"We're excited to partner with Building Ontario Fund to advance our vision of delivering a vibrant mixed-use community for Ontario residents. With its prime location and proximity to transit, including the Scarborough GO Station, we believe this neighborhood will be highly attractive to both individuals and families alike. Our partnership with BOF creates a clear path to begin construction and deliver new affordable homes in the near term."

- Jeffrey Kimel, CEO, Harlo Capital

The Building Ontario Fund (BOF) is investing in Harlo’s Scarborough Junction project through a joint venture with Republic Developments, which is helping advance a previously stalled development. Once repaid, the BOF will reinvest funds into priority sectors such as affordable housing, transportation, energy, and community infrastructure. With the GTA expected to grow by 1.7 million residents by 2051, the project will increase rental housing supply and affordability while also creating various construction jobs.

Construction is expected to begin in 2027, with first occupancies targeted for 2030.

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