Mattamy Homes

Mattamy Homes

Diversified asset management with homebuilding operations

Overview

Mattamy Asset Management oversees a diversified portfolio anchored by its homebuilding business and a range of other investments across Canada and the United States. It coordinates Mattamy Homes, the largest privately owned homebuilder in North America, and pursues opportunities in real estate, private equity, and development projects. The way it works is by combining the stable, long-term returns from homebuilding with a broader investment strategy, using real estate knowledge to evaluate, acquire, and manage properties and development initiatives. It differentiates itself through its private ownership structure, deep expertise in real estate, and a focus on diversification to balance risk and reward across multiple asset classes and geographies. Its goal is steady, long-term portfolio growth with prudent risk management and capital preservation.

About Mattamy Homes

Simplify's Rating
Why Mattamy Homes is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Venture Capital

Financial Services

Real Estate

Company Size

1,001-5,000

Company Stage

Debt Financing

Total Funding

$736M

Headquarters

Toronto, Canada

Founded

1978

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Simplify's Take

What believers are saying

  • August 17, 2026 orders jumped 40% to 2,532 homes, signaling stronger demand.
  • June 2026 debt refinancing pushed maturities later and reduced 2027-2028 refinancing pressure.
  • New Phoenix, Dallas, and Southwest Florida communities expand inventory into active Sun Belt markets.

What critics are saying

  • August 17, 2026 revenue fell 17.9% and closings dropped 10.4%, squeezing cash generation.
  • Backlog fell 20% in Q4 2026, risking weaker 2027 deliveries if demand softens.
  • Wellen Park litigation ended, but Tampa Bay defect claims show recurring construction liability exposure.

What makes Mattamy Homes unique

  • Mattamy is North America's largest family-owned homebuilder, still privately controlled by Peter Gilgan.
  • It sells across 11 U.S. markets and four Canadian cities, diversifying local cycles.
  • It builds master-planned communities like Wellen Park, Villages of Hurricane Creek, and Rocking K.

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Funding

Total Funding

$736M

Above

Industry Average

Funded Over

1 Rounds

Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Debt Funding Comparison
Coming Soon

Benefits

Hybrid Work Options

Growth & Insights and Company News

Headcount

6 month growth

4%

1 year growth

4%

2 year growth

4%
PR Newswire
Aug 17th, 2026
Mattamy Group revenue falls 17.9% to $2.18B as closings drop but net sales orders jump 40%

Mattamy Group Corporation, North America's largest family-owned homebuilder, reported a 17.9% revenue decline to $2.18 billion for its fourth quarter ended 31 May 2026, down from $2.66 billion in the prior year quarter. Homes closed fell 10.4% to 3,143 units from 3,509. However, net sales orders surged 40.0% to 2,532 homes from 1,808 homes year-on-year. Sales order backlog decreased 20.0% to 3,147 units from 3,934 units. For the full year, revenue dropped 7.9% to $5.90 billion from $6.40 billion, whilst homes closed decreased 2.3% to 8,261 from 8,453. Net sales orders rose 8.6% to 7,474 homes. Mattamy operates across 11 US markets and four Canadian cities, helping approximately 8,000 families annually achieve home ownership.

PR Newswire
Apr 21st, 2026
Mattamy Group revenue falls 18.9% to $1.29B in Q3 2026 despite 5.4% sales order growth

Mattamy Group Corporation, North America's largest family-owned homebuilder, reported mixed third quarter results for the period ended 28 February 2026. Revenue declined 18.9% to $1.29 billion from $1.59 billion year-over-year, whilst homes closed fell 11.2% to 1,810 units. However, net sales orders increased 5.4% to 1,784 homes, though sales order backlog dropped 33.3% to 3,758 units from 5,635 units in the prior year quarter. For the 12 months ending 28 February 2026, revenue rose 11.2% to $6.4 billion from $5.75 billion, with homes closed up 12.6% to 8,627 units. Net sales orders declined 8.1% to 6,750 homes. The company operates across 11 US markets and four Canadian cities, helping approximately 8,000 families annually achieve home ownership.

MB News
Dec 17th, 2025
Mattamy Group completes $475M and C$350M notes offering to refinance debt

Mattamy Group Corporation, North America's largest family-owned homebuilder, has completed an offering of US$475 million and CAD$350 million in senior unsecured notes. The company plans to use the proceeds to redeem its outstanding US$500 million of 5.250% senior notes due 2027 and CAD$250 million of 4.625% senior notes due 2028, repay revolving credit facility borrowings and cover related expenses. Mattamy operates in 11 US markets including Dallas, Phoenix and Orlando, and four Canadian cities including Toronto and Calgary. The company helps more than 8,000 families purchase homes annually and has over 47 years of operating history. The notes were not registered under the US Securities Act of 1933 and cannot be offered or sold in the United States without registration or an applicable exemption.

PR Newswire
May 19th, 2025
Mattamy Homes Opens New Community In San Tan Valley, Az

Four new model homes are now available for touring in Phoenix's increasingly popular San Tan Valley, with Quick Move-in homes expected to close as early as SeptemberPHOENIX, May 19, 2025 /PRNewswire/ - Mattamy Homes, one of North America's largest privately owned homebuilders, has recently celebrated the grand opening of Landmarke, a community of new single-family homes in a prime location within San Tan Valley, AZ.Landmarke offers 11 newly available home designs, including four beautifully crafted models – Cobalt, Pacific, Garnet and Mahogany – available for touring in the community. Quick Move-in Homes with closing dates as early as September are also available, as well as dirt homesites for buyers to build their dream home from the ground up

PR Newswire
May 15th, 2025
Mattamy Homes Celebrates Grand Opening Of Blackhawk In East Tucson, Az

TUCSON, Ariz., May 15, 2025 /PRNewswire/ - Mattamy Homes, one of North America's largest privately owned homebuilders, is thrilled to welcome the public to the grand opening celebration of Blackhawk, a thoughtfully planned new community in Tucson's desirable East Side.The event, set for 10 a.m.- 5 p.m., Saturday, May 17, will feature local food trucks serving Sonoran-style hot dogs, a dessert truck and balloon-artist creations for all ages

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