GTA Construction News staff writer
The City of Toronto is celebrating a major construction milestone for a new rental housing development in Scarborough that will include 80 affordable homes as part of efforts to accelerate housing construction across the city.
Mayor Olivia Chow, Scarborough-Woburn MP Michael Coteau and Scarborough Centre Coun. Michael Thompson joined representatives from The Rose Corporation and development partner Michael Langer on Friday to mark the “topping off” of 26 Gilder Dr., signalling the completion of the building’s structural framework.
The project, known as The Glenview, will deliver 341 rental units, including 80 affordable homes and 261 market-rate apartments. Located near Kennedy Station, the development is intended to provide residents with easier access to public transit, employment opportunities and community services. Occupancy is expected to begin in the second half of 2027.
It’s the first of 44 developments currently under construction through the City’s Rental Housing Supply Program (RHSP) to break ground in March 2025. City officials say the program is helping speed up the construction of new rental housing.
Toronto is contributing more than $11.4 million in financial incentives for the project, including development charge deferrals and waivers. The development is also supported by nearly $150 million in funding and financing from Canada Mortgage and Housing Corporation through its SEED and Apartment Construction Loan Program initiatives.
The milestone follows last week’s groundbreaking ceremony for another RHSP-supported purpose-built rental project at 72 Perth Ave. Together, the developments form part of the city’s broader strategy to expand rental housing supply and support home construction.
Once completed, the 44 RHSP projects currently underway are expected to deliver more than 11,000 new homes, including more than 6,200 rent-controlled or affordable units.
“Every Torontonian deserves a safe, affordable place to call home close to transit, jobs and the services they rely on,” Chow said in a statement. “By partnering with other levels of government and the private sector, we are cutting red tape and moving faster to build the homes Toronto needs.”
Thompson called the project especially meaningful for Scarborough residents seeking more affordable housing options close to transit and services.
“It’s clear that housing is one of the top priorities for people in Scarborough,” Coteau added, saying federal investments in housing are helping strengthen communities and create jobs.
Daniel Berholz, president of The Rose Corporation, said the project reflects a collaborative effort between the public and private sectors to address housing needs in the community.
“Simply put, this project would not have happened without their partnership,” Berholz said, referring to support from the City of Toronto and CMHC.
