Real estate company RE/MAX has announced the launch of its new Home Value Estimator in Canada, in partnership with data firm Teranet.
Homebuyers can now log into their profile on REMAX.ca and enter a Canadian location they are interested in. After selecting the desired address from the drop-down menu, the property’s home value estimate will appear at the top of the searched property page.
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“Today’s homebuyers and sellers are savvier than ever, and most do their own research before reaching out to a real estate agent to start the process,” said Christopher Alexander, executive vice president and regional director at RE/MAX of Ontario-Atlantic Region. “A big part of the decision to buy or sell is determining if it makes sense financially. Unfortunately, home values have always been a murky area for consumers, as prices vary dramatically from one city to the next, and even between neighbourhoods within the same city. Our new Home Value Estimator provides that insight on demand, empowering consumers to make an informed decision.”
“We are proud to partner with RE/MAX to bring greater insights to consumers when researching the value of residential properties,” said John Robinson, vice president, commercial solutions at Teranet. “Understanding current market value estimates is crucial when making selling and purchasing decisions. The Home Value Estimator leverages Teranet’s national property information database and sophisticated mathematical models to produce current market estimates for residential properties across Canada. This is yet another example of how Teranet is helping to streamline the buying and selling process for Real Estate professionals and their customers.”