Addy

Vancouver-based Addy has been fined $100,000 by the BC Securities Commission for trading real estate securities without registration—marking a notable first ruling on fractional investing in Canada. Addy allowed investors to buy into properties for as little as $1, facilitating $26 million in trades over five years.

The company tried claiming a crowdfunding exemption, but the BCSC found this did not apply. Addy is now seeking registration as an exempt market dealer. As fintech outpaces regulation, legal experts cite “regulatory lag” in adapting securities laws to new investment platforms.

Want to know more? Check out the source code on The Logic.

The decline in downtown commercial property values and reduced demand for office space has prompted developers in Alberta and a BC-based fintech company to introduce innovative solutions.

Peoplefirst Developments has listed their latest project, The Cornerstone, on the addy real estate crowdsourcing platform.

The initiative aims to convert an office building in downtown Calgary into 112 residential units, alongside co-working and retail spaces.

Peoplefirst’s mission aligns with the goal of revitalizing the city’s core by transforming empty office towers into vibrant and attainable residential spaces.

The partnership with addy allows anyone to invest in Calgary’s future growth and development through fractional real estate ownership.

Want to know more? Check out the source code on Techcouver.com.