For decades, Canadian real estate proven itself to be a remarkable investment. However, it’s also been an increasingly difficult investment to get into.
In recent years, technology-forward real estate startups like Addy Invest have launched to lower the barrier to access for everyday Canadians to grab their slice of the real estate pie—including me.
Example: Through Addy, I invested $1,500 into a building hosting Starbucks as a tenant. Why? Well, it was just a few blocks down from my condo, so I knew the place was very busy. Plus I had limited exposure to commercial real estate at the time.
With quarterly dividends and a strong total return, I’m glad I maxed out my investment. But I could have put in as little as $1—and that is the kind of low barrier prop-tech startups like Addy want to offer.
According to Real Estate Works, “Addy’s mission is to enable every human to own property regardless of income, age, gender or background.” The Vancouver-born company uses crowdfunding to achieve this.
After two years, Addy has helped thousands of Canadians buy property for an average investment of $346 across 30,000 transactions. Members have purchased a total of 26 properties for a total asset value of $450 million.
Addy “brings more parity to commercial real estate investing, where deals often aren’t even public,” REW notes.
REW ran a four-part video series on Addy, breaking down the concept of real estate crowdfunding with cofounder Stephen Jagger.
Jagger sat down with REW to talk addy, real estate, crowdfunding, and more across four episodes, which can be viewed free online.