Mattamy Homes and QuadReal Property Group have shelved The Clove, a planned condominium development in Etobicoke, after fewer than 10% of the units were presold amid the difficult home sales market that's hit Toronto.
Toronto's dramatic condo downturn claims planned condominium development in Etobicoke
Mattamy Homes, QuadReal have shelved The Cove, a 600-unit residential condo project, due to low demand
CoStar News
October 10, 2025 | 4:23 P.M.
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IN THIS ARTICLE
- Properties
- The Clove
2 The East Mall Cres, Toronto, ON
- Companies
- QuadReal
Real Estate
- Mattamy Homes
Construction
- Contacts
- Jon Love
Executive Chair and Founder, KingSett Capital
- Brad Carr
Chief Executive Officer - Mattamy Homes Canada, Mattamy Homes
- Dennis Lopez
Chief Executive Officer, QuadReal