Latest news with #Hyyve
CTV News
14-07-2025
- Business
- CTV News
New real estate platform aims to create ‘more value for the home seller'
Sorry, we're having trouble with this video. Please try again later. [5006/404] Listing agents and home sellers have traditionally been brought together through referrals, advertising, cold calls and hours of online research. Those systems are outdated and inefficient, says Patrick Armstrong, head of the new Canadian real estate platform Hyyve. Hyyve, which launched earlier this month, connects homeowners with a network of agents who, through a bidding system, compete against each other for the right to create the property's listing. 'When we looked at the residential real estate value chain, everything starts with (a) listing,' Armstrong, Hyyve's CEO and co-founder, told BNN Bloomberg in a Monday interview. 'You can't sell your home without a listing, agents cannot earn commissions without a listing, and you can't get onto the MLS (multiple listing service) without a listing, so for us the listing really has value.' Agents using traditional means of finding listings often struggle to secure solid leads, Armstrong said, adding that returns on their time and capital investment as well as conversion rates are typically low. 'So, we wanted to reimagine how this process starts. What (Hyyve) does is we allow home sellers to post their listing, we'll call it a pre-listing… and they would put it on the platform and solicit bids from agents,' he explained. 'Agents then come into the platform and there's two components to this bid; there's an upfront payment, so how much they are willing to give the homeowner in cash upfront, and more importantly there's a comprehensive sales plan, so how the agent plans on selling your home' Armstrong said that because agents are in competition with each other, they are forced to showcase their value upfront in order to be selected, allowing homeowners to find the best agent for them. 'They're really going to put their best foot forward and bring their A-game to the table. We take all of those bids, and we display it to the home seller in a dashboard where they can really look at these bids and make performance and data driven decisions,' he said. '(That's) instead of what traditionally has happened through referrals. Just because your sister sold a home with an agent five years ago doesn't mean that referral is the best agent or the best agent for you.' By ensuring that a homeowner finds the best listing agent for them and their situation, it maximizes the chance that the home is sold for the highest price possible, said Armstrong, adding that agents have an additional incentive to sell the home since they made an upfront deposit to the seller. Armstrong acknowledged that referrals are still an important part of a listing agent's business but said that Hyyve will allow homeowners to compare a referral to other agent proposals before making a final choice. 'In any sales business, a referral is typically found business, so when a salesperson gets a referral, they don't necessarily come to the table with all the perks and value and their best foot forward that they would in a competitive environment,' he argued. 'What we're saying is you can get a referral and then you can use our platform to benchmark that referral against top agents that want to represent you.' Armstrong said that since launching, Hyyve has delivered on its goal of creating more value for home sellers, while also driving innovation from agents. 'Competition drives better performance, so because agents are now looking and seeing that they are not a referred agent and that they have to earn this business, they're putting creativity at the forefront and they're putting more effort into the listing,' he said. 'All that translates into more value for the home seller. We intend on helping the home seller get the best chance to maximize the final sale price of their home.'
National Post
09-07-2025
- Business
- National Post
Hyyve Launches Canada's First Residential Real Estate Listing-Bid Platform
Article content Article content Launching with 500 select, invite-only agents, Hyyve is Canada's first platform where home sellers receive upfront cash offers and choose their agent based on merit, data, performance, and value Article content Article content TORONTO — Hyyve, Canada's first real estate agent listing-bid and performance-driven platform, is officially live in Toronto, transforming how homeowners connect with real estate agents. The platform is free for sellers to use, enabling them to receive upfront cash and compare side-by-side proposals from top agents competing to earn their listing – a bold, new model putting transparency and performance at the center of the home-selling process. Article content Everything in real estate starts with the listing: homeowners can't sell without one, and agents can't earn commission without it. That makes the listing inherently valuable. Hyyve flips the traditional dynamic by giving sellers control over that value – empowering them with choice, transparency, and leverage – while motivating agents to compete based on merit, service, and commitment. Article content Hyyve only earns a success fee from the winning agent's bid, aligning its interests with both sellers and agents and ensuring the platform is driven by outcomes, not upfront costs. Article content Hyyve launches with 500 select, invite-only realtors and home sellers, underscoring the growing demand for innovation in residential real estate. Backed by a powerhouse advisory board that includes former RE/MAX Canada President Christopher Alexander, Right at Home Realty Co-founder Howard Drukarsh, and Luxe Listings Toronto star Peter Torkan, Hyyve gives agents direct access to motivated sellers, boosting ROI and conversions compared to traditional advertising's often soft, recycled leads. Article content Built for Modern Sellers Article content Sellers can now create MLS®-style pre-listings with photos, videos, and property details, which can be enhanced by AI-powered virtual staging from Hyyve's partner, AI HomeDesign. Secure ID verification with Stripe also ensures trust for both sellers and agents. Article content Sellers receive bids that highlight agent credentials, regulator board compliance, ratings, and value propositions, then sign a standard listing agreement with their chosen agent. The agent's bid is held in trust until the home sells or the listing expires, with full refunds if the seller breaches the listing agreement. Through Hyyve's partnership with iCommission, agents can access commission advances on both signed listings and sales, empowering them to bid upfront without impacting cash flow. Article content Hyyve also streamlines the entire end-to-end home-selling experience by offering integrated legal, financing, renovation, inspection, moving, and insurance services through trusted partners: Ownright (legal closings), Frank Mortgage (financing), Bidmii (renovations), Carson Dunlop (inspections), MoveMate (moving), and Square One (home insurance) – a complete solution built for the modern seller. Article content In tandem with the launch, Hyyve's 2025 Home Seller Insights Survey, released today, reveals that home-selling intentions remain strong. Over half (55%) of Canadians surveyed say they plan to sell their homes within the next two years, and of those who are planning, 70% say the ongoing Canada-U.S. trade war has not influenced that decision. These findings highlight both the opportunity and the need for a more transparent, performance-based approach to real estate. Article content A Growing Demand for Transparency Article content Many Canadians have relied heavily on personal networks when selecting a real estate agent to sell their home. Nearly half (48%) of sellers say they have chosen their agent based on referrals from friends or family. However, among those who sold in the last 12 months, 41% also say they would not use the same agent again, suggesting a notable shift in Canadians' attitudes when it comes to who they trust to sell their most valuable asset. Article content While referrals can feel familiar and convenient, they're not always the right fit. Referred agents often treat the listing as found business, which can result in less competitive effort. In contrast, Hyyve introduces competition – agents bid to earn the listing, creating accountability and alignment with seller expectations. Hyyve can also serve as a powerful benchmark, giving sellers transparency into what other top-performing agents are offering and helping validate whether a referral truly delivers the best value. Article content 'Selling a home is the largest financial transaction most Canadians will ever make, yet many are doing so without the tools or trust they need to feel confident,' said Patrick Armstrong, CEO and Co-Founder of Hyyve. 'This survey reveals that finding a real estate agent is still largely based on referrals, yet nearly half of those surveyed would not use the same agent again. At Hyyve, we believe both home sellers and agents deserve a more transparent, merit-based, data and performance-driven way to connect when selling their most valuable asset.' Article content Knowledge Gaps Persist Article content On average, Canadians keep their homes for around seven to ten years. Yet, the time spent researching significant purchases like a new car or post-secondary education is five times higher than the time spent searching for a real estate agent, selling their most valuable asset. Article content 46% of Canadians spend less than 4 hours researching their real estate agent. 34% dedicate more than 15 hours to researching a new car or post-secondary education (26%). 26% spend 4-7 hours researching new travel destinations. Article content At a time when trust and performance matter most, Hyyve's bold new model brings to light the untapped value of listings, enabling homeowners and real estate agents to connect based on data-driven insights, not guesswork. With commission transparency and upfront value propositions, Hyyve empowers homeowners to sell confidently and agents to stand out in an increasingly competitive market. Article content Hyyve is Canada's first real estate agent bidding platform. Designed to bring transparency and performance to the home-selling process, Hyyve enables sellers to receive cash offers and strategic proposals from verified real estate agents, ensuring agents and homeowners benefit from a streamlined, results-driven process. Launched in Toronto, Hyyve is redefining how listings are valued and approached, creating new opportunities for agents and homeowners alike. Article content Survey Methodology Article content These findings are from a survey conducted by Hyyve from March 31 st to April 2 nd, 2025, among a sample of 569 online Canadians who are members of the Angus Reid Forum. The survey was conducted in English and French. For comparison purposes only, a probability sample of this size would carry a margin of error of +/-4.1 percentage points, 19 times out of 20. Article content Article content Article content Article content Media Inquiries Article content Rachel Dillane Article content Article content Article content
Yahoo
02-06-2025
- Business
- Yahoo
Hyyve and MoveMate Partner to Simplify Real Estate Moves Across Canada
TORONTO, June 02, 2025 (GLOBE NEWSWIRE) -- Hyyve, Canada's first performance-based residential real estate marketplace where top agents bid upfront to earn a home seller's or buyer's business, is excited to announce a new strategic partnership with MoveMate, Canada's leading tech-enabled moving services platform. Both proudly Canadian companies, this collaboration brings seamless, on-demand moving support directly into the Hyyve platform- helping users manage every stage of their real estate journey, from listing and buying to moving day. With MoveMate set to integrate in Q3 2025, Hyyve users will be able to book trusted, competitively priced moving services with ease - whether preparing to list a home, relocating to a new property, or coordinating buyer-side logistics. MoveMate's commitment to speed, reliability, and transparent pricing aligns perfectly with Hyyve's mission to give Canadians more control, choice, and confidence in every transaction. 'Partnering with MoveMate strengthens our commitment to delivering a truly integrated, end-to-end residential real estate experience,' said Patrick Armstrong, CEO of Hyyve. 'Just as agents compete to earn your business on Hyyve, MoveMate brings a customer-first, tech-driven approach to moving. It's a natural extension of what we're building.' Launching in Toronto in June 2025, Hyyve is reimagining how Canadians choose real estate agents by enabling them to bid upfront with cash incentives, customized marketing plans, and flexible commissions. Unlike traditional agent referrals, Hyyve puts sellers and buyers in control - allowing them to compare proposals, see who's truly invested in earning their business, and make an informed choice with no obligation to select an agent. Because agents are competing, they put their best foot forward - delivering stronger offers, clearer value, and greater accountability, rather than assuming the business is guaranteed through a referral. The addition of MoveMate expands that innovation beyond agent selection - right into the moving truck. 'Hyyve is a bold and forward-thinking platform in the Canadian proptech space,' said Lucas Francioli, CEO at MoveMate. 'We're excited to partner with them to make moving simpler, smarter, and more transparent for Canadians.' MoveMate has completed over 35,000 moves across major Canadian cities and maintains a stellar 4.7-star rating on Google - further reinforcing its reputation for trusted service and a user-friendly booking experience. This integration builds on Hyyve's growing network of Canadian strategic partnerships, including Frank Mortgage (mortgages), Ownright (online legal closings), Bidmii (home renovations), AI HomeDesign (AI-enhanced photos and virtual staging), iCommission (commission advances for real estate agents), and Carson Dunlop (home inspections) - positioning Hyyve as Canada's most comprehensive residential real estate marketplace, supporting every step of the real estate journey. To learn more, visit and A video accompanying this release is available at the following link: Contact: Patrick Armstrong, CEO, Hyyve Inc. marketing@ in to access your portfolio
Yahoo
20-05-2025
- Business
- Yahoo
Canada's Leading Home Inspection Firm, Carson Dunlop, Joins Hyyve's Home Services Marketplace
Elevating Trust, Transparency, and Speed in the Canadian Residential Real Estate Journey TORONTO, May 20, 2025 (GLOBE NEWSWIRE) -- Hyyve, Canada's first performance-based residential real estate marketplace - where qualified agents bid to represent home sellers and buyers - is proud to welcome Carson Dunlop, the nation's most trusted home inspection company, to its growing Home Services Marketplace. Built to reinvent how Canadians engage with residential real estate agents, Hyyve empowers sellers and buyers with greater choice, upfront cash, transparency, and control - while helping real estate agents maximize Return on Investment (ROI) by bidding directly on listings they wish to represent, rather than relying on low-conversion, spray-and-pray traditional advertising. Through this new partnership, Hyyve users will soon be able to seamlessly book pre-listing and buyer home inspections from Carson Dunlop - integrated directly into the Hyyve platform as part of a streamlined, end-to-end real estate experience. The Carson Dunlop–Hyyve program is expected to launch in Q3 2025. About Carson Dunlop Founded in 1978, Carson Dunlop has conducted over 200,000 inspections and is renowned for its technical expertise, impartial assessments, and exceptional client service. The company also operates Canada's premier Home Inspection Training Program, trusted by colleges and industry associations nationwide - making Carson Dunlop not just a service leader, but a recognized standard-setter in Canadian real estate. Why Inspections Matter Pre-listing inspections empower sellers to surface and address issues early - helping Hyyve agents bid more confidently on a seller's business and increasing buyer trust. This often leads to faster, smoother transactions. For buyers, inspections provide essential peace of mind by revealing potential property risks before purchase. In both scenarios, Carson Dunlop delivers detailed, easy-to-understand reports that help all parties make informed decisions. Delivering a Seamless, End-to-End Experience The addition of Carson Dunlop advances Hyyve's mission to simplify and modernize the residential real estate process - from agent selection to mortgages, legal closing, home insurance, renovations, and now, home inspections. With Carson Dunlop embedded into the platform, Hyyve users will be able to access gold-standard inspection services with just a few clicks. 'Partnering with Carson Dunlop enhances our ability to deliver a full-service, transparent real estate experience,' said Patrick Armstrong, CEO of Hyyve. 'They're the gold standard in home inspections and we're thrilled to bring their trusted expertise to our users.' 'At Carson Dunlop, trust and clarity are at the core of every inspection we do,' said Karen Yolevski, CEO of Carson Dunlop. 'We're excited to join forces with Hyyve to make high-quality home inspections more accessible to Canadians, right at the moment they matter most. Together, we're empowering smarter real estate decisions.' For more information, visit or A video accompanying this announcement is available at: CONTACT: Media Contact: Patrick Armstrong, CEO, Hyyve Inc. marketing@
Hamilton Spectator
30-04-2025
- Business
- Hamilton Spectator
Hyyve Canada and Ownright Join Forces to Simplify Real Estate Legal Closings
TORONTO, April 30, 2025 (GLOBE NEWSWIRE) — Hyyve , the innovative Canadian real estate marketplace where agents bid for the opportunity to sell a home, has announced a strategic partnership with Ownright (formerly Doormat), a leading digital legal platform for homebuyers and sellers. This collaboration streamlines the final steps of the home-selling process - ensuring a seamless, efficient, and cost-effective closing experience. The Hyyve–Ownright integration is scheduled for the end of Q2 2025, further strengthening Hyyve's end-to-end real estate marketplace. Ownright joins Frank Mortgage, iCommission, AI Home Design, and Bidmii as part of Hyyve's rapidly expanding home services ecosystem - reinforcing the platform's mission to simplify the home-selling journey from listing to legal closing. Hyyve: Reimagining the Residential Real Estate Experience Hyyve is transforming how homes are sold in Canada through a competitive bidding marketplace where qualified real estate agents offer upfront cash and showcase their full value - credentials, regulatory board compliance, client reviews, and tailored marketing plans - to win the listing. This transparent, merit-based approach empowers sellers to choose the right representation while maximizing sale outcomes. By integrating essential home services - including financing, renovations, agent commission advances, virtual staging, and now legal closings - Hyyve is setting a new standard for speed, efficiency, and customer experience in real estate. Hyyve is backed by a distinguished advisory board of industry leaders: Ownright: A Modern Approach to Real Estate Closings Founded in Toronto, Ownright is a digital law service for real estate transactions, designed to simplify home transactions through seamless automation, expert legal guidance, and a client-first approach. With hundreds of five-star reviews, Ownright is trusted for its affordability, transparency, and ease of use - making it an ideal addition to the Hyyve ecosystem. A Major Step Toward a Fully Integrated Real Estate Journey The integration of Ownright marks a pivotal milestone in Hyyve's growth, bridging the final step between offer and ownership. With more partner integrations on the horizon, Hyyve is building Canada's most complete and streamlined real estate marketplace. Robert Saunders, CEO of Ownright, shared his thoughts: 'Hyyve is redefining how real estate transactions happen, and Ownright is proud to be part of this evolution. By integrating our digital legal services with Hyyve's real estate listing bid platform, we're making the closing process smoother, faster, and more accessible for home sellers across Canada.' What's Next? With the Hyyve–Ownright integration going live by the end of Q2 2025, Hyyve continues to expand its network of trusted partners. Sellers and buyers can look forward to a truly seamless and stress-free experience—from listing through closing. For more information, visit To learn more about Ownright, visit
