VANCOUVER, B.C. – (September 24, 2019) – Macdonald Realty, one of Canada’s largest independent brokerages and a market leader in British Columbia, is pleased to announce that it has acquired Bay Realty, an award-winning brokerage specializing in the White Rock Peninsula. The acquisition further strengthens Macdonald Realty’s position as a brokerage that holds significant luxury market share and demonstrates a commitment to serving the high-end mrket.
“We are excited to have a company with the quality and history of Bay Realty join the Macdonald family,” says Dan Scarrow, President of Macdonald Realty. “We continue to be open to working with great BC companies and agents who want to take their business to the next level.”
Founded in 1978, Bay Realty has been the premier real estate brokerage in the White Rock community for nearly 40 years. With 40 licensed real estate agents, including several top teams, Bay Realty has significant luxury market share in the Fraser Valley and have been recent winners of the Highest Sales Achievement per person in the Fraser Valley 26 to 40 agent category. Louise McKnight, part-owner of Bay Realty and leader of one of the Fraser Valley’s top-selling teams, Team McKnight, believes that Macdonald was the best fit for her company and for her future business.
“We’re really excited about joining a great, local organization like Macdonald Realty,” says McKnight. “Through its affiliations with the global Leading Real Estate Companies of the World™ network, and corporate presence in Hong Kong and China, Macdonald will give our clients unparalleled market exposure moving forward.”
“Macdonald’s 75-year track record speaks for itself,” adds Geof Glazier, part owner of Bay Realty. “They’ve successfully navigated every business cycle over that time and have continued to grow, without compromising high, professional standards.”
Bay Realty agents will be joining nearly 100 of Macdonald’s own agents at their South Surrey office under Managing Broker Drew McLean. In addition, Macdonald Commercial and Macdonald Property Management have also recently expanded their Surrey offices to better service the Fraser Valley.
About Macdonald Real Estate Group:
Founded in Vancouver in 1944, Macdonald Realty (macrealty.com) has grown to become BC’s largest full-service corporately owned real estate company, with over 20 offices, 1,000+ agents and staff in the province, and nearly $10 billion in annual sales.
In addition to residential sales, Macdonald Commercial has over 40 dedicated commercial agents with a head office in Vancouver and a new Fraser Valley office in Surrey; Macdonald Property Management currently manages over $5 billion in BC properties; and Macdonald Platinum Marketing has sold over $2 billion in luxury new construction.