The Ontario government’s $178-million investment in Scarborough Junction LP and its assets

On June 3, 2026, the Ontario government announced that it is investing $178 million through the Building Ontario Fund. This will support the construction of approximately 1,700 new rental homes, including a target of 340 affordable units with below–market rents, in Scarborough. The investment is the first material equity investment of its type and involved significant, complex affordability and governance arrangements. The Scarborough Junction project is a 26.23-acre, multi-phase, mixed-use community expected to include up to 14 residential towers, up to 7,655 residential units, approximately 200,000 square feet of ancillary commercial and retail space, community amenities and open spaces, and direct integration with the Scarborough GO Station through a proposed new station entrance and connected pedestrian and cycling routes. The joint venture contemplates a minimum affordability requirement for Phase 1 of at least 20% of all residential units, with affordable units to remain affordable for no less than 40 years.

Advisory Team: Osler, Hoskin & Harcourt LLP

Ricco Bhasin

Kai Sheffield

Tina Mirzaei

Jameel Manji

Savvas Kotsopoulos

Dakota Secours

David Davachi

Alan Kenigsberg

Jennifer Fairfax

Shelby Wilson

Chris Barnett