DBS Developments
DBS Developments is a privately held, family-owned Toronto real estate developer and property manager with a 60-year legacy. It designs, builds, and manages high-rise condominiums and purpose-built rental communities across the Greater Toronto Area, holding 1,350+ rental units and 3,360 units in development.
- Company typePrivate
- Founded1960
- HeadquartersToronto, Canada
- Headcount51–100
- GTM typeB2C
- OfferingServices
What DBS Developments does
DBS Developments is a privately held, family-owned real estate development company headquartered in Toronto, Ontario, operating across two distinct divisions: DBS Developments, which designs, develops, and constructs high-rise condominium and purpose-built rental communities; and DBS Communities, the in-house property management arm that operates the company's stabilized rental portfolio. Founded as a successor to the Preston Group (originally Gonte Construction, dating to the 1960s) and named after founder David Bola Salomon, the company is now in its third generation of family leadership, with Gloria Salomon serving as Chairperson and Bryan Levy as CEO. DBS targets the Greater Toronto Area exclusively, with a focus on transit-oriented sites and sustainability credentials (LEED and Toronto Green Standards) across projects including Metro Park (405 condo units), Towns at Metro Park (147 units plus townhomes), Eglinton & McCowan (~578 units, JV with Achille), Bloor & Sherbourne (~870 units, JV with Alterra/Platinum Vista), and Warden & Finch, alongside the 2Fifteen (177 units), Bela Square (484 suites), 2 Secord, 20 Stonehill, 90 Eastdale, and 35 David Salomon Drive rental communities.
The company generates revenue through three primary streams: one-time condominium unit sales across its development pipeline; recurring monthly rental income from its 1,350+ purpose-built rental units managed by DBS Communities; and ongoing property management fees for the same portfolio. Unit-level rental pricing disclosed publicly ranges from approximately $1,600/month for entry-level one-bedrooms to ~$2,995/month for three-bedroom townhomes, and condominium pricing is not publicly disclosed (buyers must contact sales centres). As of the most recent reporting, DBS had 3,360 residential units and over 2.2 million square feet in development and construction, employing 11–50 staff, with go-to-market executed through pre-construction sales centres, a website inquiry funnel, paid digital advertising, and on-site leasing offices supported by third-party resident portal software (BuildingStack, RISE Buildings).
The core technology of the business is operational rather than digital: a fully-integrated development capability covering site acquisition, project design (using external architects such as Kirkor, Diamond Schmitt, Arcadis), construction (Tucker HiRise, Reliance Construction), and in-house property management, combined with a deliberate shift toward purpose-built rental that produces a recurring-revenue base alongside cyclical condo sale revenue. DBS has received industry recognition from the Federation of Rental Housing Providers of Ontario, including a 2017 Sam Grossman Award of Excellence, a 2023 Best Rental Project Under 200 Units award for 2Fifteen, and a 2026 Lifetime Achievement Award.
DBS Developments firmographics
Firmographics- Name
- DBS Developments
- Legal name
- DBS Developments
- Website
- https://dbsdevelopments.ca
- Company type
- Private
- Founded year
- 1960
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- DBS Developments is a privately held, family-owned Toronto real estate developer and property manager with a 60-year legacy. It designs, builds, and manages high-rise condominiums and purpose-built rental communities across the Greater Toronto Area, holding 1,350+ rental units and 3,360 units in development.
- Ownership category
- akta.pro rank
DBS Developments industry classification
Industry- Product category
- Residential Real Estate Development
- NAICS
- New Housing For-Sale Builders (236117), Land Subdivision (237210), Residential Building Construction (23611)
- SIC
- Land Subdividers & Developers (No Cemeteries) (6552), General Bldg Contractors - Residential Bldgs (1520), Real Estate Operators (No Developers) & Lessors (6510)
- akta.pro primary industry
- Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL)
Keywords
Where DBS Developments is headquartered
LocationHeadquarters
- HQ city
- Toronto
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
DBS Developments business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Supply Chain, Infrastructure, Operations, Marketing or Sales
Revenue model
- Condominium Sales: Design, develop, and construct high-quality condominium residences for sale to discerning homeowners in stunning, transit-oriented settings across the GTA.
- Purpose-Built Rental Income: DBS Communities manages a portfolio of over 1,350 apartment residences in new purpose-built and rejuvenated buildings, generating recurring rental income.
- Property Management Services: In-house property management team manages all properties built, providing professional services and curated residential experiences for residents.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | 1-Bedroom Units |
| Subscription | Monthly | 2-Bedroom Units |
| Subscription | Monthly | 3-Bedroom Units and Townhomes |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels7 records
DBS Developments product offering
Product offeringCore offering
DBS Developments is a fully-integrated residential real estate development company that designs, develops, constructs, and manages condominium residences and purpose-built rental communities across the Greater Toronto Area. The company operates two divisions: DBS Developments, which handles condominium development, and DBS Communities, which provides in-house property management for the rental portfolio of over 1,350 residences. The company targets sustainable construction practices aligned with LEED and Toronto Green Standards certifications.
Product overview
DBS Developments is a fully-integrated real estate development company operating across two distinct divisions: DBS Developments (condominium development) and DBS Communities (property management). The company develops, constructs, and manages residential communities across the Greater Toronto Area, spanning over 60 years and three generations. DBS Developments specializes in designing and developing high-quality condominiums in transit-oriented settings, targeting LEED and Toronto Green Standards certifications. DBS Communities manages purpose-built rental properties with in-house property management teams, maintaining a portfolio of over 1,350 rental units. The product portfolio includes five condominium projects (Metro Park with 405 units, Towns at Metro Park with 147 units, Eglinton & McCowan with 578 units, Warden & Finch with 462 units, and Bloor & Sherbourne with 870 units) and six rental communities (Bela Square with 484 suites, 2Fifteen with 177 units, 2 Secord with 315 units, 20 Stonehill with 155 units, 90 Eastdale with 403 units, and 35 David Salomon Dr), totaling over 2,200,000 sq.ft. and 3,360 residential units in development and construction.
Differentiator
Problem solved
Functional benefit
Brands
- Metro Park: Condominium and rental community development at Don Mills Rd and Eglinton Ave in North York, Toronto.
- 2Fifteen
- Bela Square
Products and services
- Metro Park A transit-oriented condominium community centrally located in North York at Don Mills & Eglinton, featuring 405 residential units designed by Kirkor architects with interior design by II by IV Design. Targeted at discerning homeowners seeking luxury condominium residences.
- Towns at Metro Park A boutique 12-storey midrise development within the Metro Park community offering 147 units (70% two bedrooms) plus 15 townhomes, providing transit-oriented living with modern suites. Designed for buyers seeking mid-rise condominium living with townhome options.
- Eglinton & McCowan A 46-storey residential development located west of Eglinton GO station featuring approximately 578 residential units (studio, one-bedroom, two-bedroom, and three-bedroom apartments) with 500 square meters of retail space. Developed in partnership with Achille.
- Warden & Finch A sophisticated condominium development at Warden & Finch in the Bridlewood area, offering proximity to Bridlewood Mall and transit connections to Don Mills Station. Targeted at homeowners seeking transit-connected suburban living.
- Bloor & Sherbourne A 69-storey residential building in partnership with Alterra and Platinum Vista, featuring approximately 870 dwelling units (studio to three-bedroom), with heritage-inspired design by Arcadis. Targeted at urban homebuyers.
- Bela Square A professionally-managed rental community near Main & Danforth featuring 484 suites including townhomes and family-sized apartments, with modern suites and thoughtful amenities in East York. Targeted at rental tenants and families.
- 2Fifteen
Quantifiable outcome
- 3,360 residential units in development and construction
- +2 more outcomes
Companies that use DBS Developments
Customer profileSegments3 records
Ideal customer profiles2 records
DBS Developments technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
DBS Developments partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core.
- StaffordcoreStrategic partnership between two of the Greater Toronto Area's most established residential development companies to deliver a purpose-built rental tower to Toronto's Yonge and Sheppard community.
- AchillecoreJoint development partnership for Eglinton & McCowan project featuring approximately 578 residential units across 46 storeys.
- AlterracorePartnership with Alterra and Platinum Vista for the 69-storey Bloor & Sherbourne residential building with approximately 870 dwelling units.
- Platinum VistacorePartnership with Alterra and Platinum Vista for the 69-storey Bloor & Sherbourne residential building with approximately 870 dwelling units.
Scale indicators5 records
Recent moves10 records
Expansion highlights5 records
DBS Developments competitors and assessment
Company assessmentBroad incumbents
- Minto Group: Multi-family residential builder and developer of purpose-built rental and condominium apartments across Toronto, Ottawa, and Florida. Comparable integrated developer/manager model with purpose-built rental operations.
- Brookfield Residential: Large-scale North American homebuilder with active Toronto condominium and GTA master-planned community operations. Broader portfolio but directly overlaps with DBS's market positioning on transit-oriented condo product.
- Mattamy Homes: Canada's largest residential homebuilder, active across single-family, townhome, and mid-rise condominium product in the GTA. Larger scale than DBS but competes for similar urban infill land and end-buyer segments.
Direct peers
- The Daniels Corporation: Toronto-based developer of high-rise condominium and purpose-built rental communities in the GTA. Comparable integrated development + construction model and overlapping focus on transit-oriented sites.
- Tridel: Toronto-headquartered residential developer specializing in condominium and purpose-built rental projects across the GTA. Tridel directly competes with DBS for high-rise sites, transit-oriented locations, and the same luxury condominium buyer pool.
- Menkes Developments: Family-owned, fully-integrated GTA developer active in high-rise condominiums, purpose-built rental, commercial, and industrial. The integrated build-and-manage model and GTA focus makes Menkes one of the closest direct comps to DBS.
- Great Gulf Group: GTA-based developer of condominium towers and master-planned communities. Comparable high-rise residential and master-planned community product pipeline competing for similar mid-to-high-density sites.
- Tribute Communities: GTA-focused homebuilder and condominium developer operating across the Greater Toronto Area. Targets similar transit-oriented and family-friendly neighborhoods and competes directly for sites in DBS's submarkets.
- Lanterra Developments: Toronto-based condominium developer of high-rise and mid-rise residential projects across the downtown and GTA. Comparable product type (luxury GTA condominiums) and similar mid-size developer profile to DBS.
- Stafford Developments: GTA-based residential developer and DBS's announced JV partner for the Yonge & Sheppard purpose-built rental tower. Comparable product focus (luxury GTA condos and purpose-built rental) and active collaborator in DBS's current pipeline.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
DBS Developments social profiles
Digital presenceDBS Developments compliance and trust
Trust signalCompliance2 records
DBS Developments financial estimates
Financial estimateRevenue estimate
Valuation estimate
DBS Developments leadership team
Management profileNumber of profiles
Profiles10 records
DBS Developments subsidiaries and ownership
Company hierarchySubsidiaries1 record
DBS Developments funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
DBS Developments M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about DBS Developments
What does DBS Developments do?
DBS Developments is a fully-integrated residential real estate development company that designs, develops, constructs, and manages condominium residences and purpose-built rental communities across the Greater Toronto Area. The company operates two divisions: DBS Developments, which handles condominium development, and DBS Communities, which provides in-house property management for the rental portfolio of over 1,350 residences. The company targets sustainable construction practices aligned with LEED and Toronto Green Standards certifications.
Is DBS Developments a public or private company?
DBS Developments is a private company. It is classified as family owned and is currently operating.
When was DBS Developments founded?
DBS Developments was founded in 1960. It employs 51 to 100 people.
Where is DBS Developments based?
DBS Developments is headquartered in Toronto, Canada, in the North America region.
How does DBS Developments make money?
Three revenue lines are on record. Condominium Sales are the primary driver. The others are purpose-Built Rental Income and property Management Services.
Who are DBS Developments's main competitors?
Broad incumbents on record are Minto Group, Brookfield Residential and Mattamy Homes. Direct peers are The Daniels Corporation, Tridel, Menkes Developments, Great Gulf Group, Tribute Communities, Lanterra Developments and Stafford Developments.
Does DBS Developments have an API?
No public API is recorded for DBS Developments.
What industry is DBS Developments in?
DBS Developments's product category is Residential Real Estate Development. Its primary akta.pro industry code is IMAFABAL, Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities). Its NAICS code is 236117 and its SIC code is 6552.