Driven by a shared desire to increase housing supply, the governments of Canada and Quebec strengthened their collaboration in January to accelerate residential construction and support community development. Through a memorandum of understanding designed to guide the harmonized deployment of Build Canada Homes in Quebec, in line with provincial priorities and jurisdictions, both governments are now delivering concrete results.
Today, Rachel Bendayan, Parliamentary Secretary to the Prime Minister and Member of Parliament for Outremont, joined Laurent Levesque, President and Chief Executive Officer of UTILE, to highlight a Build Canada Homes investment supporting the development of student housing in Montréal.
Located at 6600 rue Hutchison in Montréal's Outremont neighbourhood, the UTILE Hutchison project will create 187 purpose-built rental homes for students through an $8 million investment from Build Canada Homes. The acquisition and development of the land were made possible, in particular, by a $13.8 million loan from the Fonds immobilier de solidarité FTQ.
Situated just an eight-minute walk from the Université de Montréal's MIL Campus, the development is designed specifically to meet the needs of post-secondary students by providing affordable, quality housing close to education, employment, and community services.
UTILE Hutchison will offer residents a home designed for studying, recharging, and connecting with others. The project includes spaces that support student life and well-being, helping create a vibrant and inclusive community while increasing the supply of affordable housing in Montréal.
Through investments like this one, Build Canada Homes is working with housing providers and community partners to accelerate the construction of affordable homes across Canada and help address housing challenges facing communities of all sizes.
