What Alabaster Homes does

Alabaster Homes, operating under the legal entity Alabaster Developments Ltd., is a private Vancouver-based residential real estate development company founded in 2014 by Herman Kwee and Nick Poon, both with decades of local development experience. The company specializes in designing and building multi-family residential properties across Metro Vancouver, including townhomes, garden flats, condominium residences, and mixed-use communities. Its product portfolio spans three operating divisions: Alabaster Homes (strata and condominium developments), Alabaster Multiplex (boutique multiplex homes of up to six units across three storeys, with seven projects underway in 2025), and Alabaster Rental (purpose-built rental communities, launched March 2026 with the Luminary project delivering 100 residences). Completed sold-out projects include Yukon Residences, Oak + Park, Shaughnessy Residences, Osler Residences, and Spires Gate, with active projects including Thesis (69 condos, completing early 2026), Rowen W47 (36 cityhomes), Eila on W49 (23 townhomes), and Silver Ave (proposed Burnaby high-rise).

The company operates an in-house construction team (in-housed starting with Spires Gate in January 2022) to maintain quality control across the full project lifecycle, and partners with established Vancouver architecture firms Formwerks Architectural, Ciccozzi Architecture, Area3 Design, and Occupy Design. Alabaster's technology footprint is conventional for a residential developer: a comprehensive website with virtual tours and feature sheets, active social media presence, an online priority registration system for upcoming projects, and a Lasso CRM deployment for lead capture. The Homeowner Care Portal serves as a post-purchase service platform for warranty and service requests. Multiple projects have won HAVAN Ovation Awards and Best of Vancouver recognition for design excellence.

The business model combines one-time property sales (strata and multiplex units sold to individual homebuyers) with a newly introduced recurring revenue stream through purpose-built rentals (monthly rental income from Alabaster Rental division properties). Pricing is not publicly disclosed; sales are conducted via dedicated sales representatives, appointment-based sales centres, and a priority registration program. Customer segments include residential homebuyers, rental seekers, and multiplex buyers across Metro Vancouver. The company reports over 300 homes built and in progress cumulatively and maintains affiliations with CHBA, HAVAN, VRCA, and UDI industry associations.

Name

Alabaster Homes

Legal name

Alabaster Developments Ltd.

Website

https://alabasterhomes.ca

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

11–50 employees

Short description

Alabaster Homes is a private Vancouver-based residential real estate developer founded in 2014, building thoughtfully designed multi-family townhomes, condos, multiplexes, and purpose-built rentals across Metro Vancouver through three divisions: Alabaster Homes, Alabaster Multiplex, and Alabaster Rental.

Ownership category

akta.pro rank

Product category

Residential Real Estate Development

NAICS

New Housing For-Sale Builders (236117), Residential Building Construction (2361)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), Operators Of Apartment Buildings (6513)

akta.pro primary industry

Multi-Family Residential Construction (Apartments, Condos, Townhomes) (IMAFABAB)

akta.pro secondary industry

Residential Accessory Dwelling Units (ADUs) & Backyard Homes (IMAFABAK)

Keywords

• Residential property development
• Multi-family homes
• Townhome construction
• Purpose-built rentals
• Homebuilder services

Headquarters

HQ city

Vancouver

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, Others

Revenue model

1. Residential Property Development and Sales: Development and sale of multi-family residential properties including townhomes, apartments, and multiplex residences in Metro Vancouver. Revenue generated through direct property sales to homebuyers.
2. Purpose-Built Rental Communities: Launch of Alabaster Rental division focused on delivering thoughtfully designed, purpose-built rental communities across Metro Vancouver. Revenue through monthly rental income.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

Alabaster Homes is a Vancouver-based residential real estate developer that builds and sells multi-family strata homes, including townhomes, garden flats, and mixed-use communities, across Metro Vancouver. Through its Alabaster Rental division it delivers purpose-built rental communities, and through Alabaster Multiplex it develops boutique multiplex residences. The company supports purchases with a 2-5-10 warranty program and a dedicated Homeowner Care Portal for ongoing service.

Product overview

Alabaster Homes operates as a multi-brand residential development company offering strata homes, purpose-built rentals, and multiplex residences across Metro Vancouver. The core brand, Alabaster Homes, builds townhomes and mixed-use communities including Thesis (69 condos with retail/office), Rowen W47 (36 cityhomes), and Eila on W49 (23 townhomes). Two sub-brands extend the portfolio: Alabaster Rental delivers purpose-built rental communities (Luminary in Fraserhood, completing 2026) and Alabaster Multiplex develops boutique multiplex homes with up to 6 units across 3 storeys. The company also offers a 2-5-10 warranty program and Homeowner Care Portal for post-purchase support. Completed sold-out projects include Yukon Residences, Oak + Park, Shaughnessy Residences, Osler Residences, and Spires Gate.

Differentiator

Problem solved

Functional benefit

Products and services

• Alabaster Homes (Strata Residences) Premier builder of multi-family residential strata projects in Vancouver, BC, including townhomes, apartments, and mixed-use communities. Draws inspiration from meaningful design spanning centuries and nations, with a focus on craftsmanship and homeowner care.
• Alabaster Rental Purpose-built rental division creating thoughtfully designed rental communities across Metro Vancouver, with the first community being Luminary in Fraserhood.
• Alabaster Multiplex Multiplex homes division offering up to six homes across three storeys, designed for modern Vancouver living. Seven multiplex projects underway in 2025.
• Thesis Mixed-use community in the heart of Vancouver's Oakridge neighbourhood featuring 69 condo homes, 12 retail spaces, and 13 offices.
• Rowen W47 Collection of 36 effortlessly modern cityhomes and garden residences in Vancouver's Oakridge neighbourhood.
• Eila on W49 Collection of timeless garden homes and townhomes in Vancouver's Oakridge neighbourhood, featuring 23 townhomes at 6521 Fremlin Street.
• Silver Ave Proposed development in Burnaby's Metrotown neighbourhood transforming into a contemporary concrete high-rise residential building and wood-frame low-rise rental building. Status: Coming Soon.
• Luminary First purpose-built rental community under Alabaster Rental, situated in Fraserhood near Fraser Street. Five-storey building with 100 pet-friendly residences including studios and 1-3 bedroom homes. Completing Summer 2026.
• Fraser E49 First project under Alabaster Multiplex division, a boutique multiplex home in Vancouver. Scheduled for completion in 2026.
• 2-5-10 Warranty Program Warranty program covering 2 years on labour and materials, 5 years on building envelope, and 10 years on structure of home, provided to all Alabaster homeowners.
• Homeowner Care Portal Dedicated online portal helping homeowners submit service requests and answer questions regarding their residence.

Quantifiable outcome

• Over 300 homes built and in progress
• +1 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• Formwerks ArchitecturalcoreStrategic or Co-development PartnerArchitectural design firm responsible for designing Yukon Residences, Shaughnessy Residences, and Osler Residences. Victorian-inspired and craftsman-inspired architecture. Long-standing creative partnership in home design.
• Ciccozzi ArchitecturecoreStrategic or Co-development PartnerArchitecture firm responsible for Oak + Park design. Distinctive heritage-style architecture with brick exteriors and black metal details.
• Area3 DesigncoreStrategic or Co-development PartnerInterior design firm responsible for Yukon Residences interiors. Transitional design approach with contemporary and traditional motifs.
• Occupy DesigncoreStrategic or Co-development PartnerInterior design firm responsible for Oak + Park interiors. Modern interiors with light and dark colour scheme selections.
• Canadian Homebuilder's Association (CHBA)minorOthersNational organization representing Canada's homebuilding industry. Affiliation demonstrates commitment to industry standards.
• Homebuilder's Association Vancouver (HAVAN)minorOthersLocal homebuilding industry association. Multiple award recipient. Affiliation demonstrates industry leadership.
• Vancouver Regional Construction Association (VRCA)minorOthersAssociation representing construction industry in Vancouver region.
• Urban Development Institute (UDI)minorOthersInstitute focused on urban development in BC. Affiliation demonstrates commitment to urban development best practices.

Scale indicators3 records

Recent moves8 records

Expansion highlights5 records

Broad incumbents

• Polygon Homes: Largest BC-based homebuilder, operating across Metro Vancouver with broad townhome and apartment portfolios. Larger scale incumbent operating in the same geography and product category.
• Wesgroup Properties: BC-based developer of multi-family residential, mixed-use, and purpose-built rental projects across Metro Vancouver. Comparable in multi-family and rental segments but materially larger.
• Concert Properties: BC-based developer and operator of multi-family strata and purpose-built rental communities across Metro Vancouver. Directly comparable rental division overlap with Alabaster Rental.
• Bosa Properties: BC-based residential and mixed-use developer, including purpose-built rental communities. Comparable in multi-family strata and emerging rental segments at larger scale.
• Intracorp Homes: BC-based residential developer of multi-family homes, townhomes, and condos across Metro Vancouver. Broader portfolio incumbent with overlapping design-driven positioning.
• Cressey Development Group: BC-based developer of multi-family residences and mixed-use communities across Metro Vancouver. Overlapping product category with a longer-established, larger-scale operation.

Direct peers

• Boffa Properties: Family-run Vancouver boutique homebuilder specializing in thoughtfully designed townhomes and multi-family residences in Metro Vancouver. Closely comparable in scale, founder-driven ethos, and design-led positioning to Alabaster Homes.
• Adera Development Group: Vancouver-based boutique developer of multi-family wood-frame and concrete homes in Metro Vancouver. Comparable segment focus on townhomes and low-rise strata, with overlapping geography.
• Penta Homes: Vancouver boutique homebuilder developing townhomes and multi-family residences in Metro Vancouver with comparable boutique scale and design-focused GTM.
• Solterra Homes: Vancouver boutique developer of townhomes and multi-family residences in Metro Vancouver, with similar scale, design emphasis, and project-by-project sales model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/alabaster_homes
• YouTubeyoutube.com/channel/UCujs4nBjfRw7Aas-TY2wf4g
• Facebookfacebook.com/alabasterhomes
• LinkedInlinkedin.com/company/alabasterhomes
• Instagraminstagram.com/alabasterhomes

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries3 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 Alabaster Homes