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Sep 24, 2021
Property.ca named one of Canada's Top Growing Companies
FOR IMMEDIATE RELEASE
September 24, 2021, TORONTO, ON – Real estate company Property.ca has been listed on The Globe and Mail 2021 Canada’s Top Growing Companies, which ranks the country’s “boldest entrepreneurial businesses by the percentage of their revenue growth over three years.”
Last year, Property.ca agents sold more than $1B worth of properties, and are on track to surpass $1.5B in 2021. Revenue growth from 2017 to 2020 was 88.9%, a growth rate of 23.6% over three years. In the last two years, site traffic on the company’s three web properties – condos.ca, property.ca, and mrloft.ca – has seen an average of 2.5M views a month, up from about 1M a month, with a user base that has more than doubled, going from 500K to 1.1M. And, its agents’ production has doubled during the same timeframe, doubling the number of deals on a yearly basis.
The key to that success, according to Property.ca CEO Bayan Qandil, is a relatively unique approach to real estate: one that makes real estate data and insights accessible and empowers renters, buyers, sellers, and investors to make informed decisions.
“Being successful in real estate comes down to one thing: information,” he says. “It’s the only way to understand the true value of a property and navigate a constantly changing market. We have liberated the data that enables better decisions. People turn to our platforms for their best-in-industry search experience and in-depth, easy-to-understand data – and our technology team continues to work on new tools to improve the real estate journey."
A proprietary algorithm gives site visitors exact square footage and price per square foot data for condos, hard-to-find historical information on sales and rentals, as well as demographic data, neighbourhood information, listing alerts, and other features.
It’s an approach that benefits agents, too: the site’s popularity gives agents access to people who are actively looking for a property, which means less time spent searching for clients. In the last three years, Property.ca’s agent base has grown by over 60%, and the company continues to actively recruit new agents.
“We are very much in a growth mindset,” says Qandil. “And we are incredibly proud to have made this list of inspiring, powerhouse companies. A big thank you to our hardworking agents, and of course, the clients who have trusted us with some of the biggest decisions of their lives.”
A write-up about Property.ca will appear in The Globe and Mail’s October issue of Report on Business magazine, focusing on the company’s last three years and outlining expansion plans for the future.
About Property.ca Inc.
Property.ca is a licensed real estate company with 250+ agents and six offices across the Greater Toronto Area and the Greater Vancouver Area. It operates three high-traffic real estate websites: condos.ca, property.ca, and mrloft.ca, created to offer buyers and sellers rich information that enables clear, informed decisions.