TORONTO–(BUSINESS WIRE)–RealServus announced today that it has acquired online brokerage company Property.ca, which owns the Condos.ca and MrLoft.ca brands. These brands complement RealServus’ focus on bringing together proven brands for residential real estate and ancillary services under one roof. Each brand will benefit from improved access to capital, technology and industry expertise as they scale under the RealServus ownership banner.
Launched in 2014, Property.ca, along with its brands Condos.ca and MrLoft.ca, has quickly risen through the ranks of the real estate industry to become the leading tools for finding and analyzing all homes and condos for sale and rent in the greater area become Toronto. With more than one million registered website users and over $1 billion in sales volume last year, the brokerage firm is focused on inventing new tools, implementing innovative new technologies, and continually introducing better ways to tell consumers and their brokers about their properties to guide journey.
With the backing of investors, including a significant investment from Round13 Capital, RealServus is Canada’s leading private company focused on increasing market share in the residential real estate sector. This latest acquisition adds to a growing portfolio of trusted brands and ancillary service providers that support the industry.
“We are extremely excited to bring Property.ca and its 250+ productive agents under the RealServus umbrella because they embody the values of our company and the offering we provide,” said Ron Peddicord, President and Co-Founder of RealServus. “The technology and innovation driving each location is groundbreaking. And now, under the RealServus umbrella, we can provide the capital investments needed to drive ongoing technological innovation, and add services and expertise to help them thrive. These investments will help them become the most advanced lead generation tech brokerage in the country and expand into new market segments, including new builds.”
Property.ca and its associated brands will continue to function as Toronto’s premier property search tools.
“The residential real estate and proptech sectors have been on our radar for some time and we are very excited to partner with RealServus to build the leading platform in this space,” said Brahm Klar, Partner at Round13 Capital. “The RealServus team shares our vision of the potential of this market and has the experience to capitalize on the opportunity.”
Peddicord added, “This acquisition is an important milestone in our plan to invest in individual proptech-enabled brands in the Canadian residential real estate market.”
The transaction has been completed, terms have not been disclosed.
RealServus is Canada’s leading proptech investment and management services company. Together with its strategic technology and investment partners, RealServus acquires and transforms residential real estate brands through expertise, technology and investments to accelerate growth. RealServus brands include Real Access Capital, RealServus Brokerage Services Division, Property.ca, Condos.ca and Mr.Loft.ca.