OPP.Today - Avison Young buys Toronto property valuation company
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Avison Young buys Toronto property valuation
company
JANUARY 4TH, 2016
ADRIAN BISHOP
NEWS, NORTH AMERICA
http://www.opp.today/avison-young-buys-toronto-property-valuation-company/#U3euC1z3bpAWkBvX.97[04/01/2016 4:04:06 PM]
OPP.Today - Avison Young buys Toronto property valuation company
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Avison Young, described as the world’s fastest-growing commercial real estate services firm, has bought a leading
Toronto property appraisal company.
The company acquired Metrix Realty Group (Ontario) Inc with the aim of expanding its property valuation services
throughout the Greater Toronto Area and Canada. The terms of the acquisition have not been released.
Metrix Ontario has been rebranded as Avison Young. Metrix Ontario Founder and President, Paul Stewart, and VicePresident, Matthew McWatters, become Principals of Avison Young and 17 other staff join the company.
In December 2015, Avison Young opened a new office in Mexico City, Mexcio, and in Memphis, Tennessee, USA.
Mark E. Rose, Chair and Chief Executive Officer of Avison Young, says, “We are extremely pleased to announce the
acquisition of Metrix Ontario, which is the next step in our on-going growth in Canada.
“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.”
Metrix Ontario, which was established in 2002, offers clients a broad range of advisory services using technological
innovations and the most up-to-date financial software to compile appraisals on multi-family real estate, development
land and office, retail and industrial property.
Paul Stewart, a 31-year real estate industry veteran, is responsible for expanding Avison Young’s property appraisal
service offerings in all business classes throughout the Greater Toronto Area (GTA) and assisting with the expansion
across Canada. He will also manage Avison Young’s day-to-day appraisal operations in the GTA and collaborate with
other offices across the country.
He says, “I am excited by the opportunity to bring our team’s experience and commitment to Avison Young. 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 US, Mexico and Europe.”
Mr Rose adds, “Paul Stewart is a respected and recognized expert in his field, and he has assembled a team of
trusted professionals at Metrix Ontario. The firm’s collaborative, client-focused culture 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.”
http://www.opp.today/avison-young-buys-toronto-property-valuation-company/#U3euC1z3bpAWkBvX.97[04/01/2016 4:04:06 PM]
OPP.Today - Avison Young buys Toronto property valuation company
Also joining Avison Young from Metrix Ontario are: Kristina Armstrong, Mor Levy, Justin McWatters, Michael Parr,
Marc Smith, Nicolle Forget, Madison Cowan, Liran Tal, Graham Morrison, Jamie Padda, Zach Read, Stefan Van
Houtte, Richard Chen, Benjamin Chen and Andrea Callegari. All of the new additions will eventually be based in
Avison Young’s Toronto North office, which is being expanded to accommodate them.
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 United States, Mexico and Europe.
TAGS
AVISON YOUNG
BUY
CANADA
METRIX REALTY GROUP
MEXICO
TORONTO
US
VALUATION
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Adrian Bishop
Adrian Bishop is editor of OPP.Today and is a national award-winning editor and journalist with more than 30 years'
experience. He has held several senior editorial roles in the overseas property sector.
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http://www.opp.today/avison-young-buys-toronto-property-valuation-company/#U3euC1z3bpAWkBvX.97[04/01/2016 4:04:06 PM]