CANDEREL RESIDENTIAL HOLDINGS INC.

What CANDEREL RESIDENTIAL HOLDINGS INC. does

Canderel Residential Holdings Inc. (operating as Canderel Residential / Canderel Résidentiel) is a privately held Canadian residential real estate developer founded in 1978 and headquartered at 151 Bloor Street West in Toronto. The company develops, markets, and sells luxury condominium residences and rental properties across four major Canadian metropolitan markets (Toronto, Montreal, Ottawa, and Vancouver), with over 8,000 condominiums marketed and sold cumulatively, more than 80 million square feet of owned, managed and developed properties, and a lifetime project portfolio exceeding $20 billion in acquisitions, development and managed projects.

The core product is luxury for-sale condominiums across high-rise towers (e.g., 66-storey YC Condominiums, the 54-storey Tour des Canadiens 2, 55-storey Tour des Canadiens 3), mid-rise buildings (908 St. Clair, 625 Sheppard, UpperWest), and master-planned mixed-use communities (Forêt Forest Hill). Notable technical features in the portfolio include the Aqua 66 rooftop infinity pool, first-of-its-kind home automation for unit-level monitoring and control, and innovative structural damping technology. Go-to-market is direct-to-consumer via on-site sales centers, model homes, pre-construction sales events, and realtor referral partnerships, complemented by digital marketing, PR, and bilingual English/French web presence.

Revenue is generated primarily through one-time condominium unit sales, supplemented by recurring rental income from a rental residential portfolio. Pricing is quote-based and not publicly disclosed. The company pursues joint ventures and co-developments with institutional capital partners including KingSett Capital (St. Clair Village), Cadillac Fairview and Fonds de Solidarité FTQ (Quad Windsor / Tour des Canadiens trilogy), and Minto (UpperWest), while monetizing brand partnerships such as the Montreal Canadiens hockey franchise at Tour des Canadiens. Customer focus is affluent individual homebuyers and yield-driven investors seeking premium urban residences in Canada's largest cities.

Name

CANDEREL RESIDENTIAL HOLDINGS INC.

Legal name

Canderel Residential Inc.

Website

https://canderelresidential.com

Company type

Private

Founded year

1978

Operating status

Operating

Short description

Canderel Residential is a privately held Canadian luxury residential developer founded in 1978 that builds and sells condominium towers and rental properties across Toronto, Montreal, Ottawa, and Vancouver, serving affluent homebuyers and yield-driven investors.

Ownership category

akta.pro rank

Product category

Residential Real Estate Development

NAICS

Residential Building Construction (2361), New Housing For-Sale Builders (236117), New Multifamily Housing Construction (except For-Sale Builders) (236116)

SIC

General Bldg Contractors - Residential Bldgs (1520), Land Subdividers & Developers (No Cemeteries) (6552), Operators Of Apartment Buildings (6513), Operators Of Nonresidential Buildings (6512)

akta.pro primary industry

Residential Design-Build & Renovation-Integrated Builders (IMAFABAE)

Keywords

• Residential real estate development
• Luxury condominium development
• High-rise construction
• Master-planned communities
• Rental property management

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices7 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Condominium Sales: Revenue generated from the sale of condominium units to individual homeowners. Pre-construction sales, direct sales, and completed project sales across major Canadian cities including Toronto, Montreal, Ottawa, and Vancouver.
2. Rental Properties: Revenue from rental property operations as part of the company's diversified residential portfolio.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Canderel Residential develops, markets, and sells luxury condominium and rental residential properties in major Canadian cities including Toronto, Montreal, Ottawa, and Vancouver. The company delivers high-rise towers, mid-rise buildings, and master-planned mixed-use communities, with sales through on-site model homes, pre-construction events, and realtor partnerships.

Product overview

Canderel Residential is a Canadian real estate developer specializing in condominium and rental residential developments. The company operates a portfolio of named projects across major Canadian cities including Toronto, Montreal, Ottawa, and Vancouver. Their product offerings include high-rise towers (YC Condominiums at 66 floors, Tour des Canadiens towers at 54-55 floors), mid-rise buildings (908 St.Clair, 625 Sheppard, UpperWest), and mixed-use communities (Forêt Forest Hill). Projects range from luxury condominiums to urban townhomes, with amenities including infinity pools, home automation, fitness centers, and private dining facilities. The company has delivered over 8,000 condominiums and manages developments representing over $20 billion in acquisitions.

Differentiator

Problem solved

Functional benefit

Brands

• Forêt Forest Hill: Luxury condominium community in Toronto's Forest Hill area
• 908 St.Clair
• 900 St.Clair
• 625 Sheppard
• Tour des Canadiens
• YC Condominiums
• Aura at College Park
• DNA Series
• UpperWest
• Luxe Lansdowne

Products and services

• Forêt Forest Hill A three-tower mixed-use community in Toronto's Forest Hill area, representing the largest master-planned community in Forest Hill, featuring luxury condominiums with first-floor retail.
• 908 St.Clair A luxury condominium community in Toronto's St. Clair Village, featuring well-appointed features inspired by St. Clair West Village, near Cedarvale and Forest Hill neighborhoods.
• 900 St.Clair A luxury condominium in Toronto's St. Clair Village community, developed in partnership with KingSett Capital.
• 625 Sheppard

Quantifiable outcome

• 8,000+ condominiums successfully marketed and sold to satisfied homeowners
• +1 more outcomes

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

15 partnerships are on record, tiered core and supporting.

• Kingsett (Kingsett Capital)coreStrategic or Co-development PartnerKingsett Capital is a key equity partner in the St. Clair Village community development, including 900 St. Clair West and 908 St. Clair projects. The partnership leverages Kingsett's real estate investment expertise alongside Canderel's development capabilities.
• TACT ArchitecturecoreTechnology or IntegrationTACT Architecture serves as the Design Architect for 908 St. Clair project, responsible for the creative vision and design approach of the luxury condominium development.
• Cumulus Architects Inc.supportingTechnology or IntegrationCumulus Architects Inc. is the project architect for 908 St. Clair, working in collaboration with the design architect to realize the building's architectural vision.
• DesigngenicssupportingTechnology or IntegrationDesigngenics is the interior designer for 908 St. Clair, responsible for interior design elements and aesthetic choices throughout the development.
• Club De Hockey CanadiencoreStrategic or Co-development PartnerThe Montreal Canadiens hockey team is a strategic partner in the Tour des Canadiens trilogy (TDC1, TDC2, TDC3). The partnership integrates hockey-themed amenities and branding into the developments, with direct connection to Centre Bell arena.
• Cadillac FairviewcoreStrategic or Co-development PartnerCadillac Fairview is a co-developer of the Tour des Canadiens 2 and Tour des Canadiens 3 projects, part of the larger Quad Windsor development valued at $2 billion in downtown Montreal.
• Page + Steele / IBI Group ArchitectscoreTechnology or IntegrationPage + Steele / IBI Group Architects serves as the architect for Tour des Canadiens 2, responsible for the 54-storey tower's architectural design.
• Huma DesignsupportingTechnology or IntegrationHuma Design is the interior designer for Tour des Canadiens 2, creating the luxury interior spaces and amenities throughout the building.
• MintocoreStrategic or Co-development PartnerMinto is the development partner for UpperWest in Ottawa, a 25-storey condominium project in the Westboro neighbourhood with views of the Ottawa River and Gatineau Hills.
• Wallman ArchitectscoreTechnology or IntegrationWallman Architects is the architect for UpperWest in Ottawa, responsible for the landmark 25-storey building's fluid glass design and panoramic views.
• EsQape Design Inc.supportingTechnology or IntegrationEsQape Design Inc. is the interior designer for UpperWest, creating sophisticated interior spaces including the lounge, dining room, and fitness centre.
• Graziani + Corazza ArchitectscoreTechnology or IntegrationGraziani + Corazza Architects is the architect for YC Condominiums, a 66-storey tower that re-energizes the Toronto skyline with timeless architecture.
• BurdifilekcoreTechnology or IntegrationBurdifilek is the interior designer for YC Condominiums, responsible for the luxurious interior design including the Aqua 66 amenities and model suites.
• IBI Group ArchitectscoreTechnology or IntegrationIBI Group Architects is the architect for Tour des Canadiens 3, the 55-storey third tower in the Quad Windsor development in Montreal.
• CAMDI DesignsupportingTechnology or IntegrationCAMDI Design is the interior designer for Tour des Canadiens 3, providing interior design services for the 55-storey tower.

Scale indicators5 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Concord Pacific: Concord Pacific is Canada's largest master-planned condominium developer, headquartered in Vancouver with a national footprint including Toronto and Montreal. Directly comparable in building large-scale master-planned condo communities targeting affluent urban buyers.
• Minto Group: Minto is a Canadian developer and builder of condominium and rental communities headquartered in Ottawa with national operations. Comparable as a private residential developer and a current Canderel JV partner (UpperWest in Ottawa).
• Tridel: Tridel is Canada's largest condominium developer with deep Toronto and GTA focus. Directly comparable as a long-standing, privately-held, Toronto-headquartered condo developer selling high-rise and mid-rise residences to similar affluent buyers.
• Pinnacle International: Pinnacle International is a Vancouver-based developer of luxury condominium towers and master-planned communities with presence in Toronto. Comparable as a private developer of high-rise luxury residences targeting similar affluent end-buyers.
• The Daniels Corporation: Daniels is a major Toronto-based residential developer operating under the City of Toronto's affordable housing program and building market-rate condos. Directly comparable as a GTA-focused private condo developer with a similar urban high-rise product profile.
• Menkes Developments: Menkes is a major Toronto-based, family-owned developer of condominium, office, and industrial properties. Highly comparable as a long-tenured, private GTA residential developer with a similar luxury mid- and high-rise condo product portfolio.

Emerging players

• Lamb Development Corp: Lamb Development Corp is a boutique Toronto-based developer focused on luxury mid-rise and condominium developments in prime neighborhoods. Comparable as a private, design-led condo developer competing for similar affluent GTA buyers, though smaller in scale.
• Fitzrovia Real Estate: Fitzrovia is a Toronto-based developer of high-end boutique condominium projects in Yorkville, Rosedale, and similar premium neighborhoods. Comparable as a private luxury condo developer targeting the same affluent Toronto buyer segment.

Broad incumbents

• Mattamy Homes: Mattamy is the largest privately-held homebuilder in North America, focused primarily on single-family homes but with growing condominium operations in Toronto and Montreal. Comparable as a large private Canadian residential builder, though product skews to low-rise.
• Brookfield Residential: Brookfield Residential is the homebuilding arm of Brookfield Asset Management, operating master-planned communities and condominium developments across Canada and the US. Comparable in developing large master-planned residential communities, with broader capital backing.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/canderelresidential

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

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 CANDEREL RESIDENTIAL HOLDINGS INC.