Federal government loans $650M to build nearly 1,300 rental units near Scarborough Town Centre
The federal government is providing a $650-million loan to support the construction of 1,285 new rental units in Scarborough, officials said Tuesday.
The units will be located in three residential towers built on the west side of the Scarborough Town Centre shopping mall, according to a news release Tuesday by Oxford Properties, the real estate developer that is building the property.
268 units, or about 21 per cent, will be designated as affordable housing.
