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ARTICLE · 13 JANUARY 2022

PropTech: Property Technology, The New Frontier In Real Property, Part 2: Benefits

McMillan LLP
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In Part 1 of our series, we introduced the concept of PropTech and how it is revolutionizing the real estate industry in innovative and unexpected ways.

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 Part 1 of our series, we introduced the concept of PropTech and how it is revolutionizing the real estate industry in innovative and unexpected ways. If you have not read Part 1, please click here.

In this Part 2 of our series, we explore the benefits of PropTech to both businesses operating in the real estate space, and to the consumers of such products.

What are the Benefits of Companies Implementing PropTech?

PropTech offers a range of benefits for owners, investors, real estate developers, and to those who create this technology. Benefits include increased marketability for real property assets (whether residential or commercial), licensing opportunities for integrated platforms, data collection and analytics, environmental efficiencies and improvements, as well as social benefits.

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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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