As one of Canada’s most experienced development management firms specializing in affordable housing, Terra has been providing development expertise to mission-driven organizations for the past four decades.
Comprehensive services for social purpose real estate
In the last 40 years, Terra has worked with more than 180 non-profit organizations, urban Indigenous groups, and all levels of government – including BC Housing - to develop over 300 completed projects and 16,000 housing units in 50 communities across the province. We have worked on projects across BC, earning the trust of our clients to guide them in making informed real estate decisions.
From initial project vision and financial modeling strategy to design, approvals, construction, and claims - Terra is with you all the way.
What is social purpose real estate?
Social purpose real estate refers to real estate assets whose value is used to benefit the community, not remote, privately owned companies or investors. It can take the form of affordable housing, community spaces or other properties that support safe, stable and sustainable living and an enhanced quality of life.
Expertise and experience built over decades
Terra was founded in 1984 by Jim O’Dea and Stuart Thomas, who saw that many nonprofit organizations were eager to create affordable housing but lacked the experience to navigate the development process. Recognizing this need, they joined forces—bringing together their knowledge and expertise—to guide these organizations and advocate on their behalf. What began as a shared mission grew into a lasting partnership that has endured for decades.
Building on Terra’s 40-year legacy, the Terra team is now led by several experienced Partners who bring fresh perspectives and renewed energy to continue Terra’s mission of serving the social purpose real estate sector and community organizations with excellence and unparalleled experience.
