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More than 1,000 people are expected to pay as little as a loonie for a stake in the building through Addy a Vancouver-based company offering crowdfunded real estate investments to help even the most cash-strapped Canadians profit from the housing market.
Since 2018, Addy has offered investments in six properties and will soon add another 16, but faces competition from North American rivals NexusCrowd, Fundrise and RealtyShares, which offer crowdfund-based real estate opportunities.
Industry watchers predict more are on their way as housing prices soar in Toronto and Vancouver, but they say prospective investors should do their research even if it s a nominal amount.
Crowdfunded real estate growing, but remember to research before investing: experts - Business News castanet.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from castanet.net Daily Mail and Mail on Sunday newspapers.