Finance

Purplebricks enters Canadian market with £29m agency acquisition

By 2018-07-02T07:28:00

Michael bruce sold sign purplebricks

Purplebricks has broken into the Canadian home sales market with the acquisition of fixed-fee estate agency DuProprio/ComFree (DCPF) for £29.3m.

The acquisition is of DCPF, which listed around 39,000 properties for sale in 2017, has a 20.2% market share in the Canadian province of Québec, and has more recently launched into new territories, securing a 2.0% market share in Ontario and 2.3% in Western Canada (Manitoba, Saskatchewan and Alberta).

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