What CentreCourt does

CentreCourt Developments is a privately held Toronto-based real estate developer founded in 2010 by Andrew Hoffman (former COO of Menkes Developments) that specializes in high-rise residential condominium projects across the Greater Toronto Area (GTA). Since inception, the company has delivered or has under construction 24 towers and more than 12,500 homes, reaching $1B+ in cumulative development value, and claims zero project cancellations with all projects delivered on time. The company is led by founder/CEO Andrew Hoffman alongside President Shamez Virani (appointed 2016) and operates with 101-250 employees from its Toronto headquarters at 134 Peter Street, supplemented by project sales centres including one at Pickering City Centre.

CentreCourt's product portfolio spans pre-construction condominium towers marketed to individual buyers (first-time, move-up, downsizers, and investors), purpose-built rental projects developed through joint ventures, and a large master-planned community at Pickering City Centre (55+ acres, 6,000+ planned residences across 10+ towers). The company runs a sales-led go-to-market model with dedicated sales centres, broker launch events, and marketing campaigns designed to drive sell-out velocity — evidenced by Transit City selling 1,100 units in two weeks. Notable co-development and capital partners include Dream Unlimited Corp., SmartCentres/SmartREIT, Lifetime Developments, and Arkfield, as well as Tier 1 financial institutions and unnamed institutional equity providers who participated in a $406M equity raise.

Revenue is generated primarily through one-time condominium unit sales as projects close, supplemented by joint-venture economics on rental and mixed-use developments. The company maintains BILD Trusted Builder/Developer status and has been recognized with awards including STOREYS' Ontario Real Estate Project of the Year (2023), Tarion Homeowner's Choice Awards finalist (2020), and EY Entrepreneur of the Year finalist (2015) for its founder. Geographic operations are entirely domestic within the GTA, with no international footprint, and the company's forward pipeline includes multiple Downtown Toronto towers in zoning (5-9 Jopling, 119 Church, 295 Jarvis, 543 Yonge, 5359 Dundas) plus the Arkfield-acquired North York site.

Name

CentreCourt

Legal name

CentreCourt Developments

Website

https://centrecourt.com

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

51–100 employees

Short description

CentreCourt is a private Toronto-based high-rise residential real estate developer, founded in 2010, that has delivered or has underway 24 towers and 12,500+ homes across the Greater Toronto Area, serving individual condominium buyers and, more recently, purpose-built rental tenants via joint ventures.

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), Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro primary industry

Residential General Contracting (New Build) (IMAFAAAB)

Keywords

• High-rise development
• Residential construction
• Condominium development
• Real estate development
• Purpose-built rental

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Supply Chain, Personnel, Operations, Marketing or Sales

Revenue model

1. Condominium Sales: CentreCourt generates revenue through the sale of pre-construction and completed condominium units. The company develops high-rise residential projects across the GTA and sells units to individual buyers, with projects typically selling out prior to or during construction.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

CentreCourt is a Toronto-based real estate developer that plans, builds, and sells high-rise residential condominium projects across the Greater Toronto Area. Since 2010, the company has delivered or has under construction 24 towers comprising more than 12,500 homes, with a portfolio spanning completed condos, new condo releases, master-planned mixed-use communities, and purpose-built rental developments executed through joint ventures.

Product overview

CentreCourt Developments is a Toronto-based real estate developer specializing in high-rise residential condominium projects across the Greater Toronto Area (GTA). Since 2010, the company has delivered or has underway 24 towers with more than 12,500+ homes. The company's product portfolio spans completed condominium towers (including INDX, Karma, Peter Street, Core, Grid, 411 Church, ZEN King West, Transit City phases, Prime, 55 Mercer, 8 Wellesley, 199 Church, The Forest Hill, and WestLine), current new releases (Pickering City Centre Towers 1 & 2, Kipling Station), and numerous projects in various development stages (zoning, land development). CentreCourt also develops purpose-built rental communities through joint ventures, such as the 49 Ontario project with Dream Unlimited Corp. The company positions projects near transit infrastructure and has partnered with institutional investors and co-developers on large-scale mixed-use developments. Note: As a real estate developer rather than a technology company, CentreCourt does not offer SaaS products, APIs, or AI-powered features—its 'products' are physical real estate developments.

Differentiator

Problem solved

Functional benefit

Products and services

• Pickering City Centre A 55+ acre mixed-use master-planned community in Pickering's emerging downtown core featuring over 6,000 residences across 10+ mixed-use towers, a revitalized Pickering Town Centre Mall, and Pickering City Hall, intended to create a new urban centre with residential, retail, and commercial uses connected by tree-lined streets and pedestrian walkways.
• Pickering City Centre Towers 1 & 2 Two new condo towers at Pickering City Centre with 974 total units, currently under construction directly off Highway 401 at Pickering's downtown core, featuring co-work spaces, fitness centre, pool, party room, and outdoor amenities.
• Kipling Station 50-storey high-rise residential project located at Dundas St W / Kipling in Etobicoke, positioned near transit for commuters and under construction as of 2023.
• 8 Wellesley 55-storey residential tower at Yonge / Wellesley Streets featuring 600 units, located at the northwest corner of Yonge and Wellesley in downtown Toronto.
• 252 Church 52-storey tower at Church / Dundas Streets in Downtown East Toronto, positioned for the tech community and part of CentreCourt's Downtown East portfolio.
• Prime 46-storey residential tower at Jarvis & Gerrard Streets in the Downtown East area of Toronto.
• 55 Mercer 47-storey tower at Blue Jays Way / Mercer in Toronto's entertainment district, marketed to career-minded millennials.
• 199 Church 39-storey tower at Church / Dundas Streets in Downtown East Toronto, launched with an innovative drive-in event format.
• The Forest Hill 17-storey residential building at Bathurst / Eglinton with direct LRT access, offering a suburban lifestyle in an established Toronto neighbourhood.
• Transit City (Phases 1-5) Multi-phase condominium project at Jane / Hwy 7 in Vaughan Metropolitan Centre, with phases ranging from 45 to 55 storeys and part of the 100-acre SmartCentres Place development with transit connectivity to the TTC subway.
• ZEN King West 31-storey tower at King / Strachan Streets in Toronto's King West neighbourhood, completed in 2020.
• 411 Church 38-storey tower at Church / Carlton Streets, across from Maple Leaf Gardens in Downtown East Toronto, completed 2019.
• Grid Condominium tower at Dundas / Jarvis Streets with zig-zag cladding design, originally 50 storeys with 563 units, expanded from initial plans, and designed with students in mind near Ryerson University.
• Core 26-storey, 221-unit tower at Church / Shuter Streets that sold out within days of launch in January 2014 and was completed in 2017.
• INDX 54-storey, 798-unit tower at Bay / Adelaide in Toronto's Financial District, joint development with Lifetime Developments, completed 2016 and Toronto's top-selling condo of 2011.
• Karma Condominium tower at Yonge / College Streets in Toronto, joint development with Lifetime Developments, completed 2016 and top-selling condo of 2012.
• Peter Street 40-storey tower at Peter / Adelaide Streets, CentreCourt's maiden project launched in 2010 and completed in 2015.
• 49 Ontario Joint development with Dream Unlimited Corp. featuring two towers (49 and 45 storeys) with 1,226 total purpose-built rental units, under construction in Downtown Toronto with 20-year government-affiliated financing secured.
• 2200 Eglinton Joint development with Dream Office REIT, fully zoned for 2 towers (48 storeys and 32 storeys) at 2200 Eglinton Avenue and currently under development.
• WestLine 14-storey tower at Sheppard / Dufferin Streets, completed as part of CentreCourt's west-end portfolio.
• North York High-Rise Development (with Arkfield) Residential high-rise development site acquired in partnership with Arkfield in North York, Toronto, featuring over 500 residential units positioned at a key transit intersection.

Quantifiable outcome

• 24 towers and 12,500+ homes delivered or underway since 2010
• +2 more outcomes

Named customers2 records

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Partnerships

Five partnerships are on record, tiered core, strategic and secondary.

• Dream Unlimited Corp. / Dream Impact TrustcoreStrategic or Co-development Partner · 7 January 2026CentreCourt partnered with Dream Unlimited Corp. on multiple joint developments including 49 Ontario (1,226-unit, two-tower purpose-built rental project with 20-year government-affiliated financing) and 2200 Eglinton (fully zoned for 2 towers with Dream Office REIT). Dream Impact Trust sold a 10% interest in 49 Ontario to CentreCourt for $6.5 million.
• ArkfieldstrategicStrategic or Co-development Partner · 21 November 2025Arkfield and CentreCourt partnered to acquire a residential high-rise development site in North York, Toronto. The project will include over 500 residential units positioned at a key transit intersection.
• SmartCentres (formerly SmartREIT)coreStrategic or Co-development Partner · 23 May 2017CentreCourt and SmartCentres developed Transit City - the centrepiece of SmartCentres' 100-acre Vaughan Metropolitan Centre development. Transit City includes multiple towers (55+ storeys) with 1,100+ units sold out in two weeks. The partnership represents one of Canada's largest mixed-use developments.
• Lifetime DevelopmentscoreStrategic or Co-development PartnerCentreCourt and Lifetime Developments co-developed INDX Condos (70 Temperance Street, 54-storey tower with 798 units) and Karma Condos (Yonge & College, 31 storeys). INDX was Toronto's top-selling condo in 2011.
• ParallaxsecondaryStrategic or Co-development PartnerCentreCourt and Parallax launched 199 Church condo project with innovative drive-in event format. 39-storey tower in Downtown East.

Scale indicators8 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Menkes Developments Ltd. One of the GTA's largest and most established high-rise residential developers. Direct peer — both build and sell condominium towers across the GTA; CentreCourt founder Andrew Hoffman was previously COO of Menkes.
• Tridel: Long-standing GTA condominium developer with a multi-decade track record of high-rise condo delivery. Direct peer — same product (GTA high-rise condos for sale), similar target buyer, similar sales-led model.
• Daniels Corporation: GTA-based residential developer active in condominium and master-planned communities. Direct peer — comparable scale and product mix in the GTA high-rise for-sale market.
• Pinnacle International: GTA-focused high-rise condominium developer with a portfolio of premium towers. Direct peer — same product type (GTA high-rise condos), similar target demographic, similar sales-led GTM.
• Concord Pacific: Canada's largest condominium developer, founded in Vancouver and now expanding nationally including the GTA. Direct peer — same core business of high-rise for-sale condo development with similar transit-oriented, master-planned approach.
• Tribute Communities: GTA homebuilder active in both low-rise and high-rise residential. Direct peer in the GTA residential for-sale market, with comparable mid-size developer scale.
• Empire Communities: GTA-headquartered homebuilder with growing high-rise condominium activity. Direct peer — comparable for-sale residential product and GTA market focus.
• Dream Unlimited Corp. Toronto-based real estate company active in residential development, including GTA high-rise condos and purpose-built rentals. Direct peer — JV partner on 49 Ontario and 2200 Eglinton, but also an independent competitor for similar GTA projects.

Broad incumbents

• Mattamy Homes: Canada's largest homebuilder with significant GTA condo and low-rise activity. Broad incumbent — overlapping GTA residential for-sale business, but materially larger and more diversified across housing types and geographies.
• Brookfield Residential: Large-scale North American residential developer and a Brookfield Asset Management affiliate. Broad incumbent — overlaps in GTA and broader Canadian high-rise / master-planned for-sale communities, but operates at significantly greater scale and geographic breadth.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/centrecourt-developments
• Instagraminstagram.com/centrecourtinc
• Xx.com/CentreCourtInc
• Facebookfacebook.com/CentreCourtInc

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 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 CentreCourt