In an effort to save money, the province is merging the Ontario Realty Corp (ORC) back into the government.
The ORC is the real estate service arm of the government that manages one of the largest portfolios in Canada consisting of nearly 6,400 buildings and structures. The ORC will be folded into Infrastructure Ontario.
The move comes as Liberal government moves to reduce the number of public agencies by 5 per cent in order to shave down the $18.7 billion deficit.
To learn more about the announcement visit the government’s announcement.
To learn more about the ORC visit their website.