CMsd

What CMsd does

CMsd (legally Côté Mercier Conseil Immobilier, operating previously as Côté Mercier Service de Données) is a Quebec-based B2B data platform serving commercial real estate professionals across the province. The web-based portal aggregates Quebec investment real estate transaction records dating to January 1, 2018, tracks all announced commercial, industrial, and high-density residential projects (48+ units), integrates the Quebec Land Register (Registre foncier) with historical document tracking to avoid duplicate document purchases, and layers a socio-demographic engine that maps roughly 3,000 variables per geography using 5–30 minute walking/driving isochrones. The product surface comprises six core tools (Service de recherche de transactions, Suivis de projets annoncés, Terrains spécialisés, Registre foncier Québec, Socio-démographie en immobilier, Ouverture de dossier) plus a suite of five specialized recurring reports covering monthly land balances, quarterly commercial and senior residence diagnostics, quarterly traditional housing, and an annual vacancy study of approximately 8,500 commercial business locations.

The company monetises exclusively through a self-serve subscription portal at cmsd.app, supported by a 30-day freemium trial that does not require a credit card. The go-to-market is sales-led within a narrow professional vertical: licensed Quebec appraisers (évaluateurs agréés), investors, developers, and property managers, with brand-building reinforced through recurring media coverage (FM93, Le Soleil, Journal de Montréal, Journal de Québec), podcast appearances, and co-published annual vacancy studies with industry partners RE/MAX, BTF, HPDG, and CMci. Marketing channels are limited to the website, Facebook, and LinkedIn, and there are no APIs, SDKs, or third-party integrations.

The firm is privately held and owner-operated, with no disclosed funding rounds, no parent company, and a small footprint of approximately 10 employees across a Quebec City headquarters and data-processing operations in Morocco. Philippe Bélanger serves as the data protection officer under Quebec's Law 25. The operating perimeter is deliberately provincial: CMsd positions itself as the primary data service for investment real estate in Quebec rather than pursuing a multi-jurisdiction CRE data play.

Name

CMsd

Legal name

Côté Mercier Conseil Immobilier

Website

https://cmsd.immo

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

1–10 employees

Short description

CMsd is a Quebec-based subscription data platform serving licensed appraisers, investors, and developers with commercial real estate transactions, project tracking, socio-demographic isochrone analysis, and Quebec Land Register integration across the province.

Ownership category

akta.pro rank

Headquarters

HQ city

Quebec

HQ country

Canada

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure, Others

Revenue model

1. Subscription Data Services: Subscription-based access to the CMsd data portal providing real estate transaction data, project tracking, socio-demographic analyses, and specialized reports for commercial real estate professionals in Quebec.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

CMsd provides subscription-based access to a web portal (cmsd.app) delivering Quebec commercial real estate investment data, including comparable transaction research, announced-project tracking, socio-demographic analysis via isochrone mapping, specialized land/constructibility analytics, Quebec Land Registry document management, and property file opening, plus a suite of periodic specialized reports for appraisers, investors, developers, and researchers operating across the province.

Product overview

CMsd operates as a web-based data portal providing investment real estate data services across the entire Quebec territory. The platform consists of six core services: Transaction Search Service (comparable sales generator for commercial properties), Project Monitoring (tracking announced projects in commercial, industrial, and high-density residential sectors), Specialized Land Analysis (detailed constructibility assessment), Quebec Land Register (historical document tracking), Socio-Demographic Analysis (isochrone mapping with 3,000 variables), and Property File Opening (comprehensive property research). The specialized reports portfolio includes five periodic publications: quarterly Senior Residence reports, quarterly Traditional Housing reports, quarterly Commercial Balance reports, monthly Land Balance reports, and annual Vacancy studies. All services are accessible through the web portal at cmsd.app, with transaction data dating back to January 1, 2018.

Differentiator

Problem solved

Functional benefit

Products and services

• Service de recherche de transactions (SRT) Comparable-sales generator providing transaction research for commercial real estate across Quebec, with sale context, adjusted prices, surfaces, city profiles, sale deeds, rates per square foot, buyer/seller information, and PDF/XLS export.
• Suivis de projets annoncés Service that tracks all announced commercial, industrial, and high-density residential (48+ units) projects across Quebec, with developer details, phases, delivery dates, and location information.
• Socio Démographie en immobilier (Sociodemo) Socio-demographic analysis for real estate using isochrone mapping (5-30 minutes by foot or car) across approximately 3,000 variables per geography to define market areas influencing property values.
• Terrains spécialisés Specialized land analysis service providing constructibility data, buildable volumetry, zoning, permitted uses, setback margins, floor area ratios, and potential unit counts for high-density land in Quebec.
• Registre foncier Québec Quebec Land Registry service that maintains historical records of documents purchased by users, prevents duplicate purchases, and provides access to publication journals for all act types registered.
• Ouverture de dossier Property file opening service that compiles organized research files including location, classification, land registry, municipal information, RCTQ data, maps, plans, photos, and supporting documentation.
• Rapports spécialisés Suite of five specialized periodic reports covering Quebec investment real estate: quarterly senior residence report, quarterly traditional housing report, annual vacancy study, quarterly commercial balance, and monthly land balance; custom reports available upon request.
• Rapport Logement traditionnel Quarterly market report providing historical, current, and prospective analysis of traditional housing (condo and rental) across Quebec and by region.
• Rapport Résidence pour aînés Quarterly report on private senior residences (RPA) in Quebec covering market demand, announced supply, openings, closures, and investment analysis.
• Rapport Bilan commercial Quarterly commercial real estate diagnostic for Quebec providing statistical, geographic, and asset class analysis with transaction volumes and rates per square foot.
• Étude d'inoccupation Annual study documenting occupancy patterns of approximately 8,500 commercial business locations on Quebec streets, analyzing commercial occupation trends and urban commercial success factors.
• Rapport Bilan terrain Monthly report providing comprehensive overview of land market transactions across Quebec province with mini-fiche summaries linking to detailed transaction data.

Quantifiable outcome

• Coverage of 8,500 commercial locations in vacancy studies
• +2 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

17 partnerships are on record, tiered core.

• RE/MAXcoreStrategic or Co-development Partner · 30 September 2025Collaboration on the 2025 ÉTUDE D'INOCCUPATION (vacancy study). RE/MAX partnered with CMsd to conduct commercial occupancy analysis for street-level businesses in Quebec, contributing to the comprehensive market study.
• BTFcoreStrategic or Co-development Partner · 30 September 2025BTF collaborated with CMsd on the 2025 vacancy study for Quebec's commercial real estate market, providing industry expertise for the occupancy analysis.
• HPDGcoreStrategic or Co-development Partner · 30 September 2025HPDG partnered with CMsd on the 2025 commercial vacancy study, contributing to the research on street-level business occupancy in Quebec.
• CMcicoreStrategic or Co-development Partner · 30 September 2025CMci collaborated with CMsd on the 2025 vacancy study, providing real estate industry expertise for the commercial occupancy research.
• RE/MAXcoreStrategic or Co-development Partner · 26 September 2024RE/MAX partnered with CMsd on the 2024 ÉTUDE D'INOCCUPATION, the annual commercial vacancy study conducted in collaboration with multiple real estate firms.
• BTFcoreStrategic or Co-development Partner · 26 September 2024BTF participated in the 2024 vacancy study collaboration with CMsd, contributing industry knowledge for the Quebec commercial real estate market analysis.
• HPDGcoreStrategic or Co-development Partner · 26 September 2024HPDG collaborated on the 2024 vacancy study with CMsd for the Quebec real estate market.
• CMcicoreStrategic or Co-development Partner · 26 September 2024CMci partnered with CMsd on the 2024 commercial vacancy study for Quebec.
• HPDGcoreStrategic or Co-development Partner · 4 October 2023HPDG commissioned CMsd to conduct the 2023 commercial vacancy study for Quebec.
• RE/MAXcoreStrategic or Co-development Partner · 4 October 2023RE/MAX partnered with CMsd on the 2023 vacancy study.
• BTFcoreStrategic or Co-development Partner · 4 October 2023BTF collaborated on the 2023 vacancy study with CMsd.
• CMcicoreStrategic or Co-development Partner · 4 October 2023CMci partnered on the 2023 commercial vacancy study.
• HPDGcoreStrategic or Co-development Partner · 19 September 2022HPDG commissioned CMsd for the 2022 vacancy study.
• BTFcoreStrategic or Co-development Partner · 19 September 2022BTF participated in the 2022 vacancy study collaboration.
• CMcicoreStrategic or Co-development Partner · 19 September 2022CMci collaborated on the 2022 vacancy study.
• HPDGcoreStrategic or Co-development Partner · 27 October 2021HPDG commissioned CMsd for the 2021 vacancy study.
• CMcicoreStrategic or Co-development Partner · 27 October 2021CMci partnered on the 2021 vacancy study.

Scale indicators2 records

Recent moves4 records

Expansion highlights4 records

Broad incumbents

• Colliers: Colliers is a global CRE services and investment firm with a research division producing Canadian market intelligence and analytics. It overlaps with CMsd as a Canadian-headquartered CRE services incumbent publishing market research for investors and developers.
• Cushman & Wakefield: Cushman & Wakefield is a major global CRE services firm producing market research, vacancy studies, and investment analytics. It is comparable to CMsd through its commercial market research products, particularly in Quebec and Canadian markets.
• JLL: JLL (Jones Lang LaSalle) is a global CRE services firm with a substantial research and analytics arm. It is comparable as a broader CRE services incumbent that publishes market research, vacancy studies, and data products overlapping with CMsd's specialized reports.
• CBRE: CBRE is the world's largest commercial real estate services firm with extensive research operations. It overlaps with CMsd through CRE market research publications, vacancy data, and analytics targeting institutional investors.

Emerging players

• Cherre: Cherre is an emerging CRE data platform that aggregates property, financial, and market data into analytics workflows for institutional investors and owners. It is comparable to CMsd as a subscription-based CRE data platform, though it targets larger institutional clients and a different buyer persona.

Direct peers

• CoStar Group: CoStar is the dominant North American commercial real estate information and analytics provider with comprehensive property, transaction, and market data. It is a direct peer because it serves the same CRE professional audience with subscription data services that overlap with CMsd's product categories.
• Reonomy: Reonomy (acquired by Altus Group) provides commercial property intelligence, ownership data, and CRE analytics for investors and brokers. It is a direct peer because it sells CRE data and analytics subscriptions to a similar professional buyer profile as CMsd.
• LandVision: LandVision provides commercial real estate mapping, property research, and site analysis tools. It is comparable to CMsd's Specialized Land and Socio-Demographic (isochrone) products, serving CRE professionals evaluating sites and development potential.
• CompStak: CompStak is a commercial real estate comparable sales and lease data platform that crowdsources CRE transaction data from professionals. It is a direct peer to CMsd because both offer subscription-based CRE comparable sales research to appraisers, investors, and brokers with similar delivery mechanisms.
• Altus Group: Altus Group is a Canadian-headquartered provider of CRE data, analytics, and advisory services (and parent of Reonomy). It is a direct peer because it sells Canadian CRE data subscriptions and competitive market intelligence, overlapping directly with CMsd's market and product focus.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/100082894314082
• LinkedInlinkedin.com/company/c%C3%B4t%C3%A9-mercier-service-de-donn%C3%A9es

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 CMsd