Toronto, ON – Building Ontario Fund (BOF) is partnering with High Art Capital to establish a fund to be capitalized with a minimum of $1.3 billion. The fund intends to purchase and convert unsold condominium inventory into much-needed rental housing at scale. With BOF contributing up to $300 million to the fund, this initiative represents our first investment in affordable residential housing across the province. Thanks to our participation, this partnership intends to deliver:

Approximately 2,200 rental housing units across the Greater Toronto Area (GTA), including

Approximately 550 affordable rental housing units for the GTA workforce, intended to be secured in perpetuity.

Kincardine, ON – The Ontario government today announced a $250 million investment by Saugeen Ojibway Nation (SON) in Bruce Power’s medical isotopes business. The transaction is supported by a provincial guarantee under the Indigenous Opportunities Financing Program (IOFP), administered by Building Ontario Fund.

The guarantee is one of the largest of its kind since the Indigenous loan guarantee program began in 2009. The investment by SON – which includes Chippewas of Saugeen First Nation and Chippewas of Nawash Unceded First Nation – secures long-term economic participation in a partnership known as Gamzook’aamin aakoziwin, which translates to “we are teaming up on the sickness.”

TORONTO — As part of its plan to protect Ontario and build a more competitive, resilient and self-reliant province, the government is investing approximately $83 million through the Building Ontario Fund (BOF) to create a new, multi-phased student housing development at Toronto Metropolitan University (TMU). The first phase of the project will result in a new 21-storey tower at 100 Bond Street, revitalizing a key area of the city and making student housing more affordable in Ontario’s most competitive housing market.

Toronto, ON – The Ontario government is expanding the mandate of the Building Ontario Fund (BOF) to include critical minerals as a new priority area for infrastructure investment. BOF plays a pivotal role in catalyzing investments in transformative infrastructure projects across the province. With this expanded mandate, BOF will be able to invest in enabling infrastructure – such as roads, energy systems, transportation, and housing – that will make it possible for Ontario’s critical minerals sector to grow. These investments will be made in collaboration with institutional investors, government ministries, and Indigenous partners.

Clarington, ON – Canada Growth Fund Inc. (CGF) and Building Ontario Fund (BOF) today announced an equity commitment agreement to finance the Small Modular Reactors (SMR) project to be constructed at the Darlington New Nuclear Project (the DNNP or the Project), which will be majority owned and operated by Ontario Power Generation Inc. (OPG). Through this agreement, CGF and BOF have committed to invest up to $2 billion and $1 billion, respectively, each taking minority ownership positions in the Project.

TORONTO – The Building Ontario Fund (BOF) has reached financial close on an agreement with Arch Corporation (Arch) that bundles four loans to redevelop and expand long-term care (LTC) homes in smaller communities in Ontario. Manulife financed the project in partnership with BOF to help accelerate priority infrastructure development in the province.