Bridgemarq Real Estate Services reported strong Q1 2025 earnings, surpassing EPS forecasts despite a mixed performance in the Canadian residential real estate market. The company saw notable declines in Toronto and Vancouver but experienced growth in Quebec, reflecting the diverse nature of the market.
Real EstateBridgemarqQ1 EarningsCanadian MarketEps ForecastReal EstateMay 13, 2025
Bridgemarq Real Estate Services reported an EPS of $0.75, surpassing the projected $0.70. The company's strong financial performance was driven by growth in the Quebec market and strategic investments in emerging regions.
The Canadian real estate market showed mixed performance. Toronto and Vancouver experienced declines due to economic pressures, while Quebec demonstrated robust growth driven by economic stability and affordable housing.
The decline in Toronto and Vancouver was primarily due to stringent mortgage regulations, higher interest rates, a cooling economy, and in Vancouver's case, a high cost of living and limited housing supply.
Quebec’s real estate market grew due to economic resilience, lower interest rates, and a steady migration trend. These factors contributed to stable property values and increased transaction volumes.
Bridgemarq plans to continue its strategic investments in emerging markets, such as Quebec, and will focus on technology to enhance its service offerings and operational efficiency. The company aims to maintain its leadership position in the Canadian real estate market.
Bitcoin has had a record-breaking rally, pushing its price closer to the $90,000 mark. The surge is primarily attributed to the Trump administration's policies and market sentiment. What's next for the world's leading cryptocurrency?
Mumbai continues to lead the nation as the most expensive real estate market, with the recent acquisition of a prime sea-view apartment in Worli by Urjita Master for a staggering Rs 105 crore.
In an interview with a leading news outlet, Shiwang Suraj, the director and co-founder of Inframantra, a prominent real estate firm, discusses the current state of the housing market and the need for the Reserve Bank of India (RBI) to take proactive measu
The Kerala police have intensified their efforts against gangsters involved in real estate, soil, and gravel quarrying activities, registering 151 cases in recent raids.
Prozone Realty Limited, a leading real estate developer, has seen its stock price hit a 20% upper circuit after announcing a 26% stake acquisition through an open offer. This move has significantly boosted investor confidence in the company.
Mahindra & Mahindra has unveiled a state-of-the-art EV manufacturing and battery assembly unit at its Chakan plant near Pune, investing Rs 4,500 crore in the project.