- CEO
- Parveshindera Sidhu
- Full Time Employees
- 120
- Sector
- Real Estate
- Industry
- Real Estate - Development
- Address
- 6240, 333-96 Ave. NE Calgary AB Canada T3K 0S3
- IPO Date
- Aug 17, 2012
- Business
- Genesis Land Development Corp. (TSX: GDC) operates as an integrated land developer and residential home builder focused on the acquisition, development, and sale of land, residential lots, and homes primarily in the greater Calgary Metropolitan Area, Canada. The company conducts its activities through two principal segments: land development, which entails planning, rezoning, subdividing, servicing, and selling residential lots, commercial lands, and industrial properties to third-party builders and developers; and homebuilding, which involves the planning, development, and sale of single-family homes, townhomes, multi-family units, and select commercial parcels through its wholly-owned subsidiary Genesis Builders Group. It develops master-planned communities such as Bayview, Bayside, Sage Hill Crest, Sage Meadows, Logan Landing, and the newly launched Huxley in Airdrie and Calgary, offering a range of housing options tailored to families seeking proximity to urban amenities and natural landscapes; operations remain concentrated in Western Canada, with active projects in Calgary and Rocky View County. Founded in 1991 and headquartered at 6240, 333 - 96 Ave NE in Calgary, Alberta, the company, formerly Genesis Capital Corp. until its name change in October 1998, maintains a vertically integrated model to control the full development process from raw land acquisition to home sales. Recent developments include multiple strategic land acquisitions, such as a 734-acre parcel in southeast Calgary for $53.9 million in May 2024 with an option on 106 additional acres, a 27% stake increase in the 185-acre OMNI commercial and retail project in Rocky View County during Q2 2025 bringing its ownership to 100%, and various joint venture interests in 2024 encompassing 151 acres in east Calgary, 243 acres in southeast Calgary, and 782 acres in east Airdrie; the company also reported robust Q3 2025 results with revenues of $116.9 million, a 48% rise in residential lot sales to 318 units, and a special dividend declaration of C$0.11 per share, alongside a leadership transition in June 2025 with the retirement of President and CEO Iain Stewart and appointment of Parveshindera (PS) Sidhu to those roles.