What Cressey Development Group does

Cressey Development Group is a Vancouver-based private real estate developer founded in 1969 that builds, sells, and manages residential condominiums, purpose-built rental housing, and commercial strata properties primarily across Metro Vancouver and, as of 2025, into Kelowna. The company's core products are organized into three lines: Homes to Own (presale and completed strata condominiums and single-family homes), Homes to Rent (six purpose-built concrete rental buildings totaling approximately 826 units, including Century, Everlea, and Wilkinson), and Commercial Properties (retail and Class A office strata spaces in mixed-use developments such as Kings Crossing, Diagram, Format, and Caban). The firm operates an integrated development, construction, and property management platform, using concrete construction methods as a standard and applying a trademarked CresseyKitchen design system across its residential portfolio. Its customer base consists of individual condo buyers, renters, and commercial owner-occupiers, with recurring rental income now supplementing the lumpy revenue from project sell-outs.

Cressey generates revenue through three streams: one-time residential property sales, one-time commercial strata sales, and a growing base of recurring rental income from its held purpose-built portfolio. Distribution is multi-channel: residential sales are conducted through on-site sales centers and model homes, commercial strata is listed through CBRE and Venture Commercial brokerage partnerships, and rentals are marketed via project-specific websites. Recent strategic activity (2019-2025) has emphasized building out the recurring rental portfolio and expanding geographically into Kelowna, while maintaining the founder-controlled, privately held ownership structure with no external institutional investors, no M&A activity, and no disclosed leadership transitions over the 55-year history.

Name

Cressey Development Group

Legal name

Cressey Development Group

Website

https://cressey.com

Company type

Private

Founded year

1969

Operating status

Operating

Headcount range

51–100 employees

Short description

Cressey Development Group is a Vancouver-based private real estate developer founded in 1969 that builds and manages residential condominiums, purpose-built rental housing, and commercial strata properties across Metro Vancouver and Kelowna, serving individual home buyers, renters, and commercial owner-occupiers.

Ownership category

akta.pro rank

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

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

Revenue model

1. Residential Property Sales: Revenue generated from the sale of presale and completed residential condominiums and homes. Properties include presale condos, completed condos, and single-family homes across Metro Vancouver.
2. Commercial Property Sales: Revenue from the sale of retail and office strata spaces in commercial developments such as Caban (Kelowna), Format (Vancouver), Diagram (Coquitlam), and Kings Crossing (Burnaby).
3. Purpose-Built Rental Income: Ongoing rental income from purpose-built rental buildings including Century (283 homes), Victor (75 homes), Everlea (201 homes), Wilkinson (104 homes), Conrad (115 homes), and Mercer (48 homes).

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Cressey Development Group develops, constructs, and manages residential condominiums, single-family homes, purpose-built rental apartments, and commercial strata/office spaces across Metro Vancouver and British Columbia. The firm operates an integrated development, construction, and property management platform delivering concrete-constructed buildings under the signature CresseyKitchen design standard. Revenue is generated through one-time unit sales (residential ownership and commercial strata) and recurring rental income from purpose-built rental buildings.

Product overview

Cressey Development Group offers a diversified portfolio of real estate products across the Greater Vancouver region. The company's offerings are organized into three core categories: (1) Homes to Own - ownership condominiums and single-family homes featuring the signature CresseyKitchen design with quartz countertops and integrated appliances; (2) Homes to Rent - purpose-built rental apartments and townhomes with concrete construction, spa-inspired finishes, and extensive amenity spaces; and (3) Commercial Properties - retail strata opportunities and Class A office spaces for business ownership. The portfolio includes notable projects such as Kings Crossing (793-unit master-planned community in Burnaby), Century (283-unit rental development in North Vancouver), and various commercial projects including Caban in Kelowna, Diagram in Coquitlam, and Format in Vancouver. With over 55 years of experience, the company has built more than 27,000 homes across residential, commercial, and mixed-use developments.

Differentiator

Problem solved

Functional benefit

Brands

• CresseyKitchen: Signature kitchen design featuring functional walk-through layout, integrated appliances, and ample storage, found in Cressey residential properties.
• The Cressey Difference

Products and services

• Homes to Own (Residential Ownership Portfolio) Residential condominium, townhome, and single-family home ownership product line for individual buyers across Greater Vancouver. Each unit features the signature CresseyKitchen, modern finishes, and is delivered through Cressey's presale or completed sales process.
• Homes to Rent (Purpose-Built Rental Portfolio) Purpose-built rental apartments and townhomes in Metro Vancouver with concrete construction, condo-level finishes, air-conditioning, spa-inspired bathrooms, and amenity spaces such as fitness centers, rooftop lounges, and pet-friendly features. Targeted at renters seeking modern, amenity-rich housing.
• Commercial Properties Retail strata ownership opportunities and Class A office spaces designed for businesses to own or lease within Cressey's mixed-use developments. Includes grocery-anchored retail, office towers, and ground-floor retail components.
• Kings Crossing Residential (Burnaby) 793-unit master-planned residential community in Burnaby across three towers, featuring an indoor basketball court, state-of-the-art fitness center, and social lounges. Completed in 2019.
• Century (North Vancouver Rental) 283 modern concrete rental apartments and townhomes in Central Lonsdale, North Vancouver, featuring over 16,000 sq ft of amenities, an onsite half-acre park, and the Century Club tenant access program. Completed in 2024.
• Victor (North Vancouver Rental) Pet-friendly Studio, 1, 2, and 3-bedroom rental homes in Lower Lonsdale, North Vancouver, featuring concrete construction, spa-inspired bathrooms, and outdoor spaces. 75 homes completed in 2023.
• Everlea (Coquitlam Rental) 201 purpose-built rental homes in Coquitlam with efficient layouts, high-end finishes, and a Sky-High Social & Wellness Club on Level 22 offering 360-degree views. Completed in 2021.
• Conrad (East Vancouver Rental) 115 family-friendly rental homes near Trout Lake in East Vancouver, featuring fitness room, social lounge, EV charging, and a secured courtyard play area. Completed in 2020.
• Wilkinson (Vancouver Olympic Village Rental) 104 Studio, 1, 2, and 3-bedroom rental apartments on Vancouver's Olympic Village, featuring concrete construction, condo-level finishes, a rooftop lounge, and fitness centre. Completed in 2021.
• Mercer (Vancouver Commercial Drive Rental) 48 light-filled one to two-bedroom plus den rental homes on Commercial Street in Vancouver, featuring private gardens and a landscaped central courtyard. Completed in 2015.
• Caban (Kelowna Mixed-Use Commercial) Mixed-use commercial and residential development in Kelowna at Gyro Beach on Okanagan Lake, featuring eight retail ownership opportunities ranging from 700–6,595 sq ft. Completed in 2025.
• Diagram (Coquitlam Class A Office) Class A office and retail spaces in a 15-storey office tower on Coquitlam Centre's Glen Drive, designed by Rositch Hemphill Architects. Offers 58,000 sq ft of flexible spaces with a communal rooftop patio and end-of-trip facilities. Completed in 2025.
• Format (Vancouver Commercial Office) Modern commercial office spaces in Vancouver's Kensington-Cedar Cottage neighborhood offering dynamic office units ranging from 850–2,170 sq ft, with a dedicated passenger elevator and abundant underground parking.
• Kings Crossing Commercial (Burnaby Mixed-Use Retail/Office) Mixed-use commercial component at Kings Crossing in Burnaby, featuring 70,000 sq ft of grocery-anchored retail and modern office space. Fully leased and completed in 2019.
• Arbutus Ridge (Vancouver West Side Mixed-Use) Low-rise concrete mixed-use development in Vancouver's West Side with a City Market grocery store anchoring the ground floor, sweeping city views, and 48 boutique homes. Completed in 2015.

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Three partnerships are on record, tiered core.

• CBREcoreChannel Partner/ Reseller/ DistributorCBRE serves as the listing broker for Cressey's commercial real estate projects including Kings Crossing, Diagram, and Format. CBRE brokers Adrian Beruschi and Luke Gibson handle commercial property sales for these developments.
• Venture CommercialcoreChannel Partner/ Reseller/ DistributorVenture Commercial real estate agents including Noel Acres, Chris Wills, and Lee Levering represent buyers for the Caban commercial development in Kelowna, BC.
• City MarketcoreStrategic or Co-development PartnerCity Market (a full-sized grocery store) anchors the ground floor of Arbutus Ridge development, bringing everyday convenience to residents and serving as an anchor tenant for the retail component.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Polygon Homes: One of BC's largest residential homebuilders with a similar multi-family condominium focus in Metro Vancouver. Directly comparable scale, geography, and product offering to Cressey's for-sale portfolio.
• Concord Pacific: Vancouver-based master-planned community developer (False Creek, Concord Brentwood) with a comparable mix of for-sale condos, commercial strata, and large mixed-use projects across Metro Vancouver.
• Bosa Properties: BC-based residential and mixed-use developer building high-rise condos and master-planned communities across Metro Vancouver and select US markets. Similar mixed-use for-sale and rental strategy.
• Onni Group: Vancouver-rooted developer of for-sale condos, purpose-built rentals, and commercial properties across Metro Vancouver. Closest analog to Cressey's vertical, product-line, and geographic profile.
• Westbank Corp: Vancouver-based developer of luxury for-sale condos, rental, office, and cultural mixed-use projects. Comparable premium positioning and architectural design-led approach to Cressey.
• Intracorp Homes: BC-based residential developer focused on boutique mid- and high-rise for-sale condos in Metro Vancouver. Overlaps with Cressey on condominium product and geography.

Broad incumbents

• Mattamy Homes: Canada's largest privately held homebuilder operating across Ontario, Alberta, and select US markets. Comparable as a large-scale residential builder but with much broader geographic diversification than Cressey.
• Tridel: Toronto-based established condominium developer with a long track record (similar 80+ year history) of high-rise for-sale condos. Comparable in scale and tenure but concentrated in the GTA rather than Vancouver.
• QuadReal Property Group: Large Canadian real estate investor/developer with significant residential rental and mixed-use exposure. Comparable on purpose-built rental scale and BC institutional ownership of similar assets.

Regional players

• Wesgroup Properties: BC-based diversified real estate company developing mixed-use rental, for-sale condos, and commercial properties across Metro Vancouver. Closest direct regional peer to Cressey's full product stack.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/CresseyGroup
• Facebookfacebook.com/CresseyGroup
• LinkedInlinkedin.com/company/cressey-development-corporation
• Instagraminstagram.com/cresseygroup/?hl=en

Revenue estimate

Valuation estimate

Number of profiles

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 Cressey Development Group