RFQ issued for 540-unit Toronto project under Build Canada Homes program
AI Article Summary
A federal Crown corporation is looking for a design-builder to develop a new housing project in north Toronto that will include up to 540 mixed-income housing units, with specific accommodations for seniors. Parc Downsview Park Inc., a subsidiary of Canada Lands Company, has issued a Request for Qualifications (RFQ) for this project. This initiative is part of the Build Canada Homes program, aimed at increasing housing availability. The project will likely address the growing demand for affordable housing in Toronto.
What This Means for Canadian Contractors
For Canadian builders, this means opportunities for participating in a significant housing project that could enhance their portfolios and experience in mixed-income development. This project shows how federal initiatives are directly contributing to the local housing supply, offering contractors a chance to engage in sustainable and inclusive building practices. The high demand for residential construction due to government programs might also affect timelines and cost structures.
