Peel Region has announced the start of construction on Byngmount Shores, a seven-storey affordable rental community in Mississauga’s Lakeview neighbourhood.

The development includes 150 rental homes, including family sized units and ground floor community space. Twenty-two per cent of the homes will be fully accessible. Peel Housing Corporation will own and operate the building and is a core partner in planning and delivering the project.

Construction is being led by design-builders Martinway Developments Ltd., and the project is expected to finish in 2028.

The project is supported by coordinated funding from all levels of government, including the Government of Canada through the Canada Mortgage and Housing Corporation, Ontario’s Ministry of Municipal Affairs and Housing, Peel Region, and the City of Mississauga.

“Byngmount Shores shows what can be achieved when every order of government stands behind a shared commitment to expand affordable housing,” said Peel Region Chair and CAO Nando Iannicca. “I thank our federal, provincial and municipal partners for their leadership in advancing this work. Their collaboration gives more families a stable, attainable place to call home. Today’s groundbreaking reflects years of planning, determination, and a belief that communities thrive when people have secure housing.”