Industry News

Coldwell Banker buys Canadian franchisor

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Coldwell Banker Real Estate Corp. has acquired one of its North American master franchisors, Coldwell Banker Canada, in a move that expands the company's network in Canada and aims to help affiliated Canadian brokers work cross-border business leads and opportunities. Terms of the agreement were not disclosed, according to the recent announcement. Coldwell Banker Canada was founded in 1993 and previously held the right to franchise the Coldwell Banker brand in Canada. There are currently more than 135 independently owned and operated Coldwell Banker Canada affiliated companies with 245 offices and 3,900 sales associates in nine of the 10 Canadian provinces and also in the Yukon and Northwest Territories. The current executive team will remain intact in its existing headquarters in Burlington, Ontario. Gary Hockey will remain as president and Ron Hunter will continue to serve as COO of Coldwell Banker Canada. Both executives will report directly to Sherry Chris, chief op...