The project has achieved WELL Precertification, a designation that recognizes that the project is prioritizing the health and wellbeing of the people who will use the building.

The premier said the project could stretch from Mississauga in the west to Markham in the east.

The first phase of the Gladstone Village development will span 336 units, and is being built by general contractor Pomerleau Construction.

Of the funding, the government will spend nearly $1.7 million to help create 30 affordable units in Marathon.

National renovation spending increased by an estimated $300 billion between 2019 and 2023, led by home renewal and revitalization projects in the Toronto and Vancouver markets.