PropTx Innovations

Name

PropTx Innovations

Legal name

PropTx Innovations Inc.

Website

https://proptx.ca

Company type

Private

Founded year

2020

Operating status

Operating

Short description

PropTx Innovations is the blockchain-enabled MLS technology subsidiary of the Toronto Regional Real Estate Board, operating the 3rd largest MLS service in North America with 95,000+ users across Ontario real estate boards. It provides the REALM platform and a modular ecosystem of tools to REALTORS, appraisers, and landlords.

Ownership category

akta.pro rank

Product category

Multiple Listing Service (MLS) Software Platform

NAICS

Computer Systems Design and Related Services (54151)

SIC

Real Estate Agents & Managers (For Others) (6531), Services-Computer Integrated Systems Design (7373)

akta.pro primary industry

Mortgage Point-of-Sale (POS) & Borrower Intake Portals (FSALALAD)

akta.pro secondary industry

Title, Settlement & Closing Services Technology (FSALALAK)

Keywords

• MLS platform software
• Real estate data services
• Tenant screening solutions
• Blockchain MLS system
• Property listing technology

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Infrastructure, Marketing or Sales, Supply Chain

Revenue model

1. MLS® Subscription Services: Recurring subscription revenue from real estate boards and their member REALTORS® accessing the PropTx MLS® platform. Members pay for access to the MLS® System with various service tiers including REALM™ or CoreLogic Matrix front-end options.
2. PropTx Verify Tenant Screening: One-time transaction fees for tenant screening reports ordered by landlords, tenants, or REALTORS®, with reports starting at $14.95 CAD per report.
3. Residential Appraisal Subscription: Comprehensive residential appraisal subscription service combining MLS® listing data with MPAC property data, targeting professional appraisers. Eliminates multiple subscriptions and ad hoc report purchases.
4. Premium Service Add-ons: Additional revenue from premium tools including SkySlope Forms and Offers, HoodQ neighborhood data, ListTrac listing analytics, and Habistat market analysis tools offered as add-on services.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels4 records

Core offering

PropTx Innovations operates a blockchain-enabled MLS® technology platform serving Ontario real estate boards, member REALTORS®, and professional appraisers. The core offering is REALM, a mobile-first Multi-List Platform that merges land registry data (via Teranet's GeoWarehouse) with MLS® listing data to deliver a unified property and transaction workflow. The platform bundles an ecosystem of integrated tools including SkySlope Forms/Offers, Fintracker (FINTRAC compliance), HoodQ (neighbourhood analytics), BrokerBay (showing management), PropTx Verify (tenant screening powered by Cove), and AI tools (Restb.ai, SUPREME).

Differentiator

Problem solved

Functional benefit

Brands

• REALM: Modern, mobile-first new national front-end Multi-List Platform (MLP) that merges land registry and MLS data to create a singular and enhanced experience for real estate professionals.
• PropTx Verify
• Fintracker
• SUPREME

Products and services

• REALM® MLS® Platform Mobile-first Multi-List Platform that merges land registry and MLS® data into a singular enhanced experience for real estate professionals, available across desktop and mobile with RESO-compliant backend.
• PropTx Verify™ powered by Cove Secure all-in-one tenant screening solution consolidating credit, income, employment, rental history, and background checks into authenticated reports delivered securely through the PropTx platform. Reports start at $14.95 CAD per transaction.
• MPAC Residential Appraisal Subscription Service Annual subscription service combining PropTx MLS® listing data with MPAC property assessment data for professional residential appraisers. Eliminates multiple subscriptions and ad hoc report purchases.
• Fintracker Identification and verification tool that auto-completes FINTRAC forms by scanning government-issued photo identification, filling 80% of personal information fields. Provides military-grade encryption, AML scrubbing, and full audit capabilities for Canadian privacy and FINTRAC compliance.
• SkySlope Forms Digital real estate forms platform that pre-populates forms with MLS data, auto-populates matching fields, and provides embedded e-signature capabilities at no extra cost for REALTORS.
• SkySlope Offers Digital platform for compiling and comparing property offers in real-time, sorting by price and closing periods, with accept/counter/decline functionality for listing agents.
• ListTrac Listing analytics and performance tracking tool providing metrics on listing views, shares, leads, and favourites across TRREB MLS and public portals including REALTOR.ca and brokerage websites.
• HoodQ Homebuyer Hub Homebuyer research platform providing neighbourhood guides, school information, and a personalized recommendation engine, with 450+ Neighbourhood Guides covering 6.7 million people across 25 GTA municipalities and 2,591,351 unique address report packages.
• BrokerBay Showing scheduling and management platform with electronic lockbox integration that allows real estate professionals to schedule in-person and 3D virtual showings, register offers, and manage documents and property notifications.
• SUPREME AI-powered video generation tool that transforms active MLS® listings into professional marketing videos from photos, with customization options for branding, text, narration, and edits.
• Cotality Property research and client communication platform integrating with Cotality's OneHome client portal and Prospects Mobile app for real estate professionals to research properties and communicate with clients.
• Rental Beast Rental listings platform providing access to millions of rental listings with real-time accuracy and intelligent search tools for renters and landlords.
• Habistat Market analysis tool that helps navigate the housing market landscape by uncovering trends, patterns, and opportunities with customizable analysis library for comparables and property history.
• Secure Authentication Multi-factor authentication delivered via SMS or email for secure access to PropTx-powered services.

Named customers7 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration15 records

AI capability8 records

Feature6 records

Partnerships

Ten partnerships are on record, tiered core, supporting and flagship.

• Municipal Property Assessment Corporation (MPAC)coreStrategic or Co-development Partner · 1 April 2026PropTx partnered with MPAC to launch Ontario's most comprehensive residential appraisal subscription service. The partnership combines PropTx MLS® listing data with MPAC property data including residential square footage into a unified platform accessible through the REALM MLS® application. The service targets professional appraisers affiliated with the Appraisal Institute of Canada and Canadian National Association of Real Estate Appraisers, with subscriptions beginning April 2026. The partnership aims to eliminate multiple subscriptions and ad hoc report purchases, enhancing workflow efficiency for property valuations.
• CovecoreTechnology or Integration · 24 September 2025PropTx launched PropTx Verify™ powered by Cove, a secure all-in-one tenant screening solution. Cove provides the verification and KYC workflow platform enabling real-time verification and screening. The partnership delivers consolidated credit, income, employment, rental history, and background checks into verified reports. Cove CEO Adyan Tanver stated the mission to make verification effortless and reliable for landlords, tenants, and REALTORS® in Ontario.
• Teranet (GeoWarehouse)coreTechnology or IntegrationTeranet's GeoWarehouse® provides authoritative land registry data integrated into the REALM™ platform, combining land registry and MLS® data for enhanced property information. This data partnership enables the singular mobile-first platform experience.
• SkySlopecoreTechnology or IntegrationSkySlope provides Forms and Offers tools integrated into PropTx's platform. SkySlope Forms auto-populates real estate forms with MLS data and includes embedded e-signatures. SkySlope Offers compiles and compares offers on properties in a singular database with real-time tracking. Founded in 2011, SkySlope serves nearly half a million real estate professionals.
• Restb.aisupportingTechnology or IntegrationRestb.ai brings AI-powered computer vision technology to PropTx, analyzing property information to unlock real estate insights. Features include automatic data extraction from listings, enhanced compliance photo detection, photo-matching searches, and auto-populating listing form fields.
• HoodQsupportingTechnology or IntegrationHoodQ Homebuyer Hub provides detailed neighbourhood guides, school information, and personalized recommendation engine for GTA real estate professionals. Includes 450+ Neighbourhood Guides covering 6.7 million people across 25 municipalities, school locator tools, and 2.5M+ address report packages.
• BrokerBaysupportingTechnology or IntegrationBrokerBay streamlines showing scheduling and provides electronic lockbox integration for brokerages. Allows real estate professionals to schedule in-person and virtual 3D showings, register offers, and manage documents and property notifications.
• CotalitysupportingTechnology or IntegrationCotality integrates property research tools with agent-client communication, including OneHome client portal and Prospects Mobile app integrated with Matrix for business conducted anywhere.
• Rental BeastsupportingTechnology or IntegrationRental Beast provides access to millions of rental listings with real-time accuracy and intelligent search tools for renters and landlords, integrated into the PropTx ecosystem.
• Toronto Regional Real Estate Board (TRREB)flagshipStrategic or Co-development PartnerPropTx is a wholly owned subsidiary of TRREB, the world's largest real estate board with 70,000+ members. TRREB created PropTx to build a future-facing MLS® platform leveraging leading-edge technology. TRREB provides the primary customer base and strategic direction for PropTx's MLS® services.

Scale indicators7 records

Direct peers

• CoreLogic (Cotality): CoreLogic's Matrix MLS platform is offered as an alternative front-end inside PropTx, directly competing with PropTx's REALM™ for the same REALTOR® workflow. Both target MLS data, listing search, and agent productivity on a subscription basis across North America.
• SkySlope: SkySlope is integrated into PropTx for Forms, Offers, and DigiSign, serving nearly half a million real estate professionals. It is a direct competitor in digital transaction management, offer comparison, and e-signature workflows that PropTx bundles to its members.
• Teranet: Teranet's GeoWarehouse® land registry data is the backbone of PropTx's REALM™. As Ontario's authoritative land registry data provider, Teranet is both a critical partner and a potential alternative data source for competing MLS platforms in Canada.
• Local Logic: Local Logic provides neighborhood data and location intelligence for real estate professionals, directly comparable to PropTx's HoodQ integration. Both compete to become the canonical 'neighborhood' data layer for MLS platforms and portals.
• ListTrac: ListTrac is a listing analytics and performance tracking tool bundled into PropTx and used across TRREB MLS® and REALTOR.ca. It directly competes for the same listing-intelligence use case and could be unbundled and resold by competing MLS providers.

Broad incumbents

• ShowingTime (Zillow Group): ShowingTime is a leading showing scheduling and management platform for MLSs and brokerages in North America, directly competing with PropTx's BrokerBay integration. Backed by Zillow Group, it represents a much larger incumbent with broader geographic reach.
• Dotloop (Zillow Group): Dotloop is a real estate transaction management platform within Zillow Group, directly competing with PropTx's SkySlope Forms/Offers bundle. It is part of a much larger portfolio of agent tools and competes for the same digital workflow wallet.
• Black Knight / ICE Mortgage Technology: Black Knight (now part of Intercontinental Exchange) provides mortgage and real estate technology including origination, closing, and MLS-adjacent services. It is a broad incumbent whose loan origination and closing tools overlap with PropTx's title-adjacent SkySlope and Fintracker offerings.

Emerging players

• Restb.ai: Restb.ai supplies AI-powered computer vision for listing photos that PropTx is integrating for compliance and auto-population. It is a niche AI player that competes for the same AI-driven MLS workflow use cases and could be sold to a competing MLS vendor.
• Cove: Cove is the Canadian KYC and verification platform powering PropTx Verify™. It is a niche emerging player in identity and tenant screening that could be deployed by competing MLSs and brokerages, making it a partial peer in the verification stack.

Market position

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about PropTx Innovations