After half a century of working solely in the U. S., the American real estate company Corcoran Group is finally opening its first franchise in Canada.
Started by well-known entrepreneur Barbara Corcoran, the company’s debut Canadian location will operate out of two offices – one in Kitchener and another in Cambridge – serving clients throughout the Greater Toronto Area. The franchise will be owned and managed by Cliff Rego, whose firm Rego Realty is now rebranded as Corcoran Horizon Realty.
“Toronto is a dynamic city and a world leader in business, finance, and culture – I can’t think of a better market for Corcoran’s entry into Canada,” said Corcoran Group President and CEO Pamela Liebman. “Cliff and his incredible organization are ideal partners as we continue our global expansion and I’m eager to unveil all that Corcoran has to offer consumers and real estate professionals across Ontario.”
Corcoran Horizon Realty currently includes more than 55 agents and support staff, who will keep working from the old Rego Realty offices.
“Since our founding, we’ve aimed to enhance the real estate experience for our valued clients, our talented agents, and our dedicated industry peers,” Rego said. “Having partnered with Corcoran, all of our efforts toward these goals will be amplified, benefiting from a world-class brand and robust international network, ensuring the best possible opportunities for our company’s continued success.”
The Corcoran Group started its affiliate network back in February 2020. Since then franchises have popped up everywhere from New Jersey to Tennessee to places like the Cayman Islands and Turks and Caicos. Now with over 120 offices worldwide, this move into Canada fits right into their plan for growing globally.
In an official statement, Corcoran Group mentioned Ontario as “an attractive locale for both domestic and international consumers.”
“Toronto, the provincial capital and Canada’s largest city, stands as a global economic and cultural hub in the south, while Ottawa, the nation’s capital city and political center, lies at the northeast of the province,” the release reads. “Additionally, the Waterloo region just outside of Toronto has emerged as a global technology hub, renowned for innovative production in the visual display, software, satellite, and e Learning industries, building upon the area’s in-demand real estate market.”
