Toronto, Ontario – September 2, 2025 – Bay Street Group Inc. (BSG) and RIFO Realty Group Inc. are proud to announce the formal formation of a strategic partnership and business combination on August 31. This milestone marks the beginning of a new era, uniting two of Canada's most forward-thinking real estate organizations to create one of Canada's strongest and most innovative real estate networks.

Over the past decade, Bay Street Group (BSG) has established a reputation as an independent leader in the Canadian real estate sector with its corporate culture of openness, inclusiveness, technology leadership and continuous innovation. Through this merger, BSG and RIFO will join forces to create a powerful platform designed to achieve long-term stability, innovation and growth.

Vicky Huang, president of Bay Street Group, has been named chief executive officer of RIFO Realty Group Inc. In this expanded role, Vicky will be responsible for the real estate operations of RIFO Realty Group Inc., which has a network of over 5,000 real estate agents and is supported by a diverse team of licensed financial advisors specializing in mortgages, funds, insurance and wealth management across Canada, with a current focus on British Columbia and Ontario.

Key Benefits for Agents and Clients

With strong cash flow and easy access to capital markets, RIFO provides brokers with a platform designed to achieve sustainable growth and long-term stability. Its AI-powered platform integrates lead generation, customer relationship management, deal management and marketing tools into one seamless experience. At the same time, customers will also benefit from RIFO’s one-stop value-added finance and home services program, which provides customized and comprehensive solutions to simplify and enrich the home buying and selling process.

A new era of growth and innovation

“This merger is not just about growth, it’s about transformation in a volatile market.” Vicky, CEO of RIFO Realty Group Inc. Huang said, "By combining BSG's open, inclusive and innovative corporate culture with RIFO's AI-driven platform and capital markets access, we are building one of Canada's strongest real estate networks - focused on collaboration, cutting-edge solutions and customer success."

Johnson Ji, CEO of RIFO Holdings Group, echoed the same commitment and emphasized the critical role that artificial intelligence and capital markets will play in shaping the future of the industry. "Artificial intelligence is reshaping the real estate industry. By combining RIFO's AI-driven business and rigorous business approach with Bay Street Group's culture of innovation, we are creating a data-driven ecosystem that will help agents work more efficiently, help clients make smarter decisions, and enable our network to expand faster than ever before. This merger marks the beginning of a new chapter in which technology and deep pockets will drive sustainable growth and revolutionize the way real estate is experienced and delivered."

Together, BSG and RIFO will accelerate innovation, expand opportunities for agents, and improve service levels for Canadian and international customers.