Ontario has committed $83 million through the Building Ontario Fund (BOF) to launch a new purpose-built student residence at 100 Bond Street that will add just under 1,400 beds to Toronto Metropolitan University’s (TMU) downtown campus. The 21-storey project, developed with Podium Investment Management and Unilodge Canada is part of an approximately $200 million push to address student housing pressures. Pre-construction is expected to begin in late 2025.
The residence is planned to contain 393 suites and 1,382 beds, arranged primarily in self-contained three-bedroom layouts that mix private and shared rooms. Each suite includes an eat-in kitchen, offering an alternative to traditional meal-plan living, and the lower levels introduce two large classrooms to support academic programming. Common lounges on every floor and building-wide study and creative spaces round out the programming. The residence is positioned to offer rates well below average Toronto rents.
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