Peter B. Moore founded PBM Realty Holdings Inc. in the year 1986. After NAFTA was introduced in 1989 followed by the early 1990's recession, Peter saw the opportunity to purchase a number of large vacant buildings in the Greater Barrie Area that were previously owned by multi-national corporations and used as branch plants. With the introduction of NAFTA, most of those branch plants closed creating an abundance of industrial space in the local market place for sale.