Quintet | 2240 E 40th Ave Fiveplex: exterior front elevation

Costar Construction

Builds multiplex homes in East Vancouver. Two projects are finished and open to walk through; a third is under way next door.

About

About Costar Construction

Costar Construction is a Vancouver builder of multiplex homes. Its It Takes Two project won the 2024 Georgie Award for Best Multiplex Home, per the Canadian Home Builders' Association of BC winners list, and the firm is listed in the Homebuilders Association Vancouver member directory. On MultiLiving it built Quintet, five townhomes at 2240 E 40th Ave, and WeKillarney, six townhomes at 2333 E 54th Ave, and City of Vancouver records name it as the contractor for a second six-home project at 2331 E 54th Ave. Louis Nguyen is president. By its own account the firm also builds custom homes, renovations and commercial interiors across Metro Vancouver.

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Track record

What Costar has built, and what you can walk through

Most builder profiles are a paragraph copied from the builder's own website. This one is built from what we could check. Costar Construction has three multiplex projects we can point to in East Vancouver, and two of them are finished homes you can stand in.

Quintet | 2240 E 40th Ave Fiveplex: exterior front elevation

Quintet, 2240 E 40th Ave

Five townhomes on one lot in Kensington-Cedar Cottage, three plans named after jazz musicians, four of them with a suite on the lower floor that has its own front door.

Built by Costar for THT Properties Ltd., the developer named in the disclosure statement dated May 7, 2025. The show home is furnished and open; move-in is expected in November 2026.

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WeKillarney - Exterior Front Rendering

WeKillarney, 2333 E 54th Ave

Six townhomes in Killarney, completed in 2026, three floors each with an island kitchen, a covered balcony and a lower level with its own kitchenette, per the developer's feature sheet.

The Globe and Mail reported in July 2025 that Louis Nguyen partnered with Laidler Capital on the project and planned to sell at a price that moved quickly.

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Photographs to come

2331 E 54th Ave, next door

A second six-home project beside WeKillarney. The City of Vancouver's building permit, issued January 8, 2025, names Costar Construction Inc as the contractor and Lineform Architecture Inc as the applicant.

No prices, plans or photographs yet. We will add them when the developer releases them.

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The award

The Georgie Award, and what it was for

The Georgie Awards are run by the Canadian Home Builders' Association of BC and judged each spring. The 2024 winners release lists Best Multiplex Home as It Takes Two, by Costar Construction Inc with Design Work Group Ltd as the associate company. We read the release itself.

Two things a buyer should know about that line. The award was for It Takes Two, a project the release does not describe further, and neither Quintet nor WeKillarney was the winning home. And the 2025 winners list does not include Costar. An award tells you a jury liked one home in one year. It is a good sign, and it is one sign.

The people

Who runs Costar

Louis Nguyen is the president and Tuan Nguyen a director, according to the Better Business Bureau profile; the HAVAN directory lists Tuan Nguyen as marketing and development manager. When the Globe and Mail's Kerry Gold wrote about small Vancouver builders in July 2025, Louis Nguyen told her he wanted to build and live in a multiplex of his own one day, and put it this way: "The generational multiplex would be, I believe, the next Vancouver Special."

That is the whole pitch of the two projects on this page. The Vancouver Special was the plain, roomy house that let one family live upstairs and another downstairs across the East Side for forty years. Quintet and WeKillarney are that idea in a new building: a suite with its own door on the lower floor, a family home above it.

The Better Business Bureau shows the business starting on December 3, 2019, with an A+ rating, no BBB accreditation, and zero complaints closed in the last three years as of September 16, 2026. The firm's own website says it also builds custom homes, renovations and commercial interiors; those are its words, and we have not checked that part of its work.

The signature

What the two finished projects have in common

Reading the Quintet and WeKillarney feature sheets side by side, the same choices show up twice. Both are the developer's own lists, so treat them as what the developer promised, and then go and look.

  • A heat pump that heats in winter and cools in summer, in every home
  • Oversized triple-glazed windows
  • Bosch appliances behind matching cabinet panels
  • Silestone quartz counters and backsplash
  • Dekton stone on the wall that holds the fireplace or the television
  • Custom millwork: entertainment units, stair shelves, closet organizers
  • EV charging at Quintet, EV-ready carports at WeKillarney
  • A lower floor that works as a suite: a kitchenette at WeKillarney, a suite with its own entrance at Quintet

The design differs between the two. Quintet's interiors are by West One Design in a Japanese and Scandinavian style, with a peninsula kitchen and wool carpet upstairs. WeKillarney has an island kitchen and a linear electric fireplace. If you want to know how a Costar home feels to live in, the show home at Quintet is the place to find out.

Do your own checking

How to check a builder before you sign

A builder's website tells you what the builder wants you to know. These four lookups tell you the rest, and each one is free. We ran them for Costar on September 16, 2026; the results are beside each.

BC Housing licence registry

Every firm building new homes for sale in BC needs a licence. Search by company name at newhomesregistry.bchousing.org.

Costar: We could not reach the registry from our systems, so we do not state a licence status. Ask the sales team for the licence number and look it up.

HAVAN member directory

The Homebuilders Association Vancouver publishes its member list at members.havan.ca.

Costar: Listed: Costar Construction Ltd., 104-338 West 8 Avenue, Vancouver, with 21 service areas.

Georgie Awards winners lists

CHBA BC publishes a winners release each year. Read the release itself.

Costar: 2024: Best Multiplex Home, It Takes Two. 2025: not listed.

The disclosure statement

Names the developer's legal entity, the warranty provider and the completion terms. Read it with a lawyer.

Costar: Quintet's, dated May 7, 2025, names THT Properties Ltd. as developer. It is on the Quintet page.

The Better Business Bureau profile is a fifth check. It is useful for complaints, and its rating is the BBB's own. Accreditation is a paid programme, so its absence says little on its own.

Where they work

Service areas

The HAVAN directory lists 21 municipalities for Costar. The projects we can show you are all in East Vancouver so far.

AnmoreBelcarraBowen IslandBurnabyCoquitlamDeltaLangleyLions BayMaple RidgeNew WestminsterNorth VancouverPitt MeadowsPort CoquitlamPort MoodyRichmondSurreySquamishTsawwassenVancouverWest VancouverWhite Rock
Questions

What buyers ask about Costar

A Vancouver builder of multiplex homes, run by president Louis Nguyen. Its It Takes Two project won the 2024 Georgie Award for Best Multiplex Home, and the firm is listed in the Homebuilders Association Vancouver member directory. On MultiLiving it built Quintet at 2240 E 40th Ave and WeKillarney at 2333 E 54th Ave.

The Canadian Home Builders' Association of BC's 2024 winners list names It Takes Two, by Costar Construction Inc with Design Work Group Ltd, as Best Multiplex Home. That is the award. It was for a different project from Quintet or WeKillarney, and Costar does not appear in the 2025 winners list.

Quintet, five townhomes at 2240 E 40th Ave with a furnished show home and move-in expected in November 2026, and WeKillarney, six townhomes at 2333 E 54th Ave, completed in 2026. Each property page lists which homes are still available and at what price.

The builder. Quintet's disclosure statement, dated May 7, 2025, names THT Properties Ltd. as the developer, and the feature sheet names Costar as the construction firm. At WeKillarney, the Globe and Mail reported that Louis Nguyen partnered with Laidler Capital.

Yes. We checked the Homebuilders Association Vancouver member directory on September 16, 2026 and Costar Construction Ltd. is listed, with its office at 104-338 West 8 Avenue in Vancouver and 21 Metro Vancouver service areas. Membership is a signal the firm takes part in the industry; it is not a quality rating.

Every firm that builds new homes for sale in BC must hold a licence from BC Housing, and the public registry at newhomesregistry.bchousing.org lets you search by company name. We could not reach the registry from our systems when we wrote this page, so check it yourself before you sign, and ask the sales team for the licence number.

The feature sheets for Quintet and WeKillarney both describe the 2-5-10 home warranty that new homes in BC carry: two years on labour and materials, five on the building envelope, ten on the structure. The warranty provider and policy are named in each project's disclosure statement, which is the document to read.

Its HAVAN listing gives 21 service areas across Metro Vancouver, from Bowen Island to White Rock. The projects we can point to are all in East Vancouver: E 40th Avenue in Kensington-Cedar Cottage and E 54th Avenue in Killarney.

Louis Nguyen is president and Tuan Nguyen is a director, per the Better Business Bureau profile; the HAVAN directory lists Tuan Nguyen as marketing and development manager. The BBB shows an A+ rating, no accreditation, and zero complaints closed in the last three years as of September 16, 2026.

Reading the two feature sheets side by side: a heat pump for heating and cooling, triple-glazed windows, Bosch appliances, Silestone counters, Dekton stone at the fireplace or television wall, custom millwork, EV charging or EV-ready parking, and a lower floor that works as a suite for a second generation.

Four lookups, all free: the BC Housing licence registry for the licence, the HAVAN member directory for membership, the CHBA BC Georgie winners lists for awards, and the disclosure statement for the warranty provider and the developer's legal name. Then ask to walk through a finished home. Costar has one open at Quintet.
Sources

Where this page's facts come from

Overview

Costar Construction at a Glance

3

Properties

17

Total Units

1

Cities

Portfolio price range: $950,000 – $1,639,000

Recognition

Awards & Certifications

2024 Georgie Award, Best Multiplex Home, for It Takes Two (CHBA BC winners list)

Listed in the HAVAN member directory

Portfolio

Costar Construction Project Gallery

Portfolio

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