OpenForm Properties
- Company typePrivate
- Founded2018
- HeadquartersVancouver, Canada
- Headcount11–50
- GTM typeB2B and B2C
- OfferingServices
OpenForm Properties firmographics
Firmographics- Name
- OpenForm Properties
- Legal name
- OpenForm Properties Ltd.
- Website
- https://openformproperties.ca
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
OpenForm Properties industry classification
Industry- Product category
- Real Estate Development
- NAICS
- New Housing For-Sale Builders (236117), Lessors of Residential Buildings and Dwellings (53111), Land Subdivision (2372)
- SIC
- Operative Builders (1531), Land Subdividers & Developers (No Cemeteries) (6552)
- 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
Where OpenForm Properties is headquartered
LocationHeadquarters
- HQ city
- Vancouver
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
OpenForm Properties business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Supply Chain, Operations, Marketing or Sales, Personnel, Others
Revenue model
- Residential Strata Sales: OpenForm generates revenue through the sale of residential strata units including townhomes and apartments. Projects include E15 Just Off Main (49 townhomes) and Burnaby residential towers. Revenue is realized upon closing of sales to end homebuyers.
- Purpose-Built Rental Development: OpenForm develops purpose-built rental projects including the Easthill project at Renfrew and Broadway, and rental towers in Burnaby. Revenue is generated through development and long-term property ownership/leasing.
- Commercial and Industrial Strata Sales: The company sells commercial strata units including light industrial and office spaces. The 288W8 project in Mount Pleasant offers 49,000 square feet across 18 strata units for creative industrial and office use.
- Joint Venture Development: OpenForm partners with other developers (such as Epta Development Corp) on joint venture projects. The company earns revenue through development fees, equity participation, and profit sharing from collaborative projects.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Pay-as-you-go | E15 townhome pricing ranged from studios to three-bedroom units |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels7 records
OpenForm Properties product offering
Product offeringCore offering
OpenForm Properties is a design-driven real estate developer that builds and sells residential strata units (townhomes, apartments, high-rise condominiums), purpose-built rental housing, and commercial/industrial strata properties across Metro Vancouver and Burnaby. The company develops projects from acquisition through construction to homeowner possession, and also partners on joint venture developments such as the Easthill project with Epta Development Corp.
Product overview
OpenForm Properties is a design-driven real estate developer based in Vancouver, BC, offering a diverse portfolio of residential and commercial developments. Their product portfolio includes residential strata projects (townhomes, apartments, high-rise condominiums), purpose-built rental developments, and commercial/industrial strata properties across Metro Vancouver. Key residential products include E15 Just Off Main (award-winning townhome community), Easthill (joint venture rental project), and two Burnaby high-rise projects. Commercial offerings include 288W8 (light industrial/office strata), West 5th Ave. mixed-use dealership complex, and the 1485 Davie Street rental project. The company operates as part of OpenRoad Auto Group and focuses on design-forward developments in well-located urban areas.
Differentiator
Problem solved
Functional benefit
Products and services
- E15 Just Off Main Award-winning 49-unit townhome community in Mount Pleasant, Vancouver, featuring townhomes, garden flats, and urban residences ranging from studios to three-bedroom units with rooftop decks. Built for individual homebuyers seeking design-quality ownership housing.
- 288W8 Commercial Strata Commercial strata offering of creative industrial and office space in Mount Pleasant, Vancouver. Six-storey building with 49,000 square feet of space across 18 strata units, featuring light industrial on lower levels and office space above, with amenity space on the top floor. Targeted at business owners and entrepreneurs.
- Easthill (Joint Venture with Epta Development Corp) Joint venture residential and commercial development with Epta Development Corp at Broadway and Renfrew Street in Vancouver. Falls within the Rupert Renfrew Station Area Plan, spanning a full city block. Two proposed buildings targeted for construction starting second half of 2025 with completion in 2028.
- Burnaby Project #1 (41-Storey Residential Tower) 41-storey residential tower in Metrotown, Burnaby featuring horizontal and vertical design elements, impeccable interiors, views of North Shore Mountains and Fraser Valley, and proximity to transit and Metrotown shops.
- Burnaby Project #2 (Mixed-Use with Townhouses) Mixed-use development in Burnaby featuring a tower with townhouses engaging a neighbourhood park. Includes a porte cochere, double-height lobby, spacious interiors with high-quality details, and views across the city and mountains. Near Metrotown SkyTrain station.
- West 5th Ave. and Burrard Street Mixed-Use Project Over 200,000 square foot mixed-use development featuring car dealership, industrial, office, and cafe spaces. Includes BMW, Mini, Motorrad, and Rolls Royce dealership components in a six-storey building.
- 1485 Davie Street Rental Development Purpose-built rental project at 1485 Davie Street in Vancouver's West End. The 25,941-square-foot site is near Sunset Beach and English Bay and presents a significant redevelopment opportunity for high-rise residential development.
Quantifiable outcome
- E15 project sold 75% of homes within first two weeks of sales
- +1 more outcomes
Companies that use OpenForm Properties
Customer profileNamed customers2 records
Segments3 records
Ideal customer profiles3 records
OpenForm Properties technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
OpenForm Properties partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Epta Development CorpcoreOpenForm Properties and Epta Development Corp formed a joint venture called Easthill Development Limited Partnership to collaborate on a major residential and commercial development at the northeast corner of Broadway and Renfrew Street in Vancouver. The project falls within the Rupert Renfrew Station Area Plan and is targeted for construction starting in the second half of 2025 with completion expected in 2028. EDC acquired the property in 2018 and has been working with City of Vancouver staff; OpenForm joined as a partner to bring development expertise and a shared vision for creating a dynamic community centered around a key transit hub.
Scale indicators5 records
Recent moves7 records
Expansion highlights6 records
OpenForm Properties competitors and assessment
Company assessmentDirect peers
- Intracorp Homes: Vancouver-based residential developer focused on concrete high-rise condominiums and townhomes in Metro Vancouver — directly comparable product offering and market footprint.
- Cressey Development Group: Vancouver-based multi-family residential developer with similar mid-rise and high-rise strata + rental focus in Metro Vancouver. OpenForm's current President Jason Turcotte is a Cressey alumnus, making this the most directly comparable peer.
- Edgar Development: Vancouver-based multi-family residential and rental developer of mid-rise projects in Metro Vancouver — closely comparable peer to OpenForm on size, geography, and product type.
- Epta Development Corp: Vancouver developer specializing in multi-family residential and mixed-use projects; OpenForm's active JV partner on the Easthill Broadway/Renfrew project, making it a directly comparable peer of similar size and product focus.
- Darin Properties: Vancouver boutique developer of design-forward residential and mixed-use projects, including townhomes — comparable in scale and design-led positioning to OpenForm's residential strategy.
Broad incumbents
- Polygon Homes: BC's largest residential homebuilder with deep urban townhome and condo portfolio across Metro Vancouver and Victoria — direct competitor for OpenForm's townhome and condominium projects at higher volume scale.
- Concord Pacific: Canada's most recognized large-format master-planned community developer anchored by the Concord Pacific Place site in Vancouver — comparable in residential strata and master-planned community focus but at significantly larger project scale.
- Onni Group: Diversified BC real estate company developing residential strata, rental, commercial, and mixed-use across Metro Vancouver — direct overlap across all of OpenForm's product categories with broader scale and US exposure.
- Wesgroup Properties: Larger, established BC-based developer active across residential strata, purpose-built rental, and mixed-use in Metro Vancouver and Surrey — overlapping with OpenForm's product mix but at materially greater portfolio scale.
- Bosa Properties: BC family-owned developer of high-rise residential, mixed-use, and commercial strata in Metro Vancouver — comparable product overlap (residential and commercial strata) with broader project scale and capital base.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat3 records
Key risks5 records
Key highlights6 records
Customer concentration
OpenForm Properties social profiles
Digital presenceOpenForm Properties financial estimates
Financial estimateRevenue estimate
Valuation estimate
OpenForm Properties leadership team
Management profileNumber of profiles
Profiles12 records
OpenForm Properties funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
OpenForm Properties 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 OpenForm Properties
What does OpenForm Properties do?
OpenForm Properties is a design-driven real estate developer that builds and sells residential strata units (townhomes, apartments, high-rise condominiums), purpose-built rental housing, and commercial/industrial strata properties across Metro Vancouver and Burnaby. The company develops projects from acquisition through construction to homeowner possession, and also partners on joint venture developments such as the Easthill project with Epta Development Corp.
Is OpenForm Properties a public or private company?
OpenForm Properties is a private company. It is classified as corporate owned and is currently operating.
When was OpenForm Properties founded?
OpenForm Properties was founded in 2018. It employs 11 to 50 people.
Where is OpenForm Properties based?
OpenForm Properties is headquartered in Vancouver, Canada, in the North America region.
How does OpenForm Properties make money?
Four revenue lines are on record. Residential Strata Sales are the primary driver. The others are purpose-Built Rental Development, commercial and Industrial Strata Sales and joint Venture Development.
Who are OpenForm Properties's main competitors?
Direct peers on record are Intracorp Homes, Cressey Development Group, Edgar Development, Epta Development Corp and Darin Properties. Broad incumbents are Polygon Homes, Concord Pacific, Onni Group, Wesgroup Properties and Bosa Properties.
Does OpenForm Properties have an API?
No public API is recorded for OpenForm Properties.
What industry is OpenForm Properties in?
OpenForm Properties's product category is Real Estate Development. Its primary akta.pro industry code is IMAFABAL, Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities), with a secondary code of IMAFABAD, Spec Home / Production Homebuilding (Tract & Volume Builders). Its NAICS code is 236117 and its SIC code is 1531.