February 18, 2026
Peel Region marks groundbreaking at Byngmount Shores in Mississauga
Pictured left to right: Charles Sousa, Member of Parliament; Carolyn Parrish, Mayor of Mississauga; Rudy Cuzzetto, Member of Provincial Parliament; Stephen Dasko, Regional and City Councillor, Mississauga; Nando Iannicca, Chair and Chief Executive Officer, Peel Region; and Steve Jacques, Commissioner of Human Services, Peel Region.
Mississauga — Construction begins on $90M Mississauga affordable housing project in Lakeview. The long-awaited housing project will offer 40 per cent of its 150 units at 60 per cent of market rates.
Shovels are finally in the ground at 970 East Avenue, marking the official start of construction on Byngmount Shores, a $90-million affordable housing project that has been nearly a decade in the making.
The groundbreaking event held on Feb. 17 brought together Peel Regional Council Chair Nando Iannicca, Mayor Carolyn Parrish, Councillor Stephen Dasko, and regional staff at the 1.9-acre site. The property previously housed a 48-unit social housing complex and the former Byngmount Beach Public School.
The region had tenants from the original 48 units relocated to other Peel housing properties before demolition began in 2023.
The new seven-storey development will create 150 units in the Lakeview community, including 64 one-bedroom, 73 two-bedroom, and 13 three-bedroom apartments. Of these, 33 will be fully accessible suites meeting Ontario Building Code (OBC) standards. Regional staff confirmed the project is slated for completion in the second quarter of 2028.
A rendered image of what the seven-storey affordable housing project building will look like.
Navigating a decade of delays
The project was first announced in September 2017, but it faced a series of hurdles that pushed the start of construction back by years. According to regional staff, the COVID-19 pandemic caused significant setbacks, with essential excavation and complex underground work alone taking 1.5 years to complete.
According to regional documents, the site’s proximity to the Lakeview Water Treatment Plant created significant technical challenges, as massive regional water mains encumbering the western lot forced the 150-unit building to be condensed onto a small portion of the property.
Despite the lengthy timeline, Andrea Warren, general manager of Peel Living, noted that the current financial model is designed for long-term stability.
According to the region, 40 per cent of the units will be deeply affordable, priced at 60 per cent of average market rents. Rental rates for the remainder of the units will be finalized closer to the project’s 2028 completion date. Warren noted that revenue from these units will help sustain the building and offset the costs of the lower-priced units.
Addressing concerns over the volatile economy, Brett Barnes, manager of housing development for Peel Region, shared that inflationary rates were pre-set into existing contracts. As a result, there are currently no concerns that rising material costs will stall the project before its completion.
Zero-carbon and adaptive reuse
The project is being built as a “near-net-zero-carbon” building utilizing greywater (gently used water from sinks, washing machines, showers) recycling systems. The design also features solar panels and solar walls, which staff say serve a dual purpose: meeting federal climate requirements and ensuring long-term affordability for residents by reducing utility costs.
The $90-million budget reflects a $35-million increase approved in 2022 at Regional Council, which accounted for the transition to green energy standards, complex underground parking, and the rising cost of construction since the project’s inception.
Application details will be announced as the project nears completion, regional staff confirmed.
For more information, visit the project page.
