Day: December 5, 2025

TORONTO, ONTARIO — OCTOBER 2 — AvranceCorp Developments, a next-generation Canadian real estate developer with over $4 billion in projects under management, today announced its ambitious pipeline of more than 7,000 residential units currently in planning and development across Ontario.

Founded in 2016 by CEO Samuel Babarinde, AvranceCorp has grown from a family-led business rooted in urban planning expertise to one of Canada’s fastest-emerging development companies. With a focus on innovation, affordability, and community impact, AvranceCorp is redefining how residential communities are built and financed.

“Our mandate is clear: build sustainable housing that balances profitability with affordability,” said Babarinde. “While many developers in the Greater Toronto Area are pricing families out of the market, AvranceCorp is committed to moderate profit margins of 30–50 per cent, ensuring our investors achieve strong returns while families access attainable housing.”

Highlights of the AvranceCorp Portfolio

•  T City Condos Phase II  –  A master-planned community of five towers with 1,800 units overlooking Humber River green space.

• Wasaga Beach “Lux” Project: 392 purpose-built rental units addressing high-growth rental demand in Georgian Bay.

• Springbank, London: Mixed-use community integrating townhomes and mid-rise rentals.

• Georgian Bay Terrace, Meaford: 150-unit development reshaping the waterfront.

• T City Townhouse Phase I: A multi-phase community featuring stacked townhomes, condominiums, and rental towers.

Commitment to Innovation

AvranceCorp is also investing in AI-driven real estate technologies, pioneering a platform to transform presales, financing, and investor access to property markets worldwide. This disruptive approach positions the company at the intersection of real estate and technology, creating new opportunities for global investors.

About AvranceCorp Developments

AvranceCorp Developments is a Toronto-based real estate development company with a $4B+ portfolio and 7,000+ residential units in active development. Guided by urban planning principles and a commitment to innovation, AvranceCorp delivers communities that balance affordability, sustainability, and investor value.

Media Contact

Kenai Andrews
Director, Media & Investor Relations
AvranceCorp Developments
Email: kenai@avrancecorp.com
Phone: 647-368-8888

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TORONTO, ONTARIO — October 25, 2021 — AvranceCorp Developments is pleased to announce that its highly anticipated Georgian Bay Terrace project has officially received zoning approval following a unanimous vote by the municipal planning authority on October 25, 2021. This milestone marks a major advancement for one of the region’s most transformative residential mixed-use developments and sets the stage for the project’s next phase of detailed design and pre-construction.

Georgian Bay Terrace is a premier five-storey boutique residential development located at 1 Legion Road in Meaford, Ontario. Featuring 150 luxury suites, Georgian Bay Terrace combines contemporary design with the natural beauty and lifestyle appeal of the Georgian Bay region.

“We are extremely pleased and honored to receive zoning approval for Georgian Bay Terrace,” AvranceCorp Developments CEO and founder Samuel Babarinde said. “This decision reflects a shared vision between our team and the municipality, one that supports responsible urban expansion, economic opportunity, and enhanced quality of life for current and future residents. We are grateful for the constructive dialogue with city officials, local stakeholders, and community members throughout this process.”

The approval follows several months of planning reviews, environmental assessments, and design refinements aimed at ensuring that Georgian Bay Terrace meets both community expectations and municipal development standards.

With zoning approval secured, AvranceCorp will now proceed with detailed architectural planning, engineering studies, and the preparation of building permit applications.

Visit www.avrancecorp.com for more information and project updates.

Forward-Looking Statements:

This release may contain forward-looking statements relating to the future performance of Georgian Bay Terrace. Such statements involve risks and uncertainties, and actual results may differ materially due to various factors including regulatory changes, construction timelines, and market shifts.

About AvranceCorp Developments

AvranceCorp Developments is a Toronto-based real estate development company with a $4B+ portfolio and 7,000+ residential units in active development. Guided by urban planning principles and a commitment to innovation, AvranceCorp delivers communities that balance affordability, sustainability, and investor value.

Media Contact

Kenai Andrews
Director, Media & Investor Relations
AvranceCorp Developments
Email: kenai@avrancecorp.com
Phone: 647-368-8888

Previous Press Releases