The haul is part of a race by investors to pour money into technology for real estate, or what Silicon Valley now calls proptech. Last year, real estate tech startups raised $3.4 billion in funding, a fivefold increase from 2013, according to startup data provider CB Insights. Until recently, the biggest tech innovations to hit the residential real estate market have come from listing sites like Zillow, which has said it plans to launch in Canada this year, and Redfin. It also eliminates the need for a real estate agent. But Wu does not foresee one thing going away completely: the job of the real estate agent.

Source: thestar September 29, 2018 00:56 UTC