Ontario's Premier Accountability Dashboard · Queen's Park Watch
Brian Porter
Brian Porter is the Ford government-appointed Chair of the Building Ontario Fund (BOF), Ontario's Crown infrastructure bank. Porter served as President and CEO of Scotiabank from 2013 to 2022. He was appointed BOF Chair in November 2024 by the Ford government and presided over the board's approval of the $300M mezzanine debt commitment to High Art Capital — a deal that closed in February 2026 with no disclosed public competitive selection process.
Connected Scandals
The Ford government's Building Ontario Fund quietly committed $300 million in public mezzanine debt to High Art Capital — a little-known private fund — to buy unsold GTA condos from developers and convert them to rentals. Only 25% of the 2,200 units will be "affordable," the developers being bailed out are also paid to manage the properties, and the deal closed in secret two weeks before the public found out.
As Ford-appointed Chair of the Building Ontario Fund, Porter presided over the board that approved the $300M mezzanine debt commitment to High Art Capital — with no disclosed competitive process — making him the key fiduciary authority behind the province's first major housing-market intervention using public infrastructure bank funds.