Teagan has covered Toronto, GTA, and Ontario cottage country real estate. Before coming to STOREYS as a staff writer, she was a freelance writer for Toronto Life and Cottage Life.
"I just cant believe it, and a lot of my colleagues cant believe it either. We’ll be closing in 2026. If we hadn’t secured this approval, it would have been 2028," says Craig Marshall, Founder and President of Marshall Homes .A new Ajax townhome project received development approvals in just five weeks — a striking deviation from the typical 18 to 24 month timeline — shaving off around $20,000 per unit for future homebuyers.
In August, Marshall had an informal meeting with Ajax's Director of Planning and Development Services Geoff Romanowski about how long it could take to get the plans approved. "He said 'you know it's going to be around 18 months, maybe two years, to get this approved,'" Marshall tells STOREYS.
As for why the project was able to move ahead so quickly when others languish in municipal bureaucracy for months, sometimes years, Marshall says it came down to offering the right kind of product. Besides providing more housing quicker, the substantially shortened timeline has also meant that they can offer more affordable prices for homebuyers. According to Marshall, the crunched timeline alone saved them around $5,000 per unit and $15,000 per unit was recovered in the absence of accruing interest that would have added up had the site sat undeveloped for longer. All in all, homebuyers will save around $20,000 per unit as a result of the expediency.
“This gets more housing built and faster. This is the sort of thing we need to be doing everywhere," says Marshall. "Not only does it make me want to build more in Ajax, I think it's something we can hold up to other mayors, and hopefully, they extend the strong mayor powers to more mayors in the province."
With four floors of beautifully renovated spaces, ample room for family and friends, and an unbeatable location, this is a home you don't want to miss out on.With 5.8 million new homes needed in Canada by 2031, and the homebuilding sector increasingly under the gun to produce more units, it is time to look towards offsite construction, argues RESCON President Richard Lyall.
Townhomes Ajax Marshall Homes Development Project
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