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Last Updated: January 5, 2016
Avison Young Acquires Appraisal Firm
By David Phillips | International
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TORONTO, Canada—Avison Young has acquired
Toronto-based property appraisal company Metrix
Realty Group (Ontario) Inc.
Metrix founder Paul Stewart
(pictured) and VP Matthew
McWatters become principals of
Avison Young.
Mark Rose, chair and CEO, said the the purchase further
expands Avison Young’s valuation and advisory service
business-line coverage across the Greater Toronto
Area (GTA)and the rest of Canada. The change in
ownership adds 18 employees to Avison Young’s
operations. Terms of the acquisition were not disclosed.
“We are extremely pleased to announce the acquisition of
Metrix Ontario, which is the next step in our ongoing growth
in Canada,” said Rose. “This expansion of our existing
property appraisal service-line offering will give us greater capabilities to provide valuation and
advisory services to our clients on a local and national basis – something that our clients are
asking for. This acquisition is the ideal way to accomplish that goal.”
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Established in 2002, Metrix Ontario is a leader in property valuations and offers clients a broad
range of advisory services in the GTA. Metrix Ontario uses recent technological innovations and
the most up-to-date financial software to present bold, contemporary appraisal documents.
Metrix Ontario has completed appraisals on a wide range of property types, including office, retail,
industrial and multi-family real estate, as well as all types of development land. Clients have
included a diverse range of public, private and institutional investors, as well as a wide variety of
financial institutions.
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Effective immediately, Metrix Ontario is rebranded as Avison Young, and Metrix Ontario
founder and president Paul Stewart and vice-president Matthew McWatters become
principals of Avison Young.
“Paul Stewart is a respected and recognized expert in his field, and he has assembled a team of
trusted professionals at Metrix Ontario, said Rose. “The firm’s collaborative, client-focused culture
Nina J. Gruen
MS. REAL ESTATE
http://www.globest.com/news/12_1272/international/industrial/Avison-Young-Acquires-Appraisal-Firm-364775-1.html[05/01/2016 3:21:29 PM]
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Avison Young Acquires Appraisal Firm - Daily News Article - GlobeSt.com
means that Paul and his team are an ideal fit for Avison Young. By bringing the Metrix Ontario
team and its service offerings in-house, we aim to provide a seamless experience and an extra
level of convenience to our clients.”
Stewart, a 31-year real estate industry veteran, will lead the GTA valuation and advisory team. He
will be responsible for expanding Avison Young’s property appraisal service offerings in all
business classes throughout the GTA and assisting with the strategic expansion of Avison Young’s
valuation service line across Canada. In addition, Stewart will manage Avison Young’s day-to-day
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appraisal operations in the GTA and collaborate with other offices across the country.
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Also joining Avison Young from Metrix Ontario are: Kristina Armstrong, Mor Levy, Justin
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Chen, Benjamin Chen and Andrea Callegari. All of the new additions will eventually be
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based in Avison Young’s Toronto North office, which is being expanded to accommodate them.
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“With the capabilities that Paul and his team bring to the table, this strategic acquisition not only
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helps us build out our platform of appraisal services in the GTA, but will allow us to provide our
clients with the best level of service,” says Mark Fieder, Avison Young’s chief operating officer,
Canada. “We welcome Paul and the entire Metrix Ontario team to Avison Young and look forward
to collaborating with them as we continue to grow the company in ways that benefit our clients.”
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Over the past seven years, Avison Young has grown from 11 to 74 offices and from 300 to more
than 2,100 real estate professionals in Canada, the U.S., Mexico and Europe.
“I am excited by the opportunity to bring our team’s experience and commitment to Avison
Young,” said Stewart. “At Metrix Ontario, we have worked hard to assemble a team of valuation
professionals that is second to none, while maintaining a corporate culture that benefits both our
staff and our clients – a culture very similar to that of Avison Young. We couldn’t be more pleased
to be joining this Principal-led firm, and look forward to meeting and collaborating with our new
colleagues across Canada, the U.S., Mexico and Europe.”
During his career, Stewart has appraised a wide range of investment-grade commercial property in
Canada and the United States. Stewart co-founded Metrix in 2002. He has also worked for The
Altus Group, Colliers International in Toronto, and Edward F. Heberger and
Associates in Connecticut.
McWatters brings to Avison Young more than 10 years of valuation experience with a wide range
of property types, including office, retail, industrial and multi-residential properties, as well as
special-use facilities. He has worked on valuations across Canada, producing cash flows and
financial models for investment properties.
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David Phillips is a Chicago-based freelance writer and consultant with more than 20
years experience in business and community news. He also has extensive reporting
experience in the food manufacturing industry for national trade publications.
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http://www.globest.com/news/12_1272/international/industrial/Avison-Young-Acquires-Appraisal-Firm-364775-1.html[05/01/2016 3:21:29 PM]
Avison Young Acquires Appraisal Firm - Daily News Article - GlobeSt.com
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http://www.globest.com/news/12_1272/international/industrial/Avison-Young-Acquires-Appraisal-Firm-364775-1.html[05/01/2016 3:21:29 PM]