Bridgemarq Real Estate Services® is a leading provider of services to real estate brokers and their agents across Canada. Bridgemarq generates cash flow primarily from fixed and variable franchise fees earned from a national network of more than 20,000 REALTORS® operating under the Royal LePage® brand name across Canada, under the Via Capitale® Real Estate Network, Proprio Direct® and Les Immeubles Mont-Tremblant brands in the province of Quebec, and under the Johnston & Daniel® banner in upscale neighbourhoods in Ontario.
Bridgemarq is a Canadian based real estate services firm that supplies REALTORS® with information, tools and services to assist them in providing efficient and effective delivery of real estate sales services in the communities they serve. Through a portfolio of prominent real estate services Brands, each of which offers a unique value proposition, the Company caters to the diverse service requirements of regional real estate professionals, in virtually all significant population centres across Canada.
The Company operates in two distinct business segments: full-service real estate brokerages and franchise services to brokerages.
The complementary nature of these two business segments allows Bridgemarq to generate revenues at multiple points in the real estate transaction including the sale and purchase of real estate, the generation and sale of leads to brokerages and REALTORS®, and by providing services to real estate practitioners through the franchising of the Company’s brands.
The Company is listed on the TSX and trades under the symbol BRE.
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INDUSTRY-LEADING
CANADIAN BRANDS
DIVERSE SOLUTIONS FOR REALTORS® AND CONSUMERS
TRUSTED EXCELLENCE
IN LEADERSHIP
LEADERSHIP
BOARD OF DIRECTORS
Bridgemarq is governed by a board of directors with seven members, five of whom are independent of the Company. The names and biographies of each of the Directors are listed below. The Board oversees Bridgemarq’s business affairs.
While the Board has not developed written position descriptions for each position, the Board delineates the roles and responsibilities for each such position through ongoing communications among Board members that occur with respect to such roles. In addition, the Board has developed written charters for the Board and each of its Committees. These charters are updated periodically and govern responsibilities of the Board and the Committee Chairs.
SPENCER ENRIGHT
Chief Executive Officer
Spencer Enright was appointed CEO of the Company in April, 2024. Prior to the internalization of the management team, he was Chief Executive Officer of the external management company since December 2012. Mr. Enright is also a director of the Company, and was Chair of the Board of directors from 2015 through April 2024. He is a Chartered Professional Accountant and is a graduate of the University of Toronto with a Bachelor of Commerce, specializing in Economics.
PHIL SOPER
President
Philip Soper serves as President of Bridgemarq Real Estate Services, CEO of Royal LePage, and Chair of The Realty Alliance, one of the world's most influential real estate think tanks. In 2003, Mr. Soper directed the restructuring of Royal LePage into a public company, leading to what is now Bridgemarq. He was named President of Royal LePage in 2002 and Chief Executive in 2004, having initially joined the organization in 2000 to head up Corporate Relocation Services. Prior to entering real estate, Mr. Soper was General Manager of IBM Canada’s IT consulting and services business. He graduated from the University of Alberta with a Bachelor of Commerce and Western University's Ivey Executive program.
WALLACE WANG
Chief Financial Officer
Wallace Wang joined Bridgemarq in July 2025 as Chief Financial Officer. Prior to this role, he was a member of Brookfield’s Private Equity Investments team in Toronto, where he was responsible for transaction origination and execution. Before joining Brookfield, Mr. Wang held positions in consulting and investment banking at Deloitte and Scotiabank. He holds a Bachelor of Mathematics and a Master of Accounting from the University of Waterloo, and is a Chartered Professional Accountant (CPA).
PAUL ZAPPALA
Chief Legal Officer
Paul Zappala is a lawyer who joined the organization in 2017 as Executive Vice President, Legal & General Counsel, and Corporate Secretary. He has worked in executive operations and legal roles for over 20 years, including as Vice President and Corporate Counsel to a Fortune 500 company in the financial services and insurance industry. Prior to joining, Mr. Zappala was Executive Vice President, Legal & General Counsel with a leading Canadian appraisal management company of Brookfield.
AIDEEN KENNEDY
Senior Vice President,
Human Resources
Aideen Kennedy holds the position of Senior Vice President of Human Resources, People and Culture with Bridgemarq. Prior to joining the organization in 2017, Ms. Kennedy held various positions within Brookfield affiliates since 2003, including as Vice President of Human Resources with a leading Canadian appraisal management company of Brookfield.
WHO WE ARE
LORRAINE BELL CPA, CA
Independent Director and
Chair, Board 1,2,3
Lorraine Bell is a Corporate Director and a Chartered Professional Accountant with many years of experience as a Director and in the financial sector as a derivatives and risk management expert. Ms. Bell is former Chair of the Audit Committee of IBI Group Inc. (taken private by Arcadis), a services and software company, and was also a member of the Governance and Human Resources Committee. She served for twelve years as a Director and Vice Chair of the Human Resources and Governance Committee and a member of the Audit Committee of the Ontario Financing Authority, the governmental agency that manages the debt and borrowing program for the Province of Ontario. She is a Director of the University of Toronto Associates in New York, a Trustee and Treasurer of the New York Genealogical and Biographical Society, a Director of the Saint Andrew's Society of New York, appointed a Global Scot by the Scottish Government in 2023 and is a member of the Métis Nation of Ontario through her Red River settlement ancestry.
JITANJLI DATT ICD.D
Independent Director 1,2
Jitanjli Datt is a strategic advisor at Forum Equity Partners, an investment management company. Prior to that, she worked in the investor relations department at Royal Bank of Canada and in equity research at the Canadian Imperial Bank of Commerce. Ms. Datt has studied at a number of progressive educational institutions including the Harvard Business School and the Rotman Initiative for Women in Business.
SPENCER ENRIGHT CPA, CA
Designated Director
Spencer Enright was appointed CEO of the Company in April, 2024. Prior to the internalization of the management team, he was Chief Executive Officer of the external management company since December 2012. Mr. Enright is also a director of the Company, and was Chair of the Board of directors from 2015 through April 2024. He is a Chartered Professional Accountant and is a graduate of the University of Toronto with a Bachelor of Commerce, specializing in Economics.
JOE FREEDMAN J.D., MBA
Independent Director 3
Joe Freedman retired as Senior Vice Chairman, Private Equity at Brookfield Asset Management in 2020. While at Brookfield, Mr. Freedman held a number of positions including General Counsel and head of mergers and acquisition transaction execution, fund formation and fund operations. Mr. Freedman is a director of The Centre for Aging and Brain Health Innovation, a not-for-profit organization, RAD Technologies Inc., Contact Free LLC, and Eupraxia Pharmaceuticals.
BRIAN HOECHT CPA, CA
Independent Director,
Chair, Audit Committee 1
Brian Hoecht is the CEO of Text2Us, a company he founded and owns, which provides software as a service to franchised car dealerships in Canada and the United States. He reinstated his membership as a Chartered Professional Accountant and Chartered Accountant (CPA, CA) with CPA Canada and the Institute of Chartered Professional Accountants of Ontario in 2025. He previously held a U.S. CPA designation. Mr. Hoecht holds a Bachelor of Commerce (Hons) from Queens University. His 35+ years of business experience ranges from entrepreneur/founder, to President and General Manager, to Chief Operational Officer, to Chief Financial Officer. He has senior management experience working at a large, publicly traded software company (Reynolds + Reynolds), several franchise car dealerships, as well as software companies. The software offerings include Enterprise Resource Planning, eCommerce, Digital Retailing and the custom adaptation of broad-based technology into industry-specific application.
GAIL KILGOUR ICD.D, MBA
Independent Director,
Chair, Governance Committee and
HR & Compensation Committee 2,3
Gail Kilgour is a Corporate Director with over 25 years of experience in the financial services industry. She is a past Vice-Chair of the Board of Directors for the Ontario Realty Corporation, a Crown Corporation, and Chair of its Governance Committee, a past director of Ontario Infrastructure and Lands Corporation, a Crown Corporation. She is a past Trustee of the University of Guelph, where she chaired its Audit Committee and a past Chair of the Board of St. George’s Golf and Country Club.
JINGWEN LIU
Designated Director
Jingwen Liu is a Senior Vice President in Brookfield’s Private Equity Group, where she is responsible for operational and financial performance of Brookfield portfolio companies and due diligence for target companies. Ms. Liu joined Brookfield in 2014 and has held various positions across the organization including investment origination, valuation analysis and deal execution across various sectors. Prior to this, she worked in investment banking, with a focus on M&A and restructurings. She is based in Toronto and holds an International Bachelor of Business Administration degree from the Schulich School of Business at York University.
1 Member of the Audit Committee
2 Member of the Governance Committee
3 Member of the Human Resources & Compensation Committee
CORPORATE GOVERNANCE
Bridgemarq continually strives to ensure that sound corporate governance practices are in place to maintain investor confidence in the way Bridgemarq conducts its business.
Corporate governance relates to the activities of Bridgemarq's Board of Directors who are elected by and are accountable to the shareholders. The Board assumes explicit responsibility for the stewardship of the Company directly and through its Committees.
Bridgemarq’s Board of Directors encourages sound corporate governance practices that are designed to promote the well-being and ongoing development of Bridgemarq, while having Bridgemarq’s best interests as its number one objective.
The Board is of the view that Bridgemarq's corporate governance practices are comprehensive and consistent with the guidelines for improved corporate governance in Canada as adopted by Canadian Securities Administrators. Bridgemarq continues to assess its governance practices and disclosure in relation to evolving guidelines.
Bridgemarq’s governance practices include charters for the Board and for its Standing Committees, the Audit Committee, the Governance Committee and the Human Resources & Compensation Committee. The Board believes that Board Committees assist the effective functioning of Bridgemarq’s Board of Directors and help ensure that the views of Independent Directors are effectively represented. Only Independent Directors sit on the Board’s Committees.
The Audit Committee’s primary responsibility is to ensure the integrity of Bridgemarq’s financial reporting, risk management and internal controls. The Audit Committee has unrestricted access to the Manager’s employees and Bridgemarq’s records. In addition, the Audit Committee has direct communication with Bridgemarq’s internal and external auditors in order to discuss audit-related matters.
The Governance Committee’s primary responsibilities are to develop Bridgemarq’s approach to governance issues, recommend potential Director candidates for nomination to the Board, and to review the composition and effectiveness of the Board and the contribution of its Directors periodically. The Governance Committee considers many factors before recommending potential Director candidates for nomination to the Board, such as required skill sets that will ensure the Board runs effectively, the size of the Board and the diversity of the Board members.
The Human Resources & Compensation Committee’s primary responsibilities are to assist the Board in their oversight of the Company’s human resources and organizational strategies, including advising on compensation arrangements for employees and senior leadership.
Bridgemarq does not have a written policy or stated target regarding the identification and nomination of female Directors. Bridgemarq does recognize the importance of gender diversity on the Board as evidenced by the significant representation of female Board members. Currently, 57 per cent of all Directors, 60 per cent of Independent Directors, 100 per cent of members of the Governance Committee, 67 per cent of the members of the Audit Committee, and 67 per cent of members of the Human Resources & Compensation Committee are women.
To ensure Bridgemarq communicates its practices and commitment to strong corporate governance, Bridgemarq is pleased to provide you with the following charters and policy:
ARTICLES OF INCORPORATION
