Federal government commits $137 million for 245-unit co-op housing project in Scarborough
Ontario Construction News
AI Article Summary
The federal government has committed over $137 million to construct a 21-storey co-operative housing building in Scarborough. The project will be developed by Options for Homes and will add 245 new rental co-op units. This initiative is part of a national strategy to increase the supply of non-market housing across Canada.
What This Means for Canadian Contractors
This project shows how government funding can significantly boost the construction of non-market housing, addressing housing shortages. For Canadian builders, this means more opportunities in the residential building sector with potential impacts on labor demands and supply chain logistics. It also highlights increased collaboration between public bodies and private developers.
