Canadian real estate brokerage Zoocasa is acquired by eXp Realty

Written by
STOREYS editorial team

Canadian brokerage Zoocasa is set to become part of eXp Realty.

The announcement was made on June 20 that eXp World Holdings Inc, the holding company of eXp Realty, had acquired Zoocasa Realty Inc. and its key property, Zoocasa.com.

According to a statement, the move is intended to strengthen eXp Realty’s online lead generation, home search and listing portal opportunities for the company’s many agents and brokers. The transaction is currently subject to customary closing conditions.

Toronto-based Zoocasa is an award-winning consumer real estate brokerage and search portal. It offers an all-in-one smart and scalable listings platform to deliver a simple home search experience, in-depth market insights, and connection with local real estate experts.

Zoocasa is owned by its CEO Lauren Haw and a group of investors, who purchased Zoocasa.com from Rogers Communications in 2015. Today, the thriving and growing platform has nearly 12 million annual visits and 150 real estate agents internal.

Accustomed to rapid success in its own right, eXp Realty is the fastest growing real estate company in the world, with over 82,000 agents in markets around the world. As a publicly traded company, eXp World Holdings offers real estate professionals the unique opportunity to earn equity rewards for production goals and contributions to overall company growth.

“Online home search and lead generation portals are essential tools in residential real estate – both for clients looking to buy and sell homes and for our agents building their businesses,” said said Glenn Sanford, Founder, President and CEO of eXp World Holdings. “We are delighted to bring Zoocasa into the eXp World Holdings family of companies. Their experienced management team, technology and well-known Canadian brand will position us to create a unique portal experience, with the goal of taking home search and lead generation to the next level in North America. This acquisition demonstrates our continued investment in growth to differentiate ourselves, be a destination brokerage, and provide our agents with an exclusive option for qualified and qualified inside sales leads.

For Zoocasa, this acquisition means even more explosive growth opportunities.

“I’m proud of everything our Zoocasa team has built together and excited to join the incredibly agent-centric and collaborative eXp family,” Lauren Haw, CEO and Chief Broker of Zoocasa told STOREYS. “We look forward to accelerating our North American expansion plans with support from eXp’s massive scale.”

Haw says joining eXp Realty and eXp World Holdings is an exciting next step in expanding Zoocasa’s impact as the company continues to redefine its lead generation portal and technology to create great experiences for consumers. customers and agents. “eXp’s cloud-based model is a great fit for our team and we look forward to growing our business with eXp’s management team and agent network,” says Haw.

The transaction is subject to customary closing conditions and approvals and is expected to close in July 2022.

Written by
STOREYS editorial team