Announcement • Mar 07

Tempus Capital Inc. and Tuk Group Close New Toronto Development Project

Tempus Capital Inc. and TUK Group announced the closing of a new joint development project in Toronto. The project is expected to deliver up to eighteen residential units. Several additional sites are currently under contract, positioning the partnership for continued expansion throughout 2026. This project represents another milestone in Tempus and TUK’s $100 million investment program focused on increasing the supply of purpose-built rental housing across Toronto. The partnership continues to target well-located urban sites capable of supporting mid-scale rental communities designed for working professionals and families. As housing demand in Toronto continues to outpace supply, the market is increasingly shifting toward professionally managed purpose-built rental communities that offer affordability, modern design and long-term stability. Mid-scale rental developments like these support families who need more space than traditional small-format units can provide. They also bring new life to urban neighbourhoods through increased foot traffic, improved streetscapes and sustained community engagement. For shareholders, purpose-built rental housing continues to demonstrate strong fundamentals due to consistent demand, stable occupancy rates and predictable income generation. This combination of community benefit and economic stability positions the Tempus and TUK partnership as a meaningful contributor to Toronto’s evolving housing landscape. TUK Group focuses on transforming under-utilized land within established neighbourhoods into high-quality housing, helping address housing demand while strengthening the communities we build in. A joint development partnership between TUK Group and Tempus Capital to deliver high-quality residential housing in Toronto.

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