egX Group announced today that egX Canada plans to commence operations as an exchange in October 2008.

The launch is subject to regulatory approval and the company securing adequate capital for the operation of the new marketplace.

egX Canada is entering the market to provide the investment community with a well regulated, transparent, and liquid marketplace for the listing and trading of real estate securities and related financial products.

“egX Canada is unique — it is the world’s first recognized marketplace for real estate securities,” says Leo Chamberland, president and CEO of egX Group.

egX Canada is the first marketplace of a series of proposed exchanges to be deployed around the world to create a global marketplace for real estate securities. Real estate is the world’s largest asset class and represents over 50% of the overall global financial wealth.

Initially, egX Canada will provide listing and trading services for the following sectors: revenue producing properties; land banks; mortgage pools and mortgage funds; and infrastructure projects.