Ontario is putting up to $178 million into a stalled Toronto rental project. Is it a good investment or 'bailout'?

“As housing developments across the province falter, the province is using its newly formed Building Ontario Fund to invest up to $178 million in one that will deliver 1,700 rental units near the Scarborough Go Station.

It's the second use of the fund, an independent Crown agency with a mission to invest and attract private capital into needed infrastructure that makes a profit, for market housing.”

This material may be protected by copyright.