Three companies will share in the funding and use it to expand their respective operations.

The money comes from the new Northern Ontario Resource Development Support fund.

With two months of permit data yet to be collected and reported, the city has already surpassed its best-every year for construction—at $105 million. The previous record of $101 million was set over 12 months in 2006.

The city has awarded the contract for the development of the Phase One Housing Now site at 777 Victoria Park Avenue to Alterra Group of Companies and Mahogany Management.

The new Capital Priorities Program will create 19,700 new student spaces and 1,525 new licensed child-care spaces in schools.