When Chaim Burnett started his fresh produce trucking business over 60 years ago, the name Burnac Corporation was far from his mind.
Chaim’s one-man trucking company evolved into a major food distribution company—Provincial Fruit Co. Limited. Today, this food distribution company has developed into a new state-of-the-art produce distribution centre known as Burnac Produce Limited.
In 1964, Joseph, a lawyer, founded a mortgage lending business financing commercial developments. This business was a predecessor to Burnac Corporation. Noting the success of its borrowers, a decision was made to incorporate Burnac Leaseholds Limited, a real estate development company. In 1976, Burnac began developing shopping centres across Eastern Canada. Ted, a lawyer, joined Burnac in 1987 as President of its real estate division. The company continues to be actively involved in the development and management of commercial real estate communities. In addition to a number of regional and community malls, both existing and under development, Burnac’s roster of commercial properties includes major tenants across Canada.
In 1992, Burnac’s principals seized an opportunity to further their interests in the business of high-end luxury goods. The acquisition of Royal de Versailles Jewellers fit well with their vision. Located at 101 Bloor Street West, Royal de Versailles offers a distinguished line of fine watches, jewellery and gifts. The store also offers in-house jewellery manufacturing and repair/restoration services. Specialty jewellery events are also held several times a year, attracting clientele from around the world.
Seeking to diversify itself in the early 1990s, Burnac entered Toronto’s luxury condominium marketplace with one purpose in mind: to develop unique and cutting-edge high-rise residential developments, providing the best the industry has to offer. Combining architectural flair with advanced construction, superior location and, above all, value, the company struck a chord with buyers looking for homes that would exceed their expectations. The results couldn’t have been more impressive: Park Avenue and 33 Delisle, both at Yonge and St.Clair, the centre of Uptown Toronto, were extremely well received and were almost fully sold out soon after they hit the market. As a testament to the value provided to buyers, the price of resale units in these projects has far exceeded inflationary increases in the Toronto real estate market as a whole. In many cases, values doubled within three years. Equally impressive is 85 Bloor, a landmark of impeccable design set in the heart of the city’s fashion and entertainment district. Tony Barry, Vice President, Real Estate Division notes, “Living in a Burnac condominium is all about enjoying an unparalleled lifestyle. Each building features a superior location, innovative architecture and leading-edge amenities. Whether you’re a first-time buyer or looking for your dream home, Burnac always offers you something exceptional.”
Vision. Innovation. Imagination. Leadership. These are but a few of the qualities that have made Burnac what it is today. With a successful history of growth and diversity, we are well positioned to embrace new opportunities as they arise. Burnac strongly believes in building relationships with companies and individuals who share our drive for success.
Burnac is a wholly-owned, Canadian, family business with its headquarters in Toronto, Ontario, Canada.