The two-tower, 420-unit project will include 110 affordable housing units, and has been funded in part under CMHC’s Rental Construction Financing initiative.

The Liberal leadership candidate has a plan to build more regional infrastructure and connect residents with better healthcare services.

Losses stemming from the large contractor defaults of 2018 have now largely been digested by the primary sureties involved, and re-insurance interest in Canada remains high with few rare exceptions.

Flex-N-Gate plans to grow its downtown plant by 12,500 square feet and create more than 100 new jobs.

The funding, which has been labelled as an initial commitment, will be used for project pre-planning.