What is the latest status of the project “Alta Purpose-Built Rental Development”?

The status recorded for “Alta Purpose-Built Rental Development” is under construction.

What is the budget and commercial profile for the project “Alta Purpose-Built Rental Development”?

Taiyo normalizes the budget of “Alta Purpose-Built Rental Development” to USD 558247500.

Where can I verify the source and access all details for “Alta Purpose-Built Rental Development”?

This Taiyo project page references The Globe and Mail along with the original URL (https://www.theglobeandmail.com/investing/markets/markets-news/PR%20Newswire/33415690/oxford-breaks-ground-on-750-million-rental-development-to-deliver-first-major-purpose-built-housing-project-in-scarborough-in-over-a-generation/). Taiyo standardizes official data into a consistent, searchable project profile.

Alta Purpose-Built Rental Development

Sector: Commercial • Location: Toronto, Ontario, Canada

Source: The Globe and Mail

Project

Under Construction

Alta is a $750 million rental development consisting of three residential towers with 1,285 purpose-built rental units, including 268 affordable units. It is located on a 3.4-acre parcel on the west side of Oxford's Scarborough Town Centre shopping mall in Toronto. The project aims to deliver much-needed housing in Scarborough, featuring a broad unit mix and extensive amenities, and is designed to

Status: Under Construction
Sector: Commercial, Residential, Geothermal
Location: Toronto, Ontario, Canada
Updated: 22 Jul 2026
Source: The Globe and Mail

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Project Information

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The project “Alta Purpose-Built Rental Development” is an infrastructure initiative in the Commercial sector, located in Toronto, Ontario, Canada. Taiyo aggregates data on it from The Globe and Mail.

Participants

Not available for this record.

Status

Original status	under construction
Taiyo status	Under Construction
Taiyo last update	2026-07-22

Contact

Not available for this record.

Description

Description	Alta is a $750 million rental development consisting of three residential towers with 1,285 purpose-built rental units, including 268 affordable units. It is located on a 3.4-acre parcel on the west side of Oxford's Scarborough Town Centre shopping mall in Toronto. The project aims to deliver much-needed housing in Scarborough, featuring a broad unit mix and extensive amenities, and is designed to reduce environmental impact with geothermal heating and cooling.
Original sector	Built Sector
Budget

Location

Country	Canada
State	Ontario
City	Toronto

Source

Source	The Globe and Mail
URL

More Details

Record type	Project
Sector	Commercial, Residential, Geothermal
Article published date	2025-09-15

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