CORRECTED-Canada's Bridgemarq Real Estate Services Q4 revenue falls as affordability pressures weigh on demand

Overview

• Canada real estate services firm's Q4 revenue fell yr/yr, net earnings turned positive

• Posts Q4 Adjusted net loss

• During qtr, co extended credit facilities maturity to Dec 2031

Outlook

• Company says persistent consumer uncertainty is dampening overall demand in Canadian housing markets

• Company notes affordability challenges persist in Toronto and Vancouver despite lower interest rates and increased inventory

• Bridgemarq says market activity remains mixed across Canada, with fundamentals described as strong but demand subdued

Result Drivers

• AGENT NETWORK GROWTH - Co said annual revenue growth was driven by acquisitions, fee increases, and a larger network of real estate professionals

• HIGHER COMMISSIONS AND EXPENSES - Co attributed negative adjusted net earnings for 2025 to higher commissions, operating expenses, and income tax expense, partly offset by higher revenues

• WEAK MARKET CONDITIONS - Co said Canadian residential real estate market saw lower transaction volumes and prices, with low consumer confidence weighing on demand

Company press release: ID:nCNWFgwvza

Key Details

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