Honouring a pledge to actively work to solve the city’s housing affordability woes by becoming a de facto developer, Toronto’s municipal government last week said it would provide funding for a 27-storey, 341-unit, rental tower at 26 Gilder Drive in Scarborough in conjunction with builder The Rose Corp.
Toronto, federal government join developer to build 341-unit rental tower
Rose Corp.'s 27-storey building in Scarborough will include affordable housing units
By Neil Sharma
CoStar NewsJune 3, 2026 | 3:10 P.M.
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IN THIS ARTICLE
- Properties
- Companies
- The Rose Corporation
Construction
- Contacts
- Olivia Chow
Mayor, City of Toronto
- Isaac Quan
Branch Manager, Living Realty Inc., Brokerage