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The federal government announced funding of $150 million to support the construction of 435 rental units in Montréal, through the Apartment Construction Loan Program (ACLP). Located on Sherbrooke Street East, a few minutes from L’Assomption subway station, the EXAL Quartier Olympique project is being developed and built by Construgep, in partnership with Groupe MACH. The project ... will meet high energy efficiency and sustainable development standards and will provide a complete living environment with common spaces, nearby shops and amenities that promote an active lifestyle.
The project is also part of the broader vision to revitalize the Assomption Nord sector through the creation of a vibrant new urban neighbourhood centred on public transit, with convenient access to services, shops and community spaces.
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The Apartment Construction Loan Program (ACLP) has a budget of $55 billion. It provides low-cost financing to support the construction of more than 131,000 rental units across Canada by 2031 – 2032.
- The ACLP offers fully repayable, low-interest loans to help boost rental construction for middle-income Canadians. This program has a positive impact on the housing system at minimal cost to taxpayers.
- A stable supply of purpose-built rental housing is essential to ensuring that more Canadians have access to housing that meets their needs.
- As of March 2026, Canada Mortgage and Housing Corporation (CMHC) had committed $30.82 billion in loans through the ACLP to support the construction of more than 78,200 purpose-built rental units.
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