It’s no surprise that technology is revolutionizing real estate. Right now, the Vancouver market is undergoing a digital transformation as real estate professionals (brokers, mortgage agents, developers etc.) are embracing groundbreaking technologies to achieve enhanced efficiency and streamlined processes. Jamie Squires, President of Fifth Ave Real Estate Marketing, tells us that the five biggest tech trends currently disrupting the real estate world are: virtual reality, AI-enhanced analytics, process streamlining, fractional ownership models, and blockchain.
No matter who you are, you’ll need to stay up-to-date on how these technologies will affect you and your business in order to avoid falling behind. For agents and brokers specifically, having their sights set on every tech trend currently shaping the industry is of utmost importance. Over 90% of buyers rely on online resources in their home search, so failing to leverage technology in Vancouver’s real estate market is simply not a choice. From virtual tours which enable buyers to explore on-the-go, to 3D models allowing developers, architects, and agents to show homes like never before, and the adoption of blockchain and smart home technology to mitigate fraud risks, innovation is making the industry more accessible, transparent, and effective.
By harnessing these advancements, real estate professionals have the ability to deliver a smooth and customized experience for both buyers and sellers. Needless to say, the Vancouver real estate market holds a promising future, with technology poised to play a leading role in its ongoing growth and evolution.