Bridgemarq Real Estate Services (TSE:BRE) reported lower first-quarter revenue and adjusted earnings as softer Canadian housing market conditions and a reduced agent count weighed on results, while management highlighted artificial intelligence initiatives, franchise recruiting opportunities and continued dividend payments.
Chief Executive Officer Spencer Enright said the company continued to advance its position in Canadian real estate through “a strategic investment in AI, a strong and differentiated brand presence, and an ongoing commitment to empowering professionals across our network.” He said the company’s business model and focus on innovation position it to pursue growth opportunities despite “a dynamic and evolving macroeconomic landscape.”
