Products & Tech

Products & Tech

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Every industry has been affected by COVID-19 in one way or another. And while the fallout has mostly been negative, one niche business that has experienced a positive impact is that of virtual staging.

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The Home.ca website is a leading real estate and rental marketplace designed to empower consumers with data, insights and knowledge, while instantly connecting them with local licensed real estate professionals.

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Engel & Völkers recently announced a partnership with Matterport to provide its network with the latest in virtual technology capabilities.

The Key Living team, from left: Yash Mody, director of product; Craig Shannon, CFO; Alex Tang, finance; Daniel Dubois, co-founder and president; Louisa Clements, marketing; Vithushan Namasivayasivam, technical lead; Rob Richards, co-founder and CEO; Mark Petrov, finance; Mark McLean, VP sales and business development; Derek Manuge, finance; Alison Simpson, CMO; Russell Kim, marketing and sales. Not present when the photo was taken: Mark Vandenbosch, community and government relations.

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Company vice president Mark McLean says Key Living has built a co-equity financial model to help consumers buy shares in a condominium for a minimum of $25,000 and build equity while paying a monthly all-inclusive payment to live in a suite of their choice as long as they want. The payments are linked to (but less than) market rents.

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Look up. Condo sales are on the rise. Condo construction is constant, especially in population-dense communities like Toronto and Vancouver. There’s more to condo appeal than cost. Condos are convenient; they require less work. Some attentive developers and building managers are using technology to help make condo living more enjoyable.

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Reuven Gorsht, co-founder of Toronto-based Deeded, says processes that are being adopted during the COVID-19 crisis are likely to become more widespread once the threat has passed.

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BrokerBay co-founders Costa Ntoukas, the CEO, and Pavel Choulguine, the CTO, designed a modern front desk software/brokerage ecosystem designed to reduce call volume by 43 per cent and make confirmations three times faster.

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The reasons why people have to buy or sell is still the same now as it was before the COVID-19 virus hit but the process has changed. Here are four creative and technologically advanced ways to showcase a home.

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Leader’s Edge Training, based in Barrie, Ont., is now offering its Agent Success app to all brokerages and agents for free. “As the impact of the coronavirus spreads, we wanted to do something to bolster the industry,” says Chris Leader, founder of Leader’s Edge Training.

“We believe the real estate process should be empowering and predictable, not stressful,” says Anshul Ruparell, CEO of Properly.

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Calgary-based Properly, a real estate technology company and one of the first Canadian ibuyer firms, recently launched ProperPrice, a free online tool that provides homebuyers in Calgary with an on-demand prediction of a home’s selling price.