Aquilini Development

What Aquilini Development does

Aquilini Development is a Vancouver-based, family-run residential builder-developer that has been operating as part of the Aquilini Group since the company was founded in 1956. The firm specializes in master-planned residential communities across British Columbia — primarily in Metro Vancouver, with expansion into Kelowna, Chilliwack, and Squamish — and is distinguished by long-standing co-development partnerships with the Musqueam, Tsleil-Waututh, Squamish, and Tsawwassen First Nations on large-scale Indigenous-led projects. Its product portfolio spans single-family homes, townhomes, duplexes, condominiums, purpose-built rental, and mixed-use developments such as Boardwalk, k'asən Village, Heather Lands, Willingdon Lands, and the proposed Garibaldi at Squamish resort. The company monetizes primarily through one-time residential unit sales at presentation centres and show homes, supplemented by recurring rental income from properties such as Aquilini Centre and Santa Fe, and uses a leasehold tenure model on First Nations lands to offer homes 15-20% below comparable freehold prices.

Underlying technology is conventional for the real estate development sector: LEED-certified sustainable construction practices (including LEED Platinum experience on the Olympic Village), a sales-led go-to-market executed at physical presentation centres with supplementary video calling, and a post-sale property management layer delivered through third-party platforms Duka Intelligence, TribeHome App, and bazinga! for resident communication and work-order management. There is no proprietary software, API, or AI/ML capability disclosed. The company's core customer base is fragmented individual home buyers across multiple price tiers ($380K leasehold condos through $1.6M+ oceanfront duplexes), segmented into individual home buyers, first-time buyers, First Nations communities, and real estate investors, with sales teams, in-person presentations, and digital listings as the primary channels.

Name

Aquilini Development

Legal name

Aquilini Development

Website

https://aquilinidevelopment.com

Company type

Private

Founded year

1956

Operating status

Operating

Headcount range

51–100 employees

Short description

Aquilini Development is a Vancouver-based, family-run residential builder-developer founded in 1956 that builds master-planned communities across British Columbia, primarily in partnership with the Musqueam, Tsleil-Waututh, Squamish, and Tsawwassen First Nations, serving individual home buyers, first-time buyers, and investors.

Ownership category

akta.pro rank

Product category

Residential Real Estate Development

NAICS

New Housing For-Sale Builders (236117), Residential Building Construction (23611), Land Subdivision (23721), Commercial and Institutional Building Construction (23622), New Multifamily Housing Construction (except For-Sale Builders) (236116)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), General Bldg Contractors - Residential Bldgs (1520), Hotels, Rooming Houses, Camps & Other Lodging Places (7000), Services-To Dwellings & Other Buildings (7340), Services-Facilities Support Management Services (8744)

akta.pro primary industry

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

akta.pro secondary industries

Community Development & Neighborhood Revitalization (CDBG, Place-Based Initiatives) (BPAIANAE), Affordable Housing & Community Development (Housing, Community Land Trusts) (BPAGALAC), State/Provincial Housing, Urban/Regional Planning & Community Development (BPAIABAM), Residential Affordable Housing Development & Construction (IMAFABAI), Retail & Mixed-Use Commercial Construction (IMAFACAB)

Keywords

• Residential real estate development
• Master-planned communities
• Condominium home builder
• Townhome and duplex development
• Mixed-use real estate

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Residential Property Sales: Primary revenue from developing and selling residential properties including single-family homes, townhomes, condominiums, and duplexes across Metro Vancouver and other BC communities
2. Rental Properties: Revenue from purpose-built rental communities including market rental, moderate-income rental, and non-market rental units
3. Community Amenities and Services: Revenue from community amenities including beach house, pool, fitness centres, and other shared facilities for residents

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

Aquilini Development is a Vancouver-based residential builder-developer that designs, constructs, and sells or rents master-planned communities, condominiums, townhomes, single-family homes, duplexes, and mixed-use developments across British Columbia. The company partners with First Nations communities on Indigenous-led developments and emphasizes sustainable, full-circle community design. Revenue is generated primarily through one-time home sales and recurring rental income from purpose-built rental properties.

Product overview

Aquilini Development is a Vancouver-based residential builder-developer operating as a family business since 1956. The company's product portfolio consists of distinct master-planned communities and residential developments across British Columbia, primarily in the Lower Mainland. Core product lines include Boardwalk (waterfront community in Tsawwassen with single-family homes, townhomes, duplexes, and condominiums), Seymour Village (waterfront townhome and condominium phases in North Vancouver), Tsawwassen Shores (first Nations-partnered community now sold out), and kʷasən Village (40-acre Burnaby masterplan with Musqueam and Tsleil-Waututh partnership). The company also develops mixed-use urban projects including Aquilini Centre (downtown Vancouver rentals), heritage properties like Santa Fe and The Maynards Block, and is partnered on major Indigenous-led developments including Heather Lands (Vancouver) and Willingdon Lands (Burnaby). A proposed $3.5 billion ski resort project, Garibaldi at Squamish, is also in development. The company utilizes homeowner management platforms including Duka Intelligence, TribeHome App, and bazinga! for resident communication and property management services.

Differentiator

Problem solved

Functional benefit

Products and services

• Boardwalk Tsawwassen's only new waterfront community featuring single-family homes, townhomes, duplexes, and condominiums in partnership with Tsawwassen First Nation landowners. Includes beach clubhouse, pool, jacuzzi, and fitness centre amenities.
• Salt & Meadow at Boardwalk
• Ocean Row at Boardwalk Premier waterfront townhome collection at Boardwalk offering 3-bedroom oceanfront duplex and fourplex homes from $1,169,900, move-in ready with 1,450 sf living space.
• Boardwalk6 Townhomes Limited collection of 3 Bed + 2.5 Bath townhomes with exclusive parkside location near the Beach House amenity and pool, steps to Salmon Park at Boardwalk.
• Boardwalk5 Duplexes Phase 5 duplex collection at Boardwalk with 3 bed + 2.5 bath duplexes offering approximately 1,450 SF of living space across 2 floors with attached 2 car side-by-side garage.
• Boardwalk5 Townhomes Three bedroom townhomes at Boardwalk offering best value in Metro Vancouver, 15 minutes from Richmond in Tsawwassen with access to Beach House Amenity and Pool.
• Boardwalk7 Single Family Homes and Townhomes East end phase of Boardwalk featuring single family homes and townhomes with access to Elderberry Park and a private outdoor amenity called Party Park.
• Lupine Walk at Seymour Village First condominium offering at Seymour Village in North Vancouver featuring two 6-storey buildings perched on Raven Wood Drive.
• k'asən Village 40-acre fully imagined community in central Burnaby with residences, parks, local shops, and specialty grocers. Largest masterplan community in central Burnaby, partnership between Musqueam, Tsleil-Waututh, and Aquilini Development with homes starting at $399,900.
• χews/Xaws – The New Village 21-acre innovative neighbourhood in Vancouver's West Side between Queen Elizabeth Park and VanDusen Botanical Gardens, featuring boutique retail, local grocer, daycare centre, and preserved green spaces. Coming 2026.
• Heather Lands 21-acre redevelopment of former BC RCMP headquarters campus in Vancouver, partnership of Musqueam, Squamish, Tsleil-Waututh First Nations, Canada Lands Company, and Aquilini Development. Approximately 2,600 homes including strata, market rental, and moderate income rental units.
• Willingdon Lands 40-acre First Nation-led urban village development in Burnaby with over 5,200 housing units, 450,000 sq ft film studio, cultural centre, and over 3,000 new long-term jobs. Partnership between Musqueam, Tsleil-Waututh, and Aquilini Development.
• The Maynards Block Vancouver landmark anchoring the Cambie Street Bridge entrance to downtown. Curved glass façade complemented by heritage building with elements of original Maynards Auction House retained.
• Aquilini Centre Mixed-use community in downtown Vancouver's Arena District with two high-rise concrete towers available for rent, offering studios, 1 bed, 2 bed plus den, and penthouse suites with modern finishes and water/city views.
• Santa Fe Boutique rental community paired with restoration of 1928 heritage building in Vancouver's Fairview neighbourhood, retaining original Period Revival architecture and charm.
• The Village on False Creek Home of the 2010 Olympic and Paralympic Athletes' Village, landmark contemporary architecture on False Creek's waterfront in Vancouver.
• King Edward Village First development of its kind in East Vancouver's Cedar Cottage neighbourhood, transforming the area with two towers flanked by amenities including grocery, banks, retail, and public library.
• Richards Downtown Vancouver residential community in Yaletown with 100 Walk Score, featuring high-rise and preserved heritage homes.
• Destiny Located in North Vancouver's Raven Woods community on Aldercrest Drive, featuring Club Destiny with 5,025 sq ft clubhouse, fitness centre, lounge, 8-person theatre room, and outdoor terrace.
• Coast at Tsawwassen Shores First condominium building in Tsawwassen Shores offering affordable homes with stunning mountain and water views towards the Salish Sea.
• Aerie Walk & Pelican Cove at Tsawwassen Shores Classic Craftsman townhomes situated among green spaces and parks in Tsawwassen Shores, with over 150 homes completed and occupied.
• Tsawwassen Shores One, Two, and Three First community built in partnership with Tsawwassen First Nation landowners. Includes Boardwalk Trail and public infrastructure elements.
• Peregrine North at Tsawwassen Shores Final phase at Tsawwassen Shores featuring 200 condominiums in 2 buildings with the NEST Clubhouse Amenity.
• Peregrine South at Tsawwassen Shores Final phase at Tsawwassen Shores, sold out and completed.
• Sopa Square Mixed-use building in Kelowna's South Pandosy neighbourhood with commercial/retail on first two floors and 12 levels of residential above, featuring striking architecture and Okanagan Lake views.
• Camden at the Falls Fully-finished and semi-custom single-family homes at The Falls Golf Club in Chilliwack's foothills of Mount Cheam, with golf course valley and mountain views.
• 3200 East Broadway Located on former BC Liquor Distribution Branch site on East Broadway in Vancouver, co-owned by Musqueam, Squamish, Tsleil-Waututh Nations and Aquilini Development, with easy access to Rupert SkyTrain Station. Currently in early planning stages.
• Garibaldi at Squamish Proposed all-season resort approximately 10 minutes north of downtown Squamish on Brohm Ridge, expected $3.5 billion investment in partnership with Northland Properties. Projected to create over 3,000 full-time long-term jobs.

Quantifiable outcome

• Over 500 new homes built in Tsawwassen in 5 years
• +4 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature2 records

Partnerships

Nine partnerships are on record, tiered core, flagship and minor.

• Canada Lands CompanycoreStrategic or Co-development Partner · 7 November 2024Canada Lands Company, a federal crown corporation, partnered with Musqueam, Squamish, and Tsleil-Waututh Nations for the Heather Lands redevelopment. Aquilini Development is working with the MST Nations to advance and construct this 21-acre project.
• Tsawwassen First Nation LandownerscoreStrategic or Co-development Partner · 1 May 2019Partnership with individual Tsawwassen First Nation landowners for Boardwalk, the second master-planned waterfront community in Tsawwassen. This follows the successful Tsawwassen Shores development with over 200 residents and 400+ homes sold.
• Musqueam Indian Band and Tsleil-Waututh NationflagshipStrategic or Co-development Partner · 19 November 2014Aquilini Development partnered with Musqueam and Tsleil-Waututh Nations to purchase the Willingdon Lands in 2014 for $57.9 million. Together they developed a master plan for a contemporary Indigenous urban village with over 5,000 housing units, a 450,000-square-foot film studio, and cultural centre. This is one of the largest First Nation-led real estate projects in Metro Vancouver.
• Squamish NationcoreStrategic or Co-development Partner · 1 March 2014Squamish Nation joined the First Nations partnership alongside Musqueam, Tsleil-Waututh, and Aquilini Development for various development projects including Heather Lands. Together these three Nations control an estimated $5 billion in land and property in Metro Vancouver.
• Musqueam, Squamish, and Tsleil-Waututh Nations (3200 East Broadway)coreStrategic or Co-development PartnerCo-owned development with three First Nations on the former BC Liquor Distribution Branch site on East Broadway in Vancouver, located near Rupert SkyTrain Station. Currently in early planning stages.
• TD Bank, RBC, BMOminorOthersPartner banks available to assist homebuyers with mortgage pre-approvals and rate information during the property purchase process.
• Greater Vancouver Food Bank, Salvation Army, Strathcona Community CentreminorOthersCommunity partners for Canucks COVID-19 Community Meal Program, where the team donated meals to families in need during the pandemic.
• Canucks Sports & Entertainment, Canucks For Kids Fund, Toptable Group, La Tablée des ChefsminorOthersPartners supporting the Canucks COVID-19 Community Meal Program that delivered meals to families across Vancouver's Lower Mainland.
• Musqueam, Tsleil-Waututh, Squamish and Tsawwassen First NationsflagshipStrategic or Co-development PartnerAquilini Development's extensive portfolio of partnerships includes ongoing collaborations with these four First Nations for various development projects across Metro Vancouver. The company emphasizes treating partners with same level of care as family.

Scale indicators12 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Mattamy Homes: Largest privately held homebuilder in North America with single-family and townhome communities across Canada. Comparable as a broad Canadian for-sale homebuilder, though its primary geographies and scale exceed Aquilini's BC focus.

Direct peers

• Centurion Asset Management: Canadian owner-operator of purpose-built rental apartments including affordable and student housing. Comparable on Aquilini's purpose-built rental revenue stream and multi-family exposure in Canadian markets.
• Onni Group: Vancouver-based diversified developer of high-rise residential, rental, commercial, and mixed-use projects in BC and select US markets. Comparable in residential and purpose-built rental product mix and Lower Mainland focus.
• Canada Lands Company: Federal Crown corporation that redevelops surplus federal lands, partnering with First Nations on major urban projects including Heather Lands alongside Aquilini. Directly comparable as a co-development partner on shared pipeline assets.
• Intracorp Homes: Vancouver residential developer of boutique and mid-rise condominium and townhome communities across Metro Vancouver. Comparable on product type and target buyer segments in the same core geography.
• Concord Pacific: Vancouver-based master developer of large-scale master-planned communities including Concord Pacific Place, City of Lougheed, and Brentwood. Closest direct peer given shared focus on Metro Vancouver high-density, mixed-use, master-planned residential communities.
• Wesgroup Properties: BC-based builder-developer of master-planned residential communities and mixed-use projects, with active inventory across the Lower Mainland. Comparable in scale, geography, and master-planned community approach.
• Polygon Homes: BC-focused residential builder-developer of single-family homes, townhomes, and condominiums across Metro Vancouver and the Lower Mainland. Highly comparable in product type (for-sale strata communities), buyer segments, and operating geography.

Emerging players

• Musqueam Capital Corporation: Investment arm of Musqueam Indian Band, a direct First Nations partner on Willingdon Lands and k'asən Village with Aquilini. Comparable as an Indigenous-led real estate and development entity in the same Metro Vancouver ecosystem.

Regional players

• Holborn Group: Vancouver-area developer of residential, mixed-use, and master-planned projects, including First Nations partnerships. Comparable in geography and Indigenous-led community development, with somewhat narrower project portfolio.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xtwitter.com/AquiliniDev
• Facebookfacebook.com/aquilinidevelopment
• LinkedInlinkedin.com/company/aquilini-development-and-construction/about
• Instagraminstagram.com/aquilinidevelopment

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 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 Aquilini Development