Cascadia Green Development

What Cascadia Green Development does

Cascadia Green Development is a private, founder-led real estate developer based in North Vancouver, British Columbia, focused on building residential and mixed-use communities in the Lower Mainland. Founded in 2009 by Farzad Mazarei, the company operates a builder-developer model with self-perform construction capability, completing both luxury single-family homes (Palmerston, Crestline) and multi-family strata projects (Synergy, MacGowan, Queens Landing), alongside larger mixed-use communities now in the active pipeline (INNOVA, VERTEX, 2525 Lonsdale, North Shore Health Pavilion). Its customer base spans families and first-time homebuyers, healthcare workers and first responders served through BC Housing partnerships, physicians and allied health professionals purchasing strata space in the North Shore Health Pavilion, and small business owners utilizing live-work studios.

Revenue is generated through four mechanisms: one-time property sales of condominiums, townhomes, and single-family homes; recurring rental income from retained purpose-built rental buildings (AXIR, 2525 Lonsdale); construction management services for projects and investors; and a recurring rent-to-own pilot program, the first of its kind in Canada. The company sells directly via enterprise field sales and project-specific websites, with no intermediary distribution layer, and maintains formal partnerships with the City of North Vancouver, BC Housing, Community Savings Credit Union, and North Shore Neighbourhood House to support affordable, mixed-tenure developments. Strategic emphasis is placed on community-centred design integrating childcare, plazas, and public gathering spaces, positioning Cascadia as a boutique, innovation-forward developer in the North Shore market.

Name

Cascadia Green Development

Legal name

Cascadia Green Development

Website

https://cascadiagreendev.com

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

11–50 employees

Short description

Cascadia Green Development is a private, founder-led real estate developer in North Vancouver, BC, building residential, mixed-use, and purpose-built rental communities in the Lower Mainland. It serves families, first-time homebuyers, healthcare workers, first responders, and physicians through direct sales and partnerships with BC Housing and municipalities.

Ownership category

akta.pro rank

Headquarters

HQ city

North Vancouver

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Infrastructure, Marketing or Sales

Revenue model

1. Property Development & Sales: Cascadia develops residential condominiums, townhomes, single-family homes, and mixed-use communities for sale, generating revenue through unit sales. Revenue model includes strata sales, live-work unit sales, and single-family home sales.
2. Purpose-Built Rental Income: The company develops and retains purpose-built rental buildings (e.g., 2525 Lonsdale Avenue, AXIR) generating recurring rental income.
3. Construction Management Services: Cascadia provides construction management services for its own projects and potentially for investors, overseeing all phases from concept through construction and handover.
4. Rent-to-Own Program: Innovative Canadian-first rent-to-own pilot project on North Vancouver, providing a pathway from renting to homeownership.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels6 records

Core offering

Cascadia Green Development is a real estate developer that plans, builds, and sells residential and mixed-use properties in the Lower Mainland of British Columbia. Its portfolio includes condominiums, townhomes, single-family homes, purpose-built rental buildings, and commercial/medical strata units, with revenue generated from unit sales, retained rental income, and construction management services. The company integrates community amenities such as childcare, plazas, and retail into its projects and offers innovative ownership pathways including Canada's first rent-to-own pilot.

Product overview

Cascadia Green Development is a real estate development company offering a portfolio of residential and mixed-use properties across the Lower Mainland of British Columbia. The company's product portfolio consists of purpose-built real estate developments including multi-family residential buildings (INNOVA, VERTEX, 2525 Lonsdale Avenue, AXIR), luxury single-family homes (Crestline, Palmerston I, Palmerston II), medical/commercial facilities (North Shore Health Pavilion), and townhome communities (Synergy, MacGowan, Westwood Homes, Queens Landing, Harmony). Services include development planning, strategic partnerships with municipalities and housing organizations, and construction management. The company focuses on creating livable, walkable communities that integrate residential, commercial, and community amenity spaces.

Differentiator

Problem solved

Functional benefit

Products and services

• INNOVA A three-building mixed-use development bringing together residential condominiums, live-work studios, retail spaces, and offices to create a vibrant community hub. Features designer condo homes, accessible suites, two daycare facilities, and a public art program.
• VERTEX A 12-storey mixed-use community featuring shops and cafes at street level, modern office space above, and 110 residential homes ranging from one to three bedrooms.
• 2525 Lonsdale Avenue A modern 6-storey purpose-built rental community bringing new housing options to Upper-Lonsdale, featuring 45 one-bedroom, 14 two-bedroom, and 7 three-bedroom suites, including seven mid-market rental units for affordability.
• North Shore Health Pavilion A five-storey purpose-built medical and professional office building in North Vancouver's Marine Drive corridor, offering physicians and allied health professionals ownership of efficient, light-filled clinical spaces with medical-ready infrastructure, generous ceiling heights, and modern systems designed for clinical use.
• Development Planning Services Comprehensive development management and project management services from concept through design to construction, creating walkable and connected neighbourhoods that serve community needs.
• Strategic Partnerships Collaborations with municipalities, residents, agencies, and investors to deliver projects that expand homeownership and provide lasting community benefits, including partnerships with BC Housing and Community Savings Credit Union.
• Construction Management Professional construction management ensuring stable, secure investments for project investors and home buyers, overseeing every aspect of projects from concept to completion.

Quantifiable outcome

• 15 years of continuous operations and multiple industry innovation awards with a proven record of on-time, on-budget delivery.
• +2 more outcomes

Named customers3 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

Partnerships

Three partnerships are on record, tiered core.

• City of North VancouvercoreStrategic or Co-development PartnerSupported by the City of North Vancouver, Cascadia partners with the municipality to deliver community-focused developments that expand homeownership and deliver lasting benefits. The city supports Cascadia's innovative housing solutions including the rent-to-own pilot.
• North Shore Neighbourhood HousecoreStrategic or Co-development PartnerCascadia partners with North Shore Neighbourhood House to deliver childcare facilities as part of its mixed-use developments, integrating essential community services into new neighbourhoods.
• BC HousingcoreStrategic or Co-development PartnerCascadia delivers affordable homes for healthcare workers and first responders through partnership with BC Housing, British Columbia's housing agency. This partnership enables below-market units in Cascadia developments.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Marcon: Lower Mainland residential developer of apartments, townhomes, and mixed-use projects. Highly comparable to Cascadia in strata multi-family product, BC Lower Mainland focus, and similar project scale.
• Adera Development: Vancouver-based residential developer specializing in multi-family wood-frame and concrete condos in Metro Vancouver and the Lower Mainland. Closely comparable to Cascadia in product type (low- and mid-rise strata), target buyer (first-time/family), and BC geographic focus.
• Polygon Homes: British Columbia-focused residential developer building condominiums, townhomes, and single-family communities across the Lower Mainland and Vancouver Island. Most direct peer to Cascadia given overlapping product (multi-family strata), same regional geography, and similar mid-market buyer focus.
• British Pacific Properties: West Vancouver-based luxury residential developer with a long history on the North Shore. Comparable to Cascadia in North Shore/West Vancouver luxury single-family focus (Palmerston, Crestline-equivalent product) and in geographic overlap.
• Concert Properties: BC-based developer of residential rental, condominium, and mixed-use communities with a long operating history. Comparable to Cascadia in purpose-built rental product, mixed-use community design, and BC regional concentration.
• Cressey Development Group: Metro Vancouver residential and mixed-use developer with a strong strata condominium pipeline. Comparable to Cascadia in mixed-use communities, multi-family strata product, and Metro Vancouver/North Shore geography.

Broad incumbents

• Westbank Corp: Vancouver-based developer of luxury residential, mixed-use, and cultural projects including high-profile towers. Comparable in mixed-use community ambition and Vancouver focus, but operates at much larger scale and includes commercial/cultural components beyond Cascadia's scope.
• Bosa Development: One of the largest residential developers in Metro Vancouver, building high-rise strata and rental towers. Comparable product (multi-family strata in Greater Vancouver) but at significantly greater scale and broader geographic scope than Cascadia.
• Onni Group: Vancouver-based developer of residential rental, condominium, office, and retail projects across North America. Comparable in purpose-built rental and mixed-use strata product within Metro Vancouver, but operates as a much larger diversified real estate platform.
• Wesgroup Properties: BC-based real estate company developing purpose-built rental, condominium, and mixed-use communities across Metro Vancouver. Comparable in rental/condo mix and BC geography, but at larger scale with broader portfolio diversification.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/cascadiagreendevelopment
• LinkedInlinkedin.com/company/cascadia-green-development
• Instagraminstagram.com/cascadiagreendevelopment

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 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 Cascadia Green Development