Artificial Intelligence
Builders Company
Developers/Cressey Development Group
CD
Cressey Development GroupVancouver, Canada · founded 1969 · 2 active markets
PRIVATE

Cressey develops residential homes, purpose-built rental apartments, townhomes, commercial spaces and mixed-use communities. It operates across Metro Vancouver, British Columbia, Alberta and Washington State, serving homeowners, renters, businesses and neighbourhoods through design, construction and property management, locally.

Years in business
57
founded 1969
LinkedIn headcount
165
employees, as shown on LinkedIn · size band 51–200
Units delivered
27K+
as the company states it
Projects last researched October 12, 2026
Every figure on this card was read out of a document.

Overview

Investor tear sheet

a summary of the tabs that follow · no rating of our own

Company dossier

Legal name
Cressey Development Corporation1
Headquarters
555 West 8th Ave, Suite 2001, Vancouver1, Canada
Founded
19691
Entity type
PRIVATE1
Business model
offplan for sale1, build to rent1, commercial1, mixed use1
Markets
2 markets listed
What they build
Retail (5 of 10) · Residential, for sale (4 of 10) · Residential, for rent (4 of 10)
Full dossier in About →

Delivery record

7 date-assessed of 10 projects
Unverified by developer

AI-researched delivery record, not yet confirmed by the developer. Dates may be approximate; original sources are linked.

Completed projects from 2016-10-15 through 2026-10-15, with sufficient delivery-date evidence. Date assessment and developer profile verification do not mean an independent audit of every source. Original source links and available snippets are provided. May not represent the developer’s full portfolio. 0 undated and 0 boundary-uncertain completions are excluded. Delivery exceptions are listed separately under Projects.
Completed projects assessed
10
within the rolling ten-year window
Median delay
+1.5 mo
the middle of 7 scored projects
Average delay
+9.6 mo
the same projects, pulled by the worst
Average time to deliver
3.6 yrs
start to completion, over 5 delivered projects
Worst slip
+25.0 mo
Diagram · +24.0 to +26.0
4
early or less than 6 months late
6 to 12 months late
0
yellow rows below
Over 12 months late
3
red rows below

Against other developers

7 date-assessed here · 49 developers, 236 date-assessed projects in Canada
Median delay
Cressey Development Group·49 developers in Canada
+1.5 mo vs +8.0 mo
this developer 6.5 mo better
The typical project on each side.
Average delay
Cressey Development Group·49 developers in Canada
+9.6 mo vs +12.6 mo
this developer 3.0 mo better
Both pulled by their worst few.
On time
Cressey Development Group·49 developers in Canada
57% vs 44%
this developer 13 pts better
Share of date-assessed projects delivered early or less than 6 months after the original target. Exactly 6 months late is excluded.
Average time to deliver
Cressey Development Group·49 developers in Canada
3.6 yrs vs 4.1 yrs
this developer 0.5 yrs faster
Start to completion, over 5 delivered here and 180 in the market.
Projects and timelines in Track Record →

Resident experience

5 of 10 buildings rated · scale 1–10

AI research over published reviews and resident comments. Scores are a model’s reading of opinion, not figures stated on a page, and nothing here feeds any number above it. The links under each block are the pages that research says it used. Based on available resident reviews of covered buildings. These are reported experiences, not independent building inspections, and may not represent all residents or properties.

Overall verdict
6.9/ 10
Weighted judgment across build and operations · from 5 of 5 rated buildings
Little structure evidence (2 of 5 buildings) — this rests mainly on whole-building and living reviews.
Structure & systems
5.3/ 10
Fabric, services, waterproofing, envelope · from 2 of 5 rated buildings
Management & living
6.1/ 10
Upkeep, response times, amenities, community · from 5 of 5 rated buildings

Against other developers

5 rated here · 50 developers, 246 rated buildings in Canada
Overall rating
Cressey Development Group · 50 other developers in Canada
6.9 vs 7.1
this developer 0.2 worse
The weighted verdict on each side. From 5 of 5 rated buildings here and 246 in the market.
Structure & systems
Cressey Development Group · 50 other developers in Canada
— vs 5.8
Too few buildings with this score here to compare (2 of 5)
Fabric and engineering only — fixed at handover. From 2 of 5 rated buildings here and 104 in the market.
Management & living
Cressey Development Group · 50 other developers in Canada
6.1 vs 6.7
this developer 0.6 worse
Upkeep and response — belongs to whoever runs the building now. From 5 of 5 rated buildings here and 225 in the market.
The market here is Canada: every other developer whose head office is in the same country, because the review platforms residents use, and the service norms they judge against, move together within one. It is not a city, a sector or a price band. Read structure and living together. A developer above the market on structure and below it on living builds well and runs buildings badly, which is a fixable problem and a different one from building badly. Higher ratings are better; differences use the displayed scores rounded to one decimal. Rated buildings only, on both sides, and a structure or living score with no stated basis — no review count and no notes or links — is left out of both.
Ratings by building →

Awards & recognition

All awards →

Risks & source coverage

  • SAFETY / LABOUR WorkSafeBC site visit September 3, 2024; reported December 18, 2024 WorkSafeBC imposed a $27,000 administrative penalty on Cascadia Apartment Rentals Ltd., an affiliated Cressey rental company, after finding that renovation work at 1010 King Albert Avenue proceeded without a qualified hazardous-materials inspection or asbestos training; asbestos-containing drywall was disturbed and a stop-work order was issued. The report also said workers lacked appropriate asbestos protective equipment.
  • SAFETY / LABOUR Reported October 24–25, 2023; tenant letter dated September 11, 2023 Tenants in four Cressey-owned East Vancouver buildings alleged that pest and mould infestations, flooding, delayed repairs, lack of an emergency contact, and inadequate inspection of smoke and carbon-monoxide detectors made some units unsafe or unlivable; Cressey said it accepted responsibility for delayed communication and had begun assessments, repairs, and one tenant relocation.
  • LEGAL Claim reported May 31, 2023; alleged constructive dismissal May 12, 2023 A former Cressey marketing director sued Cressey Development Corp., alleging constructive dismissal, breach of contract, sex and family-status discrimination, and unequal pay after she challenged compensation and was reassigned and required to return to regular office hours; the source states that none of the allegations had been proven in court.
  • 2 more in Risk & Sources
Record status
active
Company sources
108 source entries across 108 fields
Projects tracked
10 · 10 completed in assessment
All flags and sources →

Track Record

Delivery record

7 date-assessed of 10 projects
Unverified by developer

AI-researched delivery record, not yet confirmed by the developer. Dates may be approximate; original sources are linked.

Completed projects from 2016-10-15 through 2026-10-15, with sufficient delivery-date evidence. Date assessment and developer profile verification do not mean an independent audit of every source. Original source links and available snippets are provided. May not represent the developer’s full portfolio. 0 undated and 0 boundary-uncertain completions are excluded. Delivery exceptions are listed separately under Projects.
Completed projects assessed
10
within the rolling ten-year window
Median delay
+1.5 mo
the middle of 7 scored projects
Average delay
+9.6 mo
the same projects, pulled by the worst
Average time to deliver
3.6 yrs
start to completion, over 5 delivered projects
Worst slip
+25.0 mo
Diagram · +24.0 to +26.0
4
early or less than 6 months late
6 to 12 months late
0
yellow rows below
Over 12 months late
3
red rows below

Against other developers

7 date-assessed here · 49 developers, 236 date-assessed projects in Canada
Median delay
Cressey Development Group·49 developers in Canada
+1.5 mo vs +8.0 mo
this developer 6.5 mo better
The typical project on each side.
Average delay
Cressey Development Group·49 developers in Canada
+9.6 mo vs +12.6 mo
this developer 3.0 mo better
Both pulled by their worst few.
On time
Cressey Development Group·49 developers in Canada
57% vs 44%
this developer 13 pts better
Share of date-assessed projects delivered early or less than 6 months after the original target. Exactly 6 months late is excluded.
Average time to deliver
Cressey Development Group·49 developers in Canada
3.6 yrs vs 4.1 yrs
this developer 0.5 yrs faster
Start to completion, over 5 delivered here and 180 in the market.
The market here is Canada: every other developer whose head office is in the same country, because planning regimes and reporting norms move together within one. It is not a city, a sector or a size band. Read the two delay figures together. A median close to the market with a much better average means no single disaster; the reverse means one project is carrying the record. Time to deliver runs from the earliest start we hold to the completion itself — a construction start where a source gave one, otherwise a sales launch, otherwise the launch year read as its January. A handover the sources place only inside a year is read as that December, so a duration is the widest the record allows rather than the flattering end of it. Only delivered projects dated at both ends count, so it is taken over fewer projects than the delay figures, and a long build is not a fault: a tower is not a villa run. Sourced figures only, both sides, and values taken from documents held on file are excluded here — a developer who shares their records should not score better than one who does not.

Construction start to handover

10 of 10 projects dated · 4 places
Based on covered projects with documented construction or launch dates and available handover dates. Timelines vary by project and may not represent the developer’s full portfolio.
Construction start, or the launchTarget completion (window)Completion or handover, as reportedCurrently statedLaunch year only, no date publishedEarly or ≤6 mo lateOver 6–12 mo lateOver 12 mo lateStalled
Kelowna, Canada
Coquitlam, Canada
North Vancouver, Canada
Vancouver, Canada
2018201920202021202220232024202520262027todayKELOWNA, CANADA+14 moestimatedCOQUITLAM, CANADA+25 moverified+24 moverifiedcompleted, no target publishedNORTH VANCOUVER, CANADAon timeverified−3.5 moverified+1.5 moverifiedVANCOUVER, CANADA+24 moverifiedcompleted, no target published−4 moverified
Click a row in the chart to open a project, or a table row below to see its sources. The chart runs wider than the page where the record spans many years — scroll it sideways to follow a project to its handover. Every date we have is drawn. A hollow marker is only a launch year, not a date anyone published. No dates published means we looked and found none; dates not yet checked means we have not looked yet. Handing over is not finished — rows say which. A delay is shown when one source gives the promised date and another gives the real one, however rough: "2019" still counts, and the row shows how wide that is. Projects missing one of the two dates, or with sources that disagree, are left out of the figures. 1 turned out to be about something else — a phase, a neighbour, the wider masterplan — and is marked off-subject.

Building & Livability Ratings

Resident experience

5 of 10 buildings rated · scale 1–10

AI research over published reviews and resident comments. Scores are a model’s reading of opinion, not figures stated on a page, and nothing here feeds any number above it. The links under each block are the pages that research says it used. Based on available resident reviews of covered buildings. These are reported experiences, not independent building inspections, and may not represent all residents or properties.

Overall verdict
6.9/ 10
Weighted judgment across build and operations · from 5 of 5 rated buildings
Little structure evidence (2 of 5 buildings) — this rests mainly on whole-building and living reviews.
Structure & systems
5.3/ 10
Fabric, services, waterproofing, envelope · from 2 of 5 rated buildings
Management & living
6.1/ 10
Upkeep, response times, amenities, community · from 5 of 5 rated buildings

Against other developers

5 rated here · 50 developers, 246 rated buildings in Canada
Overall rating
Cressey Development Group · 50 other developers in Canada
6.9 vs 7.1
this developer 0.2 worse
The weighted verdict on each side. From 5 of 5 rated buildings here and 246 in the market.
Structure & systems
Cressey Development Group · 50 other developers in Canada
— vs 5.8
Too few buildings with this score here to compare (2 of 5)
Fabric and engineering only — fixed at handover. From 2 of 5 rated buildings here and 104 in the market.
Management & living
Cressey Development Group · 50 other developers in Canada
6.1 vs 6.7
this developer 0.6 worse
Upkeep and response — belongs to whoever runs the building now. From 5 of 5 rated buildings here and 225 in the market.
The market here is Canada: every other developer whose head office is in the same country, because the review platforms residents use, and the service norms they judge against, move together within one. It is not a city, a sector or a price band. Read structure and living together. A developer above the market on structure and below it on living builds well and runs buildings badly, which is a fixable problem and a different one from building badly. Higher ratings are better; differences use the displayed scores rounded to one decimal. Rated buildings only, on both sides, and a structure or living score with no stated basis — no review count and no notes or links — is left out of both.

By building

5 rated · 5 not rated · scale 1–10
ProjectOverallStructure & systemsManagement & living
CabanKelowna127 units
9.0/ 10
—/ 10
8.6/ 10
Airbnb 4.8/5, 4.9/5, 4.8/5, 4.8/5, 5/5, 4.8/5 · 16 reviews · airbnb.ie
Airbnb 5/5, 5/5, 5/5, 5/5, 5/5, 5/5 · 5 reviews · airbnb.com
Stayz 10/10, 8.8/10, 10/10, 10/10 · 5 reviews · stayz.com.au
Combined from 16 published figures on 2 platforms, weighted by review count, adjusted for where resident ratings usually fall and weighted toward the 6.5 midpoint where reviews are few: 8.6.

The largest published building-specific review base found was Airbnb’s 4.69/5 from 16 guest reviews, used as the anchor and converted to 8.5/10. The other guest listings were smaller and therefore did not replace the anchor; repeated positive comments moved the result slightly upward. This is guest/short-stay evidence rather than a resident aggregate, and no resident management rating or recurring resident complaint was found.

+ Concrete construction+ New building+ High-quality finishes reported
+ Clean and new+ Responsive host+ Walkable location+ High-quality amenities+ Pool, sauna and gym praised

The published material describes Caban as a six-storey building constructed entirely from concrete, and the building directory identifies its construction as concrete. Guest feedback described the unit and amenities as “new & high quality”; no review read reported leaks, plumbing, HVAC, electrical, waterproofing or other system failures.

Guest reviews consistently praised the daily experience: one reviewer said the condo was “fabulous,” with a “well thought out” layout, “new & high quality” amenities and a responsive owner who answered “within minutes.” Another reported it was “new and clean” with “awesome amenities,” walkable to restaurants and shops and across from the beach.

HensleyCoquitlam264 units
8.0/ 10
7.5/ 10
8.0/ 10

Google Reviews/Maps provides the only located building-specific aggregate: 4.5/5 from 11 reviews, which converts to 8.5 under the requested curve and sets the anchor. The reported severe infrastructure complaint and management failures justify a moderate downward adjustment, while the evidence is too limited to support a separate published structure rating.

− Leaks− Internal flooding− Elevator malfunctions− Heater-pump problems
+ Positive management feedback+ Elegant building+ Resident amenities+ Concierge+ Fitness and leisure facilities
− Slow problem resolution− Intercom outages− Elevator outages− Heating problems

One December 2025 review reports leaks, heater-pump failures and internal flooding from leaking pipes in 2022, saying the elevators were repeatedly broken and residents were left without heat in winter. The same review describes these as serious damage and recurring service failures; no independent engineering or strata-condition rating was located.

The published reviews include praise that "The management makes sure that the reisdents are happy" and a separate description of the building as an "Extremely Elegant Building!" However, the December 2025 review reports ineffective management, intercom and elevator outages, heater-pump problems and residents being left without heat; the developer lists a fitness facility, steam room, sauna, outdoor pool, hot tub, cabanas and concierge among the amenities.

WilkinsonVancouver104 units
7.9/ 10
—/ 10
7.9/ 10

The building-level Google aggregate of 4.2/5 from 18 reviews sets the anchor, converting to 7.6/10. Positive resident commentary on management, cleanliness, amenities and building quality outweighed a recurring management complaint, producing a modest net upward adjustment; no separate platform with a qualifying rating materially disagreed.

+ Well-maintained building+ Reportedly well built+ Little noise+ Good finishing+ Washing-machine issue fixed next day
− Heating reported as inadequate
+ Responsive management+ Clean common areas+ Well-equipped fitness centre+ Rooftop terrace with views+ Pet-friendly amenities
− Unprofessional management complaint− Delayed responses reported− Very small apartments− Move-out billing complaint

Structural feedback was generally positive: one resident wrote that the building was “well built” and had “very little noise,” while another said the finishing was great and “Everything works well.” One negative review said the heating “doesn’t work very well”; this is a single report, not a recurring structural failure.

Day-to-day reports are mixed but lean positive. Residents described management as “prompt and helpful,” praised the clean common areas, gym and rooftop terrace, and one said a washing-machine issue was fixed the next day; however, another review called service and management “probably the worst” and said repeated follow-up was needed.

VictorNorth Vancouver75 units
5.2/ 10
—/ 10
3.1/ 10

Google Reviews/Maps provides the largest and only clearly review-based aggregate located for the building: 2.6/5 from 27 reviews, converted to 3.2/10 under the stated curve. The written feedback contains both repeated praise for staff, cleanliness and amenities and complaints about unresolved building-system faults and billing follow-up, producing a small net downward adjustment; no separate review-based structure aggregate was found.

+ New units+ New appliances+ Concrete construction+ Quiet and comfortable homes
− Unresolved fan and AC fault− Stove-fan failure− Ongoing construction
+ Helpful on-site manager+ Friendly staff+ Clean common areas+ Well-equipped gym+ Convenient SeaBus location
− Slow utility-billing follow-up− Surprise utility charges− Parking-price miscommunication

Residents described the units as new and said the building was “stunning—brand new, sleek, and beautifully modern.” However, one resident reported that a loud fan remained unfixed for months and that the AC and stove fan had also stopped working; another noted “ongoing construction jobs” in the relatively new building.

Day-to-day feedback is polarized. Residents praised Jena as “helpful, friendly and kind,” said the common areas were cleaned every day, and described the gym, lounge and location positively; complaints included a surprise utility bill and the need to follow up twice for an update.

EverleaCoquitlam201 units
4.2/ 10
3.0/ 10
2.7/ 10

The Google Reviews/Maps building rating of 2.8/5 from 41 reviews is the anchor and converts to 3.6/10 under the requested curve. Repeated reports of prolonged elevator outages, security weaknesses, delayed maintenance and poor gym upkeep materially reduce the resident-living assessment, despite a smaller body of praise for staff, cleanliness and recent management improvements.

− Repeated elevator outages− Long elevator waits− Service elevator out for months
+ Friendly staff+ Prompt individual repairs+ Recent cleanliness improvement+ Warmer communication+ Convenient location
− Delayed maintenance− Poor management communication− Poorly maintained gym− Package-security concerns− Party-room booking problems

The published resident feedback reports repeated lift failures rather than a general engineering assessment: one review says the service elevator was “out of order for months,” while another reports waits of up to 20 minutes. No published review evidence located here establishes broader problems with the framework, plumbing, HVAC, electrical systems or waterproofing.

Daily-life reviews are sharply mixed but lean negative: residents describe “poor management,” a gym whose machines “barely work,” elevator crowding and unclear updates, while others report friendly staff, a kitchen repair completed “within 10 minutes,” and recent prompt maintenance and professional communication. These are resident reports, not forecasts; the strongest positive comments concern recent management changes, while several negative reviews were published in 2025.

Only buildings that have reached handover are rated. 5 of 10 projects carry no rating: a building still under construction is never asked about, one that has just been handed over may not have been reached yet, and the rest were asked about and no published resident commentary was found. Structure is fixed at handover and stays the developer's; management and living belongs to whoever runs the building now. The overall verdict weights both rather than averaging them. None of this is checked: a rating is what people published about a building, aggregated — it is not evidence, it cannot move a delay figure, and it is not part of the delivery record above.

About

Company dossier

Legal name
Cressey Development Corporation
Headquarters
555 West 8th Ave, Suite 200, Vancouver, Canada
Fairview · V5Z 1C6
Founded
1969
Entity type
PRIVATE
Revenue
not published
Business model
offplan for sale, build to rent, commercial, mixed use

Partners

2 partners
Canada Mortgage and Housing Corporation (CMHC)
funder

Wilkinson received a $48.5 million Rental Construction Financing Initiative low-interest loan from the federal government through CMHC.

City of Vancouver
government partner

Wilkinson received $2.1 million through development-cost-levy waivers from the City of Vancouver.

Sources: name

REGULATOR2023-10-13

Canada invests over $48 million for new rental homes in Vancouver | CMHC

Canada Mortgage and Housing Corporation · carried by cmhc-schl.gc.ca
$48.5 million RCFi low-interest loan from the federal government through CMHC.
value seen: Canada Mortgage and Housing Corporation (CMHC)
held out of the figures · the quote does not carry this value
https://www.cmhc-schl.gc.ca/media-newsroom/news-releases/2023/canada-invests-over-$48-million-new-rental-homes-vancouver

Sources: partner type

REGULATOR2023-10-13

Canada invests over $48 million for new rental homes in Vancouver | CMHC

Canada Mortgage and Housing Corporation · carried by cmhc-schl.gc.ca
$48.5 million RCFi low-interest loan from the federal government through CMHC.
value seen: low-interest loan from the federal government through CMHC
no listed category matches this wording, so it is shown as the source wrote it
held out of the figures · no listed category matches this wording
value paraphrased from this source
https://www.cmhc-schl.gc.ca/media-newsroom/news-releases/2023/canada-invests-over-$48-million-new-rental-homes-vancouver

Sources: summary

REGULATOR2023-10-13

Canada invests over $48 million for new rental homes in Vancouver | CMHC

Canada Mortgage and Housing Corporation · carried by cmhc-schl.gc.ca
$48.5 million RCFi low-interest loan from the federal government through CMHC.
value seen: $48.5 million RCFi low-interest loan from the federal government through CMHC
https://www.cmhc-schl.gc.ca/media-newsroom/news-releases/2023/canada-invests-over-$48-million-new-rental-homes-vancouver

Sources: name

REGULATOR2023-10-13

Canada invests over $48 million for new rental homes in Vancouver | CMHC

Canada Mortgage and Housing Corporation · carried by cmhc-schl.gc.ca
$2.1 million from the City of Vancouver through waived development cost levies.
value seen: City of Vancouver
https://www.cmhc-schl.gc.ca/media-newsroom/news-releases/2023/canada-invests-over-$48-million-new-rental-homes-vancouver

Sources: partner type

REGULATOR2023-10-13

Canada invests over $48 million for new rental homes in Vancouver | CMHC

Canada Mortgage and Housing Corporation · carried by cmhc-schl.gc.ca
$2.1 million from the City of Vancouver through waived development cost levies.
value seen: waived development cost levies
no listed category matches this wording, so it is shown as the source wrote it
held out of the figures · no listed category matches this wording
value paraphrased from this source
https://www.cmhc-schl.gc.ca/media-newsroom/news-releases/2023/canada-invests-over-$48-million-new-rental-homes-vancouver

Sources: summary

REGULATOR2023-10-13

Canada invests over $48 million for new rental homes in Vancouver | CMHC

Canada Mortgage and Housing Corporation · carried by cmhc-schl.gc.ca
$2.1 million from the City of Vancouver through waived development cost levies.
value seen: $2.1 million from the City of Vancouver through waived development cost levies
https://www.cmhc-schl.gc.ca/media-newsroom/news-releases/2023/canada-invests-over-$48-million-new-rental-homes-vancouver

Registrations & licences

DEVELOPER LICENCE26-102700
City of Vancouver Business Licence Office · CA · Issued
Jurisdiction-agnostic: a DLD number, a Companies House number and a state RERA registration all land in the same table.

Contact

Markets

2 countries
Canadaactive 10 projects tracked
United Statesactive 0 projects tracked

What they build

5 types
Retail5 of 10
Residential, for sale4 of 10
Residential, for rent4 of 10
Mixed use3 of 10
Office3 of 10
A project counts once under each type it carries, so the shares add to more than the project count.

Management

Principals & executives

6 names found
N(
Norman (Norm) Cressey
Cressey’s founder established the business as an apartment-building operation. A 2022 directory identifies him as Chairman, but I found no newer source confirming that title as of 2026-10-12.
Current title
Chairman
Experience
no career length stated
Companies before
none sourced
Education
not published
Other boards
none sourced
Known for
FounderChairman
https://ca.linkedin.com/in/norm-cressey-636736102

Sources: full name

COMPANYdate not shown in source

About Us | Cressey Development Group

Cressey Development Group
It all began over five decades ago when our founder, Norm Cressey, established Cressey Development Group as a small operation focused on apartment buildings.
value seen: Norm Cressey
https://cressey.com/about-us/

Sources: linkedin page

SOCIALdate not shown in source

Norm Cressey - Chairman at Cressey Development

LinkedIn
Norm Cressey - Chairman at Cressey Development Corporation.
value seen: Norm Cressey - Chairman at Cressey Development Corporation
https://ca.linkedin.com/in/norm-cressey-636736102

Sources: summary

COMPANYdate not shown in source

About Us | Cressey Development Group

Cressey Development Group
It all began over five decades ago when our founder, Norm Cressey, established Cressey Development Group as a small operation focused on apartment buildings.
value seen: founder, Norm Cressey, established Cressey Development Group as a small operation focused on apartment buildings
value paraphrased from this source
https://cressey.com/about-us/

Sources: tags

COMPANYdate not shown in source

About Us | Cressey Development Group

Cressey Development Group
It all began over five decades ago when our founder, Norm Cressey, established Cressey Development Group as a small operation focused on apartment buildings.
value seen: founder
https://cressey.com/about-us/

Sources: tags

DIRECTORY2022-07-01

Qualico, Ronmor, Bogner, Pure Industrial, Cressey and Harvard

Real Estate Executives Inc.
Norman Cressey is Chairman
value seen: Chairman
https://realestateexecutives.ca/qualico-ronmor-bogner-pure-industrial-cressey-and-harvard/

Sources: title

DIRECTORY2022-07-01

Qualico, Ronmor, Bogner, Pure Industrial, Cressey and Harvard

Real Estate Executives Inc.
Norman Cressey is Chairman
value seen: Norman Cressey is Chairman
https://realestateexecutives.ca/qualico-ronmor-bogner-pure-industrial-cressey-and-harvard/
SC
Scott Cressey
Scott Cressey is identified as President and as the family successor who later guided the company after Norm.
Current title
President
Experience
no career length stated
Companies before
none sourced
Education
not published
Other boards
none sourced
Known for
PresidentFamily-owned

Sources: full name

PRESS2023-10-24

Vancouver tenants confront building owners at rally protesting poor living conditions

CBC News
In a statement, Scott Cressey, president of the Cressey Development Group, said he expressed "sincere empathy" for the situation being faced by his tenants.
value seen: Scott Cressey
https://www.cbc.ca/news/canada/british-columbia/vancouver-tenants-living-conditions-1.7006983

Sources: summary

PRESS2012-03-07

Cressey Development Group dodges pitfalls

Georgia Straight
First under the direction of Norm Cressey and later guided by his son Scott, the company has developed hundreds of buildings.
value seen: later guided by his son Scott
value paraphrased from this source
https://www.straight.com/news/cressey-development-group-dodges-pitfalls

Sources: tags

PRESS2023-10-24

Vancouver tenants confront building owners at rally protesting poor living conditions

CBC News
Scott Cressey, president of the Cressey Development Group
value seen: president
https://www.cbc.ca/news/canada/british-columbia/vancouver-tenants-living-conditions-1.7006983

Sources: tags

OTHERdate not shown in source

Cressey Development Group Review

Michael Bortolin
Cressey Development Group is a privately held, family-run company headquartered at 555 West 8th Avenue in Vancouver.
value seen: family-run
https://www.michaelbortolin.com/cressey-development-group-bc-developer-spotlight

Sources: title

PRESS2023-10-24

Vancouver tenants confront building owners at rally protesting poor living conditions

CBC News
In a statement, Scott Cressey, president of the Cressey Development Group, said he expressed "sincere empathy" for the situation being faced by his tenants.
value seen: Scott Cressey, president of the Cressey Development Group
https://www.cbc.ca/news/canada/british-columbia/vancouver-tenants-living-conditions-1.7006983
HL
Hani Lammam
Lammam is Cressey’s Executive Vice President; independent reporting describes his responsibility as business development and initial project ideation, with work across retail, office, hotel, land and residential projects.
Current title
Executive Vice President
since Sep 2008 - Present
Experience
25+ years real estate
Companies before
none sourced
Education
not published
Other boards
none sourced
Known for
Executive Vice President
https://linkedin.com/in/hanilammam
The institutions and the big corporations, they’re the stabilizing factor in the marketplace. Goodman Commercial Inc. January 14th, 2025https://goodmanreport.com/market-insights/the-greatest-challenges-facing-vancouvers-housing-sector-with-cresseys-hani-lammam/

Sources: full name

PRESS2023-08-24

The Dark Days of Vancouver Real Estate with Cressey’s Hani Lammam

Vancouver Real Estate Podcast
### Hani Lammam
value seen: Hani Lammam
https://www.vancouverrealestatepodcast.com/podcast/the-potential-nightmare-scenario-for-vancouver-real-estate-with-hani-lammam/

Sources: linkedin page

SOCIAL2026-09-06

Hani Lammam

LinkedIn
# Hani Lammam
value seen: https://linkedin.com/in/hanilammam
https://linkedin.com/in/hanilammam

Sources: date

PRESS2025-01-14

The Greatest Challenges Facing Vancouver’s Housing Sector with Cressey’s Hani Lammam

Goodman Commercial Inc.
January 14th, 2025 Share Print
value seen: January 14th, 2025
https://goodmanreport.com/market-insights/the-greatest-challenges-facing-vancouvers-housing-sector-with-cresseys-hani-lammam/

Sources: quote

PRESS2025-01-14

The Greatest Challenges Facing Vancouver’s Housing Sector with Cressey’s Hani Lammam

Goodman Commercial Inc.
The institutions and the big corporations, they’re the stabilizing factor in the marketplace.
value seen: The institutions and the big corporations, they’re the stabilizing factor in the marketplace.
https://goodmanreport.com/market-insights/the-greatest-challenges-facing-vancouvers-housing-sector-with-cresseys-hani-lammam/

Sources: since

SOCIAL2026-09-06

Hani Lammam

LinkedIn
Executive Vice President (Current) Sep 2008 - Present (18 years) in Vancouver, British Columbia, Canada
value seen: Sep 2008 - Present
https://linkedin.com/in/hanilammam

Sources: summary

PRESS2023-08-24

The Dark Days of Vancouver Real Estate with Cressey’s Hani Lammam

Vancouver Real Estate Podcast
Hani Lammam serves as the Executive Vice President of Cressey Development Group, overseeing its business development and initial project ideation.
value seen: overseeing its business development and initial project ideation
value paraphrased from this source
https://www.vancouverrealestatepodcast.com/podcast/the-potential-nightmare-scenario-for-vancouver-real-estate-with-hani-lammam/

Sources: tags

PRESS2025-01-14

The Greatest Challenges Facing Vancouver’s Housing Sector with Cressey’s Hani Lammam

Goodman Commercial Inc.
Mark Goodman sits down with Hani Lammam, Executive VP of Cressey Development Group
value seen: Executive Vice President
held out of the figures · the quote does not carry this value
https://goodmanreport.com/market-insights/the-greatest-challenges-facing-vancouvers-housing-sector-with-cresseys-hani-lammam/

Sources: tags

PRESS2025-01-14

The Greatest Challenges Facing Vancouver’s Housing Sector with Cressey’s Hani Lammam

Goodman Commercial Inc.
With over 25 years in the real estate industry, Hani shares his insights into the challenges and opportunities in today’s market.
value seen: over 25 years in the real estate industry
https://goodmanreport.com/market-insights/the-greatest-challenges-facing-vancouvers-housing-sector-with-cresseys-hani-lammam/

Sources: title

PRESS2023-08-24

The Dark Days of Vancouver Real Estate with Cressey’s Hani Lammam

Vancouver Real Estate Podcast
Hani Lammam serves as the Executive Vice President of Cressey Development Group, overseeing its business development and initial project ideation.
value seen: Executive Vice President
https://www.vancouverrealestatepodcast.com/podcast/the-potential-nightmare-scenario-for-vancouver-real-estate-with-hani-lammam/
KA
Khaleel Ayoubi
Ayoubi is Cressey’s CFO, a current C-level finance role held since June 2020. His profile records a Chartered Accountant qualification and a Bachelor of Commerce in Accounting from UBC.
Current title
Chief Financial Officer
since Jun 2020 - Present
Experience
no career length stated
Companies before
none sourced
Education
The University of British ColumbiaBachelor of Commerce, Accounting
Chartered Professional Accountants of CanadaChartered Accountant
Other boards
none sourced
Known for
CFOChartered Accountant
https://linkedin.com/in/khaleelayoubi

Sources: degree

SOCIAL2026-09-07

Khaleel Ayoubi

LinkedIn
Bachelor of Commerce
value seen: Bachelor of Commerce
https://linkedin.com/in/khaleelayoubi

Sources: institution

SOCIAL2026-09-07

Khaleel Ayoubi

LinkedIn
### BCom, Accounting at The University of British Columbia
value seen: The University of British Columbia
https://linkedin.com/in/khaleelayoubi

Sources: degree

SOCIAL2026-09-07

Khaleel Ayoubi

LinkedIn
### Chartered Accountant at Chartered Professional Accountants of Canada (CPA Canada)
value seen: Chartered Accountant
https://linkedin.com/in/khaleelayoubi

Sources: institution

SOCIAL2026-09-07

Khaleel Ayoubi

LinkedIn
### Chartered Accountant at Chartered Professional Accountants of Canada (CPA Canada)
value seen: Chartered Professional Accountants of Canada
https://linkedin.com/in/khaleelayoubi

Sources: full name

SOCIAL2026-09-07

Khaleel Ayoubi

LinkedIn
# Khaleel Ayoubi
value seen: Khaleel Ayoubi
https://linkedin.com/in/khaleelayoubi

Sources: linkedin page

SOCIAL2026-09-07

Khaleel Ayoubi

LinkedIn
# Khaleel Ayoubi
value seen: https://linkedin.com/in/khaleelayoubi
https://linkedin.com/in/khaleelayoubi

Sources: since

SOCIAL2026-09-07

Khaleel Ayoubi

LinkedIn
Chief Financial Officer - Cressey Development Group (Current) Jun 2020 - Present
value seen: Jun 2020 - Present
https://linkedin.com/in/khaleelayoubi

Sources: summary

SOCIAL2026-09-07

Khaleel Ayoubi

LinkedIn
Chief Financial Officer - Cressey Development Group (Current) Jun 2020 - Present
value seen: Chief Financial Officer - Cressey Development Group (Current) Jun 2020 - Present
value paraphrased from this source
https://linkedin.com/in/khaleelayoubi

Sources: tags

SOCIAL2026-09-07

Khaleel Ayoubi

LinkedIn
Chief Financial Officer at Cressey Development Group
value seen: Chief Financial Officer
https://linkedin.com/in/khaleelayoubi

Sources: tags

SOCIAL2026-09-07

Khaleel Ayoubi

LinkedIn
### Chartered Accountant at Chartered Professional Accountants of Canada (CPA Canada)
value seen: Chartered Accountant
https://linkedin.com/in/khaleelayoubi

Sources: title

SOCIAL2026-09-07

Khaleel Ayoubi

LinkedIn
Chief Financial Officer at Cressey Development Group
value seen: Chief Financial Officer at Cressey Development Group
https://linkedin.com/in/khaleelayoubi
JT
Johnston Tom
Tom is Cressey’s Vice President, Special Projects and previously served as its Vice President of Asset Management. His profile also records current senior roles with Opus Hotels Group and Trilogy Properties Corporation.
Current title
Vice President, Special Projects
since Nov 2025 - Present
Experience
no career length stated
Companies before
Trilogy Properties CorporationOpus Hotels GroupNacel Properties Ltd.
Education
The University of British ColumbiaB.A. Economics
The University of British ColumbiaMBA
The University of British ColumbiaUrban Land Economics, Real Estate Management
Other boards
Partner, Opus Hotels GroupPartner Senior Vice President, Trilogy Properties Corporation
Known for
Vice PresidentSpecial projectsAsset management
https://ca.linkedin.com/in/johnston-tom-13781722

Sources: degree

SOCIAL2026-09-08

Johnston Tom

LinkedIn
B.A. Economics
value seen: B.A. Economics
https://ca.linkedin.com/in/johnston-tom-13781722

Sources: institution

SOCIAL2026-09-08

Johnston Tom

LinkedIn
B.A. Economics
value seen: The University of British Columbia
held out of the figures · the quote does not carry this value
https://ca.linkedin.com/in/johnston-tom-13781722

Sources: degree

SOCIAL2026-09-08

Johnston Tom

LinkedIn
MBA
value seen: MBA
https://ca.linkedin.com/in/johnston-tom-13781722

Sources: institution

SOCIAL2026-09-08

Johnston Tom

LinkedIn
MBA
value seen: The University of British Columbia
held out of the figures · the quote does not carry this value
https://ca.linkedin.com/in/johnston-tom-13781722

Sources: degree

SOCIAL2026-09-08

Johnston Tom

LinkedIn
Urban Land Economics Real Estate Management
value seen: Urban Land Economics Real Estate Management
https://ca.linkedin.com/in/johnston-tom-13781722

Sources: institution

SOCIAL2026-09-08

Johnston Tom

LinkedIn
Urban Land Economics Real Estate Management
value seen: The University of British Columbia
held out of the figures · the quote does not carry this value
https://ca.linkedin.com/in/johnston-tom-13781722

Sources: full name

SOCIAL2026-09-08

Johnston Tom

LinkedIn
# Johnston Tom
value seen: Johnston Tom
https://ca.linkedin.com/in/johnston-tom-13781722

Sources: linkedin page

SOCIAL2026-09-08

Johnston Tom

LinkedIn
# Johnston Tom
value seen: https://ca.linkedin.com/in/johnston-tom-13781722
https://ca.linkedin.com/in/johnston-tom-13781722

Sources: other boards

SOCIAL2026-09-08

Johnston Tom

LinkedIn
Partner - Opus Hotels Group (Current)
value seen: Partner - Opus Hotels Group
https://ca.linkedin.com/in/johnston-tom-13781722

Sources: other boards

SOCIAL2026-09-08

Johnston Tom

LinkedIn
Partner Senior Vice President - Trilogy Properties Corporation (Current)
value seen: Partner Senior Vice President - Trilogy Properties Corporation
https://ca.linkedin.com/in/johnston-tom-13781722

Sources: previous companies

SOCIAL2026-09-08

Johnston Tom

LinkedIn
Partner Senior Vice President - Trilogy Properties Corporation (Current)
value seen: Trilogy Properties Corporation
https://ca.linkedin.com/in/johnston-tom-13781722

Sources: previous companies

SOCIAL2026-09-08

Johnston Tom

LinkedIn
Partner - Opus Hotels Group (Current)
value seen: Opus Hotels Group
https://ca.linkedin.com/in/johnston-tom-13781722

Sources: previous companies

SOCIAL2026-09-08

Johnston Tom

LinkedIn
Managing Broker - Nacel Properties Ltd.
value seen: Nacel Properties Ltd.
https://ca.linkedin.com/in/johnston-tom-13781722

Sources: since

SOCIAL2026-09-08

Johnston Tom

LinkedIn
Vice President Special Projects - Cressey Development Group (Current) Nov 2025 - Present
value seen: Nov 2025 - Present
https://ca.linkedin.com/in/johnston-tom-13781722

Sources: summary

SOCIAL2026-09-08

Johnston Tom

LinkedIn
Partner - Opus Hotels Group (Current)
value seen: Partner - Opus Hotels Group (Current)
value paraphrased from this source
https://ca.linkedin.com/in/johnston-tom-13781722

Sources: tags

SOCIAL2026-09-08

Johnston Tom

LinkedIn
Vice President Special Projects - Cressey Development Group (Current)
value seen: Vice President Special Projects
https://ca.linkedin.com/in/johnston-tom-13781722

Sources: tags

SOCIAL2026-09-08

Johnston Tom

LinkedIn
Vice President (Asset Management) - Cressey Development Group
value seen: Asset Management
https://ca.linkedin.com/in/johnston-tom-13781722

Sources: tags

SOCIAL2026-09-08

Johnston Tom

LinkedIn
Partner - Opus Hotels Group (Current)
value seen: Partner - Opus Hotels Group
https://ca.linkedin.com/in/johnston-tom-13781722

Sources: title

SOCIAL2026-09-08

Johnston Tom

LinkedIn
Vice President Special Projects - Cressey Development Group (Current)
value seen: Vice President Special Projects
https://ca.linkedin.com/in/johnston-tom-13781722
JK
Julian Kendall
Kendall leads development as Cressey’s Vice President of Development. He progressed internally from Development Manager to Director of Development and then VP; the company describes him as having more than 13 years at Cressey.
Current title
Vice President of Development
since Jan 2022 - Present
Experience
no career length stated
Companies before
none sourced
Education
UBC Sauder School of BusinessBachelor of Commerce, Real Estate Development
Other boards
none sourced
Known for
Vice President of DevelopmentInternal promotion
https://linkedin.com/in/julian-kendall-70b95998
Century is one I’m especially proud of. Cressey Development Group May 06 2025https://cressey.com/news/cressey-spotlight-julian-kendall/

Sources: degree

SOCIAL2026-10-08

Julian Kendall

LinkedIn
Bachelor of Commerce - BCom, Real Estate Development at UBC Sauder School of Business
value seen: Bachelor of Commerce - BCom, Real Estate Development
https://linkedin.com/in/julian-kendall-70b95998

Sources: institution

SOCIAL2026-10-08

Julian Kendall

LinkedIn
Bachelor of Commerce - BCom, Real Estate Development at UBC Sauder School of Business
value seen: UBC Sauder School of Business
https://linkedin.com/in/julian-kendall-70b95998

Sources: full name

SOCIAL2026-10-08

Julian Kendall

LinkedIn
# Julian Kendall
value seen: Julian Kendall
https://linkedin.com/in/julian-kendall-70b95998

Sources: linkedin page

SOCIAL2026-10-08

Julian Kendall

LinkedIn
# Julian Kendall
value seen: https://linkedin.com/in/julian-kendall-70b95998
https://linkedin.com/in/julian-kendall-70b95998

Sources: date

COMPANY2025-05-06

Cressey Spotlight: Julian Kendall

Cressey Development Group
People May 06 2025
value seen: May 06 2025
https://cressey.com/news/cressey-spotlight-julian-kendall/

Sources: quote

COMPANY2025-05-06

Cressey Spotlight: Julian Kendall

Cressey Development Group
Century is one I’m especially proud of.
value seen: Century is one I’m especially proud of.
https://cressey.com/news/cressey-spotlight-julian-kendall/

Sources: since

SOCIAL2026-10-08

Julian Kendall

LinkedIn
Vice President Of Development (Current) Jan 2022 - Present
value seen: Jan 2022 - Present
https://linkedin.com/in/julian-kendall-70b95998

Sources: summary

COMPANY2025-05-06

Cressey Spotlight: Julian Kendall

Cressey Development Group
Our Vice President of Development, Julian has been with Cressey for over 13 years.
value seen: Vice President of Development
value paraphrased from this source
https://cressey.com/news/cressey-spotlight-julian-kendall/

Sources: tags

COMPANY2025-05-06

Cressey Spotlight: Julian Kendall

Cressey Development Group
Our Vice President of Development, Julian has been with Cressey for over 13 years.
value seen: Vice President of Development
https://cressey.com/news/cressey-spotlight-julian-kendall/

Sources: tags

COMPANY2025-05-06

Cressey Spotlight: Julian Kendall

Cressey Development Group
His journey from Development Coordinator to a key leadership role reflects not just personal growth, but also the kind of trust and ownership that define our culture.
value seen: from Development Coordinator to a key leadership role
value paraphrased from this source
https://cressey.com/news/cressey-spotlight-julian-kendall/

Sources: title

SOCIAL2026-10-08

Julian Kendall

LinkedIn
Vice President Of Development (Current)
value seen: Vice President Of Development
https://linkedin.com/in/julian-kendall-70b95998

Projects

Assessment coverage

Completed projects: 2016-10-15 through 2026-10-15. Initial research is capped at 10 completed projects and a separate delivery-risk search capped at 7 findings. Risk findings are not project assessment counts. Absence is not proof of a complete portfolio or no failures. Month-level dates overlapping a boundary are excluded from figures.

0 undated completions and 0 boundary-uncertain completions are retained but excluded from figures.

Stalled, cancelled & overdue projects

0 evidenced cases
The capped delivery-risk search ran; no project-level exception cases are recorded here. Risk findings are listed under Risks and are separate from assessed projects. This does not establish that the developer has no delivery failures.

Completed projects

10 projects
ProjectLocationTypeUnitsFloorsAreaCostPayment planLaunchedConstruction startOriginal targetHandoverDelayConfidenceStatus
CabanKelowna, Canada
mixed use, residential for sale, retail1271six-storey—————Mar 2024 – May 2024Jun 2025+14.0 mo
(+13.0 to +15.0)
estimatedcompleted
DiagramCoquitlam, Canada
office, retail6111558,000 sq ft——2021June 2021Mar 2023 – May 2023May 2025+25.0 mo
(+24.0 to +26.0)
sourcedcompleted
CenturyNorth Vancouver, Canada
residential for rent2831—240,000 sq ft————Jan 2024 – Dec 2024Jan 2024 – Dec 20240.0 mo
(−11.0 to +11.0)
sourcedcompleted
FormatVancouver, Canada
mixed use, residential for sale, office, retail161114———2020October 2020Jan 2022 – Dec 2022Jan 2024 – Dec 2024+24.0 mo
(+13.0 to +35.0)
sourcedcompleted
VictorNorth Vancouver, Canada
residential for rent, mixed use, retail7519———2022Q1 2022Jan 2024 – Jun 2024Dec 2023−3.5 mo
(−6.0 to −1.0)
sourcedcompleted
HensleyCoquitlam, Canada
residential for sale264133———2018January 2018Jan 2020 – Dec 2020Jan 2022 – Dec 2022+24.0 mo
(+13.0 to +35.0)
sourcedcompleted
WilkinsonVancouver, Canada
residential for rent104110—CAD 48.5m
construction loan
—20192019—Jun 2021—not scorablecompleted
425 West 6thVancouver, Canada
office, retail—10184,215 sq ft——20192019Sep 2021 – Dec 2021Jan 2021 – Dec 2021−4.0 mo
(−11.0 to +3.0)
sourcedcompleted
EverleaCoquitlam, Canada
residential for rent2011———————Jan 2021 – Dec 2021—not scorablecompleted
MasonNorth Vancouver, Canada
residential for sale401——————May 2021Jan 2021 – Dec 2021+1.5 mo
(−4.0 to +7.0)
sourcedcompleted
Click any row for the sources behind it. Cost basis matters: an estimated cost, a construction loan and a sale price are different numbers. Each row states which one it is, so they are never averaged together.

Awards

Awards & recognition

2 found
PROJECT AWARD Winner December 5, 2016 (reported; gala held November 23, 2016)
UDI Awards for Excellence — Suburban High-Rise Residential · M3
M3, developed by Cressey Development Corp., won the Suburban High-Rise Residential category at the 2016 UDI Awards for Excellence.
SUSTAINABILITY Certified October 13, 2023 (reported; completed June 2021)
LEED Gold certification · Wilkinson
Wilkinson by Cressey is reported as a LEED Gold-certified 10-storey rental project; the project was completed in 2021.

Risks

Risk flags

5 found
SAFETY / LABOUR WorkSafeBC site visit September 3, 2024; reported December 18, 2024
WorkSafeBC imposed a $27,000 administrative penalty on Cascadia Apartment Rentals Ltd., an affiliated Cressey rental company, after finding that renovation work at 1010 King Albert Avenue proceeded without a qualified hazardous-materials inspection or asbestos training; asbestos-containing drywall was disturbed and a stop-work order was issued. The report also said workers lacked appropriate asbestos protective equipment.
SAFETY / LABOUR Reported October 24–25, 2023; tenant letter dated September 11, 2023
Tenants in four Cressey-owned East Vancouver buildings alleged that pest and mould infestations, flooding, delayed repairs, lack of an emergency contact, and inadequate inspection of smoke and carbon-monoxide detectors made some units unsafe or unlivable; Cressey said it accepted responsibility for delayed communication and had begun assessments, repairs, and one tenant relocation.
LEGAL Claim reported May 31, 2023; alleged constructive dismissal May 12, 2023
A former Cressey marketing director sued Cressey Development Corp., alleging constructive dismissal, breach of contract, sex and family-status discrimination, and unequal pay after she challenged compensation and was reassigned and required to return to regular office hours; the source states that none of the allegations had been proven in court.
PROJECT CANCELLED 2025-04-14 (cancellation); 2026-07-16 (replacement rezoning approved)
Cressey Development Group’s 2022 development-permit application for 485 Commercial Drive was cancelled by the City of Vancouver on April 14, 2025; the earlier concept was subsequently replaced by a new Cressey–Kettle proposal for the site, approved for rezoning on July 16, 2026, so this is a resolved/superseded cancellation rather than evidence that the current project is abandoned.
PROJECT CANCELLED 2019 concept cancelled; revised proposal reported July 9, 2025
Cressey Development’s 2019 concept for 1880–1898 Main Street and 1851 Lorne Street in Vancouver was reported cancelled after more than six years, but Cressey returned with a materially revised 2025 rezoning proposal; the finding concerns the cancelled original concept, not the current proposal.

Record status

active
Coverageactive
Tracked sinceOctober 11, 2026
Last checkedOctober 12, 2026 this month
Profile last researchedOctober 12, 2026
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For informational purposes only. This information is not investment, financial or credit advice and should not be relied on for investment, lending or credit decisions. Records may be incomplete or outdated. Verify information independently and seek qualified advice before making a decision.