A crowdfunding real estate investment platform born in Vancouver this week revealed that residents in any province or territory in Canada are now eligible to invest in institutional-grade opportunities across North America.
Since launching its first property investment in 2020, addy has enabled tens of thousands of Canadians to invest in dozens of properties—representing more than 100,000 transactions with a total asset value north of $700 million, according to Michael Stephenson, who cofounded the fintech in 2018.
“We are dedicated to creating an inclusive real estate landscape where everyone has the chance to participate in ownership society,” stated Stephenson, who serves as chief executive. “Our track record includes empowering tens of thousands of Canadians to invest.”
The BC firm’s portfolio has expanded in recent years, from BC to Alberta and the US, but investments weren’t available to all Canadians—only select provinces could participate on the platform until this year.
On Halloween, addy officially announced that all residents across Canada are now eligible to invest.
“By opening doors to all Canadians, we are moving closer to our vision of a future where commercial real estate ownership is accessible to everyone,” Stephenson said. “Addy is proud to lead this transformative journey.”
In 2023, for example, the digital real estate investment platform made waves for helping rejuvenate the downtown core of Calgary following a hollowing-out of office space due to the pandemic-fuelled migration to hybrid and remote working models—and the region continues to attract online investment as addy prepares to release two more Alberta opportunities.
Meanwhile, addy’s first-ever US property—a five-year contract with a student housing complex that anticipates an estimated return of 19% with regular payouts—was also recently unveiled.
The first development available to all Canadians through addy is Maple View Heights Apartments in Mission. Investors can “participate in the ownership of the 108-unit purpose built rental development, including 11 affordable rental units.”