Revolutionizing Real Estate: Top Toronto Startups Elevating Canada’s Housing Market

January 17, 2024
by

With the rise of digitization, startups have been significantly thriving over the past decade. The Real Estate industry in particular has seen an influx of innovative ideas from Canadian startups, with the city of Toronto being a notable hotspot. Startups emerging from 2020 and beyond in the realm of Real Estate in Toronto have leveraged cutting-edge technology to reimagine the sector in remarkable ways. From simplifying real estate investments to transforming pre-construction visualization through gaming, these startups are disrupting the norm and charting new courses towards the future of Real Estate.

This article seeks to highlight some of these startups that are shaping the real estate industry in Canada. Although they are in their early stages, these companies have shown potential to impact the sector significantly. In this entrepreneur-led, tech-empowered major industry, the startups’ innovative spirit is forging a bright future, building better cities, and empowering people to experience the essence of modern living. Each of these companies is making positive impacts, providing high-quality services making a difference in people’s lives.

Endowed with a dynamism defined by transformation and novelty, Toronto is fertile ground for startups. Here, we examine Toronto startups that were created in 2020 and are charting the course for the future of the Real Estate industry.

Altrio

Founded by Jon Simpson and Raj Singh, Altrio operates at the intersection of computer technology and real estate investment. The company, situated in Toronto, provides integrated software solutions for real estate investors and managers, streamlining their deal teams’ work and improving their investments. The company’s core offering, Origin, is a real estate investment software which aims to develop software and services that help real estate investors and managers achieve their goals while also having fun at work.

Requity Homes

Requity Homes Inc. was founded by Amy Ding and is on a mission to make homeownership fair and flexible. Located in Toronto, Requity Homes has devised a modern rent-to-own program that allows prospective homeowners to save for their down payments incrementally while living in their dream homes.

Ryna

Started by KD Dao and Sheryl Song, Ryna uses technology combined with real estate expertise to cater to a basic human need – housing. Based in Toronto, Ontario, the company is dedicated to empowering women by providing personalized experiences that prioritize safety, reliability, and support.

Breezeful

Breezeful is a Toronto-based startup co-founded by Ade Labinjo and Anthony De Guzman. The company uses machine learning to connect users with over 100 lenders and alternative financing options, thereby simplifying the mortgage financing process.

ICAREUM

Co-founded by Dan Merriam and Danila Solovov in Toronto, Ontario, ICAREUM focuses on gamifying pre-construction and architectural visualization using Building Information Modeling (BIM) and digital twin technology. The company targets the real estate, smart building, and software sectors among others.

Ascend Build

Run by Montgomery Ngan, Ascend Build is a Toronto-based startup that focuses on mapping visualization and the auto-generation of architecturally sound buildings. This aids developers and architects in validating land development opportunities swiftly.

Avebury Equity Partners

Avebury Equity Partners is a unique startup founded by Corey Hawtin. Headquartered in Toronto, Ontario, the company operates in the real estate, asset management, and construction sectors.

Transitions Realty

Transitions Realty is a Toronto-based startup specializing in real estate, property management, and consultation services.

RentBook

Founded by Christopher Lam, RentBook is a Toronto startup that simplifies payment processes between tenants and landlords using its application. It provides a convenient platform for setting up AutoPay in three simple steps.

Ascend

Ascend is a Toronto-startup focusing on artificial intelligence and software solutions for the real estate industry.

Bidmii

Co-founded by Jon Christensen and Phillip Stack in Toronto, Ontario, Bidmii provides an automated marketplace for homeowners and contractors. This easy-to-use platform ensures fair market pricing, payment security, and project control.

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