The organization says the plan will secure more than 1,600 megawatts (MW) of generating capacity and create more than 500 highly skilled jobs.

The new stadium will sit on the lands of the former Downsview Airport, now known as YZD, and will host its first events as soon as June 2025.

RESCON wants to see governments lower taxes, fees, levies and development charges on new housing, and speed up approval times for developments.

In the Greater Toronto Area, a combination of high interest rates and an uptick in new condo completions has meant that sales activity isn't absorbing supply fast enough.

Awarded to SheaRock Construction Group, the project will cost about $7.9 million and have a target completion date of November 2025.