Toronto Metropolitan University (TMU) is preparing for a major expansion of its student housing capacity, backed by an $83-million provincial investment through the Building Ontario Fund. The development, located at 100 Bond Street, marks the first phase of an approximately $200-million initiative, and will deliver nearly 1,400 new student beds within a modern, purpose-built 21-storey tower in the heart of downtown Toronto. Designed to help solve the student housing crunch in one of Canada’s most competitive rental markets, this new residence represents one of the most significant construction projects undertaken by TMU in decades.
Transforming Bond Street into a Student-Focused Hub
The new residence will more than double TMU’s existing housing capacity, which currently sits at around 1,144 beds across three residences. Once complete, the building will help alleviate pressure on the private rental market, offering room rates that the province says will be “well below” Toronto’s average rents—estimated at $1,715 for a one-bedroom apartment and $1,126 for rooming accommodations.
To make way for construction, several long-standing businesses along Dundas and Bond—including the iconic Imperial Pub—will be demolished. The transformation of the block marks a significant reshaping of the campus edge, creating a new gateway for TMU students and revitalizing a central piece of the city’s downtown fabric.
Construction and Design Vision
The 21-storey residence tower will incorporate a reinforced concrete structure optimized for vertical [load capacity and energy efficiency—a critical requirement for high-density student living. The design will integrate:
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Durable cladding materials suitable for Toronto’s climate
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High-efficiency mechanical systems, including heat recovery and smart HVAC controls
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Modern glazing systems to maximize daylight while improving thermal performance
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Multiple amenity floors, including study spaces, lounges, shared kitchens, and fitness areas
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Ground-floor activation, providing secure entry, student services, and accessible circulation
Toronto Today reports that a priority of the design is balancing affordability with long-term durability. This includes choosing materials that minimize maintenance costs, optimizing construction sequencing to reduce waste, and integrating technology that lowers operational energy use.
The project is being developed in partnership with Cedar Podium Investment Management, which specializes in student accommodations for post-secondary institutions.
Construction Timeline and Approach
Pre-construction is expected to begin in late 2025, which will include demolition, site clearing, environmental review, utility relocation, and shoring design. Once the site is prepared, the sequential construction process will follow typical high-rise building methodology:
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Deep excavation and shoring installation to prepare the below-grade structure
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Concrete foundation pours for footings and elevator cores
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Vertical structural construction, including core walls and post-tensioned slabs
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Mechanical/electrical rough-ins integrated floor-by-floor
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Exterior cladding installation, followed by window and balcony systems
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Interior framing and finishing, including resident rooms and amenity spaces
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Testing, commissioning, and occupancy planning
As with any downtown construction, logistics will play a major role. Staging areas will be limited, requiring tight scheduling of deliveries, crane operations, and sidewalk/street management.
Construction Trades Involved
Delivering a project of this scale will require the expertise of numerous construction trades, including:
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Excavation and Shoring Crews – installing retaining systems and preparing the subgrade
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Concrete Formwork and Rebar Specialists – building the tower’s structural frame
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Ironworkers and Steel Fabricators – installing mechanical supports and structural components
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Electricians and Communications Technicians – wiring power, lighting, and high-speed data systems
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HVAC Installers and Sheet Metal Workers – fitting air handling units, ductwork, and climate controls
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Plumbers and Pipefitters – installing water, drainage, and fire suppression systems
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Glaziers and Curtainwall Installers – applying the façade and window systems
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Carpenters and Drywall Crews – framing common areas, suites, and amenity rooms
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Flooring Installers, Painters, and Finish Trades – completing interior environments
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Roofing and Waterproofing Specialists – protecting the building envelope
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Landscape and Hardscape Professionals – enhancing the streetscape and campus interface
This broad workforce will support hundreds of jobs from pre-construction through completion.
A Strategic Investment in Affordability and Education
The Ontario government views this project as a cornerstone of its plan to strengthen publicly funded post-secondary institutions, address housing shortages, and support economic growth. “Amid global uncertainty, our government is protecting Ontario’s future by building housing that meets the unique needs of our growing province,” said Finance Minister Peter Bethlenfalvy.
By combining public investment, institutional collaboration, and innovative development partnerships, the Bond Street residence will provide stable, affordable housing for thousands of students—reducing financial stress and enhancing academic success.
A Campus for the Future
When complete, the tower at 100 Bond Street will stand as a symbol of Toronto’s commitment to education, affordability, and urban regeneration. It will offer students a secure, purpose-built home in the heart of the city, while supporting economic growth, construction jobs, and revitalization across the downtown core.
