DVL Homes

In recent years, in addition to de- signing and building single fam- ily homes, DVL has also started developing some of their own multi-residential projects. They are currently in the process of building a six-storey condomini- um project, for example. In the near future, however, Nick is particularly interested in exploring Vancouver’s afford- able and social housing market. The city has long had a deficit of those kinds of projects and has been offering incentives to build more. Moving forward, DVL Homes’ goal is to take ad- vantage of those incentives and do their part in addressing that problem. At the same time, Nick says the company wants to maintain their hold on the single-fami- ly luxury home market. That’s where DVL Homes has been enormously successful in the past, and Nick expects that suc- cess to continue. “We want to maintain our space in the luxury home market,” he says. “We also want to carve more space in the multi-family market, and build more high- rise condominiums.” “Along the way, we want to col- lect some properties to build commercial rentals on,” he adds. “We want to build those, lease them out, and keep the cash flowing.” “We want to have lots of dif- ferent avenues for growth,” he says in summation Currently, DVL Homes has a staff capable of taking on more projects and larger projects. As the company continues to grow, Nick says that the staff will grow along with it, but never to the point where he’s not personally involved in everything they do. “I want to stay hands-on,” he says. “I have people on the ground that I trust, but when it comes to major decisions, when it comes to the choices that are really important – I will always want to have a look. I want to stay in the game.” Continued success BUSINESS WORLD MAGAZINE