New rental complex under construction in Collingwood
Construction is now underway on a new rental housing development in Collingwood.
The Residences at Silvercreek on Prince of Wales Drive, formerly Highway 26, is a three-building, four-storey complex that will house nearly 190 apartment suites, which will increase the number of rentals in town by 33 per cent.
- Download the CTV News app to get local alerts on your device
- Get the latest local updates sent to your email inbox
The complex will have open-concept suites with views of Georgian Bay, Blue Mountain Ski Resort, and Cranberry Marsh.
"Residences at Silvercreek is an effort across our group of companies, with resources leveraged and expertise utilized among several of our business units," stated Jason Castellan, co-founder and CEO of Skyline Group of Companies.
"With the town having a vacancy rate of only 2.5 per cent as of October 2023, we are proud to be providing new rental housing where it is needed most, bringing forward an opportunity for more people to live and work in this town," Castellan continued.
The complex will also house a 4,800 square-foot central amenity space with a kitchen, games room, gym, outdoor terrace, hot tub and pickleball court.
The development project is scheduled to be completed in the spring of 2026.
CTVNews.ca Top Stories
Signs of Alzheimer’s were everywhere. Then his brain improved
Blood biomarkers of telltale signs of early Alzheimer’s disease in the brain of his patient, 55-year-old entrepreneur Simon Nicholls, had all but disappeared in a mere 14 months.
What we've learned so far in the Trump hush money trial and what to watch for as it wraps up
Testimony in the hush money trial of Donald Trump is set to conclude in the coming days, putting the landmark case on track for jury deliberations that will determine whether it ends in a mistrial, an acquittal — or the first-ever felony conviction of a former American president.
Sentencing trial set to begin for Florida man who executed 5 women at a bank in 2019
Zephen Xaver walked into a central Florida bank in 2019, fatally shot five women and then called police to tell them what he did. Now 12 jurors will decide whether the 27-year-old former prison guard trainee is sentenced to death or life without parole.
'How do you get hypothermia in a prison?' Records show hospitalizations among Virginia inmates
The Virginia State Police investigator seemed puzzled about what the inmate was describing: "unbearable" conditions at a prison so cold that toilet water would freeze over and inmates were repeatedly treated for hypothermia.
The Israel-Hamas war is testing whether campuses are sacrosanct places for speech and protest
Administrators on some campuses have called in local police to break up pro-Palestinian protesters demanding that their schools divest from Israel in demonstrations that Israel's allies say are antisemitic and make campuses unsafe. From Columbia University in New York to the University of California, Los Angeles, thousands of students and faculty have been arrested in the past month.
Helicopter carrying Iran's president suffers a 'hard landing,' state TV says without further details
A helicopter carrying Iranian President Ebrahim Raisi suffered a "hard landing" on Sunday, Iranian state television reported, without immediately elaborating.
Canadian immigration asks medical worker fleeing Gaza if he treated Hamas fighters
Lawyers are questioning Canada’s approach to screening visa applications for people in Gaza with extended family in Canada after one applicant, a medical worker, was asked whether he had treated members of Hamas.
The secret Italian lakes that most tourists don't know about
Italy has dozens of secret smaller lakes that boast superb scenery, unknown to mass tourism, where locals get together on day trips and enjoy picnics.
Flammable kids' sleepwear, salmonella-contaminated chips: Here are the recalls of this week
Health Canada and the Canadian Food Inspection Agency issued recalls for various items this week, including kids' bassinets, chips, and stoves. Here's what to watch out for.