What Capital Developments does

Capital Developments (legal entity: CD Capital Partners Ltd.) is a privately held Canadian residential real estate developer founded in 2007 by Todd Cowan and Jordan Dermer and headquartered at 45 St. Clair Avenue W, Toronto. Both founders previously held senior roles at TriGranit Development Corporation across 12 Central and Eastern European markets, an operating background the company still cites as part of its governance and underwriting discipline. Capital Developments builds and sells high-rise condominiums, purpose-built rentals, and mixed-use projects in transit-AAA locations across the Greater Toronto Area (with one delivered project in Montreal), and has completed more than 25 projects totaling over 13 million square feet since inception.\n\nThe company runs two integrated lines of business. The direct development arm underwrites, builds, and sells pre-construction and completed condominium units to individual buyers and investors through project sales centres, an in-house sales team, and a real-estate broker network. The Development Management Services Group (DMS) provides end-to-end advisory to institutional clients — from site diligence and feasibility through municipal entitlements, branding and marketing, construction oversight, and customer care — generating professional-services fees. Capital Developments co-invests equity into its projects alongside institutional capital partners, including RioCan, Hazelview, Metropia, Wittington Properties, iA Financial Group, RBC, National Bank, Choice Properties, Otera Capital, Westdale, and TrolleyBus.\n\nPricing on the consumer side is not publicly disclosed and is determined by suite size, floor level, and market conditions at the time of purchase. Major active or forthcoming projects include 8 Elm on Yonge (69 storeys, 821 units, 550,000 SF; sales underway, completion 2026), 111 Peter (52 storeys, 852 units, 649,000 SF; managed for iA Financial Group; completion 2031), Bloor & Dufferin (2,162-unit, ~1.8M SF master-planned community; with Hazelview and Metropia), St. Clair Place (1,360 units, ~1.36M SF; with Wittington Properties), Park Road (28 storeys, 303 units), and Olive Residences (31 storeys, 379 units; LEED Gold targeted, National Bank green loan).

Name

Capital Developments

Legal name

CD Capital Partners Ltd.

Website

https://capitaldevelopments.com

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

11–50 employees

Short description

Capital Developments is a Toronto-based private residential developer that builds and sells high-rise condominiums and purpose-built rentals in transit-oriented GTA locations, and provides development management services to institutional clients including Wittington Properties, iA Financial Group, RioCan, Hazelview, Metropia, and major Canadian banks.

Ownership category

akta.pro rank

Product category

Residential Real Estate Development

NAICS

New Housing For-Sale Builders (236117), Residential Building Construction (23611)

SIC

Operative Builders (1531), Real Estate Agents & Managers (For Others) (6531), Real Estate Dealers (For Their Own Account) (6532)

akta.pro primary industry

Real Estate Development Asset Management (Project/Construction-to-Stabilization) (BPAJAMAL)

akta.pro secondary industry

Real Estate Funds — Opportunistic / Development (FSANAEAI)

Keywords

• Residential real estate development
• High-rise condominiums
• Development management services
• Purpose-built rental buildings
• Pre-construction condo sales

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales

Revenue model

1. Condo Sales: Revenue generated from the sale of pre-construction and completed condominium units to individual buyers and investors.
2. Development Management Services: Fees for providing comprehensive development management and advisory services to third-party clients, covering everything from pre-feasibility to sales, construction oversight, and customer care.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Capital Developments is a Toronto-based residential real estate developer that builds, markets, and sells high-rise condominium and purpose-built rental projects in prime transit-oriented locations in the Greater Toronto Area and Montreal. Through its Development Management Services Group, the firm also provides end-to-end advisory and project oversight — covering site diligence, feasibility, municipal entitlements, branding/marketing, construction oversight, sales, and post-completion customer care — to institutional clients including landowners, financial institutions, and major real estate investors.

Product overview

Capital Developments is a Canadian residential real estate developer that builds high-quality condos and rental properties in prime transit-oriented locations in Toronto and Montreal. The company operates through two main offerings: its core Development Management Services Group, which provides end-to-end development management and advisory services from pre-feasibility through sales and construction oversight for institutional clients; and a portfolio of branded residential projects including condominiums (8 Elm on Yonge, Park Road, Olive Residences, 11YV, Azura, E2 Condos, 170 Roehampton, 399 Yonge, 2131 Yonge Street, 90 Isabella, 88 Isabella, 150/155 Redpath, Ma Condos), mixed-use developments (West Block, St. Clair Place, Bloor & Dufferin), and purpose-built rentals (111 Peter). The company also handles customer care and warranty resolution services for delivered projects.

Differentiator

Problem solved

Functional benefit

Products and services

• Development Management Services Capital Developments Services Group provides comprehensive development management services covering pre-feasibility, site diligence, municipal entitlements, branding and marketing, sales, construction oversight, and dedicated customer care for institutional clients and select third-party projects.
• Olive Residences A 31-storey, 379-unit residential condominium building at Yonge & Finch in North York with 245,000 SF and 11,000 SF of indoor and outdoor amenity spaces. Sustainable project aiming for LEED Gold certification.
• 8 Elm on Yonge A 69-storey residential tower at Yonge and Dundas with 821 units (550,000 SF), designed by Acardis. Features collaboration with Simu Liu and offers views of downtown Toronto.
• Park Road A 28-storey flatiron-style condominium in Yorkville, designed by DiamondSchmitt. Features 303 units (160,000 SF) with distinctive architecture overlooking the Rosedale Ravine.
• 111 Peter A 52-storey purpose-built rental building with 852 units (649,000 SF GFA) in the Entertainment District, managed on behalf of iA Financial Group. Designed by WZMH Architects.
• 11YV (11 Yorkville) A 65-storey tower on Yorkville Avenue with 700 units and approximately 550,000 SF. Features 25,000 SF of street-level retail space, designed by Sweeney & Co Architects. The project is fully occupied.
• Azura Condominiums A 32-storey, 358-unit residential building at Yonge & Finch in North York with approximately 265,000 SF. Completed in 2022.
• E2 Condos A 46-storey modern condo tower at Yonge & Eglinton with 440 units (350,000 SF). Designed by TACT Architects with direct indoor access to TTC and Yonge-Eglinton Centre.
• 88 Isabella A 62-storey modernist-inspired tower with 821 units and 490,000 SF at Isabella & Church in the heart of Toronto.
• 90 Isabella A 69-storey tower at Isabella and Church with 837 units and 570,000 SF, featuring complete restoration and retention of Toronto's heritage below with future development above.
• 170 Roehampton A 50-storey residential tower at Roehampton and Redpath with 600 units and 417,000 SF. Designed by Sweeney & Co Architects Inc. with refined materials and classic design.
• 399 Yonge A 75-storey tower at Yonge & Gerrard with 828 units and 450,000 SF. Designed by Teeple Architects, creating a prominent corner development.
• 2131 Yonge Street A 27-storey, 624-unit residential tower with 549,000 SF, delivered in collaboration with the late Karl Lagerfeld, featuring stunning design and Class A retail.
• 150 Redpath A 38-storey tower with 573 units and 387,000 SF at Yonge & Eglinton. One of two twin towers with colourful Mondrian-esque design and iconic public art.
• 155 Redpath A 36-storey tower with 452 units and 315,000 SF at Yonge & Eglinton. One of two twin towers with colourful Mondrian-esque design. Completed in 2017.
• 41 Hendon A residential condominium project at Yonge & Finch, designed by Arcadis, with an estimated completion date of 2030.
• West Block A mixed-use development on behalf of Wittington Properties Limited featuring heritage restoration, Class A office space, a flagship Loblaws, and public space under the Gardiner Expressway. Completed in 2020 with approximately 250,000 SF.
• St. Clair Place A node-defining mixed-use redevelopment at Yonge & St. Clair on behalf of Wittington Properties. Features four towers (13, 27, 39 & 44 storeys) with 1,360 units and 1,360,000 SF of retail and office space.
• Bloor & Dufferin A TTC-connected mixed-use community with on-site parkland, daycare, community centre, and affordable housing. Features 19-32 storeys with 2,162 units and approximately 1,800,000 SF.
• St. Clair Centre A retail and lobby revitalization project at Yonge & St. Clair featuring a flagship Loblaws, managed on behalf of Wittington Properties Limited. Completed in 2018 with 79,000 SF.
• Ma Condos A residential project in Montreal's The Triangle district with 156 units and approximately 150,000 SF. Designed by IBI Group, completed in 2015.

Named customers4 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Six partnerships are on record, tiered major and core.

• Wittington PropertiesmajorStrategic or Co-development PartnerLong-term strategic partner for multiple major projects including West Block heritage restoration, St. Clair Place redevelopment, and St. Clair Centre revitalization. Capital Developments serves as development manager for extensive Yonge and St. Clair projects.
• HazelviewmajorStrategic or Co-development PartnerMajor real estate developer and investor. Partner on Bloor & Dufferin project alongside Metropia, with Capital Developments having led rezoning.
• MetropiacoreStrategic or Co-development PartnerUrban communities developer. Co-development partner on Bloor & Dufferin mixed-use community project.
• iA Financial GroupmajorStrategic or Co-development PartnerMajor Canadian insurance and financial services company. Engaged Capital Developments as development manager for 111 Peter Street - a 52-storey purpose-built rental building conversion project.
• WestdalecoreStrategic or Co-development PartnerReal estate investment and development company, listed partner for Capital Developments projects.
• TrolleyBuscoreStrategic or Co-development PartnerUrban development company focused on sustainable communities, listed as project partner.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Tridel: Canada's largest condominium developer, headquartered in Toronto with a 90+ year track record of high-rise residential projects in the GTA — directly comparable to Capital Developments' condo-led model, transit-oriented AAA focus, and similar product type. Capital Developments' VP Construction Michael Zeljkovic was a Senior Project Manager at Tridel.
• Menkes Developments: Major family-owned Toronto developer of high-rise residential condominiums, rental, and mixed-use communities across the GTA — directly comparable in product type, target buyer, and geography, with substantial project count and JV partnerships with institutional investors.
• Great Gulf: Toronto-based developer of high-rise residential and mixed-use projects including One Bloor East and Frank Gehry's first residential tower in Canada — directly comparable to Capital Developments' high-rise Toronto condo focus. Capital Developments' EVP Geoff Matthews co-led high-rise development at Great Gulf before joining.
• CentreCourt Developments: Toronto-based high-rise residential developer focused on transit-oriented condominium towers in the GTA — directly comparable product line and location strategy to Capital Developments. Capital Developments employee Mansi Mehta previously worked at CentreCourt.
• Pinnacle International: Vancouver/Toronto-based developer of master-planned high-rise residential and mixed-use communities — comparable in product (large-scale condo and mixed-use), institutional JV model, and transit-oriented premium positioning.
• Pemberton Group: Toronto-based residential and commercial developer of high-rise condominium communities — directly comparable in product type and GTA focus. Capital Developments Project Manager Justin Jin previously worked as Senior Design Development Manager at Pemberton's construction division.
• Cresford Developments: Toronto-based luxury high-rise residential developer with marquee projects including 33 Yorkville and Casa — directly comparable GTA luxury condo focus. Capital Developments SVP Joy Wang was previously VP Marketing and Sales at Cresford.
• Liberty Development: Toronto-based residential developer building high-rise condominium communities in the GTA — directly comparable product and market. Multiple Capital Developments staff previously held roles at Liberty Development.
• Daniels Corporation: Toronto-based residential developer active across the GTA in condominium and master-planned community development — directly comparable in product mix and transit-oriented GTA strategy.
• Tribute Communities: Toronto-area residential developer active in low-rise and high-rise communities across the GTA — comparable as a GTA residential developer with similar project types and partnership model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/cddevelopments

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Capital Developments