Caraco Development Corporation
- Company typePrivate
- Founded1956
- HeadquartersKingston, Canada
- Headcount—
- GTM typeB2C
- OfferingHardware or Manufacturing
Caraco Development Corporation firmographics
Firmographics- Name
- Caraco Development Corporation
- Legal name
- CaraCo Development Corporation
- Website
- https://caraco.ca
- Company type
- Private
- Founded year
- 1956
- Operating status
- Operating
- Ownership category
- akta.pro rank
Caraco Development Corporation industry classification
Industry- Product category
- Residential Home Construction
- NAICS
- New Housing For-Sale Builders (236117)
- SIC
- Land Subdividers & Developers (No Cemeteries) (6552)
- akta.pro primary industry
- Single-Family Home Construction (Detached Homes) (IMAFABAA)
- akta.pro secondary industries
- Multi-Family Residential Construction (Apartments, Condos, Townhomes) (IMAFABAB), Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL)
Keywords
Where Caraco Development Corporation is headquartered
LocationHeadquarters
- HQ city
- Kingston
- HQ country
- Canada
- HQ region
- North America
Offices3 records
Markets served
Caraco Development Corporation business model
Business model- GTM type
- B2C
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Personnel, Operations, Marketing or Sales, Others
Revenue model
- New Home Sales: CaraCo generates revenue through the sale of newly constructed homes including townhomes and detached single-family homes. Revenue is realized upon closing of home sales. The company offers move-in ready homes and pre-construction options with personalized finishes.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| One time/ perpetual license | Multi-year contract | Urban Series (Townhomes) - 1,400-1,525 sq ft, 3 bed, 2.5 bath |
| One time/ perpetual license | Multi-year contract | Cataraqui Series (30' lots) - 1,550-2,050 sq ft, 3-4 bed |
| One time/ perpetual license | Multi-year contract | Crown Series (38' lots) - 1,380-2,560 sq ft, 2-4 bed |
| One time/ perpetual license | Multi-year contract | Summit Series (40' lots) - 1,620-3,000 sq ft, 3-4 bed |
| One time/ perpetual license | Multi-year contract | Prestige Series (44' lots) - 1,960-3,080 sq ft, 3-4 bed |
| One time/ perpetual license | Multi-year contract | Limited Series (50' lots) - 1,850-3,200 sq ft, 3-4 bed |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels7 records
Caraco Development Corporation product offering
Product offeringCore offering
CaraCo Development Corporation designs, builds, and sells new construction residential homes, including executive townhomes, single-family detached homes, and bungalows, across five master-planned communities in the Kingston, Ontario area. Homes are offered across six differentiated series (Urban, Cataraqui, Crown, Summit, Prestige, Limited) at prices ranging from approximately $549,900 to over $1.1M, with personalization handled through an on-site Design Centre. The company delivers move-in ready homes in as little as 3 months and pre-construction homes with 7-year Tarion warranty coverage.
Product overview
CaraCo Development Corporation is a home builder offering a diversified portfolio of new construction homes across five Kingston-area communities: Woodhaven (west end), Riverview (east end), Riverview Shores (waterfront), Trails Edge (Lyndenwood), and Base Living (Picton, coming soon). The company provides 25+ distinct home models organized into six series differentiated by lot size and features: Urban Series (townhomes, 1,400-1,750 sq. ft.), Cataraqui Series (30' lots, 1,550-2,050 sq. ft.), Crown Series (38' lots, 1,380-2,560 sq. ft.), Summit Series (40' lots, 1,350-3,000 sq. ft.), Prestige Series (44' lots, 1,960-3,080 sq. ft.), and Limited Series (50' lots, 1,850-3,200 sq. ft.). Supporting services include a Design Centre for finish customization, physical Model Homes for touring, and Quick Occupancy/Move-in Ready home options. The product portfolio spans executive townhomes, bungalows, and two-storey detached homes with premium standard features including 9' ceilings, quartz countertops, Energy STAR windows, and 7-year Tarion warranty.
Differentiator
Problem solved
Functional benefit
Brands
- Base Living: A brand under CaraCo's portfolio, offering living in Prince Edward County (Picton, ON). Referenced as 'Base Living' with its own website at baseliving.ca.
Products and services
- Woodhaven Community
Quantifiable outcome
- Move-in ready homes in as little as 3 months from ground-breaking
- +2 more outcomes
Companies that use Caraco Development Corporation
Customer profileNamed customers4 records
Segments5 records
Ideal customer profiles5 records
Caraco Development Corporation technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Caraco Development Corporation partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core and minor.
- Union GascoreStrategic partnership with Union Gas on the Performance Home 2020 project, which resulted in innovative energy solutions reducing natural gas use. This partnership earned the ESC (Energy Solutions Center) Partnership Award in 2013.
- Canada Mortgage and Housing Corporation (CMHC)coreCMHC has recognized CaraCo as a LEED and Healthy Housing Builder. CaraCo continues to shape future building codes with smarter materials, greener methods, and energy-efficient design.
- Kingston Area Minor Hockey AssociationminorCommunity sponsorship of youth hockey programs as part of CaraCo's community giving initiatives.
- Kingston YMCA Penguins Aquatic ClubminorCommunity sponsorship of aquatic club as part of CaraCo's community giving initiatives.
- Kingston Military Family Resource CentreminorSupport for military families through the Kingston Military Family Resource Centre as part of military appreciation initiatives.
- Local Trades and SupplierscoreCaraCo is backed by Kingston's top trades and suppliers delivering quality craftsmanship. The company works with ProAll Inc. for plumbing, heating and cooling, GT Electric and Pro All Electrical for electrical work.
- United WayminorCommunity sponsorship and support for local United Way initiatives.
- Federal and Provincial Governments (HST Rebate Programs)minorFederal and provincial HST rebate programs for first-time home buyers (up to $130K savings) provide significant incentives for purchasing new CaraCo homes.
Scale indicators3 records
Recent moves6 records
Expansion highlights5 records
Caraco Development Corporation competitors and assessment
Company assessmentBroad incumbents
- Minto Group: Major Ottawa-based homebuilder with Ontario-wide presence. Comparable for its focus on energy-efficient new construction (Minto Communities has LEED expertise) and family-oriented community development.
- Mattamy Homes: Canada's largest privately owned homebuilder operating across Ontario, including active communities in the Kingston/Ottawa region. Comparable as a for-sale homebuilder with direct-to-consumer model and master-planned community strategy.
- Brookfield Residential: Major North American homebuilder with Ontario operations. Comparable as a master-planned community developer with sustainability focus and premium product positioning.
Regional players
- Fernbrook Homes: GTA-area homebuilder with custom and master-planned community projects. Comparable for its focus on premium-finished single-family homes in master-planned communities.
- Tartan Homes: Ottawa-area homebuilder developing master-planned communities similar to CaraCo's model. Comparable as a regional Ontario builder focused on detached homes and townhomes in the $500K-$1M+ price band.
- Monarch Corporation: Ontario homebuilder with communities across the GTA and surrounding regions. Comparable for its mid-rise and low-rise homebuilding operations with similar product lineups and target buyer segments.
- Campanale Homes: Greater Toronto Area homebuilder focused on master-planned communities. Comparable for its premium product positioning and direct-to-consumer sales model through model home centres.
- eQ Homes: Ottawa-based homebuilder operating in the greater Ottawa region. Comparable as a regional for-sale builder serving first-time buyers and move-up purchasers in eastern Ontario.
- Reid's Heritage Homes: Southwestern Ontario homebuilder with operations across multiple regional markets. Comparable for its family-owned heritage and community-development approach in secondary Ontario cities.
- Maric Homes: Ottawa-area homebuilder with similar product mix of townhomes and detached homes in the $500K-$1M+ price band. Comparable for serving first-time and move-up buyers in eastern Ontario.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
Caraco Development Corporation social profiles
Digital presenceCaraco Development Corporation financial estimates
Financial estimateRevenue estimate
Valuation estimate
Caraco Development Corporation leadership team
Management profileNumber of profiles
Profiles2 records
Caraco Development Corporation funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Caraco Development Corporation 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 Caraco Development Corporation
What does Caraco Development Corporation do?
CaraCo Development Corporation designs, builds, and sells new construction residential homes, including executive townhomes, single-family detached homes, and bungalows, across five master-planned communities in the Kingston, Ontario area. Homes are offered across six differentiated series (Urban, Cataraqui, Crown, Summit, Prestige, Limited) at prices ranging from approximately $549,900 to over $1.1M, with personalization handled through an on-site Design Centre. The company delivers move-in ready homes in as little as 3 months and pre-construction homes with 7-year Tarion warranty coverage.
Is Caraco Development Corporation a public or private company?
Caraco Development Corporation is a private company. It is classified as family owned and is currently operating.
When was Caraco Development Corporation founded?
Caraco Development Corporation was founded in 1956.
Where is Caraco Development Corporation based?
Caraco Development Corporation is headquartered in Kingston, Canada, in the North America region.
How does Caraco Development Corporation make money?
One revenue line is on record: new Home Sales.
Who are Caraco Development Corporation's main competitors?
Broad incumbents on record are Minto Group, Mattamy Homes and Brookfield Residential. Regional players are Fernbrook Homes, Tartan Homes, Monarch Corporation, Campanale Homes, eQ Homes, Reid's Heritage Homes and Maric Homes.
Does Caraco Development Corporation have an API?
No public API is recorded for Caraco Development Corporation.
What industry is Caraco Development Corporation in?
Caraco Development Corporation's product category is Residential Home Construction. Its primary akta.pro industry code is IMAFABAA, Single-Family Home Construction (Detached Homes), with a secondary code of IMAFABAB, Multi-Family Residential Construction (Apartments, Condos, Townhomes). Its NAICS code is 236117 and its SIC code is 6552.