History

Our story begins in Hong Kong in 1959, when Peter Young, Peterson’s founder, started his textile importing business. After success in Hong Kong, the family immigrated to Canada where following his entrepreneurial spirit, Peter began to venture into partnerships investing and developing real estate in Vancouver, British Columbia. Peter’s younger son Ben, followed in his father’s entrepreneurial footsteps and began his career in real estate through creating partnerships with investors, many of whom are still investing with Peterson to this day.

 
  • 1959

    MODEST BEGINNINGS: The first typewriter used by Peter Young for his textile importing business. Today, this typewriter remains as a symbol of where we started.

  • 1978

    OFFICIALLY INCORPORATED: Peter Young incorporates Peterson Trading Ltd. on August 1, 1978.

  • 1988

    FIRST COMMERCIAL PROPERTY: Peterson acquires 1166 Alberni Street, Vancouver, BC, home to our corporate head office.

  • 1989

    ENTERING THE RETAIL MARKET: Peterson purchases Spruceland Shopping Centre in Prince George, BC, and Jericho Shopping Centre in Vancouver, BC.

  • 1994

    FIRST DEVELOPMENT: Peterson completes its first commercial office development at 111 Dunsmuir Street, Vancouver, BC.

  • 2000

    DOWNTOWN EXPANSION: Built for the Government of Canada, Peterson adds to its office portfolio with the development of 1138 Melville Street, Vancouver, BC.

  • 2002

    ALBERTA EXPANSION: Peterson and partners acquire Londonderry Mall expanding into the Alberta market.

  • 2008/2009

    RESIDENTIAL STRATA PROPERTY MANAGEMENT: Peterson and partners acquire Langara Gardens apartment community and expand into residential strata property management.

  • 2009

    VANCOUVER SKYLINE REDEFINED: Peterson and partners develop the Shangri-La, Vancouver’s first mixed-use luxury hotel, condominium and retail property and complete the transformational Woodward’s mixed-use development.

  • 2009

    CAPITAL LENDING: Peterson expands into the mortgage lending business providing financing for revenue properties, land acquisitions, and development projects.

  • 2010

    WATERFRONT LANDMARK: Peterson and partners complete the development of the mixed-use luxury Fairmont Pacific Rim hotel and condominium in advance of the 2010 Vancouver Winter Olympics.

  • 2012

    USA MARKET: Peterson and partners acquire office, multi-family and land properties in Arizona.

  • 2012

    TORONTO EXPANSION: Located in the heart of Downtown Toronto, ON, Peterson and partners complete the development of the Shangri-La, Toronto, a mixed-use luxury hotel, condominium and retail property.

  • 2013

    A TORONTO ICON: Peterson and partners purchase Honest Ed’s, a landmark discount store located at Bloor and Bathurst streets in Toronto, ON, for future development into a thriving residential and retail hub.

  • 2014

    USA MARKET: Peterson and partners acquire office and multi-family properties in Texas.