Top 7 Real Estate Development Company in Canada (Review 2025)
Canada’s real estate development sector is a dynamic force in shaping modern urban life, blending sustainability, design excellence, and community impact. With cities like Toronto, Vancouver, and Montreal growing rapidly, developers are responding with ambitious mixed-use communities and high-performance residential and commercial projects. The industry is a major economic driver, contributing over $280 billion CAD to Canada’s GDP annually, according to Statistics Canada.
This article highlights some of the top real estate development companies in the country, including Westbank, Tridel, and Mattamy Homes—each recognized for innovation, architectural partnerships, and long-term urban planning. These companies are not only constructing buildings but also defining the future of Canadian cities through large-scale, visionary developments.
Top Real Estate Development Company in Canada
Here’s top real estate development company in Canada, including Westbank Corp, Tridel, Concord Pacific, Mattamy Homes, Allied Properties REIT, Dream Unlimited, and Broccolini.
1. Westbank Corp
Location: Vancouver, British Columbia
Westbank Corp is one of Canada’s top real estate development companies, renowned for its visionary projects that merge architecture, sustainability, and cultural expression. Founded in 1992, the company has developed over $50 billion in real estate across Canada, the U.S., and Asia. Iconic projects include Vancouver House, TELUS Garden, and Mirvish Village.
Westbank is celebrated for its collaborations with world-class architects like Bjarke Ingels and Kengo Kuma. The company has received numerous accolades, including the Urban Land Institute’s Global Award for Excellence and multiple LEED Platinum certifications. Their deep commitment to art, community, and design innovation positions them as a leader in sustainable urban development.
2. Tridel
Location: Toronto, Ontario
Tridel is one of Canada’s largest and most awarded residential real estate developers, with over 85 years of experience and more than 87,000 homes built. The company is recognized for pioneering sustainable, high-performance condos across the Greater Toronto Area. Tridel has earned multiple BILD Green Builder of the Year awards and LEED certifications for its commitment to environmentally responsible building. Its flagship projects include Ten York and the luxurious Bianca Condos. The company also emphasizes smart home technologies and wellness-focused living. Tridel’s legacy, innovation, and focus on community development have earned it a reputation as a trusted leader in urban residential design.
3. Concord Pacific
Location: Vancouver, British Columbia
Concord Pacific is a leading Canadian real estate developer best known for transforming Vancouver’s former Expo 86 site into Concord Pacific Place—Canada’s largest urban waterfront community. With projects across Vancouver, Toronto, and Calgary, the company has over 30 years of experience in building master-planned communities. Its developments often integrate cutting-edge amenities, smart technology, and sustainable design. Concord Pacific has received awards for innovation in urban planning and green building practices. Notable projects include Concord Brentwood and Concord Metrotown. Their vision of combining livability with architectural excellence has made Concord a trailblazer in Canadian real estate development.
4. Mattamy Homes
Location: Toronto, Ontario
Mattamy Homes is North America’s largest privately-owned homebuilder, with operations in Canada and the U.S. Since its founding in 1978, Mattamy has built over 100,000 homes and numerous award-winning communities. In Canada, it is especially known for its master-planned suburbs in Ontario, Alberta, and beyond. The company emphasizes sustainability, livability, and community-centered design. It has received multiple awards, including Canada’s Best Managed Companies designation and ENERGY STAR builder certifications. Projects like Mount Pleasant Village and Seaton in Pickering highlight its focus on modern, family-friendly living. Mattamy’s dedication to design, efficiency, and homeowner satisfaction sets it apart in the residential market.
5. Allied Properties REIT
Location: Toronto, Ontario
Allied Properties REIT is a premier developer and manager of urban workspace real estate in Canada. While not a traditional residential developer, Allied has played a key role in revitalizing downtown neighborhoods through adaptive reuse of historic buildings. It focuses on sustainable development, technology integration, and architectural preservation. Award-winning projects like The Well in Toronto exemplify its blend of heritage and innovation. Allied has received multiple industry recognitions, including the NAIOP REX Award and BOMA Awards for building excellence. Its developments cater to creative industries, tech firms, and modern workspaces, positioning Allied as a leader in Canada’s commercial urban transformation.
6. Dream Unlimited Corp
Location: Toronto, Ontario
Dream Unlimited is a prominent Canadian real estate developer known for its mixed-use communities and social impact initiatives. The company has over $23 billion in assets across North America and Europe. Noteworthy developments include the Canary District and Zibi, both celebrated for their sustainable urban design and inclusive community building. Dream has received multiple awards, such as the Canadian Urban Institute’s Brownie Award and LEED ND Platinum certifications. Its approach emphasizes innovation, affordability, and sustainability. Through Dream Impact, the company integrates social and environmental goals into its business strategy, making it one of Canada’s most forward-thinking real estate developers.
7. Broccolini
Location: Montreal, Quebec
Broccolini is a family-owned real estate development and construction firm with over 75 years of experience. Headquartered in Montreal, with offices in Ottawa and Toronto, the company specializes in commercial, industrial, and residential projects. Broccolini is best known for developing iconic properties like the new CBC headquarters in Montreal and Amazon fulfillment centers across Canada. Their residential developments, such as Victoria sur le Parc, showcase their attention to detail, quality, and luxury. The company has received numerous accolades including the Canadian Property Management Award and Excellence in Real Estate awards. Broccolini’s integrated approach to design, build, and develop makes it a standout in Canadian real estate.
Top Real Estate Project in Canada
Here’s top real estate project in Canada including, the well, Oakridge Park, Zibi, Bayside Toronto, Mirvish+Gehry Toronto, and The One.
The Well
Location: Toronto, Ontario (2023)
Estimated Value: $1.5 billion CAD
The Well is one of Canada’s most ambitious mixed-use developments, located in downtown Toronto’s King West neighborhood. Spanning 7.8 acres, it includes over 1.2 million sq. ft. of office space, 500,000 sq. ft. of retail, and approximately 1,700 residential units. Developed by Allied Properties REIT and RioCan, The Well redefines urban living by seamlessly blending work, life, and leisure. It integrates sustainable features, extensive green space, and cutting-edge architecture. The project has received praise for its focus on community engagement, walkability, and environmental design. With LEED and WELL certifications targeted, The Well represents the future of smart, integrated city-building in Canada.
Oakridge Park
Location: Vancouver, British Columbia (Ongoing, completion expected 2026)
Estimated Value: $5 billion CAD
Developed by Westbank and QuadReal, Oakridge Park is a transformative 28-acre urban hub blending nature, culture, and modern architecture. Located at the Oakridge Transit Centre, the project includes over 2,600 residential units, nearly 1 million sq. ft. of retail, office space, a civic center, and a 10-acre rooftop park. With world-renowned architects like Herzog & de Meuron involved, Oakridge Park is designed as Vancouver’s “cultural hub of the future.” It integrates sustainable design and has received international attention for its bold vision and innovative urban planning.
Zibi
Location: Ottawa-Gatineau, Ontario/Quebec (Ongoing, completion expected 2026)
Estimated Value: $1.5 billion CAD
Zibi, developed by Dream Unlimited and Theia Partners, is a groundbreaking 34-acre mixed-use development that spans two provinces. It includes residential, commercial, and retail spaces and is the first One Planet Living-endorsed community in Canada. Located on the Ottawa River, the project reclaims former industrial lands to create a sustainable, car-light urban neighborhood. Zibi’s design emphasizes renewable energy, walkability, Indigenous collaboration, and zero-carbon goals. It’s a model for climate-conscious, inclusive development and has received multiple awards for environmental innovation and urban design.
Bayside Toronto
Location: Toronto, Ontario (Ongoing, started in 2015)
Estimated Value: $1.1 billion CAD
Bayside Toronto, led by Hines and Waterfront Toronto, is a master-planned waterfront community that redefines lakefront living. Stretching over 13 acres, it includes high-end residential condos, office buildings, and public spaces. The development prioritizes sustainability, smart technology, and public accessibility. Notable buildings like Aqualina, Aquabella, and T3 Bayside reflect high design and environmental standards. Bayside has received praise for its integration with Lake Ontario’s natural setting and its contribution to revitalizing Toronto’s Eastern Waterfront. LEED ND Gold certification is targeted across the project.
Mirvish+Gehry Toronto
Location: Toronto, Ontario (Construction began 2023)
Estimated Value: $2 billion CAD
Mirvish+Gehry Toronto is an iconic project by famed architect Frank Gehry and developer Great Gulf. The project includes two striking, twisting towers rising 84 and 74 stories, set to become landmark additions to Toronto’s skyline. Located on King Street West, it will house over 2,000 residential units, retail, office space, and an art gallery. The project honors the legacy of the Mirvish family, longtime cultural patrons in the city. Known for its sculptural design and architectural daring, the development is expected to attract international attention and define modern luxury living in Canada.
The One
Location: Toronto, Ontario (Ongoing, expected completion 2025)
Estimated Value: $2 billion CAD
The One, developed by Mizrahi Developments, is set to be Canada’s tallest building at 85 stories and 338 meters high. Located at Yonge and Bloor, the tower features luxury condos, a hotel, and flagship retail, including Apple’s Canadian flagship store. Designed by Foster + Partners, The One combines sleek structural engineering with elegance and prestige. It will redefine the luxury skyline and is engineered to meet LEED Gold standards. The skyscraper has become a symbol of architectural ambition and luxury urban living in Canada’s largest city.
Resources: aaup | PR newswire | Miami World Center | AP News | New York Post | Brookfield Properties