The billion-dollar value of real estate data

Such is the value of real estate data that one of Canada’s information providers could be valued as high as $1 billion.

Real Matters is launching an IPO this fall which could raise as much as $200 million, BNN reports, which could mean a valuation of a billion dollars. The firm’s data includes appraisals, mortgage closings and title searches and is used by mortgage lenders, banks and insurers.

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