MCOCI appoints new board member

The industry veteran has over 30 years' worth of management experience

MCOCI appoints new board member
Toronto-based Mortgage Company of Canada has appointed Brian Johnston to its board of directors.

The new CEO has over 30 years’ worth of management experience in the real estate industry. Since 2012, he has served as COO of Mattamy Homes, one of the country’s largest homebuilders, selling about 6,000 homes across 50 projects in Canada and the US every year.

Before Mattamy, Johnston worked for nearly 20 years at Monarch Corp., which he led as president from 2000 to 2012. It was there where he guided the company to sell approximately 900 homes and 700 high-rise condominiums per year in southern Ontario and had annual sales of approximately $500 million.

We are delighted to welcome Brian to our Board of Directors," said Raj Babber, chairman, CEO, and president of Mortgage Company of Canada. "His long career in the homebuilding industry has provided him with a deep knowledge and unique perspective on the Greater Toronto housing market that will be a tremendous benefit to Mortgage Company of Canada."

Johnston currently serves as a Director of the C.D. Howe Institute, the Bruce Trail Conservancy, and is a member of the Board of Regents at Victoria University in the University of Toronto. He was previously a director of the Canada Mortgage and Housing Corporation (CMHC) from 2008 to 2016.

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