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ARTICLE · 17 DECEMBER 2018

Technology And Creativity: Keys To Unlocking Real Estate?

With increasing globalization, shifting demographics and advancing technologies, just to name a few, society is changing rapidly.

CanadaReal Estate and Construction

With increasing globalization, shifting demographics and advancing technologies, just to name a few, society is changing rapidly. These changes, as reflected by evolving tastes, preferences and needs, influence both how and where people live and work. As part of their joint publication, Emerging Trends in Real Estate 2019 (the Report), PwC and the Urban Land Institute forecast that in response to mounting pressure on the Canadian real estate industry (the Industry) to confront these changes, we may begin to see Industry players increasingly embrace both technology and creativity.

Smart technologies may help the Industry adapt to a changing market

One trend that the Report identifies for 2019 is the "intersection of technology and real estate". Virtual and augmented reality and drones, for example, will allow builders and developers to provide clients with greater insight into pre-construction projects and to show on-site progress once construction is underway,

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