Move makes it the largest real estate company on Vancouver
Island
TORONTO, July 22, 2015 /CNW/ - Royal LePage Real
Estate Services (Royal LePage) has announced the acquisition of the
Coast Realty Group brokerage and property management business which
will operate under the Royal LePage banner, effective
immediately.
"I am thrilled to welcome the more than 150 highly regarded
professionals at Coast Realty to the Royal LePage family," said
Phil Soper, President and CEO, Royal
LePage. "This important acquisition is consistent with our
goal to give Canadians everywhere access to the superior service
that only comes from working with one of our uniquely trained and
equipped Realtors®."
"We have made growth in the all-important British Columbia market a strategic priority
and the focus has paid huge dividends. In the last year
alone, Royal LePage has experienced incredible momentum across the
province, adding 600 Realtors® through acquisition. We are
both the oldest and the fastest growing national real estate
business in British Columbia and
in Canada," Soper continued.
Established in 1984, Coast Realty Group is a large, independent
real estate company operating out of nine offices on Vancouver
Island and one office on the mainland in Powell River, British Columbia.
Details of the acquisition are as follows:
- Barry Clark and Travis Carmichael, broker owners of Royal LePage
Nanaimo Realty have acquired, and will merge their brokerage
with, Coast Realty Group offices in Nanaimo and Ladysmith and on Gabriola Island. The merged brokerage will
operate as Royal LePage Nanaimo Realty. Combined, the brokerage has
the largest market share in Ladysmith and on Gabriola Island and has almost tripled its
market share in Nanaimo, based on
units sold.
- Clinton Miller, broker owner of
Royal LePage Port Alberni-Pacific Rim Realty has acquired the Coast
Realty Group offices in Port
Alberni and Ucluelet. The Port Alberni office will merge with Miller's
brokerage in Port Alberni, and the
Ucluelet office will be a branch
office of that location. Both offices will operate as Royal
LePage Port Alberni-Pacific Rim Realty. Combined, the brokerage has
the largest market share in both Port
Alberni and Ucluelet, based
on units sold.
- Clinton Miller, broker owner of
Royal LePage Parksville-Qualicum Beach Realty has acquired the
Coast Realty Group offices in Parksville and Qualicum Beach. The
merged brokerage will operate as Royal LePage Parksville-Qualicum
Beach Realty. Combined, the brokerage has the largest market share
in both Parksville and
Qualicum Beach, based on units
sold.
- Gregg Hart, broker owner of
Royal LePage in the Comox Valley,
has acquired, and will merge his brokerage in Courtenay with the Coast Realty Group office
in Courtenay. He has also acquired
Coast Realty Group's offices in Hornby, Denman
Island, Cumberland and
Union Bay, and will operate them
as satellite offices of the Courtenay location. The merged brokerage
will operate as Royal LePage in the Comox Valley. Combined,
the brokerage has 38 per cent market share in Courtenay, and 80 per cent market share in the
areas served by the satellite offices, based on units sold.
- Stephen Grant, broker owner of
Royal LePage Advance Realty, has acquired, and will merge his
existing brokerage with his office in Campbell River. The
merged brokerage will operate as Royal LePage Advance Realty.
Combined, the brokerage has the largest market share in
Campbell River, based on units
sold.
- The Coast Realty Group office in Powell River will be converting to Royal
LePage in the next 30 to 60 days.
"Attracting the best real estate professionals to better serve
our consumer clients is vital to sustaining our leadership position
as Canada's Real Estate
Company. With this acquisition, Royal LePage extends
our lead as the largest brokerage firm on Vancouver Island,"
concluded Soper.
About Royal LePage
Serving Canadians since 1913, Royal
LePage is the country's leading provider of services to real estate
brokerages, with a network of over 16,000 real estate professionals
in more than 600 locations nationwide. Royal LePage is the only
Canadian real estate company to have its own charitable foundation,
the Royal LePage Shelter Foundation, dedicated to supporting
women's and children's shelters and educational programs aimed at
ending domestic violence. Royal LePage is a Brookfield Real Estate
Services Inc. company, a TSX-listed corporation trading under the
symbol TSX:BRE.
For more information, visit www.royallepage.ca.
SOURCE Royal LePage Real Estate Services