Spring Creek

What Spring Creek does

Spring Creek Mountain Village Inc. is a privately-held real estate development company founded in 2004 by Frank Kernick on family-owned land in Canmore, Alberta, dating back to 1927. The company is developing a 70-acre master-planned community in the heart of Canmore that integrates residential, commercial, hospitality, and senior living components. At completion, the development is planned to include approximately 1,000 residential units, 250 hotel suites, commercial spaces, and various amenities; the community is approximately 50% built out as of 2021 with completion anticipated within the next 10 years. Operations are run through wholly-owned subsidiaries including Spring Creek Realty (sales), Spring Creek Vacations (rental management), The Malcolm Hotel (124-room 4-star hotel), Origin at Spring Creek (110-suite senior living community), and The BEAT (commercial hub).

The company's core technology centers on sustainable infrastructure: a geothermal heating and cooling system leveraging Canmore's strong aquifer (over 200 feet of groundwater-bearing gravel), geo-exchange infrastructure that improves energy efficiency by approximately 35% versus conventional methods, and solar panel arrays (first deployed on the Tamarack Lodge roof). This infrastructure supported Canada's first-ever BUILT GREEN Platinum community certification through the Built Green Communities pilot program. The product portfolio spans 14+ residential lodge developments (Grey Wolf, Black Swift, Mountain Lynx, Timberstone, Arnica, Tamarack, Jack Pine, White Spruce, Creekstone, Creekside, Moraine Ridge, Glacier Rock, Rundle Cliffs, plus estate home lots), with individual units priced from approximately $350,000 to over $1 million CAD.

The business model combines one-time residential property sales (condos, townhomes, estate home lots), recurring commercial leasing at THE BEAT (spaces available from 5,019 to 11,426 sq ft at $10/sq ft operating costs on 5-10 year terms), and transaction-fee vacation rental management through Spring Creek Vacations across 45+ suites. Distribution is sales-led via an on-site Sales Centre in Canmore staffed by Sales Manager/Broker Ross Jansen and Senior Sales Associate Ann Ricord, supplemented by a website with listings, virtual tours, and contact forms, plus multi-channel social media and earned media in Calgary Herald, National Post, and Avenue Calgary. Customers include primary home buyers (~65% of owners live full-time), Calgary/Alberta recreational property buyers, investment property owners using 240 tourist home designations for nightly rental income, active seniors aged 65+, and commercial tenants.

Name

Spring Creek

Legal name

Spring Creek Mountain Village Inc.

Website

https://springcreekrealestate.ca

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

51–100 employees

Short description

Spring Creek is a privately-held master-planned real estate developer building a 70-acre sustainable mountain community in Canmore, Alberta. It sells residential condos, operates the Malcolm Hotel, senior living, commercial leasing, and vacation rental management for individual buyers, investors, retirees, and commercial tenants.

Ownership category

akta.pro rank

Product category

Master-Planned Residential Real Estate Development

NAICS

Residential Property Managers (531311), RV (Recreational Vehicle) Parks and Recreational Camps (7212), Recreational and Vacation Camps (except Campgrounds) (721214)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), Hotels & Motels (7011), Hotels, Rooming Houses, Camps & Other Lodging Places (7000), Operators Of Nonresidential Buildings (6512)

akta.pro primary industry

New Development / Declarant Transition Management (BPAJAHAK)

akta.pro secondary industries

Association Maintenance, Vendor & Capital Project Management (BPAJAHAM), HOA / Condominium Association Management (BPAJAFAH), Resort/Second-Home Community Association Management (BPAJAHAI), Mountain & Alpine Lodges (THAGAIAE), Mountain & Wilderness Lodges (THAAAHAE)

Keywords

• Master-planned community development
• Residential condominium sales
• Commercial real estate leasing
• Vacation rental management
• Sustainable building construction

Headquarters

HQ city

Canmore

HQ country

Canada

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Residential Property Sales: Sale of condominiums, townhomes, and estate homes within the master-planned Spring Creek community. Properties range from 1-bedroom to 3+ bedroom units with prices from approximately $350,000 to over $1 million CAD.
2. Commercial Leasing: Lease of retail and commercial spaces in THE BEAT commercial hub within The Tamarack Lodge. Spaces include R101 (11,426 sq ft) and R110 (5,019 sq ft) with 5-10 year terms and operating costs of $10.00/sq ft.
3. Vacation Rentals: Spring Creek Vacations manages vacation rental suites throughout the community. Properties with Tourist Home designation can be used for nightly rentals to help offset mortgage payments for owners.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels10 records

Core offering

Spring Creek develops, sells and leases a master-planned, 70-acre mountain neighbourhood in Canmore, Alberta comprising residential condominiums, townhomes, estate lots, a 65+ senior living community, a four-star boutique hotel, and ground-floor commercial space. Projects are built around sustainability features including community-wide geothermal heating and cooling, BUILT GREEN Platinum certification, and rooftop solar arrays, with flexible zoning that lets owners occupy, rent nightly, or use units as lock-and-leave retreats. The company also operates an in-house vacation rental management business (Spring Creek Vacations) and an on-site Sales Centre that handles both pre-construction sales and re-sales.

Product overview

Spring Creek is a master-planned, multi-phase mountain neighborhood development in Canmore, Alberta spanning 70 acres. The portfolio consists of residential condominiums (Grey Wolf Lodge, Mountain Lynx Lodge & Chalets, Black Swift Lodge, Timberstone Mountain Lodge, The Arnica Lodge, The Tamarack, Jack Pine Lodge, White Spruce Lodge, Creekstone Mountain Lodge, Moraine Ridge Lodge, Glacier Rock Lodge, Rundle Cliffs Lodge), specialty housing (Origin at Spring Creek for seniors 65+), commercial/hospitality (The Malcolm Hotel, The Beat commercial hub, Live/Work spaces), and vacation rental management (Spring Creek Vacations). Properties feature sustainable building practices including geothermal heating/cooling and BUILT GREEN certification. The development targets various segments including permanent residents, vacation homeowners, investors, and retirees, with flexible zoning allowing personal use and short-term rentals.

Differentiator

Problem solved

Functional benefit

Brands

• The Malcolm Hotel: Four-star boutique hotel featuring 124 well-appointed guest rooms, rooftop pool and hot tubs, Stirling Lounge and Grill, Creekside Patio, conference space and meeting rooms
• Origin at Spring Creek
• The BEAT
• Spring Creek Vacations

Products and services

• Grey Wolf Lodge & Chalets

Quantifiable outcome

• Energy efficiency improved by 35% through geothermal systems
• +3 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

Feature4 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• The Malcolm HotelcoreStrategic or Co-development PartnerFour-star, 124-room luxury hotel within the Spring Creek community. Features rooftop pool, hot tubs, Stirling Lounge and Grill, Creekside Patio, conference space and meeting rooms. Located at 321 Spring Creek Drive, Canmore. Represents the hospitality component of the master-planned community.
• Origin at Spring CreekcoreStrategic or Co-development PartnerBow Valley's leading independent living, assisted living, and memory care community. Located at 808 Spring Creek Drive. 110-suite building with 56 full-ownership independent living condominiums and 54 luxury all-inclusive rental suites including 12 memory suites.
• Spring Creek VacationscoreStrategic or Co-development PartnerIn-house vacation rental company managing over 45 vacation suites throughout the community. Provides on-site option to manage vacation rentals for property owners, allowing them to earn rental income or enjoy their condos completely.
• The Malcolm Scottish SocietyminorStrategic or Co-development PartnerNon-profit organization established by developer Frank Kernick to preserve and host the Canmore Highland Games after the original organizing group dissolved. Part of Spring Creek's community-building initiatives.
• Alder Café + GroceryminorChannel Partner/ Reseller/ Distributor40-seat café and farmers' market-style grocery store opening in THE BEAT commercial hub. Part of the eclectic mix of local businesses in Spring Creek's neighborhood commercial space.
• Bridgette BarminorChannel Partner/ Reseller/ DistributorRestaurant from Calgary's Concorde Entertainment Group opening in THE BEAT. Features eclectic décor, chef-driven experience, and outdoor patio with epic Rocky Mountain views.
• Alberta New Home Warranty ProgramcoreImplementation/ SI/ Consulting PartnerBacking up home buyer confidence with technical support and warranty coverage for homeowners. Provides quality assurance for Spring Creek's construction and customer service.

Scale indicators10 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Tridel: Toronto-based high-rise condominium developer with a large multi-project portfolio. Comparable for condominium development expertise and sustainability certifications, though operating in a different urban/suburban segment than Spring Creek.
• Brookfield Residential: Major master-planned community developer in Alberta (e.g., Cranston, Seton in Calgary) and across North America. Comparable in scale and Alberta presence but with broader geographic footprint and institutional ownership.
• FivePoint Holdings: Large-scale U.S. master-planned community developer (e.g., Great Park Neighborhoods in Irvine). Comparable in master-planning approach at scale but operates in California and is institutionally owned/publicly listed.

Direct peers

• Macdonald Development Corporation: Vancouver-based real estate developer with master-planned residential and mixed-use projects in Western Canada. Comparable for multi-phase community development with residential and commercial components.
• Melcor Developments: Alberta-headquartered real estate developer with a long history of master-planned communities and commercial developments across Western Canada. Comparable due to Alberta base, multi-decade master-planning experience, and mixed residential/commercial portfolio.
• Discovery Land Company: U.S.-based developer of luxury private residential communities and mountain resort clubs (e.g., Yellowstone Club, Madison Club). Comparable for mountain luxury resort community development with mixed amenities and high-net-worth buyer focus.
• Anthem Properties: British Columbia-based master-planned community developer behind projects such as South Yorks in New Westminster. Most directly comparable Western Canadian peer building large-scale mixed-use master-planned communities with sustainability focus.
• Centron Group of Companies: Calgary-based real estate developer active in residential and mixed-use projects across Western Canada. Comparable as a regionally focused developer building mid- to high-density communities in Alberta.
• Qualico Communities: Winnipeg-based master-planned community developer operating across Western Canada. Comparable as a multi-phase community developer building integrated residential neighborhoods at scale.
• East West Partners: Aspen-based developer of mountain resort communities across the U.S. Rockies (Beaver Creek, Telluride, Breckenridge). Comparable as a luxury mountain-town master-planned community developer with resort/hospitality components.

Market position

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/SpringCreekAB
• YouTubeyoutube.com/channel/UC8pFjcaJuGzUPynhZ8pbQlg
• Facebookfacebook.com/SpringCreekCanmore
• LinkedInlinkedin.com/company/spring-creek
• Instagraminstagram.com/springcreekcanmore

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries5 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 Spring Creek