Canada ICI Expands Coast-to-Coast with New Offices in Halifax and Victoria

[Toronto, September 10, 2024] — Canada ICI Capital Corporation, a leader in Canadian commercial real estate finance, proudly announces its coast-to-coast expansion with two new offices in Halifax, Nova Scotia, and Victoria, British Columbia. This strategic growth strengthens Canada ICI’s commitment to serving the diverse needs of commercial real estate borrowers nationwide.

Canada ICI’s Proven Success in Halifax and Victoria

Canada ICI has long been active in both coastal markets, witnessing significant traction and momentum in commercial real estate. Establishing physical offices in these cities affirms Canada ICI’s strategy to offer local advisory and access to institutional capital tailored to clients active in both regions.

Local Expertise with National Support

Mack Carson and Yvan Repka have been essential to the company’s growth in Victoria and are now joined by Dustin Lamoureux, a seasoned professional with over 20 years of industry experience. In Halifax, Canada ICI welcomes seasoned local talent in Glenn Umlah, Ian MacInnis, Matthew Dobbelsteyn, and Geoff Umlah. Each of them brings deep industry knowledge and strong local market insights, ensuring both teams are well-positioned to meet the unique challenges and opportunities of their respective regions.

“We’ve always prioritized hiring local experts because every market has unique challenges and opportunities,” said Dale Klein. “Our strength is combining that local knowledge with the support of our national platform, which will now be coast to coast.”

The Next Step in Rapid Expansion

Victoria and Halifax mark the latest milestones in Canada ICI’s rapid expansion. The company recently doubled its origination talent in the Toronto and Montreal offices, reflecting its growing influence in Canada.

“We’ve seen tremendous growth nationwide, and opening offices in Victoria and Halifax allows us to build on that momentum,” said Brandon Kot, Managing Partner at Canada ICI. “Given the expansion of our CMHC business over the past five years and as a prudent CMHC-Approved Lender, it was important to ensure that we have advisors physically in regions where we are actively establishing partnerships and lending. Our ability to clearly articulate the quality of the loan opportunities we originate is directly connected to the regional and on-the-ground knowledge we have on the asset we are financing.”

Fostering Team Wins Over Individual Competition

Canada ICI’s culture of fostering team wins over individual competition sets it apart in the industry. “Our approach is collaborative rather than competitive, aligning with the industry’s current needs and future direction,” says Doug Milne, Managing Partner at Canada ICI. “Our mission is to provide the best possible service and execution for our partners, and that takes a team approach.”

A National Organization with Local Expertise

Canada ICI’s national framework, combined with local expertise, allows commercial real estate professionals to build their careers and confidently serve their clients.

“With our coast-to-coast presence, we’re well-positioned to help our clients achieve their goals and build long-term partnerships,” said Rick Bachalo, President of Canada ICI. “Our new offices in Halifax and Victoria are an important part of that strategy. We’re providing our teams with the tools they need to deliver the best possible outcomes for our clients.”

For more information on Canada ICI and its services, visit http://www.canadaici.com.

About Canada ICI

Canada ICI is one of the country’s leading commercial real estate finance firms and CMHC lenders, annually funding in excess of $9 billion through its offices in Vancouver, Toronto, Montréal, Calgary, Edmonton, Ottawa, Winnipeg, and now, Halifax and Victoria.

About Canada ICI Origination

Canada ICI is one of Canada’s largest commercial mortgage origination platforms, sourcing and structuring commercial mortgages. As an origination firm with a national footprint, CICI is at the forefront of Canada’s commercial real estate market, funding over three loans every business day of the year. Canada ICI is always in the market, giving borrowers unparalleled access to capital and lenders a consistent volume of high-quality loan opportunities.

About Canada ICI Asset Management Group

Canada ICI’s AMG group boasts a multi-billion-dollar asset management infrastructure, providing institutional investors with comprehensive solutions to grow and scale commercial mortgage portfolios. AMG’s key strength lies in its decades of mortgage management and servicing experience, offering tailored solutions to meet the unique needs of discerning institutional investors.