02 Jan Canada’s property market may be cooling, but ‘proptech’ is booming.
Original article via Financial Post. Click here to read.
This year, Devin Tu helped his real estate client avoid a multi-million dollar mistake.
“We had a client looking at a site in North York that they thought was ideal. But then, they used our tool, which scanned 25 different regulations and checked developments in the area in real time,” said Tu. “It turns out they had missed a key floodplain regulation.”
Had they bought the more-than-$10-million property, the client would have been stuck with land on which development would have been impossible. The area remains a parking lot today.