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.
