JULY/AUGUST 2019 BCBUSINESS 69 COURTESY OF CONCERT PROPERTIES
From real estate shortfalls to sandwich gains,
here are some of the companies on our list that
saw the biggest revenue swings in 2018
b y N a t h a n C a d d e l l
Winners +
Losers
Concert Properties
REVENUE CHANGE: 329.4%
NET INCOME: $237.9 million
NET INCOME CHANGE: 147.3%
The largest developer of rental housing in
Western Canada had a busy 2018. At home,
it bought an eight-storey building currently
occupied by the Canada Revenue Agency
in Vancouver's False Creek Flats neighbour-
hood, not far from Concert Properties' own
headquarters. The company also scooped up
a massive Toronto development site at Bloor
and Sherbourne streets. And it worked with
cities like Victoria and Coquitlam to develop
entire blocks. In Coquitlam, the local govern-
ment is paying for half the deal, which will
see more than 2,700 residential units close
TOUCH THE SKY(TRAIN)
Concert Properties'
Burquitlam development
sits next to rapid transit.
The City of Coquitlam
will foot half the bill
