Each month, REM shares brokerage expansions and conversions, leadership appointments and other key industry moves. Have an announcement to share? Email your news to editor@realestatemagazine.ca by the 26th of each month, and don’t forget to include a photo!

Expansions, mergers and conversions

Sutton Group expands in the west

Real estate company Sutton Group is expanding its reach with two new offices.

This month, Sutton announced the grand opening of Sutton Beeline Calgary and Sutton Centre Kelowna.

The establishment of the new locations was strategic, says Sutton, as both Kelowna and Calgary offer “significant market opportunities for growth.” 

Sutton Beeline in Calgary is led by managing broker Zaeena Gul, while Sutton Centre Kelowna is co-led by managing brokers Emily Coates and John Skender. 

“The opening of Sutton Beeline Calgary and Sutton Centre Kelowna represents a significant step forward for Sutton,” said Beatrice Cosentini, vice-president of Sutton’s western region.

“In a market where there is increased demand for innovative solutions, this team exemplifies the forward-thinking vision and enthusiasm required to drive meaningful change in the market.”

Royal LePage welcomes Saskatchewan brokerage

Mark Zawerucha

Royal LePage is announcing the opening of Royal LePage Success Realty, based in Yorkton, Sask. 

The brokerage will serve clients in Yorkton, as well as surrounding communities including Melville, Springside, Saltcoats, Theodore, Good Spirit Lake and beyond. 

The new brokerage is led by Mark Zawerucha, formerly an associate broker with Re/Max, who brings nearly a decade of real estate experience to his new ownership role.

“In the short term, my goal is to establish Royal LePage Success Realty as a trusted name in Yorkton and surrounding areas,” said Zawerucha. “Long term, I want to grow a strong team of professionals who share my commitment to delivering outstanding service to clients.”

Executives Property Management and Century 21 Assurance Realty Ltd. join forces

Treena Piva

Property management company Executives Property Management (Formerly Real Property Management), which services Kelowna and the B.C. Interior, has merged with Century 21 Assurance Realty Ltd.

Treena Piva and Aaron Piva of Executives Property Management will continue their leadership as managing directors of property management.

Century 21 Assurance Realty is led by managing broker Kim Davies.

“Our mission has always been to serve with integrity, lead with purpose, and create value for both investors and residents,” said Treena Piva. “Together, we’re taking that promise to the next level – continuing our commitment to redefine and elevate the expectations of property management through strategic innovation, advanced technology, and next-level service.”

Corcoran Horizon Realty opens new Hamilton office

Corcoran Horizon Realty is deepening its roots in Ontario with the opening of its newest office in Hamilton. 

Heading up the office as broker/managing partner is Martinus Geleynse, who brings over 16 years of experience in real estate, marketing and community development to the role, according to a company statement. 

“Our new Hamilton office reflects our belief in the city’s resilience, diversity and unmatched character,” said Cliff Rego, CEO and broker of record for Corcoran Horizon. “Hamilton is a place of reinvention and grit, where heritage meets innovation. We’re proud to establish a presence in a city that’s not only steeped in history but also driving forward with creativity, entrepreneurship, and community spirit.”

Corcoran is already established in the markets of Kitchener, Cambridge, Port Severn and Toronto.

Odyssey Retail Advisors expands to Canada

Odyssey Retail Advisors, a premier real estate advisory firm, is expanding into the Canadian retail market with a footprint in Toronto.

Headquartered in New York, with offices in Miami, Chicago and Los Angeles, the firm advises luxury and contemporary retailers in expanding their presence worldwide and guides developers in creating upscale shopping destinations.

Joining Odyssey as part of the Canadian expansion are Casdin Parr, David Bishop and Ryan McCarthy as executive vice presidents, along with Lesia Czech as director.

Together, they bring decades of experience advising national and international retailers across the Canadian retail landscape, says a company statement.

“This is a pivotal step in Odyssey’s continued evolution as a global advisory platform,” said Rich Johnson, principal at Odyssey Retail Advisors.

“Casdin, David and Ryan are widely respected for their deep client relationships, market expertise, and strategic thinking. Their presence enhances our ability to support clients in one of the most important luxury markets in North
America.”

Important milestones

New HQ for Berkshire Hathaway HomeServices Québec

Berkshire Hathaway HomeServices Québec is celebrating the grand opening of its new headquarters in Montreal.

Located minutes from Royalmount, dubbed the largest private development underway in the province, the move marks a step forward for the brokerage, which established itself in Québec in 2020.

The 2,000-square-foot space, located in suite 290 of 5929 Trans-Canada Highway, is designed to have the look and feel of a penthouse condominium, rather than an office, according to a company statement.

The brokerage is led by founder and CEO Sacha Brosseau, who is planning to expand across the province. 

“We will grow with the right people, at the right pace,” he said in a statement. “We’ve witnessed what happens when large corporations prioritize spreadsheets over their brokers, and we are building a different kind of company—one where growth serves to strengthen and support every member of our organization.”

Engel & Völkers Ottawa signs up for another decade

Engel & Völkers Ottawa recently announced the renewal of its franchise agreement, marking a decade in Ottawa’s high-end real estate market and committing to another 10 years under license partners John King and Larry Mohr. 

Since 2016, Engel & Völkers Ottawa has expanded to four shops across the metropolitan region. 

The brokerage has become a major player in Ottawa’s luxury segment, representing 12 per cent of all properties sold over $1 million and a commanding six per cent of the overall market share, according to a company statement.

Their 150 advisors make up three per cent of the local real estate board. 

The post The Real Deal: Industry highlights for October 2025 appeared first on REM.

John King, license partner and broker at Engel & Völkers Ottawa, coined the term “microbursts” to describe these pockets of intense activity in the city’s most desirable areas, like Westboro, the Glebe, Old Ottawa South, Golden Triangle, Wellington Village, and Highland Park, among others.  

“If a home is priced right, you can still see multiple offers,” King said. “It’s really location and price-sensitive.”

Luxury market trending up

According to Engel & Völkers’ 2025 mid-year Canadian Luxury Real Estate Market Report, properties priced between $1 million and $1.99 million accounted for 10.8 per cent of all real estate transactions in Ottawa in the first half of the year, up from 8.6 per cent in the same period last year. 

As of the end of June, total residential and condo sales in the $1 million-plus segment were up 31.2 per cent year-over- year, underscoring Ottawa’s role as one of Canada’s most “resilient luxury markets amid broader national volatility,” reads the report.

Still, notes Engel & Völkers, buyers remained somewhat cautious. 

“Unlike the bidding wars of recent years, 2025 saw extended decision timelines and increased scrutiny of floor plans, renovation needs and neighbourhood trends,” reads the report.

Ottawa Real Estate Board backs up the case for a strong luxury market, with homes over $1 million up 31 per cent in the first half of 2025 compared to the same period last year. Those homes represent 11 per cent of all Ottawa sales, up from nine per cent a year earlier. However, inventory has risen 60 per cent, meaning “there is a lot more competition for luxury buyers than ever before,” King said.

‘Sellers can still call the shots’

Robert Hogue, assistant chief economist at RBC, says Ottawa’s steadiness comes from a tighter balance between supply and demand than in other major Canadian centres. “It has seen an increase in supply, but nowhere as much as markets like Toronto or even Vancouver,” he said. “Sellers can still call the shots … that’s why we’re seeing prices remaining relatively resilient in Ottawa compared to other markets.”

While inventory has risen, Hogue described the shift as a market correction after the extremely tight conditions of the past few years. He linked it to the sharp interest rate hikes between 2022 and 2024, which slowed demand and lengthened selling times. “This has been starting to reverse since the Bank of Canada’s cut rates, but not entirely.”

The broader economy is also a factor, he said. “Ottawa has been a bit more … resilient in its labour market, but it’s softened as well,” Hogue said. Consumer confidence, he added, has been challenged by a slower Canadian economy and the trade dispute with the U.S.

What’s in store for the rest of the year?

Looking ahead to the second half of 2025, King said he expects “more of the same” with strong competition in desirable neighbourhoods, increased bargaining power for buyers, and an emphasis on correct pricing. “You’ve got to be priced right, you’ve got to be marketed properly, and you’ve got to be well represented to get the people in there,” he said.

Samantha Long

Samantha Long is a contributing writer for REM. Based in Atlantic Canada, she has over a decade of experience covering business and politics across digital, print and broadcast media.

The post ‘Micro-bursts’ of intense demand popping up in Ottawa’s luxury market appeared first on REM.

Winter joined Engel & Völkers in 2018. With more than three decades in Calgary’s business community, she previously held executive roles in the oil and gas and legal sectors. Her team will support buyers and sellers in Calgary as well as across Southern and Central Alberta.

There are 14 team members, with one private office advisor.

“Alberta is a market of opportunity and Engel & Völkers Calgary is strategically positioning itself to continue to meet such demand,” said Stuart Siegel, president and CEO of Engel & Völkers Americas. “Chynna’s expertise in real estate and her dedication to positioning Engel & Völkers as the premier choice for buyers and sellers in Calgary will greatly benefit consumers locally and in surrounding areas.”

Winter emphasized the company’s global network and team-based approach. 

“Engel & Völkers’ global network, strategic marketing and exceptional level of service are unmatched in Alberta,” said Winter. “I am also blessed to have an amazing team of talented real estate advisors working with me, and they are always finding new ways to raise the bar for our clients.”

The launch comes as Calgary’s housing market shifts from record highs to more balanced conditions. Population growth is expected to sustain long-term demand, while the city’s economy remains diverse with energy, technology, and finance as key sectors, plus a robust cultural scene that supports a healthy tourism industry, said Engel & Völkers.

The post Engel & Völkers opens Calgary office appeared first on REM.

“As a luxury brokerage company, we are delighted to provide this kind of service to our clients who are looking to sell or buy exclusive real estate all around the world,” says Constantin von Dalwigk, global head of Private Office Engel & Völkers. “Delivering this sophisticated, tailor-made platform is key for us to cultivate long-term client relationships and continue to bestow the best service our company is known for.”

The portal serves Engel & Völkers’ high net worth clients globally. By registering and logging-in, users will be able to search “the most extraordinary exclusive real estate listings in the Engel & Völkers portfolio, some of which are not available on the public market and thus are invitation only,” says the company in a news release. “They will also have access to advisors who are experts in luxury real estate and whose daily business involves working with particularly discerning clients, placing utmost discretion first in their service approach.”

The portal will also provide users with up-to-date market reports and information, the company says.

“Through the Private Office Web Portal we provide our advisors with new digital opportunities to market even their confidential properties more efficiently,” says Stuart Siegel, head of Private Office in the Americas. “We can offer our clients a special added service thanks to the comprehensive way in which properties are showcased.”

Engel and Völkers Private Office is an internationally operating premium property advisory founded in 2007. It has 210 advisors globally and “provides discreet access to premium real estate in the world’s most sought-after locations, including opportunities that cannot be marketed publicly,” the company says.

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