On March 10, 2026, High Art Capital announced the launch of its GTA Rental and Affordable Housing Initiative, a private real estate fund expected to be capitalized with a minimum of $1.3 billion. The initiative aims to acquire blocks of newly completed, unsold condominium units across the Greater Toronto Area and convert them into long-term rental housing. The program is expected to deliver approximately 2,200 rental units, including about 550 affordable units protected through title-based affordability commitments. The fund is anchored by a commitment from Building Ontario Fund — an independent, board-governed Crown agency that channels private and institutional investment into revenue-generating infrastructure projects across Ontario — of approximately $300 million in mezzanine debt financing and a nominal equity investment.

Canaccord Genuity Corp. is acting as exclusive financial advisor and sole agent to High Art Capital. Wildeboer Dellelce LLP is acting as legal advisor to High Art Capital, with Bennett Jones LLP acting as legal advisor to Canaccord Genuity Corp. Osler, Hoskin & Harcourt LLP advised Building Ontario Fund.