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ARTICLE · 06 JANUARY 2022

PropTech: Property Technology, The New Frontier In Real Property, Part 1: Introduction

McMillan LLP
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Technology and its pace of change continues to be a significant disruptor across all industries, including the industrial, commercial, and residential real property spaces.

CanadaReal Estate and Construction
Alex Bruvels
Alex Bruvels
Robert C. Piasentin
Robert C. Piasentin
Kailey Sutton
Kailey Sutton
Kaleigh Zimmerman
Kaleigh Zimmerman
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In this 3-part series, we consider the concept of PropTech, its impact, benefits and challenges.

What is PropTech and why is it important?

Technology and its pace of change continues to be a significant disruptor across all industries, including the industrial, commercial, and residential real property spaces. Property-related technology, commonly referred to as 'PropTech', exists at the intersection of real estate and technology, and finds innovative opportunities for technology to improve the experience and function of the real estate sector, both at a transactional level and with respect to the provision of related support services. This somewhat nebulous concept of PropTech is quickly becoming a focus of entrepreneurs and investors in order to claim ownership of the term, and is overlapping with other start-up related industries, such as 'contech' (technology used in the construction industry) and 'fintech' (technology used in the financial sector), as well

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The foregoing provides only an overview and does not constitute legal advice. Readers are cautioned against making any decisions based on this material alone. Rather, specific legal advice should be obtained.

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