VANCOUVER, BC, Nov. 6, 2023 /CNW/ – RESAAS Services Inc. (TSXV: RSS) (OTCQB: RSASF), (“RESAAS” or the “Company”), a leading provider of technology solutions for the Real Estate Industry, has announced a partnership with VectorSolv to bring AmTrust Financial-backed home warranties to RESAAS Agents and their clients. AmTrust Financial is a leading provider of warranty solutions for home, auto, electronics and other industries worldwide.
“Once again, RESAAS has expanded its services that surround the completion of real estate transactions, delivering additional value to RESAAS Agents and their clients,” said RESAAS CEO, Tom Rossiter. “RESAAS is proud to begin working with VectorSolv and AmTrust, together providing a leading home warranty solution to our more-than 600,000 RESAAS Agents.”
RESAAS Agents will earn referral fees for each client referred to a home warranty, allowing them to generate attractive non-transactional revenue.
Subscribers of RESAAS’ top paid-for tier “Ultimate” will earn a higher referral fee.
“Through the use of Artificial Intelligence (AI) and Data Analytics, VectorSolv is enabling RESAAS to deliver a first-of-its-kind home warranty plan to its vast and growing audience of real estate agents and their clients,” said Aleem Lakhani, CEO of VectorSolv. “We are excited to partner with RESAAS given their unparalleled reach across the residential real estate industry.”
VectorSolv and AmTrust joins RESAAS’ other ancillary service partners HUB International Insurance and Rocket Mortgage Canada.
“Real estate agents are one of the primary channels through which home warranty products are sold to homeowners,” said Bruce Saulnier, President of AmTrust Warranty & Speciality Risk. “We saw an opportunity to develop a specialized home warranty plan specifically for RESAAS that is a first for the real estate industry. AmTrust is committed to innovation and offering niche products where we can add significant value.”
Under the terms of the three-year agreement signed on August 3, 2023, RESAAS generates revenue from a royalty on all sales of home warranty policies sold through this partnership, which launches to RESAAS Agents in November 2023.
About RESAAS Services Inc.
RESAAS is an award-winning global technology platform for the real estate industry. With over 600,000 real estate agents utilizing RESAAS in 160 countries, RESAAS enables real-time industry communication, delivers new business opportunities and captures unique real estate data. Some of real estate’s biggest brands leverage RESAAS to provide business intelligence to real estate brokerages, franchises and associations. For more information, please visit www.resaas.com.
About AmTrust Financial Services, Inc.
AmTrust Financial Services, Inc., a multinational insurance holding company headquartered in New York, offers property and casualty products, including workers’ compensation, business owner’s policy (BOP), general liability and specialty insurance, including extended warranty, service contract and non-insurance coverage. For more information about AmTrust, visit www.amtrustfinancial.com
Disclaimer
The TSX Venture Exchange has neither approved nor disapproved the contents of this news release. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
The statements made in this news release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from RESAAS Services Inc.’s expectations and projections.
SOURCE RESAAS SERVICES INC.
For further information: Investor Cubed Inc., Neil Simon, CEO, Email: [email protected], Telephone: +1 (647) 258-3310; Company contact: RESAAS Services Inc., Tom Rossiter, CEO, Email: [email protected], Website: www.resaas.com
HALIFAX – A village of tiny homes is set to open next month in a Halifax suburb, the latest project by the provincial government to address homelessness.
Located in Lower Sackville, N.S., the tiny home community will house up to 34 people when the first 26 units open Nov. 4.
Another 35 people are scheduled to move in when construction on another 29 units should be complete in December, under a partnership between the province, the Halifax Regional Municipality, United Way Halifax, The Shaw Group and Dexter Construction.
The province invested $9.4 million to build the village and will contribute $935,000 annually for operating costs.
Residents have been chosen from a list of people experiencing homelessness maintained by the Affordable Housing Association of Nova Scotia.
They will pay rent that is tied to their income for a unit that is fully furnished with a private bathroom, shower and a kitchen equipped with a cooktop, small fridge and microwave.
The Atlantic Community Shelters Society will also provide support to residents, ranging from counselling and mental health supports to employment and educational services.
This report by The Canadian Press was first published Oct. 24, 2024.
Housing affordability is a key issue in the provincial election campaign in British Columbia, particularly in major centres.
Here are some statistics about housing in B.C. from the Canada Mortgage and Housing Corporation’s 2024 Rental Market Report, issued in January, and the B.C. Real Estate Association’s August 2024 report.
Average residential home price in B.C.: $938,500
Average price in greater Vancouver (2024 year to date): $1,304,438
Average price in greater Victoria (2024 year to date): $979,103
Average price in the Okanagan (2024 year to date): $748,015
Average two-bedroom purpose-built rental in Vancouver: $2,181
Average two-bedroom purpose-built rental in Victoria: $1,839
Average two-bedroom purpose-built rental in Canada: $1,359
Rental vacancy rate in Vancouver: 0.9 per cent
How much more do new renters in Vancouver pay compared with renters who have occupied their home for at least a year: 27 per cent
This report by The Canadian Press was first published Oct. 17, 2024.
VANCOUVER – Voters along the south coast of British Columbia who have not cast their ballots yet will have to contend with heavy rain and high winds from an incoming atmospheric river weather system on election day.
Environment Canada says the weather system will bring prolonged heavy rain to Metro Vancouver, the Sunshine Coast, Fraser Valley, Howe Sound, Whistler and Vancouver Island starting Friday.
The agency says strong winds with gusts up to 80 kilometres an hour will also develop on Saturday — the day thousands are expected to go to the polls across B.C. — in parts of Vancouver Island and Metro Vancouver.
Wednesday was the last day for advance voting, which started on Oct. 10.
More than 180,000 voters cast their votes Wednesday — the most ever on an advance voting day in B.C., beating the record set just days earlier on Oct. 10 of more than 170,000 votes.
Environment Canada says voters in the area of the atmospheric river can expect around 70 millimetres of precipitation generally and up to 100 millimetres along the coastal mountains, while parts of Vancouver Island could see as much as 200 millimetres of rainfall for the weekend.
An atmospheric river system in November 2021 created severe flooding and landslides that at one point severed most rail links between Vancouver’s port and the rest of Canada while inundating communities in the Fraser Valley and B.C. Interior.
This report by The Canadian Press was first published Oct. 17, 2024.
