RPS Real Property Solutions

What RPS Real Property Solutions does

RPS Real Property Solutions Inc. is a Canadian property intelligence and appraisal management company headquartered in Toronto with a secondary office in Montreal. Operating for over 25 years and wholly owned by Brookfield Business Partners L.P. (NYSE: BBU, itself majority-owned by Brookfield Asset Management Inc. / NYSE: BAM), RPS serves Canadian financial institutions, mortgage brokers, property appraisers, insurers, fintechs, and government policymakers with appraisal management, automated valuations, and housing market intelligence. The company has cumulatively valued 8 million+ unique properties and positions itself as the dominant domestic appraisal management vendor.

The company operates a three-pillar platform. (1) Managed Appraisal Services connects lenders and brokers with a coast-to-coast network of 3,000+ licensed appraisers across 1,600+ Forward Sortation Areas, handling order routing, quality control, compliance, and turnaround tracking. (2) Automated Valuation Models are anchored by the proprietary Cascade multi-model framework, which selects the best-performing commercial-grade AVM per property and region in real time to maximize match rates and confidence scores; a standalone Market Rent AVM provides automated rental estimates at unit and portfolio level via portal or API. (3) The RPS-Wahi House Price Index is Canada's most comprehensive residential price dataset, covering 1,000+ cities and municipalities across five property types at national, regional, and FSA-level granularity, with a free monthly public release and a paid Enterprise tier. Supporting products include the House Price Tracker (automated 6-month post-appraisal client updates for brokers) and the Track My Order feature (real-time appraisal status tracking, launched June 2026).

RPS monetizes through a hybrid model: subscription-based data products (HPI Enterprise, Housing Market Intelligence), transaction fees for managed appraisal orders, and usage-based pricing for AVM API consumption. Go-to-market is segmented by buyer type — enterprise sales teams and account managers target banks and insurers; inside-sales handle broker relationships; and self-service portals (RPS Access for lenders, broker portal, appraiser portal) serve brokers and appraisers. Leadership is headed by CEO Benjy Katchen, with functional VPs across Finance, Products & Technology, Marketing, Operations, HR, and Business Development. The company currently has no disclosed revenue, no public funding events (operating under Brookfield ownership), and operates exclusively within Canada.

Name

RPS Real Property Solutions

Legal name

RPS Real Property Solutions Inc.

Website

https://rpsrealsolutions.com

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

101–250 employees

Short description

RPS Real Property Solutions is a Canadian appraisal management and property intelligence company serving major banks, lenders, brokers, appraisers, insurers, and government clients via a 3,000+ appraiser network, the proprietary Cascade AVM framework, and the RPS-Wahi House Price Index. Owned by Brookfield Business Partners.

Ownership category

akta.pro rank

Product category

Property Valuation Services

NAICS

Offices of Real Estate Appraisers (531320), Offices of Real Estate Appraisers (53132)

SIC

Real Estate Agents & Managers (For Others) (6531), Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

Property Valuation: Appraisal Management (AMC) & Appraiser Networks (FSALALAI)

akta.pro secondary industry

Real Estate Valuation & Appraisal (commercial/residential) (FSAEAHAJ)

Keywords

• Appraisal management services
• Property valuation services
• Automated valuation models
• Housing market intelligence
• Real estate analytics

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Appraisal Management Services: End-to-end appraisal management for lenders including order management, appraiser assignment, quality control, and delivery. Services include managing the appraisal process from order placement through final delivery to financial institutions.
2. Automated Valuation Models (AVM): Real-time property valuations through the Cascade framework and standalone AVM products. Provides instant property value estimates with confidence scores for mortgage lending decisions.
3. Housing Market Intelligence / House Price Index: RPS-Wahi House Price Index data products and subscriptions. Enterprise version provides city and FSA-level data across five core property types. Monthly public releases and premium data subscriptions.
4. Broker Services: Streamlined appraisal management and House Price Tracker for mortgage brokers. Tools to help brokers close deals faster and build client relationships through property value insights.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels6 records

Core offering

RPS Real Property Solutions provides end-to-end appraisal management, automated property valuations, and housing market intelligence to Canada's financial institutions, mortgage brokers, appraisers, insurers, and government policymakers. The company combines a national network of 3,000+ appraisers with proprietary technology (the Cascade AVM framework and the RPS-Wahi House Price Index) to deliver property valuation, appraisal ordering, and housing data services covering 1,600+ Forward Sortation Areas across Canada.

Product overview

RPS Real Property Solutions offers a unified property intelligence platform combining appraisal management, automated valuation models, and housing market data analytics. The core portfolio includes Managed Appraisal Services backed by a coast-to-coast network of 3,000+ appraisers; Automated Valuation Models anchored by the proprietary Cascade multi-model framework; and the RPS-Wahi House Price Index (HPI), the most comprehensive source of Canadian residential price data, available in both a free monthly public release and a paid Enterprise tier with city/FSA-level granularity. Additional products include the House Price Tracker for mortgage brokers (delivering automated post-appraisal value updates), Track My Order for real-time order status visibility, a Market Rent AVM for automated rent estimation, and bespoke Housing Market Intelligence for institutional clients. These offerings serve lenders, mortgage brokers, appraisers, insurers, fintechs, and government policymakers across Canada.

Differentiator

Problem solved

Functional benefit

Products and services

• Managed Appraisal Services End-to-end appraisal management service connecting lenders and mortgage brokers with RPS's national network of 3,000+ appraisers, covering over 1,600 FSAs across Canada. Includes order management, quality control, compliance, and turnaround time tracking for mortgage lending decisions.
• Automated Valuation Models (AVM) Proprietary and third-party automated valuation solutions generating real-time property value estimates with confidence scores for lenders. Includes the Cascade multi-model framework that selects the best-performing AVM per property and region, and a Market Rent AVM providing automated rent estimates for all property types via portal or API.
• RPS House Price Index (RPS-Wahi HPI) Canada's most comprehensive house price index tracking property values across 1,000+ cities and municipalities. Covers national, regional, and FSA-level data for five property types, updated monthly, with long-term trend analysis relative to a January 2005 baseline. Available in public and Enterprise versions.
• House Price Tracker Automated property value tracking tool for mortgage brokers that delivers periodic (6-month) value updates for up to 5 years following a completed appraisal, helping brokers maintain client engagement and generate follow-up opportunities.
• Housing Market Intelligence Custom housing intelligence services for lenders, insurers, fintechs, and policymakers, including market trend analysis, risk management analytics, and regional growth strategy support based on RPS's proprietary property data.

Quantifiable outcome

• 25+ years of industry leadership in property valuation
• +3 more outcomes

Named customers4 records

Segments6 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability3 records

Feature5 records

Partnerships

One partnership is on record.

• Moody's AnalyticscoreStrategic or Co-development PartnerRPS partners with Moody's Analytics to provide Canadian home price forecasts designed to support portfolio planning, scenario analysis, and long-term risk assessment. This partnership combines RPS's Canadian property valuation expertise and housing data with Moody's Analytics forecasting capabilities.

Scale indicators8 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Accurate Group: Accurate Group is a US AMC offering appraisal management, AVMs, and title services to mortgage lenders. Direct peer in AMC services with a technology-forward product portfolio analogous to RPS's Cascade AVM and HPI.
• Class Valuation: Class Valuation is one of the largest US appraisal management companies, providing appraisal management services and technology to mortgage lenders. Direct peer competing in the same AMC-plus-technology category, and a useful comp for RPS's network-led model.
• Veros Real Estate Solutions: Veros is a US appraisal management and AVM technology provider serving mortgage lenders with automated valuation and collateral risk analytics. Direct peer in the appraisal management and AVM space, with similar technology-led positioning to RPS.

Broad incumbents

• ICE Mortgage Technology (formerly Black Knight): ICE Mortgage Technology provides the leading US mortgage technology, origination, and appraisal ecosystem (Encompass, Empower, Collateral Analytics). Comparable as a broad incumbent offering appraisal management and AVM workflows within a wider mortgage technology stack, and a useful analog for RPS's enterprise SaaS ambitions.
• CoreLogic: CoreLogic is a US-based property data and analytics platform offering AVMs, appraisal management, and property intelligence. Directly comparable in product mix (AVMs, property data, AMC services) though focused primarily on the US market, making it a broad incumbent and the most analogous global peer.

Emerging players

• HouseCanary: HouseCanary is a US residential property analytics and AVM company offering valuations, market forecasts, and portfolio analytics. Comparable to RPS's AVM and HPI product lines with a similar data-and-analytics emphasis, though focused on the US market.

Regional players

• Teranet: Teranet is a Canadian provider of land registry and property data services, including the Teranet-National Bank House Price Index. Direct Canadian analog in property data and indices, and the most direct regional peer to RPS's RPS-Wahi HPI.
• Clarocity (now Situs AMC / Clario): Clarocity was a Canadian-headquartered appraisal management and AVM technology company. Historically direct regional peer in Canadian appraisal and AVM, providing a useful cross-border comp for RPS's AMC and AVM operations.

Others

• Equifax Canada: Equifax Canada is a major credit bureau and analytics provider that also distributes property and consumer data products to Canadian financial institutions. Adjacent peer in financial data and analytics, often serving the same lenders as RPS for collateral and credit risk use cases.
• TransUnion Canada: TransUnion Canada provides credit information and analytics, including property and housing data products, to Canadian financial institutions. Adjacent peer in lender-facing data and risk analytics, often co-supplier to RPS's lender customers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/rpsrealpropertysolutions
• Facebookfacebook.com/RPSRealSolutions

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 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 RPS Real Property Solutions