Maroc - REITREPORT.CA - A La Une - 22/Jan 05:14

$1.1B Independent Brokerage Living Realty Joins Keller Williams

Markham, Ontario-based, 550-real estate agent firm to become a KW market center MARKHAM, Ontario--(BUSINESS WIRE)--#Canada--Living Realty, Inc., a full-service real estate brokerage and subsidiary of Living Group of Companies, announces plans to affiliate with Keller Williams Realty, Inc. (KW), the world’s largest real estate franchise by agent count. “We are thrilled to welcome Living Realty to our KW family,” said William E. Soteroff, Regional Operating Principal, KW Canada and President of Keller Williams Worldwide. “Their long-standing reputation for excellence, combined with their unwavering commitment to agent success and client satisfaction, aligns perfectly with our powerful culture and mission to empower entrepreneurs to thrive.” Since Jan 1, 2023, Living Realty has sold more than $1.1 billion (US Dollars) in real estate. “Keller Williams aligns well with our business philosophy and culture,” said Ben Wong, Executive Vice President and Chief Legal Officer of Living Group of Companies. “We felt it only made sense to join forces to expand our presence and increase market share.” On March 3, 2025, Living Realty, Inc. will begin operating as KW Living Realty, a KW market center based in Markham, Ontario. The real estate firm currently has 550 agents and 35 staff members, all of whom are expected to transition to KW. Once the transition is completed, KW Living Realty will become KW's No. 1 market center in Canada based on agent count. “Not wanting to lose the culture and philosophy that has guided our organization for 45 years, we also found the synergy and similarities with Keller Williams to be very compelling, such as the focus on agent development, professionalism, and wealth building,” said Wong. David Wong has been appointed the team leader of the KW Living Realty market center, effective March 3, 2025. He previously served as the Vice President of Living Realty, overseeing the company's operations and administration. Kelvin Wong will be the operating principal of KW Living Realty. He previously has served as Living Realty's broker of record since 2016. KW Living Realty will continue to operate from its head office currently located at 8 Steelcase Rd W, Markham, Ontario, L3R 1B2, along with its additional five branch offices located strategically throughout the Greater Toronto Area. Canadian Real Estate Market Analysis “While the consensus among many is that last year’s challenging market will lead to significant price increases in the resale real estate sector this year, opportunities on the buyer side still exist,” said Kelvin Wong. “While competition for homes is back, so too is a lower mortgage environment.” “Combine more favourable rates, recent downward pressures on price, and a frustrated sellers' market, and buyers will reap the rewards,” said Kelvin Wong. “At Living, our real estate agents’ experience shows a more balanced and, more importantly, realistic housing market, which leads to greater stability, comfort, and value for today’s home buyers,” said Kelvin Wong. About Living Realty Established in 1980, Living Realty, Inc. is a comprehensive, full-service real estate brokerage in residential, commercial, industrial, and investment properties. Living Realty has a headquarters office in Markham and branch offices serving key markets in Toronto and its suburbs. About Keller Williams Austin, Texas-based Keller Williams Realty, Inc. is the world’s largest real estate franchise by agent count. It has more than 1,000 market center offices and 166,000 affiliated agents. KW franchisees are collectively No. 1 in units and sales volume in the U.S. Since 1983, the company has cultivated an agent-centric, technology-driven, and education-based culture that rewards affiliated agents. For more information, visit kwri.kw.com. Contacts Media Contact: Darryl G. Frost Director of Public Relations and Media Relations darryl.frost@kw.com / 254-466-3627 The post $1.1B Independent Brokerage Living Realty Joins Keller Williams appeared first on REIT REPORT.