The real deal

Tue, 01 Jul 2008 09:12:21 -0700

by Peter Mitham

Real estate is booming, so why are so few developers on the Top 100 list of B.C.’s biggest companies? Mainly because revenue, our basis for ranking companies, is one bit of information few developers are willing to disclose.

But it also has to do with how the revenues of development companies are calculated. Residential developers – the most obvious candidates to rank among the major corporate players in the province – typically don’t receive the majority of sales revenue from pre-sales until a project completes.

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The real deal