The federal government is investing more than $81.5 million to support the construction of 159 new rental homes in Toronto, part of its ongoing effort to address housing affordability through the Apartment Construction Loan Program (ACLP). The nine-storey, purpose-built rental apartment complex at 3101 Bathurst Street, known as Vivant at Bedford Park, is already underway and expected to be completed by Fall 2027.

“This project will create more rental homes for people living and working in Toronto and is an example of what is possible when we strive for housing ambition,” said Gregor Robertson, Minister of Housing and Infrastructure. “Residents will benefit from access to community, transit, and local businesses. It’s another step forward in our bold, ambitious plan to build more homes.”

Developed by Medallion Corporation, Vivant at Bedford Park will offer modern, energy-efficient rental units designed for individuals and families. The building is located in the heart of North York, close to public transit, restaurants, bakeries, and shops, providing residents with strong connections to the surrounding community.

“Medallion has proudly been providing rental housing for more than 60 years,” said Scott Cryer, Chief Financial Officer of Medallion Corporation. “The CMHC’s continued support through the ACLP is essential to building affordable rental homes, which this community and Toronto desperately need. We’re thrilled to partner on Vivant at Bedford Park, which will offer affordability, energy efficiency, accessibility, and transit connectivity.”

Minister Robertson emphasized that building a strong Canadian housing sector will require purposeful partnerships and unprecedented scale and speed, noting, “We must build homes at a pace not seen since the Second World War.”

The ACLP is part of the federal government’s broader strategy to increase housing supply and reduce costs for Canadians, particularly in urban centres facing acute affordability challenges.