Toronto-based Royal LePage Real Estate Services has relaunched its commercial real estate brand to complement its residential real estate operations.
In 2005, Royal LePage's parent company, Brascan (now known as Brookfield Asset), sold its commercial real estate division to New York-based Cushman & Wakefield for $55 million. The new commercial division will have 600 locations across Canada.
‘I am convinced that the positive turn in the economic cycle will be supportive of our re-emergence into the commercial market,’ says Phil Soper, president and CEO of Royal LePage Real Estate Services. ‘We believe the time is right to capture significant market share in the under-serviced Canadian commercial brokerage industry's mid-market.’