"The formation of Avison Young (Canada) represents the next step in our strategy to aggressively grow both domestically and globally," says Mark Rose, CEO, in a statement. "With this merger and our strong balance sheet, we are well-placed to pursue our priorities of building our platform and expanding our services and geographic reach."

Avison Young is a real estate services company embedded in the Canadian market. The company boasts Canadian offices in Vancouver, Edmonton, Calgary, Regina, Winnipeg, Mississauga, Toronto, Ottawa, Montreal, Quebec City and Halifax. A representative of Avison Young tells GlobeSt.com, "As Avison Young has operated under one banner for a long time, they expect integration will be quick and all operating platforms consolidated within a year."

"Our partners have worked to structure the company to capitalize on the emerging Canadian and international opportunities," says Bob Levine, British Columbia, member of the board of directors, in a statement. "This agreement is the realization of the long-term goal of the existing provincial companies to form a powerful, national organization that can both better serve our clients in Canada and take our firm to a new level, globally."