Proptech Collective’s 2024 Report: A Testament to Collaboration in a Divided World

The Proptech Collective 2024 Report is a shining example of what that looks like. This report captures the pulse of Canada’s proptech industry, highlighting key trends, investment activity, M&A, and the growing influence of AI in real estate. It also showcases the entrepreneurs and companies shaping the future of the built environment.

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From scaling startups to transforming outdated processes, Canadian proptech companies are redefining what’s possible. Their work is setting new standards for efficiency, affordability, and sustainability. This report not only reflects where the industry stands today but also provides a roadmap for what’s next.

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📖 Read the full report here: Proptech Collective 2024 Report.

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The Growth of Proptech in Canada: Key Insights from the 2024 Report

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Proptech in Canada is evolving at an incredible pace. The 2024 Proptech Collective Report lays out a clear picture of where the industry stands today, highlighting the challenges, opportunities, and innovations shaping the future.

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One of the biggest takeaways from this year’s report is the shift in founder focus. In a market that has seen economic turbulence, rising costs, and shifting consumer expectations, many proptech startups are prioritizing profitability and sustainability over aggressive growth. The days of endless funding rounds with no clear path to profitability are fading. Instead, proptech leaders are building smarter, leaner businesses that deliver real value.

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Market Trends & Investment Landscape

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• Over 530 active proptech companies in Canada, spanning residential, commercial, and construction tech.
• $800M+ raised by Canadian proptech startups in 2024, despite a tougher funding environment.
• M&A is accelerating, with more than 65 acquisitions in the past five years, signaling increased consolidation and industry maturation.

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The Role of AI in Proptech

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AI is becoming a transformative force across the real estate and construction industries. The report highlights how AI is being used to:

• Optimize lead-to-lease processes, making real estate transactions smoother.
• Improve construction project management, enhancing scheduling, risk assessment, and cost estimation.
• Enhance property management, enabling predictive maintenance and smarter energy consumption.

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Proptech isn’t just about creating new companies—it’s about solving real-world problems with technology, efficiency, and better business models. The Canadian proptech ecosystem is doing just that, proving that innovation in real estate isn’t slowing down—it’s evolving.

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The Role of REACH Canada & Bidmii’s Journey

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Scaling a proptech company isn’t just about having a great idea—it’s about execution, industry connections, and the right support system. That’s where REACH Canada comes in. As part of Second Century Ventures and backed by the National Association of REALTORS®, REACH Canada is a powerhouse accelerator designed to help proptech companies scale faster and integrate into the real estate ecosystem.

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Bidmii was fortunate to be part of the REACH Canada program, which has played a crucial role in our growth. Through the program, we’ve had access to:

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✅ Unmatched industry expertise
✅ A network of top real estate professionals
✅ Opportunities to build strategic integrations
✅ Mentorship from leaders who have been in our shoes

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Being part of REACH Canada means standing alongside some of the most innovative companies in proptech. The 2024 cohort was filled with game-changing startups that are pushing boundaries in financing, property management, home maintenance, and more. The relationships built through this program extend far beyond a single cohort—they become long-term partnerships that fuel industry-wide transformation.

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Bidmii’s mission is clear: to become the de facto rails for home improvement and maintenance transactions. Through REACH Canada, we’ve accelerated our efforts, forged key integrations, and positioned ourselves as a trusted solution for real estate professionals, property managers, and homeowners.

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Celebrating Key Industry Moments in 2024

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The Canadian proptech industry isn’t just growing—it’s thriving. This year was packed with major events, game-changing collaborations, and industry-defining conversations. Here are some of the biggest highlights from 2024 that helped shape the ecosystem:

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📍 Vancouver Chapter Launch & Event

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The Proptech Collective Vancouver Chapter officially launched this year, and they wasted no time making an impact. Their inaugural event brought together founders, investors, and real estate professionals to discuss the future of proptech in Western Canada. This was a huge step in expanding Proptech Collective’s national presence, creating new opportunities for collaboration across the country.

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🚀 Proptech Growth Summit

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This year’s Proptech Growth Summit was nothing short of incredible. With 30+ founders and sales leaders in attendance, the event was a masterclass in scaling proptech companies, navigating today’s market challenges, and seizing new opportunities. The level of collaboration and shared insights at this event set the stage for even bigger things to come.

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🎰 Blueprint Conference in Las Vegas

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The Blueprint Conference in Las Vegas is the pinnacle of proptech events, bringing together the top minds in the industry. Canada showed up in a big way this year, with strong representation from across the ecosystem. Seeing Canadian proptech leaders making waves at a global level proves that we’re not just playing in this space—we’re shaping its future.

These events—and the conversations that happened at them—are proof that the proptech industry isn’t slowing down. Instead, it’s gaining momentum, fueled by the connections and partnerships that make real innovation possible.

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Recognizing Our Partners & Community

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Proptech isn’t built in isolation—it’s driven by collaboration, partnerships, and the people who believe in pushing the industry forward. Over the past year, Bidmii has had the privilege of working alongside some of the best in the business, and we wouldn’t be where we are today without the encouragement, advice, and support of so many industry leaders.

A special thank you to Stephanie Wood, Courtney Cooper, and Rachel Hay-Ching Yuen at Alate Partners. Their work on the Proptech Collective Report has helped shine a light on the incredible companies and people driving innovation across Canada. Without them, this report wouldn’t exist, and the industry wouldn’t have the same level of visibility and insight.

Beyond the report, there are countless individuals across the ecosystem who have played a role in supporting Bidmii’s growth—whether through partnerships, integrations, introductions, or simply being champions of what we’re building.

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🚀 Shoutout to the leaders across the industry

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We want to recognize the founders, investors, and industry professionals who have supported us in one way or another. Some have built integrations with us, some have offered guidance, and others have been constant advocates. We look forward to continuing to work with all of you in 2025 and beyond.

• Jesse Abrams (Homewise), Daniel Dubois (Key), Paul Crowe (Metronome), Scott Larter (Opta), Viler Lika, Daniel Kostruba & Mackenzie Wilson (Single Key), Kate Grant (Fasken), Bertrand (Billdr), Roger (Biiibo), Hart Togman (Rent Panda), Mike McAra & Lynette Keyowski (REACH Canada), Patrick Armstrong (Hyyve), Sunil Bansal (Zown), Tomas Ronis & Erin Chan (Rhenti), Amy Ding (Requity), Arunabh Dastidar & Gauranv Madani (Leni), Casey Kachur & Nathan Hauville (Virtuo), Andrew McCloud (Certn), Michael Philips (Quartermaster), Sunni Shannon (Duuo), Daniel Moss (Padder), Seun Sanni (Payfi), Terry Wang (Release), Reuven Gorsht (Deeded), Josh Glow (Gryd), Mallorie Brodie (Bridgit), Andrew Kim (Share), Thomas Park (Reitium), Joe Tolzmann (Rocketplan), Steven Laidlaw (Stelor), Kurtis Cicalo (Voiceflip), Pierre Calzadilla & Mukund Venkatakrishnan (Upfront).

Each of these individuals and companies is helping to build the foundation for a stronger, more connected proptech ecosystem in Canada. The work they’re doing is driving real change, and we’re lucky to be a part of it.

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Looking Ahead to 2025: Building the Future of Proptech Together

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As we move into 2025, one thing is clear: the momentum in Canadian proptech isn’t slowing down. The last year has proven that collaboration, innovation, and execution are what drive this industry forward. The companies and individuals we’ve worked with are solving real problems, building sustainable businesses, and reshaping the way real estate and construction operate.

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For Bidmii, the path forward is clear—we are becoming the de facto rails for home improvement and maintenance in the industry. The demand for seamless, transparent, and efficient project management continues to grow, and we are positioning ourselves as the go-to solution for homeowners, property managers, realtors, and contractors alike.

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We’ve already built integrations with many of the companies in this ecosystem, and we anticipate even deeper collaboration in the year ahead. For the ones we haven’t? Let’s f*ing go.**

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2025: What’s Next?

• Expanding integrations with key platforms in real estate, insurance, and property management.
• Strengthening relationships with partners who are solving real problems across the built world.
• Driving adoption of smarter, more efficient ways to manage home improvement and maintenance.
• Continuing to work with leaders across the industry to push proptech forward.

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Join Us in Shaping the Future

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The Proptech Collective Report is more than just a snapshot of the industry—it’s a blueprint for what’s possible when great people work together to solve big problems. As we look to the new year, we’re ready to build, integrate, and expand alongside the founders, investors, and partners who believe in this space as much as we do.

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📖 Read the full report here: Proptech Collective 2024 Report.

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2024 was a year of growth, learning, and momentum. 2025 is going to be even bigger. Let’s build.

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