Canada has got a head start on exciting property industry technology, as Carla Passino explains
A TECHNOLOGICAL revolution is sweeping through the Canadian property market. Proptech—an umbrella concept that covers any manner of technology applied to property—is seeing an unprecedented boom. ‘the technology sector has been on fire in Canada and, with that, has come growth in a number of sectors,’ explains Paul Kay, vice-president of Savills Studley in Toronto (001 416 480 0745).
It helps that the country ‘has done a good job of stimulating Proptech through tax credits and the support of degree programmes at university,’ says Ross Litkenhous of Altus group, a property services and software company. this, together with improved access to data and Canada’srelatively unfragmented housing market, ‘is what has really driven [the sector] to exponential heights’.
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March 27, 2019