Teranet recently published a blog on how the PropTech landscape is changing and affecting the real estate industry including home buyers and sellers.
The Canadian housing market has never been hotter, but challenges from inventory and pandemic-related roadblocks continue to create barriers to homeownership. As a result, innovation has excelled and a new generation of property tech or PropTech solutions have been launched to the market to address these challenges. In this blog, we will summarize the top three PropTech trends to watch for in 2022.
1. More Options for Ownership
With the rise of prices due to inventory issues, affordability has become a hot topic. One trend to watch for this year is the rise of various innovative options that allow fractional ownership, method of unlocking equity and flexibility in the ever-present conundrum of buying first or selling first.
2. Virtual Enhancements
With Covid-19 continuing to linger and transform, the need to shift more attention to online tools and resources is ever important. Watch for newcomers to the market that offer staging, presentations and new tech platforms that offer more real estate sales professionals’ tools to enable you to provide more value to your clients.
3. Enhancing the transaction
With more knowledge, understanding and investment the ability to provide PropTech platforms that keep Real Estate Sales Professionals at the center of the transaction and reduce the administrative load to create efficiencies through the real estate transaction are on the rise. The demand from customers to provide more transparency will fuel additional innovation in this space.
If you’d like to learn more about these trends read the full article on Teranet.ca. To stay up to date with product enhancements, insightful blogs and industry updates throughout 2022 follow our Facebook, Twitter, and LinkedIn or sign up for our newsletter.