Thank you for your interest in The Clove condominium project. We want to let you know that, after careful analysis and consideration, Mattamy Homes and QuadReal have made the very difficult decision to begin the process of cancelling The Clove.

While the project received strong initial interest, sales have remained below 10% of available units, well below our sales threshold as described in our early termination conditions. Unfortunately, the GTA condominium market is experiencing significant headwinds, and, given these conditions, moving forward with The Clove is not in the best interests of our purchasers or the community.

While this news is disappointing, we look forward to future opportunities as market conditions improve. If you are interested in learning more about possibilities by Mattamy Homes or QuadReal visit our websites for more information.

QuadReal: www.quadreal.com/

Mattamy Homes: www.mattamyhomes.ca/

QuadReal has been part of the Cloverdale neighbourhood for nearly 20 years and remains committed to its long-term vision as a vibrant mixed-use community. More details regarding future plans for the masterplan will be provided as market conditions improve.

Thank you again for your interest and support.