Real estate comparison tool site launched for Canada investors
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07/02/2010 8:00:00 AM
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A new website will offer real estate investors a way to compare the investment potential of real estate properties.
The site aims to present real estate in a similar way to the stocks, says Gooplex.com's president Sebastian Demers.
"Today, stock exchange investors compare company shares based on their price earnings ratio or on their earnings per share," he says. "The next logical step was to offer a website that allows real estate investors the possibility to search for properties by using criteria such as "gross revenue multiplier" or the "municipal property assessment ratio."
The Montreal-based company's site is open to real estate brokers and property owners. Investors can search properties based on their proximity to universities, public transport and hospitals. The choices early on for the young site were limited as of Monday, however. All 13 properties listed now on the site were in Montreal or other parts of Quebec.