10 Biggest Commercial Real Estate Companies In Canada 2023
Most of us are playing the game of life and not genuinely building the blocks that go into making places where we live, work, shop, and interact. However, several notable companies have had enormous effects on shaping Canadian cities by building housing and commercial properties. These big real estate developers take in hundreds of billions yearly and have been developing properties in several Canadian cities for decades. To find out more about each company, we will tell you what projects they’ve completed and what they plan to do in the future. We’ll also tell you if they show any respect or concern towards issues like sustainability and diversity while representing their brand or carrying out their primary business.
Concord Pacific made its mark in the real estate field in the early 1980s by establishing itself in Vancouver — Canada’s version of a world-class city. Terry, its founder, came from a family based in real estate in Hong Kong, and he leveraged his success to create one of Canada’s largest real estate companies. The company is centered around residential and mixed-use properties rather than buildings designed to make money. They focus on their communities as whole units rather than individual pieces or parts of it, producing “skyline defining” structures that are often landmarks in the areas where they build. Concord Pacific has completed more than 150 residential and mixed-use projects, with over 50 new ones currently under development.
Concord Pacific’s master-planned development at False Creek Point is an impressive sight, for it stands as the company’s crown jewel. It was built on the grounds of the 1986 World Expo in Vancouver and has been a work-in-progress since its inception. Estimated to be completed by 2023, now that construction has begun, it will surely be something to behold. This sci-fi-inspired high-rise will integrate numerous modern technologies such as 100% Wi-Fi coverage, advanced N.F.C. building entry, E.V.s charging points, smart thermostats, and more! Currently, units are available to those interested, with prices starting at just over CA$270,000.
The Onni Group is a privately owned real estate development company founded in Vancouver, BC, in 1965 by an Italian immigrant, Innocenzo De Cotiis. Based on the principles of “passion for building world-class urban communities, quality design, innovation, and sustainability,” Onni has since grown into North America’s second-largest full-service residential developer and ranks among the continent’s most respected sustainable developers. While Onni still maintains headquarters in its founding city of Vancouver, it also has offices in Toronto, Seattle, Chicago, Los Angeles, Phoenix, and Mexico City.
Fortune is a new condominium tower in the Fort York neighborhood of Toronto. The high rise is 32 stories tall and will provide luxury apartment living in downtown Toronto close to the lake, C.N. Tower, restaurants, and much more. Warisan Property has made Fortune its flagship condo project. The units are available for sale between $690,000 for a studio or 790 square foot unit up to $3 million for a large penthouse measuring 3500 square feet. Riva is a new condominium development under construction in Richmond, British Columbia.
Ian Gillespie founded a one-of-a-kind real estate company, Westbank, in 1992. Worked on by a group of dedicated and ambitious experts, the company has developed over $25 billion worth of real estate across Canada, the United States, Asia, and more. With a focus on luxury lifestyle, Westbank creates diverse projects that vary in scale and style. Whether it’s residential or commercial real estate – this Canadian company knows how to make thriving communities.
Currently under construction in Vancouver, who will not finish the Butterfly for another seven years. The building is now open for early registrations, estimated to sell at $3.5 million per unit. With a projected completion date of 2023, this seemingly lavish building exemplifies what excessive luxury real estate can afford.
The Minto Group
Minto is a real estate developer based in Ottawa, Ontario. Minto was founded in 1955 and built homes for both residential and commercial use. Some of their most popular developments include the Minto Apartment Communities, Le Rideau, Place D’Orleans, and The Stonebridge. They’ve been honored with multiple development awards over the years, one being Canada’s Best Condo Co., given to them by the C.E.O. Cup in 2009. Other awards they’ve won include Best Development by North American Readers of Residential Building Awards magazine and Best Condominium Design: Urban Project over $40 million by The National Post Master Builders Association – Ontario Chapter 2103 Master Builders’ Showcase Awards.
The Minto Metropole residential in Ottawa was the tallest building in town for almost a decade. The complex opened in 2004, and within its brick walls are 153 units. Quinn’s Pointe is an Ottawa community currently under construction and will include single-family homes and townhouses when completed. Four hundred two teams will be available in this neighborhood in the city’s Barrhaven area, welcoming people to move into their brand-new surroundings!
Mattamy is one of Canada’s largest privately-owned residential real estate companies. Initially founded by Peter Gilgan, it was rebranded as “Mattamy Homes” in 2006. In 2018 the company created a new parent company to expand its business interests called “Mattamy Asset Management.” The developer builds homes in Toronto, Ottawa, and the G.T.A., as well as in Calgary and Edmonton (and two locations in the U.S.A.). It employs 2,000 people and announced yearly revenues exceeding $4 billion and over 8200 home sales in 2017.
The 360 Condos are part of the transformation at Downtown Toronto’s edge in the rapidly evolving Liberty Village area. Vita on the Lake is a condo built by a reputable Toronto developer known for taking care of their buildings. Vita on The Lake has 404 units, each equipped with a balcony. Come and live in a 1920s building with brand new amenities, steps away from some of Toronto’s most unique and acclaimed restaurants, retailers, and nightlife.
The Daniels Corporation
A real estate company with a seemingly unpronounceable name, Daniels Corp. has been around since 1983 when it was founded in Toronto by John Daniels. He is now the group’s Executive Chairman. The company built more than 35,000 homes and apartments in Canada before opening its doors in Brampton, Mississauga, Oakville, and Whitby. It has been said that they are committed to designing innovation, construction excellence, social impact, and environmental sustainability while working on every project they undertake.
John H. Daniels, Chairman Emeritus, established the Daniels Corporation in 1983. The former CEO of Cadillac Fairview Development Corporation has made an immeasurable contribution to the quality of the places where people live, work, play, create, learn, and shop throughout a career that has lasted close to seven decades.
Daniels has contributed significantly to constructing numerous Canadian landmarks throughout his career, including the TD Centre and Eaton Centre in Toronto, the 4,700-acre Erin Mills community in Mississauga, and the brownfields reclamation of the Goodyear Tire and Rubber plant in Etobicoke.
Tridel was founded in 1934, making it the oldest real estate company on this list. The company is still headquartered in Toronto and owns many properties in neighboring areas. During a down period during the 80s, Tridel emerged from that and worked its way up to become one of Canada’s most prominent companies for condominium developers. Since then, they have developed over 87,000 homes across Canada, with more than 86% of those in Ontario or Quebec. They are responsible for making many condo buildings more environmentally friendly and sustainable by techniques such as being solar powered, including L.E.D. lighting for hallways and water conservation systems in every building built since 2006.
Canada’s largest privately held residential real estate organization is the Tridel Group of Companies. The Group comprises businesses operating in various natural estate-related fields, including development, sales, construction, property management, and other associated real estate services.
Tridel Group of Companies was established to symbolize the ongoing expansion of operating firms. The Group develops and expands as an enthusiastic and dynamic team responding to market demands.
CBRE is currently the world’s largest commercial real estate firm, providing real estate services to investors and occupiers. Since 1965, CBRE has grown from a small Los Angeles-based startup into a global provider of property services, with offices operating worldwide. The company offers integrated services in building management, facilities management, investment management, and appraisal. CBRE is the world’s largest real estate company and investment firm.
Both real estate investors and occupants can benefit from the services CBRE offers:
Facilities management, project management, transaction (including property sales and leasing), advisory services, and valuation are just a few of the services CBRE offers to occupiers.
Property leasing, investment management, property management, valuation, and development services are just a few services that CBRE offers to investors in the capital markets (including real estate sales, commercial mortgage brokerage, loan origination, and servicing. Anyone who has bought or rented property will likely contact CBRE sooner rather than later!
JLL is a leading commercial real estate professional services firm ranked as the 6th strongest brand in real estate globally according to the Forbes 2018 World’s Most Valuable Brands ranking. Headquartered in Chicago, J.L.L. boasts offices in over 80 countries and has a global workforce of 90,000 people as of December 31, 2018. They deliver integrated commercial real estate services built on insight and foresight. They specialize in developing cutting-edge strategies to help their clients maximize performance throughout the three primary business segments: office, retail, and industrial.
The second-largest public brokerage firm in the world, JLL is based in Chicago, Illinois.
Sales and leasing, property management, project management, and development are just a few of the services offered.
For marketing purposes, the company changed its legal name from Jones Lang LaSalle Incorporated to JLL in 2014.
Christian Ulbrich, a former business president, succeeded Colin Dyer as CEO in October 2016.
On June 22, 2020, Karen Brennan was appointed CFO from July 15, 2020. Beginning in 2005, Sheila Penrose presided over the board of directors. Siddharth (“Bobby”) Mehta succeeded her in that position in 2020.
Newmark Knight Frank
Newmark Knight Frank (N.K.F.) is a leading commercial real estate advisory firm that features over 15,000 professionals in over 400 offices operating in both established and emerging property markets on six continents. The U.K.’s Knight Frank founded their New York-based U.S. division in 1967 to address a growing need for specialized real estate services among American corporations and institutions looking to expand overseas. Working with these companies led the N.K.F. team to recognize that similar conditions existed for foreign firms seeking to do business within the U.S. market – necessitating an opening of a London office in 1972.
A group of skilled and qualified agents working for the organization are committed to assisting clients in finding the ideal residence.
This company is dedicated to giving its clients the best support possible. It has a successful track record.
The company can assist you in finding the ideal property for your needs because it has in-depth market knowledge.
Our assessment of the top 10 real estate brokerage companies took several factors into account. Size, reputation, area of specialty, and purpose of the company are a few.
All of the businesses mentioned above are well-established and have years of expertise. These are the top 10 names on the list of commercial real estate corporations due to their well-validated tactics.