The new health care facility will include improved equipment and facilities such as a 24-hour emergency department.

Construction of new rental options have been hampered by high interest rates and rising construction costs.

Lodging Econometrics reports that there were 80 projects and 10,603 rooms under construction across the country at the close of the second quarter of this year.

Under the first intake of its Housing-Enabling Water Systems Fund, the province has committed to investing $970 million in 54 projects across 60 municipalities.

The expansion will be almost double the size of the current hospital, enabling increased health care capacity in Durham Region.