Peterson Real Estate

What Peterson Real Estate does

Peterson Real Estate is a privately held, family-owned Canadian real estate developer and investment group founded in 1959 by Peter Young and headquartered in Vancouver, BC. The company develops, owns, and operates a diversified portfolio spanning residential ownership, purpose-built residential rentals, commercial real estate (Class A to AAA office, retail, industrial, and medical), and hospitality properties. Its operating footprint covers British Columbia, Ontario, and Alberta in Canada, plus select US markets in Texas and Arizona through a partnership with Clarity. As of recent disclosure, Peterson's existing portfolio totals approximately 23 million square feet with an additional 16 million square feet under development across North America, and the company operates roughly 69 properties including signature assets such as Crestwood Corporate Centre in Richmond, the Fairmont Pacific Rim, Shangri-La Toronto, and the recently consolidated Mirvish Village in Toronto (nearly 900 rental units and 200,000 SF of commercial space).

Peterson operates across multiple revenue streams: one-time residential unit sales across developments including Ashleigh, Frame, Alberni by Kengo Kuma, Emerald, Bastille, Blake Village, and Mirvish Village; recurring rental income from purpose-built apartments and mixed-use properties; commercial leasing income at per-SF rates ranging from approximately $16–$18 in Richmond Class A office space to $27–$29 for downtown Vancouver and medical office product; and hospitality revenue from owned-and-operated properties (Carmana Hotel & Suites) and partnerships with Fairmont Hotels & Resorts and Shangri-La Hotels and Resorts. Through its Capital Division, Peterson also provides first and second mortgage financing of $1M to $25M+ (up to 85% LTV) via the Alberni Mortgage Fund, and runs the Runway Fund focused on public securities. The company sells and leases directly via its website and dedicated leasing teams, lists commercial product on platforms such as Spacelist.ca, and supports tenants through a digital portal. Recognitions include consecutive-year BC Top Employers and Canada's Top 100 Employers (2026) and BOMA BEST Sustainable certification across 93% of BC offices and 100% of open-air retail properties.

The business model is best characterized as an integrated, vertically oriented real estate operator that combines development, long-term ownership, and in-house property management. There are no proprietary technology platforms disclosed, and AI/ML plays no meaningful role in the product offering. Customer concentration is moderate, anchored by flagship hospitality brand partnerships and large commercial tenants but offset by a broad residential and small-commercial tenant base. The leadership team remains family-led (founder Peter Young; his son Ben Young; VP Corporate Relations Jane Young; SVP Residential Barrett Sprowson; CEO Raymond Choy per company materials), and Peterson operates several wholly owned legal entities including Peterson Group Properties (Canada) Inc., Peterson Marketing Inc., and Peterson Commercial Property Management Group Inc.

Name

Peterson Real Estate

Legal name

Peterson Group Properties (Canada) Inc.

Website

https://petersonbc.com

Company type

Private

Founded year

1959

Operating status

Operating

Headcount range

251–500 employees

Short description

Peterson Real Estate is a Vancouver-based, family-owned Canadian real estate developer founded in 1959 that develops, owns, and operates diversified residential, commercial, and hospitality properties across Canada and select US markets, with a Capital Division offering mortgage and alternative investment funds.

Ownership category

akta.pro rank

Product category

Real Estate Development and Property Management

NAICS

Portfolio Management and Investment Advice (523940), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523), Other Investment Pools and Funds (5259), Other Financial Investment Activities (5239)

SIC

Real Estate Dealers (For Their Own Account) (6532), Real Estate Agents & Managers (For Others) (6531), Operators Of Nonresidential Buildings (6512), Mortgage Bankers & Loan Correspondents (6162), Investment Advice (6282)

akta.pro primary industry

Real Estate Portfolio & Fund Management (Institutional/REIT/PE) (BPAJAMAJ)

akta.pro secondary industries

Hospitality (Hotels & Resorts) Asset Management (BPAJAMAE), Debt & Structured Finance / Mortgage Brokerage (BPAJABAK), Commercial Real Estate Brokerage (Leasing & Sales) (FSAEAJAB)

Keywords

• Real estate development
• Commercial property leasing
• Residential property sales
• Hospitality management
• Real estate investment

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Supply Chain

Revenue model

1. Residential Property Sales: One-time sale of residential units including condos, townhomes, and duplexes. Revenue realized at property closing. The company has over 65 years of experience in residential development with projects across the Vancouver metro area.
2. Residential Rental Income: Recurring rental revenue from purpose-built rental properties including apartments and mixed-use developments. Properties are owned and managed by Peterson with consistent service standards and amenities.
3. Commercial Leasing: Revenue from office, retail, and industrial property leasing. Properties include Class A to AAA office buildings, retail spaces, shopping centers, and mixed-use developments across Canada and select US markets.
4. Hospitality Management: Revenue from hotel operations including the Carmana Hotel & Suites (owned and operated) and partnerships with Fairmont Pacific Rim and Shangri-La Toronto. The company collaborates with global hospitality brands to deliver guest experiences.
5. Mortgage Lending: First and second mortgage financing solutions provided across Greater Vancouver Area and select B.C. and Ontario markets. Loans range from $1M to $25M+ with loan-to-value ratios up to 85%. The Alberni Mortgage Fund provides investors access to mortgage-backed real estate investments.
6. Alternative Investments: Runway Fund focuses on public securities including quality businesses at attractive valuations. The fund employs fundamental research with a margin of safety approach and concentrated portfolio strategy.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels7 records

Core offering

Peterson develops, owns, and operates a diversified real estate portfolio spanning residential ownership, purpose-built residential rentals, commercial office/retail/industrial properties, and hospitality assets across Canada and select US markets. The company also runs a Capital Division offering mortgage lending through the Alberni Mortgage Fund and alternative investments via the Runway Fund, with operations covering approximately 23 million square feet of existing portfolio and 16 million square feet under development.

Product overview

Peterson is a Canadian real estate developer and investment group offering a diversified portfolio of residential (ownership and rental), commercial (office, retail, industrial), and hospitality properties across North America. Their residential offerings include ownership homes (condos, townhomes, duplexes) through developments like Ashleigh, Frame, Alberni by Kengo Kuma, Emerald, and Bastille, as well as purpose-built rental properties including Mirvish Village, Revolve, and Langara Gardens. Their commercial division manages office buildings (Crestwood Corporate Centre, 1166 Alberni Street), retail spaces, and medical buildings across Canada. The hospitality portfolio includes partnerships with Fairmont and Shangri-La brands plus the boutique Carmana Hotel. Their Capital Division offers the Alberni Mortgage Fund for real estate-backed lending and the Runway Fund for public securities investment. The company operates over 23 million square feet of portfolio space with an additional 16 million square feet under development.

Differentiator

Problem solved

Functional benefit

Products and services

• Residential Ownership Homes Homeownership opportunities including condos, townhomes, and duplexes across Greater Vancouver and select Canadian markets. Properties range from entry-level to luxury segments for first-time buyers, move-up buyers, and families.
• Residential Rentals Purpose-built rental homes including apartments, townhomes, and mixed-use developments across Vancouver, Toronto, Victoria, and Kelowna, managed directly by Peterson with hospitality-inspired service standards.
• Commercial Leasing Office, retail, and industrial commercial properties for lease across Canada, including Class A to AAA office buildings, retail shopping centers, mixed-use developments, and medical office buildings managed by Peterson.
• Hospitality Properties Hotel ownership and management through partnerships with global brands including Fairmont Hotels & Resorts and Shangri-La Hotels and Resorts, plus boutique hotel operations through Carmana Hotel & Suites.
• Alberni Mortgage Fund Limited Partnership providing investors access to mortgage opportunities backed by Canadian real estate. Loans range from $1M to $25M+ with loan-to-value ratios up to 85% across Greater Vancouver Area and select B.C. and Ontario markets.
• Runway Fund Runway Value Management Limited Partnership focused on public securities, specifically quality businesses at attractive valuations and special situations trading below intrinsic value, using fundamental research with a concentrated portfolio approach.
• Mirvish Village Major mixed-use development in Toronto at former Honest Ed's site featuring nearly 900 residential rental units, 200,000 square feet of commercial space including grocery store, LCBO, Toronto School of Management, and The Kitchen food hall.
• Ashleigh A boutique concrete residential community in Oakridge, Vancouver with 1, 2, and 3-bedroom homes balancing calm living with city connection.
• Frame A collection of move-in ready 1, 2, and 3-bedroom concrete homes in East Vancouver's Kingsway Corridor, featuring smart layouts and elevated finishes.
• Alberni by Kengo Kuma Japanese architect Kengo Kuma-designed artistic residential form containing 1, 2, 3, and 4-bedroom homes in Coal Harbour, Vancouver.
• Emerald 1, 2, 3, and 4-bedroom homes at the foot of the Lions Gate Bridge in Lions Gate Village, North Vancouver, set within nature and ready to move into.
• Bastille Move-in-ready studio, 1, 2, and 3-bedroom homes bringing contemporary design to Coquitlam's historic Maillardville neighbourhood.
• Blake Village New urban village masterplan in Burnaby Lake with homes, parks, commercial spaces, and amenities currently in development.
• Revolve Studio, 1, 2, and 3-bedroom rental homes in Kensington-Cedar Cottage, Vancouver with co-work space, fitness centre, rooftop garden plots, and outdoor dining at Kingsway and Glen.

Named customers5 records

Segments5 records

Ideal customer profiles5 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, flagship and core.

• WestbankmajorStrategic or Co-development PartnerWestbank was the original development partner for Mirvish Village. Peterson first invested as a partner approximately 10 years ago and subsequently took over full ownership of the project in 2025. Westbank has been a long-standing development partner on several major projects including Shangri-La Vancouver and Toronto.
• Fairmont Hotels & ResortsflagshipStrategic or Co-development PartnerFairmont Pacific Rim is operated under the Fairmont brand. Peterson owns the property while Fairmont provides hospitality management, brand standards, and global distribution through their reservation system and loyalty program.
• Shangri-La Hotels and ResortsflagshipStrategic or Co-development PartnerPeterson partnered with Shangri-La to develop Shangri-La Toronto and Shangri-La Vancouver. Shangri-La provides global hospitality brand standards and operational excellence while Peterson provides development and ownership.
• MontezcoreStrategic or Co-development PartnerPartnership for Londonderry Mall in Edmonton, Alberta. The partnership brings together Peterson's property development expertise with Montez's retail management capabilities.
• Premise PropertiescoreStrategic or Co-development PartnerPartnership for Portage Place in Winnipeg, Manitoba. Collaborative relationship for managing this mixed-use shopping center development.
• ClaritycoreStrategic or Co-development PartnerPartnership for Dallas properties including Campbell Centre 1 & 2 and Ross Tower. Clarity provides local market expertise and operational support for US market investments.

Scale indicators13 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Westbank Corp: Westbank is Vancouver's leading luxury residential and mixed-use developer and Peterson's longtime co-development partner on Shangri-La Vancouver, Shangri-La Toronto, and originally Mirvish Village. Highly comparable in design-led, high-end development approach and geographic focus.
• Onni Group: Onni is a major Vancouver-based diversified real estate developer with residential rental, commercial, and office holdings across BC, Toronto, and the US West Coast. Closely comparable business model and geographic footprint to Peterson.
• Concord Pacific: Concord Pacific is Canada's largest master-planned community developer, with high-rise residential and mixed-use projects across Vancouver, Toronto, and other Canadian cities. Directly comparable in large-scale residential development and Canadian market focus.
• Bosa Properties: Bosa is a family-owned Vancouver developer of residential condos and rental apartments across BC, Toronto, and select US markets. Closely comparable in family-controlled operating model and residential development focus.
• Morguard Corporation: Morguard is a Canadian real estate company that owns, manages, and invests in office, retail, industrial, and multifamily properties across Canada and the US. Comparable diversified owner-operator model with both development and income-producing assets.

Broad incumbents

• Brookfield Property Group: Brookfield is one of the world's largest real estate operators and investors, with significant Canadian office, retail, and multifamily exposure. Comparable as a large-scale diversified owner-operator, though at much greater scale and with global institutional capital.
• Cadillac Fairview: Cadillac Fairview is a major Canadian commercial real estate owner-operator of office, retail, and mixed-use properties. Comparable for the commercial office and retail portfolio overlap, though primarily an institutional investor rather than developer.
• QuadReal Property Group: QuadReal is a BC-based global real estate investment manager owned by British Columbia Investment Management Corporation. Comparable in geographic base and diversified real estate asset management, though institutional in scale and structure.
• RioCan REIT: RioCan is one of Canada's largest REITs, focused on retail and mixed-use properties with significant Ontario and Quebec exposure. Comparable for retail and mixed-use portfolio overlap, though structured as a publicly-traded REIT rather than a private developer.
• First Capital REIT: First Capital owns and operates grocery-anchored and mixed-use urban real estate across Canada. Comparable for urban mixed-use development strategy, particularly aligned with Peterson's Mirvish Village retail and Langara Gardens format.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xinstagram.com/petersonrealestate
• YouTubeyoutube.com/@petersonchannel
• Facebookfacebook.com/PetersonRealEstatebc
• LinkedInlinkedin.com/company/petersonbc
• Instagraminstagram.com/petersonrealestate

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

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 Peterson Real Estate