Owning a home is a dream for many and it is one of the most secure investments when it comes to the home where you permanently live. Despite some economists predicting the real estate market crash, home prices have demonstrated to go up throughout the years with corrections along the way. Today home prices have spiked in many Canadian cities making it difficult to qualify for a mortgage. If you are looking to have exposure to the current real estate market and but can’t qualify for a mortgage, not all hope is lost because you can still have exposure through a unique opportunity called addy (addyinvest.com).
What is addy? addy is a proptech startup that enables Canadians to invest in real estate for as little as $1. addy lists properties for sale on their website. Residents of BC, AB and ON can invest as little as $1 and up to $1,500. There is a maximum investment amount because addy wants to get as many people as possible into their properties. addy is not in the business of helping the rich get richer. If someone wants to invest more than $1,500 they can invest in multiple properties. The $1 is also important to addy as they want to remove barriers to entry, if they had a minimum of $50 they’d be putting up a barrier. Each property has a different term, estimated return and distribution schedule. These details are outlined in the Offering Memorandum (OM) associated with each property. addy operates under the National Instrument 45-106F which is governed by the securities commissions across Canada. Watch this video to learn more: