Avison Young has acquired its affiliate in Southern Ontario, adding four principals and 15 staff members to its growing global operation.
The Ontario Commercial Real Estate Services Inc. business is now known as Avison Young Commercial Real Estate (Southwestern Ontario) Inc. and will continue to be led by Ted Davis as managing director of AY’s operations in the region.
"We are excited to officially join the Avison Young team," says Davis. "Our professionals in the Southwestern Ontarioregion have had the ability to provide our clients with the level of service they expect since 2010 under the Avison Young brand. This strategic move will allow access to further opportunities for our team and clients. We look forward to growing our operations in the Southwestern Ontario market through the support and momentum provided by Avison Young's ongoing success."
Davis becomes a principal of the firm along with Ryan Wilkinson, Nick Boertien and John Bar.
"This purchase formalizes the longstanding and strong working relationship that Avison Young has had with the talented team from our Southwestern Ontario affiliate since 2010," said AY’s chair and CEO Mark E. Rose. "Furthermore, the purchase strengthens our presence in this key market and enhances Avison Young's service offerings in Ontario through closer alignment and synergies between Southwestern Ontario and the firm's other Ontario offices."
Strong provincial presence
Avison Young has six offices in its Ontario region. Avison & Associates was founded in Toronto in 1989 and subsequently became Avison Young in 1996. The firm has since opened Ontario-based offices in Toronto West (1997), Ottawa (2007), Toronto North (2009) and Southwestern Ontario (as an affiliate in 2010), as well as a property management office in downtown Toronto in 2008.
More market update: