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Engel & Völkers expands into Canada’s real estate market

Thursday, February 5th, 2015 at 3:45pm Engel Völkers

 

• Engel & Völkers is now operating in 39 countries spanning five continents

• Residential property shops in Toronto, King City, Calgary and Victoria

The Engel & Völkers Group has pushed its North American expansion ahead with entry into the Canadian market. This is the 39th country in which the global company, which is specialised in the brokerage of premium residential property, commercial real estate and yachts, is now operational. Engel & Völkers is currently present in Canada with four property shops in Toronto, King City, Calgary and Victoria.

Canada is yet another strategically key market for the Group. Its stable national economy, secure financial system and superb links with international airports make it an attractive property market for domestic and foreign buyers alike. Strong investment interest from abroad is centred around the USA, Europe, the Middle East and Asia. “We’re delighted that our services are now on offer in Canada too, and that our international network can enjoy access to the Canadian real estate market,” said Sven Odia, Co-CEO of Engel & Völkers AG.

The Engel & Völkers residential property shops in Canada each were opened in selected locations. One is located in the centre of Toronto, with another in the small town of King City north of Toronto. Its status as an international centre of finance and culture makes Toronto a worldclass city. Its popularity is also owed to the city being so close to the Great Lakes. The King City area is home to a number of international private schools. Domestic and international interest from buyers tends to focus in the Greater Toronto Area on traditional townhouses and apartments, as well as high-end country homes and equestrian properties. Calgary, with its oil and gas industries and other business sectors, draws large numbers of highly skilled professionals from around Canada and the world. This boosts spending power and demand for real estate in the upper market segment. Victoria on Vancouver Island on the west coast is a particular magnet for international buyers looking to buy second homes or holiday residences. “We are currently developing additional markets in Canada and looking forward to even more brokerages in 2015,” said Richard Brinkley, Senior Vice President Market Development for Engel & Völkers Canada.

Engel & Völkers entered the US market in 2007 and the brand has been expanding there ever since. Just some of the Engel & Völkers shops that opened in 2014 include those in New York City, Las Vegas, Atlanta, Dallas and Beverly Hills.

Captions (Source: Engel & Völkers)

1. Located in the Caledon Hills, 40 minutes’ drive northwest of Toronto, this luxury country house is up for sale through Engel & Völkers. The interior spans some 465 square metres with twelve rooms. It is on the market for an asking price of approx. 2.6 million euros.

2. Nestled in beautiful natural scenery between Calgary and the Rocky Mountains, this large and historic property spans approx. 465 square metres overall. The family of Henry Ford once resided here in this prestigious and luxurious home, which sits on a vast land plot of some 100 hectares. It is on sale for the equivalent of approx. 25.4 million euros.

For further information please contact: ENGEL & VÖLKERS AG Princess Bettina Wittgenstein Head of Global Corporate Communication Stadthausbrücke 5 20355 Hamburg Germany Phone: +49 40-36 13 11 20 Fax: +49 40-36 13 12 35 Bettina.Wittgenstein@engelvoelkers.com

About Engel & Völkers

Engel & Völkers is one of the world’s leading service companies specialised in the sale and rental of premium residential property, commercial real estate and yachts. With its licence system, Engel & Völkers is the only Germany-based firm to rank amongst the top 100 franchise companies in the world.* Around 550 residential property shops specialised in high-class real estate and 65 commercial offices brokering office, retail and industrial space, investment properties, multi-purpose apartment and office blocks and property portfolios offer both private and institutional clients a professionally tailored range of services. Leasing, sales, consultancy and valuations form the core competences of the staff of around 5,500 employees. The Company is currently operating in 38 countries on five continents. Intensive training schemes in its in-house real estate Academy and the high level of quality assurance governing its systematically structured service provision are key factors that account for the Company’s success. In 2014, Engel & Völkers was named “Top National Employer” by the German news magazine “Focus”. In the same year, the company achieved the top position in the broker ranking lists published by both the German Customer Institute (DKI) and the financial magazine “Euro am Sonntag”. Moreover, Engel & Völkers is the winner in the category “Best Company Brand” at the “Marken Awards der Immobilienbranche” (“Property Industry Brand Awards”) hosted by the ImmobilienScout24. www.engelvoelkers.com

* Source: Franchise Direct “Top 100 Global Franchises Ranking 2011”

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