vs Venture Pacific
Costar Construction vs Venture Pacific
Two Metro Vancouver construction management companies that each build custom homes and multiplexes. A factual side-by-side so you can ask better questions before signing a contract.
Costar Construction
About Costar
Costar Construction is a Vancouver construction management company registered as Costar Construction Inc. (BC Registry number BC1232230). The team builds custom homes, multiplexes, laneway homes, kitchen and bathroom renovations, and commercial tenant improvements across Metro Vancouver, with completed projects in Vancouver, Richmond, Burnaby, and New Westminster.
In 2024, Costar's multiplex project "It Takes Two" won Best Multiplex Home at the Georgie Awards, presented by the Canadian Home Builders' Association of BC. Costar is a member of the Homebuilders Association Vancouver (HAVAN).
Costar uses CoConstruct (Buildertrend) project software and a cost-plus pricing model, so the client can see the budget and schedule at each stage. A construction manager is assigned to every project to coordinate subtrades, inspections, and materials.
Venture Pacific
About Venture Pacific
Venture Pacific is a Metro Vancouver and Fraser Valley construction and development firm with two divisions: Build, which handles custom homes and renovations, and Develop, which partners with property owners to build multiplex and missing-middle housing on their lots.
On the development side, Venture Pacific operates as General Partner while the property owner acts as Limited Partner. The company says it carries construction risk so the owner does not: cost overruns and delays are its responsibility, not the property owner's. These are Venture Pacific's own stated terms, which a written contract with their team would confirm.
Venture Pacific says it has more than 40 years of combined construction experience across its leadership, and lists awards from HAVAN and CHBA BC on its site. The company was a 2026 Georgie Awards finalist for Best Multiplex Home (confirmed on the CHBA BC 2026 finalists list) and a 2026 HAVAN Awards finalist for Best Kitchen Renovation (confirmed on HAVAN's own announcement).
Services and approach
Side-by-side comparison
| Feature | Costar Construction | Venture Pacific |
|---|---|---|
| Business type | Independent company, Metro Vancouver only | Independent company, Metro Vancouver and Fraser Valley |
| Custom homes | Yes (design, permit and construction management) | Yes (design coordination and construction management) |
| Multiplex and missing-middle housing | Yes (construction management on client-owned lots) | Yes (full development partnership via GP/LP structure, or construction management) |
| Laneway homes and legal suites | Yes, in Vancouver, Burnaby and New Westminster | Listed as a service on their site |
| Kitchen and bathroom renovations | Yes | Yes, and major renovations and heritage restorations |
| Commercial tenant improvements | Yes | Not listed as a service |
| Project tracking software | CoConstruct (Buildertrend). Client can view budget and schedule. | Proprietary platform (by their own account): schedules, budget updates |
| Pricing model | Cost-plus with a written contract | Open-book budgeting (by their own account); GP/LP share structure on development |
| Construction risk on multiplex development | Client bears construction risk; Costar manages execution | Venture Pacific says it carries construction risk on development projects as General Partner |
| Awards | 2024 Georgie Award, Best Multiplex Home (verified, CHBA BC) | 2026 Georgie finalist, Best Multiplex Home; 2026 HAVAN finalist, Best Kitchen Renovation (both confirmed on their respective published lists) |
| Industry memberships | HAVAN member (confirmed in HAVAN member directory) | HAVAN member; CHBA BC (listed on their site; not independently confirmed here) |
Cost and pricing
Pricing comparison
| Feature | Costar Construction | Venture Pacific |
|---|---|---|
| Custom home cost range | Costar does not publish a per-square-foot range. Cost depends on size, site, finishes and Energy Step Code requirements. Ask in a free consultation. | Venture Pacific publishes "$350 to $550 per square foot" for Metro Vancouver and Fraser Valley builds (hard costs; soft costs, design and permits are separate). This is their own stated range. |
| Multiplex cost range | Costar does not publish a standard range. Ask for a lot-specific estimate. | Venture Pacific states a fourplex typically runs $2.8 to $4.2 million before land, based on their published $350 to $550/sq ft range. |
| First consultation | Free. Book through the Costar website. | Free initial feasibility conversation (their stated policy) |
| Pricing transparency | Cost-plus contract; client sees itemised costs through CoConstruct | Open-book budgeting and real-time budget updates (by their own account) |
Project fit
Which builder fits your project
| Feature | Costar Construction | Venture Pacific |
|---|---|---|
| You own a Vancouver, Burnaby or New Westminster lot and want to build a multiplex | Costar has completed multiplexes in Vancouver and serves all three cities | Venture Pacific serves all three cities; also offers GP/LP development partnership |
| You want the builder to carry construction risk | The client carries construction risk; Costar manages the build | Venture Pacific says it carries construction risk on development projects. The written contract sets the exact terms. |
| You need a commercial tenant improvement | Costar builds commercial and tenant improvement spaces | Venture Pacific does not list commercial work |
| You want a kitchen or bathroom renovation | Yes | Yes, plus major renovations and heritage restorations |
| Your project is in the Fraser Valley | Costar's stated service area is Metro Vancouver only | Venture Pacific serves Metro Vancouver and the Fraser Valley |
| You want to keep the land and share proceeds from a multiplex | Costar builds on client-owned land; it does not offer a development partnership | Venture Pacific's GP/LP model is designed for owners who contribute land and share in the outcome |
Costar Construction
Choose Costar if…
- Your project includes a commercial tenant improvement alongside residential work.
- You want a builder with a verified 2024 Georgie Award win specifically for a multiplex in Vancouver.
- Your project is in Vancouver, Richmond, Burnaby, New Westminster, or another Metro Vancouver city and you want a local team with completed projects in those areas.
- You want cost-plus pricing with CoConstruct software so you can track the budget at each stage.
- You need a laneway home or legal suite in Vancouver, Burnaby, or New Westminster.
Venture Pacific
Choose Venture Pacific if…
- Your project is in the Fraser Valley or a municipality outside Metro Vancouver.
- You want a development partnership where the builder carries construction risk and you contribute the land.
- You want a builder who has recently been a finalist for Best Multiplex Home at the 2026 Georgies.
- Your project is a heritage restoration or a high-performance (Step Code 5) build. Venture Pacific lists both on their site.
- You want the builder to handle a feasibility and equity review before you decide whether to proceed.
Our read
Verdict
Both companies are Metro Vancouver construction management firms that build custom homes and multiplexes, and both use open-book pricing and project software to keep clients informed. The clearest difference is the business model on the development side: Venture Pacific offers a GP/LP partnership where they say they carry construction risk, which suits an owner who wants the builder's financial skin in the game. Costar builds on client-owned land under a cost-plus contract, which suits an owner who wants full control and direct visibility into costs. A second difference is service breadth: Costar does commercial tenant improvements; Venture Pacific does heritage restorations and Fraser Valley projects. The best next step for either is a free consultation where you can ask each company to show you a completed project similar to yours.
This page was written by Costar Construction. Every claim about Venture Pacific comes from their published website or from an independent source, and is attributed in the text. A first meeting with both companies — not this page — is the right way to choose.
Questions
Questions about this comparison
Are Costar Construction and Venture Pacific both in Metro Vancouver?
Yes. Costar's stated service area is Metro Vancouver, covering Vancouver, Burnaby, Richmond, New Westminster, Coquitlam, North Vancouver, West Vancouver, and Port Moody. Venture Pacific serves Metro Vancouver and also takes projects in the Fraser Valley, including Langley.
Which company won a Georgie Award for multiplex construction?
Costar won Best Multiplex Home at the 2024 Georgie Awards, presented by the Canadian Home Builders' Association of BC. That win is confirmed on the CHBA BC 2024 Georgie winners list. Venture Pacific was a finalist for Best Multiplex Home at the 2026 Georgie Awards, confirmed on the CHBA BC 2026 finalists list.
What is the difference between Costar's and Venture Pacific's multiplex approach?
Costar builds multiplexes on the client's land under a cost-plus contract with CoConstruct software so the client can track costs and schedule. Venture Pacific also offers a GP/LP development partnership where they say they carry construction risk and the property owner contributes land, sharing proceeds at completion. The exact terms of either arrangement are set in a written contract.
Does Venture Pacific do commercial tenant improvements?
Commercial tenant improvements are not listed among Venture Pacific's services on their website. Costar lists commercial and tenant improvements as a service, with completed examples including a health clinic, a bubble tea shop, and nail salons in Vancouver, Burnaby, and Surrey.
How do the two companies handle pricing transparency?
Costar uses cost-plus pricing with a written contract and CoConstruct project software, so the client sees the itemised budget and schedule update as the build progresses. Venture Pacific says it provides open-book budgeting and real-time budget updates through its own platform. Both approaches are worth confirming in a consultation, since the actual contract governs what you see.
Does Venture Pacific publish its construction cost per square foot?
Venture Pacific publishes "$350 to $550 per square foot" as a range for Metro Vancouver and Fraser Valley builds, covering hard construction costs. That range excludes design, permits, and financing. Costar does not publish a standard range. The cost depends on the lot, the Energy Step Code requirement, and the finishes. Costar discusses the specific numbers in a free consultation.
Which builder should I choose for a laneway home in Vancouver?
Both companies list laneway homes as a service. Costar's completed project gallery includes a laneway home in Kitsilano, built as part of a project that also included a legal suite on the same lot. Ask each company in a consultation which specific Vancouver neighbourhoods they have built in recently.
Can I see completed multiplex projects from each company?
Yes. Costar's project gallery on this site includes a 5-plex on East 40th Avenue and a 6-plex in Killarney, both in Vancouver. Venture Pacific shows completed projects on their website, with examples ranging from townhomes in Langley to single lots in Metro Vancouver. Both are worth visiting before you meet with either team.
Does either company work with clients who already have a designer?
Yes. Costar works with the client's own designer or architect from the first drawings so the design stays buildable. Venture Pacific describes a design coordination role as part of their process. Both approaches are worth discussing in a first meeting.
Is this comparison page affiliated with either company?
This page was written by Costar Construction. Every claim about Venture Pacific comes from their own published website or from independent bodies (HAVAN and CHBA BC award lists), and is attributed accordingly. A first consultation with both companies is the right way to choose, not this page alone.
Sources
Every claim about Venture Pacific on this page comes from the sources below. Checked on the dates shown.
- Venture Pacific website: services and processventurepacific.ca. Checked 2026-10-06. Services listed for Build and Develop divisions; GP/LP risk model description
- Venture Pacific website: multiplex developmentventurepacific.ca. Checked 2026-10-06. Pricing range $350 to $550/sq ft; fourplex cost $2.8 to 4.2M; risk model details
- Venture Pacific website: aboutventurepacific.ca. Checked 2026-10-06. Leadership names and backgrounds; award claims (self-declared)
- 2026 HAVAN Awards Finalists AnnouncedHomebuilders Association Vancouver (HAVAN). Checked 2026-10-06. Venture Pacific listed as finalist, Best Kitchen Renovation $150,000 to under $175,000, project Crescent Beach Revival
- 2026 Georgie Awards FinalistsCanadian Home Builders' Association of BC (CHBA BC). Checked 2026-10-06. Venture Pacific listed as finalist, Best Multiplex Home Projects category
- 2024 Georgie Awards WinnersCanadian Home Builders' Association of BC (CHBA BC). Checked 2026-09-24. Costar, Best Multiplex Home, project It Takes Two
- Costar Construction Ltd. in HAVAN member directoryHomebuilders Association Vancouver (HAVAN). Checked 2026-09-24. Costar is a current HAVAN member
- Costar Construction Inc. in BC RegistryOrgBook BC / BC Registries. Checked 2026-09-24. Registered name and active status of Costar Construction Inc., BC1232230
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