Avison Young has acquired Toronto-based property appraisal company Metrix Realty Group. The change in ownership adds 18 employees to Avison Young’s operations. Terms of the acquisition were not disclosed.
Established in 2002, Metrix Ontario “is a leader in property valuations and offers clients a broad range of advisory services in the GTA,” the company says in a news release. “Metrix Ontario uses recent technological innovations and the most up-to-date financial software to present bold, contemporary appraisal documents,” it says.
The firm has been rebranded as Avison Young and Metrix Ontario founder and president Paul Stewart and vice-president Matthew McWatters are now principals of Avison Young.
Stewart, a 31-year real estate industry veteran, will lead the GTA valuation and advisory team. He will be responsible for expanding Avison Young’s property appraisal service offerings in all business classes throughout the GTA and assisting with the strategic expansion of the company’s valuation service line across Canada. He will also manage the day-to-day appraisal operations in the GTA and collaborate with other offices across the country.
Also joining Avison Young from Metrix Ontario are: Kristina Armstrong, Mor Levy, Justin McWatters, Michael Parr, Marc Smith, Nicolle Forget, Madison Cowan, Liran Tal, Graham Morrison, Jamie Padda, Zach Read, Stefan Van Houtte, Richard Chen, Benjamin Chen and Andrea Callegari. All of the new additions will eventually be based in Avison Young’s Toronto North office, which is being expanded to accommodate them.
