TORONTO, ON — OCTOBER 22, 2025 — AvranceCorp Developments ("AvranceCorp" or "the Company"), a Tarion-licensed real estate developer based in North York, Ontario, is pleased to announce T City Townhouse and Condos Phase I and II.

The development represents a significant expansion of the company's T City mixed-use community and a compelling investment opportunity in one of the Greater Toronto Area's most promising urban growth corridors.

"The plan for the first phase is on the way, which is townhouses," AvranceCorp CEO and founder Samuel Babarinde said. "It could be 50 units, full townhouses, or 125 unit stacked townhouses on the south side of the property. Proceeding with 5 towers on the north side of the property, which could average 2,400 units.

"It's going to be a lot of affordable housing through this project," Babarinde clarified. "We have partnered with the city of Toronto to offer 20 per cent of the total unit as affordable housing. We're going to be working with different non-profits as well, and we're going to be offering a lot of exciting incentives to the public to enable the public to gain access to this development. We look to dedicate about three towers for rental, and the last two towers, as phase three, will be dedicated as condos.

"The essence of the entire development is to provide affordable housing both in terms of rental, and in terms of ownership, condominium to the public."

Major New Development for a Growing Corridor

T City Condos Phase II will feature approximately 2,400 modern condominium suites across multiple towers, forming a dynamic and well-connected community that integrates residential, retail, and green spaces.

Strategically located near transit routes, the Humber River, and key arterial roads, the project offers residents urban accessibility while maintaining proximity to natural surroundings.

"T City Phase II represents a strategic growth opportunity for AvranceCorp and our investment partners," Babarinde added. "With its scale, prime location, and alignment with Toronto's demand for connected, livable condominium communities, we believe this project will deliver strong equity growth and sustainable returns over its development cycle."

Project Highlights

Developer: AvranceCorp Developments (Tarion Licensed)
Project Type: Multi-tower condominium community with mixed-use elements
Location: 3100 Weston Road, North York, Ontario (Weston Rd. & Sheppard Ave intersection)
Number of Units: Approx. 2,400 residential suites
Current Status: OPA & Zoning Application (Pre-construction)
Estimated Occupancy: To be determined

Investment Strengths

Prime Location and Connectivity
Situated in North York's evolving Weston Rd. & Sheppard Ave. corridor, the project benefits from robust transit access, strong neighborhood infrastructure, and ongoing municipal investments in housing and transportation.

Scale and Market Reach
The large-scale, multi-tower design enables a mix of unit types and price ranges, appealing to first-time buyers, investors, and downsizers alike, while also achieving cost efficiencies and resilience to market fluctuations.

Demand Alignment
The GTA continues to experience sustained demand for suburban condominium living in well-connected, transit-oriented areas. T City Condos Phase II is designed to meet that need, combining urban amenities with community-oriented design.

Design and Community Vision

The development will feature a blend of modern architecture, professionally landscaped public areas, and resident-focused amenities. Retail and commercial spaces at street level will bring added vibrancy to the neighborhood, while the community's variety of suite layouts, including studio, one-bedrooms, and two-bedrooms with dens, ensures wide market appeal.

"We are committed to executing with quality, transparency, and efficiency," Babarinde explained. "T City Condos Phase II reflects AvranceCorp's long-term vision of building thriving, sustainable communities while delivering strong value for all stakeholders."

Next Steps

T City Condos Phase II is currently undergoing municipal review, with detailed design and site planning underway. Marketing and pre-sales are expected to launch following key approvals, with construction to proceed in phased stages.

This release may contain forward-looking statements relating to the future performance of the T City Townhouse and Condos Phase I and II projects. Such statements involve risks and uncertainties, and actual results may differ materially due to various factors including regulatory changes, construction timelines, and market shifts.