The late Peter Wall was a Ukrainian-born Canadian businessman and philanthropist. He was a property developer in Vancouver, British Columbia, Canada, and, in the 1990s and 2000s, played a significant and beneficial role in the city’s real-estate boom.
Founded in 1969 as “Wall & Redekop Corp.”, and listed since 1973 on the Toronto Stock Exchange (TSX: WFC), Wall Financial Corporation is a publicly traded real-estate investment and development company. Wall’s early property deals, in the 1960s, were made in the suburbs of South Vancouver. In the late 1980s, when the company acquired its first major downtown site, Wall became the corporation’s majority owner with a 56% stake. By January 2008, its annual revenue was $199.5 million, with a net income of $24.5 million. At that time, the company was listed as owning and managing “980 rental residential units and 865 hotel rooms”. The company has been described as a barometer of Vancouver’s real-estate market; but Wall and his firm have also been accused of driving up land values themselves.
