Real estate agent Shawn Zigelstein remembers a time, just a few years ago, when a printer, scanner and fax machine were the most important tools of his trade. Historically a 'laggard' industryHistorically, the real estate industry has been a "laggard" when it comes to embracing technology, says Frank Magliocco, a partner at PwC Canada who specializes in the housing market. According to PwC, proptech, broadly defined as technology used in the real estate market, was a US$4.6 billion industry in Canada and the U.S. in 2016. Jagger says this type of technology doesn't replace a real estate agent, but like all good technology, it enhances their jobs. However, Toronto realtor Cam Woolfrey says technology isn't going to make the real estate industry obsolete.

Source: CBC News December 30, 2018 16:07 UTC