{"id":12982,"date":"2018-07-05T15:02:38","date_gmt":"2018-07-05T03:02:38","guid":{"rendered":"http:\/\/propertynoise.co.nz\/au\/?p=12982"},"modified":"2018-07-05T15:02:38","modified_gmt":"2018-07-05T03:02:38","slug":"international-purplebricks-acquire-canadian-digital-real-estate-service","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/international-purplebricks-acquire-canadian-digital-real-estate-service\/","title":{"rendered":"INTERNATIONAL: PURPLEBRICKS ACQUIRE CANADIAN DIGITAL REAL ESTATE SERVICE"},"content":{"rendered":"

 <\/p>\n

PHOTO:\u00a0Purplebricks<\/strong><\/p>\n

Purplebricks Group plc has announced that it has agreed terms to acquire the Canadian digital real estate service DuProprio\/ComFree (DPCF) for \u00a329.3 million.<\/p>\n

DPCF owns and operates one of Canada\u2019s leading commission-free real estate service networks as an online offering with similar aspects to Purplebricks.<\/p>\n

The management team of DPCF has built up a profitable 20.2% market share of the real estate market in the province of Qu\u00e9bec, 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).<\/p>\n

DPCF reported approximately 39,000 listings in 2017, reporting total revenues of CAN$45.6 million, approximately \u00a326.2 million.<\/p>\n

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READ MORE VIA BUSINESS INSIDER<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

  PHOTO:\u00a0Purplebricks Purplebricks Group plc has announced that it hasRead More →<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":12983,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478099858,478099860,478099859,478099862,478098513,478098579,478098510,478098514,478099365,478099857,478099861,478098511,478098705,478098533,478098509,478099863],"class_list":["entry","author-data123nz","post-12982","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-canadian-digital-real-estate-service","tag-commission-free-real-estate-service","tag-duproprio-comfree","tag-ontario","tag-property","tag-property-market","tag-property-news","tag-propertynoise","tag-purplebricks","tag-purplebricks-group","tag-quebec","tag-real-estate","tag-real-estate-agency","tag-real-estate-agent","tag-real-estate-news","tag-western-canada"],"yoast_head":"\nINTERNATIONAL: PURPLEBRICKS ACQUIRE CANADIAN DIGITAL REAL ESTATE SERVICE - 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