Investment Highlights
Financing Ontario’s Future
Infrastructure is the foundation of a thriving economy and a high quality of life. From housing and transportation to energy systems and long-term care homes, smart investments today help ensure a thriving, future-ready Ontario for generations to come.
As Ontario’s population grows – from 16.1 million in 2024 to a projected 21.7 million by 2046 – the demand for modern, reliable infrastructure is accelerating. Aging assets need renewal. Essential services need expansion. And communities need support to grow sustainably.
Building Ontario Fund is financing transformative, revenue generating projects in the following priority areas:
The Rekai Centre at Cherry Place in Downtown Toronto
| SECTOR | Long-term care |
|---|---|
| LOCATION | Toronto |
| PARTICIPATION | $176.1 million construction loan and, subject to Rekai meeting customary conditions, a term loan after construction is complete |
| PARTNERS | The Rekai Centres and a major Canadian bank, in collaboration with the Ministry of Long-Term Care |
Four Rural Long-term Care homes – Arch Corporation
| SECTOR | Long-term care |
|---|---|
| LOCATION | Amherstburg, Lancaster, Prescott, and Tay Valley, Ontario |
| PARTICIPATION | Senior secured loan of $132.7 million to fund construction and operational costs across the four homes, subject to customary financial terms and conditions |
| PARTNERS | Arch Corporation and Manulife Financial, in collaboration with the Ministry of Long-Term Care |
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