Dustin Allan’s Post

With 39% of Canadian tenants dissatisfied with rent costs and 44% believing short-term rentals have driven up prices, property managers face rising challenges. This survey shows how adopting #proptech solutions, such as home security systems, smart thermostats, automated lighting, digital access controls, and property management software, can enhance tenant satisfaction. https://lnkd.in/gsGXMibj #PropTech #PropertyManagement #RealEstate #Canada

Key trends driving #proptech innovations in 2024 include big data analytics, immersive AR/VR experiences, crowdfunding, IoT for smart homes, and green construction focused on ESG values. With the proptech market expected to grow from $18.2 billion in 2022 to $86.5 billion by 2032, this is the time to explore how your business can leverage these trends. https://lnkd.in/dr326xCA

This study reveals a growing gap between housing stock and population growth in the GTA, the widest in over 50 years. Despite a surge in demand, excessive approval timelines are impacting housing affordability. Average fees have jumped significantly, costing new buyers up to 25% more for a home. https://lnkd.in/guVNCtHu

In case you missed it... The Government of Canada is expanding access to 30-year insured mortgages and raising the insured mortgage cap to $1.5M, in a series of reforms aimed at addressing housing affordability across the country. https://lnkd.in/gPcfn8cM

If you're stuck on a hard problem for more than 10 minutes, get up and take a walk. It worked for Steve Jobs and neuroscience provides evidence that it works. https://lnkd.in/gGxjyacS

Emerging tech like #AI, VR, and #blockchain are transforming everything from property management to smart contracts. Entrepreneurs who can harness these tools and identify market gaps will be well-positioned to lead innovation in #realestate. https://lnkd.in/gqtBNcBE #PropTech #Innovation #Technology

Since the Bank of Canada’s first rate cut, home sales have risen 1.3% MoM, hitting their highest since January 2020. However, prices remain sluggish as new listings keep climbing for the fourth consecutive month. https://lnkd.in/geGpv5zq

Canada’s productivity slowdown is a growing concern, with construction as the biggest culprit, according to a recent TD report. https://lnkd.in/geWWn2J5

Proptech is transforming the future of housing #affordability. It's not just about cutting interest rates—embracing technology like #AI-driven property management and virtual reality tours can streamline processes, reduce costs, and enhance decision-making. https://lnkd.in/gCCGCgSE #proptech

Walkability is shaping real estate trends in Canada’s major cities – it impacts property values, business success, and commuting ease. Interesting look at how walkability is becoming a key factor in urban development in Montreal. https://lnkd.in/gyMmQQcW #RealEstate #Walkability #Sustainability