North Toronto, Ontario
This condominium, offered 380 apartments and 51 townhomes, close to the Lawrence Square Mall and within minutes of the University subway line. Over $8.5 million in 2nd mortgage support was provided to homebuyers. It was developed on land purchased from the CMHC. The carrying cost of the suites, in many cases, is $100 per month below Toronto's average rent level.
Shermount is an exceptional development that has transformed the neighbourhood.
