The real estate market in Canada is one of the best options for people around for investment purposes as it does not even require you to be a Canadian citizen or to live in the country. Not just Canadian citizens but people around the world are interested in the real estate market of Canada. According to a report, the real estate market in Canada secured around 12 billion Canadian dollars in 2021, up from approximately 11 billion Canadian dollars in 2020. That has boosted the need of having a reliable web app solution for the real estate property of Canada. You can own a real estate web development solution in Canada that provides services of buying and selling property using some of the latest trends.
Automated Rental and Purchasing of Real Estate Property
After the COVID-19 pandemic, almost 43% of people preferred to view and finalize the property online rather than meeting them in person. You can ask your web developer Canada to provide a feature of automated rental, buying and selling functionality for your platform that requires minimal human interaction.
3D Virtual Property Tours
In your real estate web app platform, you can allow users to take a virtual tour of properties they are interested in before selecting the one. It can be beneficial for the users to save time and expenses to actually visit the property. And as a service provider, you can ditch the geographical limitation as it will open gates for worldwide visitors to go through any property listed on your website. This technology is the best fit for buyers who want to pick a property quickly. It will also provide a detailed view of the property to the buyers.
Nowadays people expect to get the best service in no time. People tend to move ahead easily if they will not get the answers to their queries instantly. You can provide an AI chatbot service that can resolve users queries accurately 24/7. Web developer Canada can develop AI embed chatbots providing their services as fast as possible with zero errors. An inappropriate service can also drive users away from your web platform.
Even a basic real estate web development solution requires lots of data. It also requires Databases and data warehouses to manage a chunk of gathered raw information. You can employ big data technology in your web platform. You can provide an enhanced user experience providing users with best-fit property suggestions or providing suggestions like if the selected property is a good choice or not or what could be the best price for your listed property, and so on.
Blockchain and NFT
Blockchain and NFT are some of the emerging technologies of today's world. Not many people can understand the direct connection between real estate and blockchain. Blockchain and NFT are widely used in cryptocurrency and even other industries such as e-commerce including real estate.
You can allow users to buy and sell the property using cryptocurrency and NFT. You can verify encrypted transactions ensuring no tampering impacts financial records using blockchain. You can provide the functionality of fractional property investment that allows users to buy and sell a portion of the property. Usage of blockchain technology in your web development solution to secure important documents and property titles.
Fractional Property Investment
It is common human nature to give up on a dream house that is beyond our financial reach and it is not something uncommon. People think a thousand times before investing in a property compared to any other thing. But how about you provide a feature such as fraction property investment using blockchain to your web development solution.
It will broaden the scope for the people who can own the dream property. This functionality will allow individuals or groups of people to gather a deposit on a future full purchase. This functionality will allow communal investors to share rental income from a shared property or open up an extra income stream. It will open up the gates to more diversified investment allowing people to unlock the value in their homes.
Internet of Things (IoT)
IoT has changed the way we used to live by introducing smart houses, apartments and devices. IoT embedded smart devices are one of the trending property management tools for the real estate industry.
IoT embedded sensors can connect various physical objects located on the properties and provide you with various information. You can display that information on your web development platform for users to automate redundant procedures, detect potential equipment flows, and develop a more robust and informed user experience.
With the usage of IoT technology, you can provide a detailed report to the property manager about the property listed on the web platform. You can send an analytical report such as how many people visited your property digitally and even in person, how much time they have spent on your property. If you have listed your commercial property on rental, the IoT devices can provide details about how their buildings are operating daily from anywhere in the world using secured portals. Apart from this, IoT can also help with decision making to run more efficient operations while cutting costs simultaneously—a winning situation all around.
The above-listed trends are forming a new world providing effortless and quick operations. Leveraging them in real estate web development solutions Canada can provide a remarkable experience to the users. If you are in the real estate business and do not even have a web platform to manage your properties then you are missing so much. You can reach out to the HyperLink Infosystem team with your requirements and we will help you build the most suitable web solution according to your requirements.