Today we caught up with Pedro Lopes, CEO of Marlin Spring Developments to hear about all that’s been going on in the company.

We remain confident in the continued stabilization of the market, supported by the gradual decline in interest rates, although pre-construction sales activity has shown some softness in 2024.

Our team has been steadfast in driving projects forward, whether in the stages of development, entitlement, detailed design, or active construction. Notably, significant construction milestones have been achieved across our portfolio.

House of Assembly, our 150+ unit condominium project located in the Junction neigbourhood topped off in August and window installation is now complete, with occupancies schedule for May 2025.

Curio on the Queensway is projected to top off this November, with window installation already underway, paving the way for initial occupancies to begin in early July 2025.

We have continued to welcome new residents to Ivylea in Richmond Hill, with approximately 150 homes currently occupied in the two first phases. We anticipate the closing of an additional 300 homes in Q1 2025, reinforcing our commitment to timely and efficient project delivery.

At The Dawes, the crane has been erected, marking the onset of accelerated construction progress.

Our construction team has expanded its capabilities by integrating an in-house masonry division, adept at executing both block partitions for high-rise projects and brick and stone installations for low-rise communities. This vertical integration initiative enhances our ability to maintain budget adherence and on-schedule project completion.

In our pursuit of innovative solutions to meet housing demand in Toronto and the GTA, we are now expanding into the Purpose-Built Rental (PBR) market. We are eager to commence construction on our first PBR community in Toronto, with further details to be shared soon.

Our outlook remains optimistic as we are confident in the mid- to long-term fundamentals of the Toronto and GTA market. The GTA continues to be one of Canada’s most dynamic and resilient regions, and we remain committed to delivering high-quality, high-value homes. Our razor-sharp focus on meeting the evolving needs of our purchasers will guide us as we build for the future.