A new website has launched in Canada which aims to give homebuyers greater information about their potential new home.
HonestDoor.com claims a Canadian first in giving details of the last sold price of all houses and condos. It is initially only available in Edmonton but has national expansion ahead, with Calgary, Winnipeg, and Vancouver among its key targets.
“HonestDoor was born out of my own frustration when searching for properties to buy,” said Dan Belostotsky, founder and CEO of HonestDoor. “It seemed wrong that consumers didn’t have access to the information they needed to make informed decisions when this information had been available to Americans for years.
The free resource allows users to find:
Last sold price of a property (residential and commercial)
HonestDoor Price – the latest price estimate for a property
Neighbourhood growth rate
Annual property taxes on the property
Permit data
Transaction history
“Now, Edmontonians can find that information at their leisure and free of any pressure to make quick decisions,” said Belostotsky.
The site uses machine learning and the expertise of a team of data scientists at the University of Alberta and the price tool changes pricing every day or as variables dictate, using the latest data and inputs to provide the most accurate price estimate.
Steve Randall has more than three decades of media experience encompassing online, newspapers, magazines, radio, and podcasts. He focuses on insights and news for professionals in finance, real estate, and legal services. Steve writes for multiple Key Media titles in Canada, United States, Australia, and New Zealand.
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