Two very familiar players in the local real estate market, Royal LePage Northern Advantage and Real Estate Stop, have just announced a merger after several months of negotiations. The Real Estate Stop will become part of Royal LePage Northern Advantage on April 1st, 2016.
Carl Thomas, the current broker of record at Royal LePage Northern Advantage, will continue in his role with the brokerage. Royal LePage was founded in 1913 and has 600 offices and approximately 14,000 realtors across Canada.
Danny Alessandrini, the current broker of record at The Real Estate Stop, will become a broker with the merged firm while also continuing as owner and operator of Mortgage Centre Canada. The Real Estate Stop was founded back in 1980.
The merger is a mutually beneficial fit with The Real Estate Stop taking advantage of the expanded National exposure offered by the Royal LePage banner and Royal LePage gaining access to The Mortgage Centre which offers borrowing options from Canadian lenders.
No jobs are expected to be lost as a result of the merger. Royal Lepage Northern Advantage will have offices at 390 Bay Street in the Elgin Tower as well as the existing Real Estate Stop location at 2 Queen Street West. The Mortgage Centre will also continue to operate from its current location at 2 Queen Street West.
Royal LePage Northern Advantage locations in both Blind River and Elliot lake will continue to operate under the same banner.
The entire team at Superior Media/SaultOnline would like to congratulate both firms on this very exciting announcement!