TORONTO, April 17, 2025 /CNW/ - Bridgemarq Real Estate Services Inc. ("Bridgemarq" or the "Company") (TSX: BRE) today announced a cash dividend of $0.1125 per restricted voting share payable on May 30, 2025, to shareholders of record on April 30, 2025. 

About Bridgemarq Real Estate ServicesBridgemarq is a leading provider of services to residential real estate brokers and a network of approximately 21,000 REALTORS® through its franchise network and corporately owned brokerages. We operate in Canada under the Royal LePage®, Proprio Direct®, Via Capitale®, Johnston & Daniel® and Les Immeubles Mont-Tremblant brands. For more information, go to www.bridgemarq.com.

Greater regions of Toronto and Vancouver record modest price declines amid stalled activity in Q1, while values in regional markets in Quebec, the Prairies and Atlantic Canada continue to appreciate  

First quarter highlights:

The national aggregate home price rose 2.1% year over year in Q1 2025, and a modest 1.2% over Q4 2024.Greater Montreal Area's aggregate home price increased 7.9% year over year, while the greater Toronto and Vancouver markets recorded declines of 2.7% and 0.7%, respectively.Quebec City continues to lead the country in aggregate price appreciation, rising 17.0% year over year in Q1; the highest increase among the report's major regions for the fourth consecutive quarter.Amid economic and political uncertainty, confidence in the economy is split: 49% of Canadians say they are confident, while 43% are not.Quebecers are the most optimistic, with 65% of respondents reporting confidence in the Canadian economy. Those in Manitoba and Saskatchewan are the least confident (34%).

Forecast maintained for 2025: Royal LePage expects prices to rise 7%, despite uncertain economic environment

First quarter highlights:

In the first quarter of 2025, the weighted median price of a property in the province of Quebec increased 7.6% compared to the same period in 2024.All Quebec markets recorded year-over-year price gains in the first three months of the year, a trend contrary to the markets in Ontario and British Columbia.Quebec City remains at the forefront of aggregate price appreciation, which in the first quarter was up 17.0% over Q1 2024; the largest increase among the report's major regions nationally and provincially for the fourth consecutive quarter.According to a new Royal LePage survey, 65% of Quebecers say they are confident in the country's economy today, the highest proportion of any Canadian province.Approximately one in two (48%) Quebec homebuyers say they have put their purchase plans on hold due to the ongoing trade dispute with the United States.

TORONTO, April 3, 2025 /CNW/ - Bridgemarq Real Estate Services Inc. ("Bridgemarq" or the "Company") (TSX: BRE) today announced that its Chief Financial Officer, Mr. Glen McMillan, will be retiring in the third quarter of 2025.

The Company has initiated a formal search for a successor to Mr. McMillan. The Board of Directors expects to appoint a new CFO before Mr. McMillan's retirement to ensure a seamless transition.

Mr. McMillan joined Bridgmarq in 2015 and, over his tenure, he has been instrumental in guiding Bridgemarq's financial strategy and in supporting the Company's growth objectives. Mr. McMillan will continue to serve as CFO until his retirement date, working closely with the management team to ensure a smooth handover of responsibilities to his successor.

TORONTO, March 31, 2025 /CNW/ - Bridgemarq Real Estate Services Inc. ("Bridgemarq" or the "Company") (TSX: BRE), a leading provider of services to residential real estate brokers and their REALTORS®, today filed its Management Information Circular relating to the annual meeting of shareholders to be held on May 13, 2025, as well as its Annual Information Form and Annual Report for the year ended December 31, 2024, on SEDAR+. The Company has previously filed its annual financial statements for the year ended December 31, 2024, which will be presented to shareholders at Bridgemarq's upcoming annual meeting of shareholders.

Two-thirds of Royal LePage experts in Quebec expect Canada-U.S. tariff war to have a moderate impact on activity in the recreational market

Highlights:

The weighted median price of a single-family home in the province of Quebec's recreational property market rose 7.6% in 2024, compared to 2023.Waterfront property prices appreciated by 6.4% year over year, while the condominium segment of Quebec's recreational market saw price gains of 3.7%, compared to the previous year.Royal LePage expects continued price growth in 2025, forecasting that the median price of a single-family home in Quebec's recreational real estate market will increase 7.5% year over year in 2025.

National median house price forecast to increase 4.0% in Canada's recreational real estate market in 2025, as limited supply gives prices upward momentum

Highlights:

Canada's provincial recreational markets are expected to see an increase in single-family home prices in 2025, with Atlantic Canada forecast to see the highest level of price appreciation at 8.0%.The weighted median price of a single-family home in Canada's recreational property market increased 2.3% year over year in 2024 to $627,700.Nationally, the weighted median price of a single-family waterfront property decreased 3.6% year over year, while the price of a condominium remained flat, rising just 0.2%.Waterfront houses in Atlantic Canada recorded the highest provincial year-over-year price appreciation in 2024, rising 12.6%.55% of recreational property market experts across the country reported an increase in the average days on market compared to last year, despite a majority (72%) reporting similar or less inventory.

TORONTO, March 14, 2025 /CNW/ - Bridgemarq Real Estate Services Inc. ("Bridgemarq" or the "Company") (TSX: BRE) reported its annual consolidated financial results and announced a monthly dividend to holders of the Company's restricted voting shares.

HIGHLIGHTS

On March 31, 2024, the Company significantly grew its asset base through the acquisition of certain real estate brokerages from Brookfield Business Partners ("Brookfield") and internalization of its management team and settled deferred distributions owing to Brookfield for total proceeds of approximately $40.9 million.Revenue for 2024 amounted to $350.7 million, compared to the $48.5 million generated in the prior year, due to the inclusion of the operating results of the acquired businesses from April 1, 2024. The Company generated a net loss of $10.3 million or $1.09 per share in 2024, on a fully diluted basis, compared to net earnings of $4.0 million or $0.42 per share in 2023, as a result of a loss of $9.3 million on the valuation of the Exchangeable Units compared to a loss of $1.1 million in 2023.Cash provided by operating activities increased by $3.4 million in 2024, compared to the prior year, due primarily to a reduction in working capital requirements.Adjusted Net Earnings amounted to $7.3 million in 2024, compared to $12.4 million in 2023, primarily due to higher interest expenses and increased impairment and amortization of intangible assets acquired as part of the transaction, partly offset by the operating results of the acquired businesses.The Company generated $16.8 million in free cash flow in 2024, compared to $18.1 million in 2023.The Board of Directors approved a dividend to shareholders of $0.1125 per Restricted Voting Share, payable on April 30, 2025, to shareholders of record on March 31, 2025.

TORONTO, March 5, 2025 /CNW/ - Bridgemarq Real Estate Services Inc. ("Bridgemarq" or the "Company") (TSX: BRE) today announced that it will host a conference call on Friday, March 14, 2025, at 10:00 A.M. ET to discuss its fourth quarter financial results.

To access the call, please dial in or connect via webcast as shown below:

To access the call by telephone, please dial 1-888-699-1199 or 416-945-7677.To access the call online, please visit https://app.webinar.net/KD0nq2zq1ve.

Please connect approximately ten minutes prior to the beginning of the call to ensure participation. A transcript of the conference call will be available on the Company's website by Wednesday, March 19, 2025.

1 in 10 are considering downsizing, relocating to a more affordable region or renting out a portion of their home to combat higher borrowing costs

Highlights:

57% of Canadians whose mortgage is renewing in 2025 anticipate their monthly payment will increase, while 40% expect their payment will stay the same or decrease.Among those who expect their monthly payment to increase upon renewal, 81% say it will put financial strain on their household.Respondents in the province of Quebec are least likely to expect increased monthly mortgage payments and financial strain upon renewal.More Canadians are looking to sign variable-rate mortgages upon renewal, as interest rates continue to decline.As the trade conflict between the United States and Canada intensifies, more aggressive rate cuts by the Bank of Canada are possible to stave off a potential recession.