September 30, 2020, by Colin McClelland

A Canadian real estate agency, Properly.ca is betting on artificial intelligence to alleviate the stress of buying a new home before selling an existing one.

Properly uses computer models and market analysis to determine equity values, which can be combined with mortgage offers from Canada’s large five banks including special rates with the Canadian Imperial Bank of Commerce for purchasing your next home while you’re still in your current one. Then, it offers staging and handyman tweaks for selling it, all for a 5 percent commission, the industry standard.

“The process of buying and selling a home has remained complicated and stressful and uncertain and we don’t believe that should be the case,” CEO and President, Anshul Ruparell said.There’s an opportunity for us at the same price you’d work with a traditional agent to provide this additional value service and do so profitably.”

Real estate site that backstops home buyers raises $100 million to expand across Canada

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