At the intersection of real estate and technology lives proptech, defined aptly by Forbes as “the underlying technology that real estate professionals, underwriters, developers, property managers, title companies, banks and others use to manage and improve real estate transactions from start to finish.”
That’s the aim of companies such as Zillow and Apartments.com, along with countless other businesses working to streamline the experience. In Canada alone, more than 500 new startups were founded in 2023, including Adaptis, Chexy and Doormat, raising $1.5 billion in new funding since.
Below are a few other companies to watch.
Proptech Companies in Toronto
- VTS
- Dream
- Zoocasa
- Willful
- FCT
Top Proptech Companies in Toronto
In 2023, VTS released its commercial leasing operations platform, VTS Lease. VTS claims it’s the largest first-party data source in the industry, delivering data insights and solutions for 45,000 users to fuel their investment and asset strategy, leasing and market automation, property operations and tenant experience. The company’s offices are spread across North America and Europe.
Dream is an asset manager, owner and developer of real estate with over $17 billion in assets under management among its four publicly listed entities, private funds and institutional partnerships. Additionally, Dream’s website shares its commitment to promoting health and well-being, while aiming to reduce inequalities through its dedication to affordable housing solutions. The company has offices in Toronto, Ottawa and Regina.
Based in Toronto, Zoocasa is a national brokerage that uses data and technology to make buying and selling a home easier and more efficient. Zoocasa was named one of America’s Fastest Growing Companies by the Financial Times, a Top Growing Company by the Globe and Mail, and one of Deloitte’s Tech Fast 50 companies in Canada.
Willful was founded to simplify end-of-life arrangements. Customers begin by entering their name, date of birth and beneficiaries, followed by details about their property. The company then generates the necessary documents and provides instructions for making them legally binding.
Headquartered in Oakville, just outside of Toronto, FCT provides title insurance and other real estate-related services to approximately 450 lenders, 43,000 legal professionals and 5,000 recovery professionals, as well as real estate agents, mortgage brokers and builders, nationwide. The company has been named a certified Great Place to Work and one of Canada’s Best Workplaces for 10 years in a row.
