30 B C H o u s i n g M a n a g e m e n t C o m m i s s i o n
B C B U S I N E S S . C A
J U LY/A U G U S T 2 0 2 5
c=converted from US$
NATURAL RESOURCES
RANK COMPANY
2024 REVENUE
($000)
2023 REVENUE
($000)
1 Teck Resources 9,065,000 15,011,000
2 West Fraser Timber Co. 8,457,145 c 8,710,964 c
3 First Quantum Minerals 6,577,780 c 8,713,663 c
4 Canfor Corp. 5,252,800 5,426,600
5 Lundin Mining Corp. 4,688,277 4,578,286
6 Pan American Silver 3,861,329 c 3,126,040 c
7 Interfor Corp. 3,023,600 3,315,700
8 Elk Valley Resources 2,994,383 NA
9 Mercer International 2,798,995 c 2,691,091 c
10 B2Gold Corp. 2,605,401 c 2,610,687 c
c=converted from US$
REAL ESTATE
RANK COMPANY
2024 REVENUE
($000)
2023 REVENUE
($000)
1 BC Housing Management Commission 2,630,738 2,409,981
2 Anthem Properties 1,300,000 833,600
3 Polygon Family of Companies 754,000 838,000
4 Ventana Construction Corp. 700,000 500,000
5 Concert Properties 525,000 427,000
6 American Hotel Income Properties REIT 351,880 c 378,619 c
7 City Office REIT 234,408 c 241,726 c
8 Wall Financial Corp. 155,203 144,352
c=converted from US$
RETAIL
RANK COMPANY
2024 REVENUE
($000)
2023 REVENUE
($000)
1 Lululemon Athletica 14,503,614 c 12,983,139 c
2 RB Global 5,868,497 c 4,966,356 c
3 Best Buy Canada 4,595,679 c 4,729,349 c
4 BC Liquor Distribution Branch 3,939,482 3,873,632
5 OpenRoad Auto Group 2,456,368 2,183,072
6 Aritzia 2,332,350 2,195,630
7 Kal Tire 2,100,000 2,100,000
8 The Oppenheimer Group 1,515,000 1,300,000
9 Otter Farm & Home Co-operative 530,016 479,508
10 Cloverdale Paint 505,000 497,909
Perennial performers Telus Corp.
and Lululemon Athletica both stumbled
operationally in 2024, though they still
managed to eke out higher revenues.
Forest giants like West Fraser Timber and
Canfor Corp. continued to suffer through
a cyclical downturn. There's no obvious
cohort of rising stars ready to take Team
B.C. to the next level.
One possible exception was gold miners.
Thanks to the yellow metal's steady climb
toward US$3,000 an ounce amid growing
geopolitical uncertainty, precious metals
mining, exploration and royalty streaming
companies leapfrogged up the list. They
were led by Pan American Silver (with a 23
percent revenue gain), Equinox Gold Corp.
(39.5 percent), Eldorado Gold Corp. (33.1
percent), Wheaton Precious Metals Corp.
(28.3 percent), Lundin Gold (34.1 percent),
Fortuna Mining Corp. (27.9 percent), China
Gold International Resources Corp. (67.1
percent), K92 Mining (77.7 percent) and
Orla Mining (49.4 percent). Wheaton,
meanwhile, surged to the top of our list
of B.C.'s 10 biggest companies by market
capitalization (page 31), with a market value
exceeding $50 billion.
Other notable growth stories, all with
revenue gains of 40 percent or more,
included Anthem Properties, Imperial
