The federal government is investing approximately $257 million to support the construction of 781 multi-family rental units in Laval and Terrebonne, Que.

Federal officials announced the investment Monday during a Laval news conference.

“Through its investments in rental housing, our government is helping those who need it most, right here in Laval and across the country,” said Housing Ministern Nathaniel Erskine-Smith. “We are determined to revitalize communities through initiatives like this one. These investments help create jobs and stimulate the local economy.” 

Ottawa is providing the investment in the form of low-interest fully repayable financing through the Apartment Construction Loan Program. The funding will support three large-scale projects in partnership with private developers in the Montreal-area communities.

Exal De la Concorde in Laval, a 268-unit residential complex developed by Construgep in partnership with Groupe Mach and Sarees Investments, will receive $90 million in low-interest loans. The project, located near transit and cycling infrastructure, aims for LEED certification and includes sustainable features such as EV-charging stations, electric bike-sharing services, and rooftop urban agriculture.

Phases 4 and 5 of Central Parc Laval, a 960-unit development at 3385 Le Carrefour Boulevard, will receive $132 million in federal loans. The expansion will add 419 units and shared amenities, including a bike-repair station, outdoor pool, and gym.

WE Terrebonne, a 94-unit mixed-use residential and commercial development at 840 Montée Masson, will receive about $34 million in federal investment. The project is located near major roads and public transit.

The investments are part of the federal government’s broader efforts to increase the supply of rental housing and support urban development across Quebec.

Pictured: Exal De la Concorde apartment project in Laval, Que.

Rendering: Exal