Tempus Capital and TUK Group Toronto Housing Project

Tempus Capital Inc. and TUK Group have announced the closing of a new joint development project in Canada===Toronto, focusing on increasing the supply of purpose-built rental housing. This project is part of a $100 million investment program and is expected to deliver up to eighteen residential units, with several additional sites under contract for expansion throughout 2026. The partnership aims to target well-located urban sites for mid-scale rental communities designed for working professionals and families. Russell Tanz, President and CEO of Tempus Capital Inc., highlighted the market's need for attainable rental options and the long-term value purpose-built rentals create. Jordan Alexander King and Evan Ungar, Partners at TUK Group, emphasized the shift in Canada===Toronto's living choices and the sustainable returns these projects offer while strengthening communities. This collaboration is seen as a meaningful contributor to Canada===Toronto's evolving housing landscape, demonstrating strong fundamentals due to consistent demand and stable occupancy rates.