Mattamy Homes and Truman Launch 1,900-Home Development in Chestermere

Event summary

  • Mattamy Homes and Truman closed a deal on January 20, 2026 to develop a 253-acre master-planned community in Chestermere, AB.
  • The project will include approximately 1,900 homes, including single-family, semi-detached, townhomes, and multi-family apartment buildings.
  • Development approvals are expected in spring 2027, with construction beginning in summer 2028 and first move-ins in early 2029.
  • Mattamy will serve as the managing partner, marking its return to Chestermere after a decade.

The big picture

This partnership combines Mattamy's national experience with Truman's local expertise in Chestermere, targeting one of Alberta's fastest-growing cities. The project reflects a broader trend of large-scale, mixed-use developments in suburban markets near major urban centers. With approximately 1,900 homes and commercial retail spaces, the development could significantly impact Chestermere's housing market dynamics.

What we're watching

Market Demand
How Chestermere's growth trajectory will support the absorption of 1,900 new homes.
Regulatory Timing
Whether development approvals in spring 2027 will proceed as planned.
Execution Risk
The pace at which Mattamy and Truman can deliver the project given its scale and complexity.

Related topics

Partnership