FirstService Residential Expands Footprint in Edmonton, Alberta and Western Canada

Strategic Insights -

FirstService Residential has announced the acquisition of Edmonton-based Core Real Estate Group, expanding its presence in Edmonton, Alberta, and Western Canada. This move brings the number of residential units under FirstService management in Canada to more than 250,000. Core Real Estate Group, serving residential properties in Edmonton since 2011, manages over 15,000 residential units. The acquisition reinforces FirstService's leadership position in property management in Canada.

Key Takeaways:

  • FirstService Residential has acquired Edmonton-based Core Real Estate Group, expanding its footprint in Edmonton, Alberta, and Western Canada.
  • The acquisition brings the number of residential units under FirstService management in Canada to over 250,000.
  • Core Real Estate Group manages more than 15,000 residential units and has been serving Edmonton since 2011.
  • The acquisition reinforces FirstService's leadership position in property management in Canada.
  • FirstService Residential will leverage its Resident Support Services team and technology to respond quickly to questions from residents.
  • The company will also utilize industry-leading best practices and property management resources to enhance the level of service received by Core Real Estate Group's customers.
  • The acquisition marks a significant partnership between FirstService Residential and Core Real Estate Group, with David Brown, founder of Core Real Estate Group, commenting on the excitement of joining a Great Place To Work and a company listed as one of Canada's Best Workplaces(TM).

Statistics:

  • 250,000: Number of residential units under FirstService management in Canada.
  • 15,000: Number of residential units managed by Core Real Estate Group.
  • 2011: Year in which Core Real Estate Group began serving residential properties in Edmonton.
  • 2025: Year in which the acquisition was announced.

Sources:

  • "FirstService Residential acquires Edmonton-based Core Real Estate Group, expanding presence in Edmonton" (CNW, May 8, 2025)
  • Source: FirstService Residential