Canada
People & Companies News for Week Ending October 4, 2024
- John Nicola, founder and CEO of Nicola Wealth, will leave the top executive post by year-end 2025. He will assume the role of executive chair of the board. Over the past three decades, the Vancouver-based company has grown from $80 million in assets under management to about $16 billion in AUM today. The company has a large commercial real estate arm, Nicola Wealth Real Estate. Christopher Nicola has assumed the role of president and will become CEO in January 2026. Meanwhile, David Sung has been named executive vice-chair of the board and president of the company’s institutional business. Bijal Patel is transitioning to chief investment officer, and Vanessa Flockton has been appointed president of the company’s private-wealth business. Jamie Duncan, credited with instrumental in Nicola Wealth’s operational success for decades, will transition out of her role as chief operating officer over the next year. She will shift her focus to expand the firm’s philanthropy platform while remaining a member of its board.
- Egis has appointed Greg Northcott as CEO in Canada and Terry Lefebvre as CFO for North America. Northcott joined Edmonton-based Egis from infrastructure construction firm MasTec Canada, where he served as executive vice-president. He has also held executive, managerial and analyst positions with WSP in Canada, AECOM, Earth Tech and GE. Lefebvre moved to Egis after working briefly as an interim/fraction CFO with CTL Consulting. He has also served as a senior advisor for CTL. His other employers have included SNC-Lavalin, now known as AtkinsRéalis, where he spent 18 years in a number of finance-related roles rose to CFO of the Montreal-based firm’s infrastructure engineering arm. Headquartered in Francis, Egis is an international leader in architecture, consulting, construction engineering, and mobility services. The company operates in 100 countries and employs 19,500 people.
- The Toronto Regional Real Estate Board (TRREB) has appointed Kevin Crigger as its new associate CEO. In addition to filling this role, Crigger will serve as president of PropTx Innovations Inc., a TRREB subsidiary offering multiple-listing and technology services to real estate boards and associations. TRREB said his appointment marks a significant step toward innovation and transformation within the real estate sector. Working alongside TRREB CEO John DiMichele, Crigger will help drive the strategic direction of both TRREB and PropTx.His responsibilities will include fostering partnerships, enhancing collaboration with stakeholders, and ensuring the organizations remain at the forefront of industry advancements, said TRREB. This dual role reflects a commitment to modernizing the real estate industry and supporting its evolution, the board added. Prior to joining TRREB, Crigger was an active realtor in Toronto for more than a decade, earning multiple awards tied to his experience in both resale and new development sales. Crigger previously served as the president of both TRREB, and the Ontario Realtors Care Foundation (ORCF), as well as chair of PropTx. His contributions have helped shape PropTx’s initiatives since its founding, said TRREB. Crigger has also served on numerous committees and task forces at the Ontario Real Estate Association (OREA) and the Canadian Real Estate Association (CREA), as well as TRREB, ORCF, and the Real Estate Council of Ontario (RECO.)
- The Canadian Real Estate Association (CREA) has launched the Canadian Realtors Award 2025, presented to recognize realtors across the country who make a lasting impact on their communities. Nominations are now open to highlight those who dedicate their time and efforts to charitable causes, said CREA. In celebration of the award’s 10th anniversary, the recipient will receive a $10,000 donation to their charity of choice. Since 2016, CREA has honored 10 realtors across five provinces. Kelly Byers of Woodstock, Ont., is the most recent recipient of the award.
- Imperial Equities has completed an amalgamation with its wholly owned subsidiary, Imperial Equities Properties. The merger consolidates the two entities under the Imperial Equities name. Prior to the amalgamation, Imperial Equities Properties dissolved several inactive subsidiaries. Edmonton-based Imperial Equities is a publicly traded company specializing in industrial, agricultural, and commercial real estate in Western Canada,
- Clark Wilson has been recognized by Chambers Canada magazine as a leading firm for real estate law in British Columbia for the 10th consecutive year. Additionally, Sarah Jones, chair of the Vancouver-based firm’s commercial real estate law group, has been individually acknowledged as a top real estate lawyer in the province. The Chambers Canada recognition is based on independent research, including client interviews and reviews of recet work, assessing factors such as legal expertise, client service, and professional conduct.
- ◦Lease
- ◦Sale/Acquisition
- ◦Development
- ◦People
- ◦Recruitment
