What Essence Properties does

Essence Properties (doing business as Essence Living) is a privately held, vertically integrated residential and commercial real estate developer headquartered in Surrey, British Columbia, Canada. Founded in 2014, the company designs, develops, and constructs master-planned communities, townhome collections, condominium projects, and duplex-style row homes primarily across the Fraser Valley submarket — concentrated in Langley (notably Willoughby and Parc Central) and Surrey (South Surrey/Hamptons, Fleetwood, Cloverdale). Its operating model spans six in-house departments: Acquisition, Development, Construction, Sales and Marketing, Interior Design, and Home Care, giving it end-to-end control from land sourcing through post-closing service. The company has delivered 1,000+ homes historically and is currently developing a 2,000+-unit master-planned community called Jericho in Willoughby, Langley, with Jericho Park (Phase 1, 385 condos) actively selling.

The product portfolio is heavily skewed toward ground-oriented townhomes and low-rise condos, typically 3-4 bedroom configurations, targeting first-time buyers, move-up buyers, and investors in the Fraser Valley. Commercial activity is nascent but expanding, anchored by the Brightpath childcare facility (18,209 sq ft) and the planned retail high street at Jericho. Pricing is project-specific and not publicly disclosed; homes are sold through model home showrooms, on-site sales offices, corporate website (essenceliving.com), MLS listings, and Realtor referral partnerships. Marketing relies on standard paid digital channels (Google Ads, Facebook Ads) and organic social presence on Facebook, Instagram, and LinkedIn.

Revenue is generated through one-time unit sales at project delivery, with comprehensive 2-5-10 year warranty coverage provided through partner National Home Warranty Group. The company is privately held with no disclosed institutional investors, funding rounds, or external capital backing. Headcount is reported at 11-50 employees, indicating a lean operation that likely relies on subcontractors for construction labor and trades. No proprietary technology, AI/ML capabilities, patents, or regulatory licenses are disclosed beyond standard privacy compliance (GDPR, CCPA, COPPA).

Name

Essence Properties

Legal name

Essence Properties

Website

https://essenceliving.com

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

11–50 employees

Short description

Essence Properties is a privately held, vertically integrated residential and commercial real estate developer in Surrey, BC, building master-planned communities, townhomes, and condos across the Fraser Valley, primarily in Langley and Surrey, for individual home buyers.

Ownership category

akta.pro rank

Product category

Residential Real Estate Development

SIC

Land Subdividers & Developers (No Cemeteries) (6552), Real Estate Dealers (For Their Own Account) (6532)

akta.pro primary industry

Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL)

akta.pro secondary industry

Spec Home / Production Homebuilding (Tract & Volume Builders) (IMAFABAD)

Keywords

• Residential property development
• Master-planned communities
• Townhome construction
• Condo development
• Commercial real estate

Headquarters

HQ city

Surrey

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales, Technology or R&D

Revenue model

1. Residential Property Sales: Revenue generated from the sale of residential properties including condominiums and townhomes to end purchasers. The company develops master-planned communities and sells homes directly to consumers through sales offices and model homes.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels7 records

Core offering

Essence Properties is a real estate development company that designs, builds, and sells new residential and commercial properties in the Fraser Valley region of British Columbia. Its portfolio includes townhomes, condominiums, duplex/row homes, and master-planned communities (notably the Jericho community with 2,000+ planned homes), plus commercial offerings such as a high street retail area and a childcare facility. The company operates with vertical integration spanning land acquisition, development, construction, sales and marketing, interior design, and home care.

Product overview

Essence Properties is a real estate development company offering a diverse portfolio of residential and commercial properties across the Fraser Valley, primarily in Langley and Surrey, BC. The residential portfolio includes multiple product types: townhomes (Emerge, Eastin Townhomes, Verge, Noble, Tribute, The Towne, EVOLVE at the Hamptons, Crest, ESSENCE at the Hamptons, Lotus, Maple on 84th), condos (Eastin Condos, Gala, Jericho Park), and duplex/row homes (ELEVATE at the Hamptons, Clayton Heights). The flagship development is Jericho, a master-planned community with over 2,000 homes across three phases. Commercial offerings include The Shops at Jericho (high street retail) and Brightpath (childcare facility). The company operates with vertical integration across Acquisition, Development, Construction, Sales and Marketing, Interior Design, and Home Care departments.

Differentiator

Problem solved

Functional benefit

Products and services

• Jericho Park Condominium development with 1, 2 & 3 bedroom homes forming Phase 1 of a master-planned community of 385 homes in Willoughby, Langley, BC. Targeted at home buyers seeking new construction in the Fraser Valley.
• Jericho (Future Phases) Master-planned community comprising over 2,000 homes and a high street of shops and services, delivered across three phases: Jericho Park, Jericho Square, and Jericho District. Targeted at residential home buyers and commercial tenants in Langley, BC.
• Emerge Collection of 19 townhomes with 3 & 4 bedrooms in Willoughby, Langley, situated near shops, services, and natural areas. Sold to individual home buyers seeking new construction in the Fraser Valley.
• Eastin Townhomes Boutique collection of 20 move-in ready townhomes and live-work homes with 3 & 4 bedrooms in Willoughby, Langley. Sold to individual home buyers and live-work buyers in the Fraser Valley.
• Eastin Condos Curated collection of 117 condominium homes with 1 & 2 bedrooms in the Willoughby neighbourhood of Langley, BC. Targeted at condo buyers in the Fraser Valley.
• Verge Collection of 107 townhomes with 3 & 4 bedrooms featuring intelligent layouts and spacious living areas in Langley, BC. Sold to family and move-up home buyers.
• Noble Final collection of 30 executive 3 and 4 bedroom townhomes at Parc Central, designed for single-family-style living in Willoughby, Langley. Targeted at move-up and executive home buyers.
• Tribute 30 single-family-style 4 bedroom townhomes offering lock-and-go living at Parc Central in Langley. Targeted at buyers seeking low-maintenance luxury homes.
• Gala 75 expertly crafted condominium residences with 1 and 2 bedrooms featuring clean lines, spacious layouts, and luxurious finishes. Targeted at condo buyers in Langley, BC.
• The Towne 27 townhomes with 3 bedrooms plus a flex room designed for modern active families, featuring high-quality finishes and natural gas features in Surrey, BC.
• EVOLVE at the Hamptons 30 executive 3 and 4 bedroom townhomes crafted for families with dynamic lifestyles in the Hamptons master-planned community in South Surrey, BC. Targeted at executive family buyers.
• Crest Collection of 16 expertly designed 4 bedroom townhomes situated in a vibrant, family-oriented community in Langley, BC. Targeted at family home buyers.
• ESSENCE at the Hamptons Intimate collection of 74 upscale 3 and 4 bedroom townhomes in the prestigious Morgan Heights neighbourhood within South Surrey's Hamptons community. Targeted at premium home buyers.
• ELEVATE at the Hamptons Distinguished collection of 40 duplex-style row homes with spacious 4 bedroom layouts in the Hamptons master-planned community in South Surrey, BC. Targeted at upscale family buyers.
• Clayton Heights

Quantifiable outcome

• 2-5-10 year home warranty coverage for all homes built

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration22 records

Partnerships

One partnership is on record.

• National Home Warranty GroupcoreStrategic or Co-development PartnerWestern Canada's leading warranty administrator providing comprehensive 2-5-10 year home warranty insurance for all Essence Properties homes. Coverage includes materials and labour for 12 months, 2 years for defects in major systems, 5 years for building envelope, and 10 years for structural components.

Scale indicators2 records

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• Qualico: Western Canada's largest privately-owned homebuilder, operating multiple divisions across BC, Alberta, Saskatchewan, and Manitoba. Comparable for residential homebuilding product mix, though at significantly greater geographic and capital scale.
• Onni Group: Large Vancouver-based developer of master-planned communities, high-rises, and commercial real estate across North America. Comparable for master-planned community execution and vertical integration, though at substantially greater scale.
• Concord Pacific: Canada's largest master-planned community developer, most known for Vancouver's False Creek. Comparable for master-planned, vertically integrated community building, though operating at much larger scale and broader geography.

Direct peers

• Polygon Homes: One of BC's largest residential homebuilders, developing master-planned communities, townhomes, and condos primarily in the Lower Mainland including Langley and Surrey. Directly comparable as a build-to-sell community developer targeting the same Fraser Valley buyer base.
• Wesgroup Properties: BC-based master-planned community developer active across the Lower Mainland, building townhome and condo communities. Comparable in building integrated residential developments with commercial amenities in similar submarkets to Essence.
• Vesta Properties: Lower Mainland homebuilder focused on townhomes and condos in Surrey, Langley, and surrounding areas. Closely comparable by product type, buyer segment, and Fraser Valley geographic focus.
• Adera Development: Vancouver-based residential developer with a long track record of woodframe and concrete townhome/condo projects across Metro Vancouver. Comparable by build-to-sell community model and target buyer.
• Boffo Developments: BC residential developer building townhomes, condos, and single-family communities across the Lower Mainland. Comparable in scale and product mix, operating in adjacent submarkets to Essence's portfolio.
• Citimark Developments: BC-based residential developer of townhomes and condos concentrated in the Fraser Valley including Langley and Surrey. Closely comparable by product, geography, and mid-sized developer profile.

Emerging players

• Woodbridge Homes: Lower Mainland townhome and single-family developer with projects in Surrey, Langley, and surrounding areas. Comparable in product type and submarket focus, though at smaller scale than Essence's Jericho master plan.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/essenceproperties
• LinkedInca.linkedin.com/company/essenceproperties
• Instagraminstagram.com/essenceproperties

Compliance3 records

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 Essence Properties