Toronto Startup Crowdsourcing Home Sold Data; Awaiting Tribunal's decision

TORONTO, Dec. 7, 2016 /CNW/ - The Competition Bureau, TREB and the people of the GTA must wait until Christmas for a decision by the Federal Court of Appeal on the distribution of historical data, namely home sold prices, and the country's push towards encouraging innovation.

But one Toronto start-up, RedDoor, has entered the digital real estate space by providing its community of users information not widely distributed in the city, and furthermore, the country.  

"We found Millennials and tech savvy real estate enthusiasts struggling with making informed decisions when it came time to research and purchase a new home or condo" co-founder Adrienne Scott said.  "In an effort to solve this problem, we've created a mobile app that crowdsources the information people want to know. Like Waze does for traffic or Wikipedia does for encyclopedias. It's almost 2017 and you still can't figure out what the house next door to you sold for without calling a real estate agent. We think there's a crucial role for agents, but people want 24/7 access to this information on their mobile device."  Users are encouraged to add sold prices and property details into the app which organizes the data by neighbourhood.  RedDoor also includes estimated home values on over 200,000 homes and condos across the city.  RedDoor is excited to announce the recent addition of condo functionality after a late spring initial public launch.  

About RedDoor:  RedDoor operates the most popular independent mobile real estate app in the city, where we believe we are always better off with more information.  We do this by providing transparent access through a user friendly, crowdsourced platform; built by the people, for the people. http://www.reddoorapp.com/

Download RedDoor Today at https://itunes.apple.com/ca/app/reddoor/id1082354473

SOURCE RedDoor App

Adrienne Scott, 416-300-7390, [email protected]