Projects Update

In our last update for The Fonthill project, we shared that the team had completed the final Site Plan condition-clearing submission on October 3, 2025, following the City comments that were received on September 2, 2025.

Since then, our revised active lifestyle living concept plan was formally shared with the City on November 28, 2025, reflecting the recommendations of the updated market analysis. The project team is currently awaiting the issuance of the updated Site Plan Agreement.

We are also happy to share that the addition of one extra floor has been approved, resulting in an incremental increase of square footage for the project. This was processed and approved by the City through a formal amendment to the existing Site Plan Approval (SPA). The density enhancement materially improves the project’s overall valuation and profitability, while having no impact on the development timeline.

In parallel, and to maintain project momentum, consultants have continued advancing work on the building permit application while City feedback remains pending.

We will continue to keep partners informed as the City review progresses and the project advances toward the next phase of approvals.

Upcoming Milestones:

Site Plan Amendment Application Resubmission: October 3, 2025.

Timelines:

Official Plan Amendment: Aug 25,2022
Zoning By-law Amendment: Aug 25,2022
Draft Plan of Subdivision Conditional Approval: N/A
Draft Plan of Subdivision Approval: N/A
Site Plan Conditional Approval: Sep 3, 3025
Site Plan Complete Approval: Q4 2025
Building Permit Issued: Q3 2026

All projected timelines are indicative and reflect current market conditions and planning assumptions. As with any development project, these estimates remain subject to change due to evolving regulatory, market, and construction environments. Accordingly, dates should be considered as targets rather than definitive deadlines.