12 Nov Toronto startups look to disrupt Canada’s real estate model.
Original article via Globe and Mail. Click here to read.
Two Toronto-area startups are betting that a combination of technology, regulatory changes and consumer behaviour have created the conditions necessary to finally bring about a transformation of the country’s traditional real estate model.
Regan McGee, chief executive of startup Nobul (which he describes as a marketplace platform where potential buyers and sellers get bids for service from realtors), says that, in recent years, accumulation of anti-trust and competition regulations in the United States and Canada have pushed the industry to a tipping point. “They created an environment where a company like us could exist. [Before now] it would have been really hard. This is the way everything is going,” he said.