Royal LePage announces major expansion in Southern Ontario

Coldwell Banker's largest Canadian firm joins nation's leading real estate company

TORONTO, Feb. 6, 2014 /CNW/ - Royal LePage is pleased to announce the addition of Toronto-based Coldwell Banker Terrequity Realty (Terrequity) to the Royal LePage Network. Terrequity is the largest Coldwell Banker franchise in Canada, with an extensive network of nearly 400 agents, operating out of 13 offices across the Greater Toronto Area.

"I am delighted to welcome the celebrated Terrequity team to the Royal LePage family," said Phil Soper, President and CEO, Royal LePage.  "Beyond being one of Canada's largest real estate brokerages, the hundreds of professionals in the company have created a high performance culture hard-wired to deliver superior client service.  We are proud that they chose Canada's fastest growing national firm as their new home.  It is so true that success attracts success."

"Royal LePage has firmly established itself as the dominant player in Ontario's real estate market, which can only serve to assist our REALTORS® as they strive to build their businesses in an increasingly competitive industry ," said Andrew Zsolt, President, Terrequity Realty. "When compared to other brands, the Royal LePage culture was, by far, the best fit for our company. It is a full-service, full-representation network, which is how we, at Terrequity, conduct our business."

"We are also very impressed with Royal LePage's technology tools and systems, and we consider them to be some of the best in the business to help our REALTORS® remain on the cutting-edge of this ever changing industry," continued Zsolt. "We are confident that selling the Royal LePage value proposition will greatly propel the growth of our brokerage."

Royal LePage has expanded steadily over the past decade, with particularly rapid growth during the past year, expanding operations from coast to coast. Terrequity Realty Inc. becomes Royal LePage Terrequity Realty.

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 15,000 real estate professionals in more than 600 locations nationwide. Royal LePage is the only national real estate company to have its own branded charitable foundation, the Royal LePage Shelter Foundation, which is 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

For further information:

Tammy Gilmer

Director, National Communications & Public Relations

Royal LePage Real Estate Services

416-510-5783

tgilmer@royallepage.ca