Royal LePage invests in Western Canada

Company's owned-brokerage arm expands to British Columbia

TORONTO, Nov. 18, 2013 /CNW/ - Royal LePage today announced the acquisition of real estate companies located in Coquitlam, Port Coquitlam and Surrey. These brokerages will operate as Royal LePage West Real Estate Services, effective November 18, 2013.

All offices of the former Royal LePage Coronation Park and Royal LePage Coronation West companies will become part of Royal LePage West Real Estate Services.

"This move represents a vote of confidence in the British Columbia and Lower Mainland real estate markets," said Phil Soper, President and CEO, Royal LePage. "Our one hundred year old firm has been helping Canadians realize their property goals for generations. This investment, coupled with the commitments from our locally owned and operated Royal LePage offices, is destined to change the face of residential and commercial brokerage in the region."

Senior Vice President Gino Romanese, who leads Royal LePage's brokerage operations, noted the advantages of these additions to the corporate portfolio. "These acquisitions will significantly augment our company-owned brokerage operations, already among the largest in the nation. That this is the first time in more than a decade that Royal LePage has opened a new company-owned branch outside of the Toronto area will not be lost on the industry."

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 14,500 real estate professionals in over 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