Alliance is formed as Bill 141 looms in Quebec
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In a bid to further its expansion, TMG Mortgage Group has announced the formation of what it called a “strategic alliance” with Quebec real estate innovator Expert Immobilier PM.
“We are delighted to be working with this Real Estate group, whose values are particularly geared to the customer experience, where both customers and brokers are the winners of the professional relationship,” TMG Mortgage Group Quebec VP Claude Girard said.
“In addition, the team of L’Expert Immobilier is guided by a strict respect of the code of ethics of the real estate brokerage, which joins our own values in terms of conformity. Our unique business model allows flexibility and autonomy,” he added. ““They will be able to benefit from the excellent reputation of TMG at the national level. It's a natural agreement.”
Expert Immobilier PM sought the partnership as a response to the impending implementation of Bill 141 in the province, founder and president Pierre Breton stated.
“TMG’s support systems, training and technology impressed us,” Breton explained. “They have an excellent reputation in the mortgage industry, which will complement our strong position in the Quebec market.”
Read more: Montreal’s historic year points to even greater times ahead
Earlier this month, an analysis by the Canadian Real Estate Association reported that Quebec (along with the Maritimes region) will continue exhibiting “historically strong” performance for much of 2019.
“The national forecast has been revised lower … as an anticipated rebound in sales in British Columbia has so far failed to materialize, the recovery in Ontario sales this summer has now run its course and sales activity in Alberta has edged lower. These developments were partially offset by stronger-than-expected sales activity in Quebec.”
Montreal, in particular, is slated to enjoy sustained momentum this year. December data from the Quebec Federation of Real Estate Boards indicated that a total of 46,753 sales took place in the metropolitan market throughout 2018. This historic high represented 5% annual growth over 2017, as well as the 4th consecutive year of sales growth.
