sc13g
 



UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549


SCHEDULE 13G
Under the Securities Exchange Act of 1934

(Amendment No.      )*

Brookfield Homes Corporation


(Name of Issuer)

Common Shares, par value $0.01 per share


(Title of Class of Securities)

112723 10 1


(CUSIP Number)

Initial Report


(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

o     Rule 13d-1(b)
o     Rule 13d-1(c)
x     Rule 13d-1(d)


*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).



 


 

     
CUSIP No. 112723 10 1   Page 2 of 6 Pages

  1 NAMES OF REPORTING PERSONS/
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
Brascan Corporation


  2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)   (a) o
        (b) x — Joint filing


  3 SEC USE ONLY

 


  4 CITIZENSHIP OR PLACE OF ORGANIZATION
 
Ontario, Canada


NUMBER OF   5   SOLE VOTING POWER   16,013,602
             
SHARES      
    6   SHARED VOTING POWER   0
BENEFICIALLY            
       
OWNED BY EACH   7   SOLE DISPOSITIVE POWER   16,013,602
             
REPORTING      
    8   SHARED DISPOSITIVE POWER   0
PERSON WITH            
             

  9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
16,013,602


  10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
         
    Not applicable   o


  11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
 
49.9%


  12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
CO, HC


 


 

     
CUSIP No. 112723 10 1   Page 3 of 6 Pages

  1 NAMES OF REPORTING PERSONS/
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
EdperPartners Limited


  2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)   (a) o
        (b) x — Joint filing


  3 SEC USE ONLY

 


  4 CITIZENSHIP OR PLACE OF ORGANIZATION
 
Ontario, Canada


NUMBER OF   5   SOLE VOTING POWER   16,013,602
             
SHARES      
    6   SHARED VOTING POWER   0
BENEFICIALLY            
       
OWNED BY EACH   7   SOLE DISPOSITIVE POWER   16,013,602
             
REPORTING      
    8   SHARED DISPOSITIVE POWER   0
PERSON WITH            
             

  9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
16,013,602


  10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
         
    Not applicable   o


  11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
 
49.9%


  12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
CO, HC


 


 

         
CUSIP No. 112723 10 1   13G   Page 4 of 6 Pages

     
Item 1(a).   Name of Issuer
 
    Brookfield Homes Corporation
 
Item 1(b).   Address of Issuer’s Principal Executive Offices
 
    12865 Pointe Del Mar
Suite 200
Del Mar, California
92014
 
Item 2(a).   Name of Person Filing
 
    Brascan Corporation
EdperPartners Limited
 
Item 2(b).   Address of Principal Business Office or, if none, Residence
 
    BCE Place, 181 Bay Street
Suite 4400, P.O. Box 762
Toronto, Ontario
M5J 2T3
 
Item 2(c).   Citizenship
 
    See item 4 of cover pages
 
Item 2(d).   Title of Class of Securities
 
    Common Shares, par value $0.01 per share
 
Item 2(e).   CUSIP Number
 
    Common Shares: 112723 10 1
 
Item 3.   Not applicable
 
Item 4.   Ownership
       
  (a)   Amount Beneficially Owned:
 
      See item 9 of cover pages. Brascan beneficially owns the Common Shares directly. Brascan’s major shareholder is Edper. Edper beneficially owns the Common Shares indirectly through Brascan.
 
  (b)   Percent of Class:
 
      See item 11 of cover pages

 


 

         
CUSIP No. 112723 10 1   13G   Page 5 of 6 Pages

           
  (c)   Number of shares as to which such person has:
 
      (i)   sole power to vote or to direct the vote:
 
          See item 5 of cover pages
 
      (ii)   shared power to vote or to direct the vote:
 
          See item 6 of cover pages
 
      (iii)   sole power to dispose or to direct the disposition of:
 
          See item 7 of cover pages
 
      (iv)   shared power to dispose or to direct the disposition of:
 
          See item 8 of cover pages
     
Item 5.   Ownership of Five Percent or Less of a Class
 
    Not applicable
 
Item 6.   Ownership of More than Five Percent on Behalf of Another Person
 
    Not applicable
 
Item 7.   Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company
 
    Not applicable
 
Item 8.   Identification and Classification of Members of the Group
 
    Not applicable
 
Item 9.   Notice of Dissolution of Group
 
    Not applicable
 
Item 10.   Certifications
 
    Not applicable


 

         
CUSIP No. 112723 10 1   13G   Page 6 of 6 Pages

SIGNATURE

     After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct as of February 3, 2003.

     
  BRASCAN CORPORATION
 
  By: /s/ Alan V. Dean

Name:  Alan V. Dean
Title:    Senior Vice President,
             Corporate Affairs and Secretary
 
  EDPERPARTNERS LIMITED
 
  By: /s/ Brian D. Lawson

Name:  Brian D. Lawson
Title:    President and Secretary