{"id":19455,"date":"2025-11-13T01:25:49","date_gmt":"2025-11-13T06:25:49","guid":{"rendered":"https:\/\/dev.buildingonfund.ca\/?p=19455"},"modified":"2025-11-13T11:17:17","modified_gmt":"2025-11-13T16:17:17","slug":"ontario-investing-83-million-to-support-affordable-student-housing-in-downtown-toronto","status":"publish","type":"post","link":"https:\/\/dev.buildingonfund.ca\/fr\/ontario-investing-83-million-to-support-affordable-student-housing-in-downtown-toronto\/","title":{"rendered":"L\u2019Ontario investit 83 millions de dollars pour soutenir le logement \u00e9tudiant abordable au centre-ville de Toronto"},"content":{"rendered":"\t\t
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Nov. 13, 2025<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Ontario Investing $83 Million to Support Affordable Student Housing in Downtown Toronto<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Initial investment through the Building Ontario Fund will more than double student housing at Toronto Metropolitan University<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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Toronto, ON \u2014 <\/span><\/strong>As part of its plan to protect Ontario and build a more competitive, resilient and self-reliant province, the government is investing approximately $83 million through the Building Ontario Fund (BOF) to create a new, multi-phased student housing development at Toronto Metropolitan University (TMU). The first phase of the project will result in a new 21-storey tower at 100 Bond Street, revitalizing a key area of the city and making student housing more affordable in Ontario\u2019s most competitive housing market.<\/span><\/p>

\u201cAmid global uncertainty, our government is protecting Ontario\u2019s future by building housing that meets the unique needs of our growing province,\u201d said Peter Bethlenfalvy, Minister of Finance. \u201cThis investment through the Building Ontario Fund will make student housing in Toronto more affordable, revitalize the downtown core and help ensure that Ontario remains one of the best places in the world to study, work and live.\u201d<\/span>\u00a0<\/span><\/p>

The new residence at 100 Bond Street will add nearly 1,400 new student beds in the heart of downtown Toronto. The project will more than double TMU\u2019s on-campus housing capacity and provide affordable accommodation options well below average Toronto rents.<\/span>\u00a0<\/span><\/p>

\u201cIn the face of economic uncertainty, our government remains laser focused on bolstering student success in Ontario,\u201d said Nolan Quinn, Minister of Colleges, Universities, Research Excellence and Security. \u201cThrough this investment, our government is expanding access to affordable student housing so more students at Toronto Metropolitan University can remain focused on learning the skills they need to thrive in their future careers.\u201d<\/span>\u00a0<\/span><\/p>

In partnership with Cedar Podium Investment Management, the Bond Street project is the first housing investment through BOF. Pre-construction is expected to begin in late 2025 and is part of the government\u2019s plan to protect Ontario by making life more affordable for students and strengthening the province\u2019s world-class publicly funded colleges and universities.<\/span>\u00a0<\/p>

As Ontario faces global economic uncertainty and persistent housing pressures, the government is taking decisive action to build more homes, strengthen communities and protect Ontario\u2019s future. BOF is part of that plan, supporting projects that grow the province\u2019s economy, competitiveness and resilience.<\/span>\u00a0<\/span><\/p>

QUICK FACTS<\/span><\/b>\u00a0<\/span><\/h3>