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Our History

Great companies, like great communities, don't happen by accident. It takes time, dedication and vision to build a successful company, and above all else, it takes a clear understanding of who you are, what you stand for and who you aspire to be.

Brookfield Homes (Ontario) founded.

Carma Developers founded in Calgary.

Carma Developers listed on TSX. Edmonton office opens.

Washington, D.C. operations established.

Brookfield Properties acquires an interest in Carma Developers and buys the remaining shares of the company.

Homebuilding operations started in Calgary.

California operations established.

Colorado operations established.

Carma Developers is privatized, placing its subsidiaries (Carma and Brookfield Homes Ontario) under BPO Residential, Brookfield Properties’ residential land and housing division.

Brookfield Homes is incorporated.

Brookfield Homes is listed on NYSE.

Austin operations established.

The merger between BPO Residential and Brookfield Homes completed. Brookfield Residential is formed and starts trading on the TSX.

Homebuilding operations started in Denver.

Phoenix operations established.

Major shareholder Brookfield Asset Management takes Brookfield Residential private. Homebuilding operations started in Austin. Brookfield Residential acquires ALBI Homes.

Brookfield Residential becomes operating partner for Eastmark in Phoenix, AZ. Mixed-use expansion and acquisition of OliverMcMillan assets.

Brookfield Residential acquires Newland including (5%) General Partner's equity interest in 15 (of the 20) master-planned communities it's developing, significantly widening our geographical footprint.

A black and white photo of Carma employees before becoming Brookfield Residential
For more than 65 years, through our predecessor companies, Brookfield Residential has been creating the best places to call home. As a leader in land development and homebuilding, we continue to maintain the same solid values that have helped us successfully navigate through several decades of growth and change.
The 2021 acquisition of Newland has positioned Brookfield Residential for growth by significantly widening our geographical footprint in key growth cities to complement our existing platform of master-planned communities - further strengthening Brookfield Properties position as a leading land development company in North America.