Developed by The Rose Corporation with support from federal and municipal partners, a new 341‑unit rental tower is now underway in Scarborough, Ontario. The 27‑storey building at 26 Gilder Drive, in the Eglinton East neighbourhood, is rising on surplus land beside an existing apartment complex, a school, and a park—just 800 metres from the Kennedy–Lawrence transit hub.
In the announcement, federal officials emphasized that investments in rental housing strengthen supply chains, support job creation, and contribute to a more resilient national economy.
“It’s clear that housing is one of the top priorities for people in Scarborough,” said Michael Coteau, Member of Parliament for Scarborough–Woburn. “Our federal government is delivering on its commitment to build more homes through strategic investments like this one. The more homes we build, the more opportunities we create for people across our community.”
The project is supported by $149 million in fully repayable federal loans through the Apartment Construction Loan Program (ACLP) and $11.4 million from the City of Toronto’s Rental Housing Supply Program. The ACLP—a $55‑billion initiative under the National Housing Strategy—provides low‑interest loans to encourage construction of purpose‑built rentals for middle‑income Canadians. As of December 2025, CMHC has committed $29.45 billion through the program to support more than 74,600 new rental homes nationwide.
“The Rose Corporation is proud to deliver these affordable and market rental homes to help address the evolving housing needs of the Scarborough community,” said Daniel Berholz, President, The Rose Corporation. “The Glenview is a strong example of what can happen when the private and public sectors work together to make much-needed housing possible. This project simply would not have happened without the support and partnership of CMHC and the City of Toronto, and we’re grateful for their commitment to the delivery of purpose-built rental housing during a very challenging market.”
Click here to learn more: 26 Gilder Drive – The Rose Corporation
