Office: 165 Pretoria Avenue, Ottawa ON. K1S 1X1
July 3, 2018
A real estate brokerage firm which has already launched in the UK, Australia and the US, is coming to Canada.
Purple Bricks has agreed to acquire the commission-free networks DuProprio and Comfree (DPCF) for C$51 million with the deal expected to close this week.
The British firm was founded in 2014 and combines technology and local real estate experts to offer what is calls the next-generation real estate brokerage.
Global CEO Michael Bruce says there are similarities between the firm and DPCF.
“DPCF has developed a strong presence in Canada by delivering a flat-fee, cost-effective, professional real estate service challenging the conventional agency market. Their model of bringing a range of service packages and support, with access to expertise from coaches to legal professionals, is proving highly attractive to the Canadian public, and has aspects in common with the Purplebricks model and ethos in the U.K., Australia and the U.S.”