New service provides condominium and building concentration insights
MARKHAM, Ontario — (BUSINESS WIRE) — April 11, 2017 — DMTI Spatial, Canada’s market leader in location intelligence and data quality, is pleased to announce the launch of its new Location Hub® service with enhanced condo information provided by Teranet Inc., a leader in Canadian real estate market data. The new Condo Concentration Insights Report makes it easier for companies to better manage their condominium concentration risk through an enhanced condo building database. Also, users can now view a portfolio of assets on a map with customized parameters.
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Business users such as property insurers, lenders and real estate analysts require deep insights on individual buildings in various markets. This new visualization and analytical tool enables them to determine the number of condo buildings in a specific market, the number of units within a condo building, and how many condos and units are in a specific database. Gaining an accurate understanding of the concentration risk in a targeted area creates value by better understanding market share, potential revenue opportunities and risk exposure.
“We are excited to add this enriched data source into Location Hub web services as it provides valuable location-based insights down to the condo building and unit level,” said Paul Franc, general manager, vice president of sales. “This is a key data set our clients value for sophisticated market and risk analysis. Having the ability to understand the number of unique condo buildings and the total number of units with a specific market will give companies involved in this market space the ability to power their analytic/BI needs within critical workflows to help with risk mitigation and market penetration.”
Peter Vukanovich, senior vice president, commercial solutions from Teranet, said that, “We are excited to be DMTI’s data partner and look forward to this innovation and others to come.”
About DMTI Spatial
DMTI Spatial, a member of the Neopost Group, is the Canadian market leader in location-based information and data quality. For more than 20 years, DMTI Spatial has been providing industry-leading location economics and Master Address Management (MAM) solutions to Global 2000 companies and government agencies. DMTI Spatial is the creator of market-leading CanMap® mapping solutions, Location Hub® and maintains the gold standard for GIS location-based data in Canada. DMTI Spatial is headquartered in Markham, Ontario. Learn more at www.dmtispatial.com.
Founded in 1991, Teranet is an international leader in electronic land registration systems and is the exclusive provider of online property search and registration in Ontario and The Property Registry in Manitoba. Teranet’s Commercial Solutions provide access to authoritative market data that allows customers to mitigate fraud and strengthen mortgage, insurance and risk management decisions. Teranet is owned by Borealis, a leading global infrastructure investment manager and the infrastructure arm of the Ontario Municipal Employee Retirement System. Learn more at www.teranet.ca.