Lynn Johannson, Advisor, Sustainability and ESG
January 4th, 2024
Lynn Johannson, President of E2 Management Corporation and Catalyst for THE Collaboration
In a care[...]
Real estate crowdfunding in Canada: portal insights for 2017/18
IT Business | Bret Conkin | June 12, 2018
Real estate and fintech have been integrating in exciting new ways in recent years.
Real estate online investment or crowdfunding has been a sector that has attracted significant interest in the U.S. over the last several years, with more than 100 portals launched to serve rapidly growing developer and investor interest. In fact, industry research hub crowdsourcing.org estimates that the industry will be worth more than $300 billion USD by 2025.
Why would developers consider an online and alternative financing route? A big reason, beyond the capital, is the significant marketing benefits that campaigns can generate, including community building.
Check out: GAME-CHANGERS: Crowdfunding real estate projects in the GTA
To investigate where the Canadian market for real estate crowdfunding is going in the next 12 months, we interviewed the two leading portals in Canada, online investment platform NexusCrowd and private equity firm R2 (though R2 notes that they position themselves as an online marketplace or fintech in commercial real estate, not as “crowdfunders”).
Learn more below.
Bret Conkin: How many projects and capital were raised via your portal in 2017? To date in 2018?
Amar Nijar, CEO of R2 Capital & Investments: Since our launch two years ago, R2 has funded 12 projects with $25 million of equity and more than $200 million of debt.
Hitesh Rathod, CEO of NexusCrowd Inc.: In 2017 – three deals worth $2 million. For 2018 to date – one deal worth $1 million, but we’re expecting at least two more deals near term for $3 million in additional capital raised. Keep in mind that we are very selective about the deals we put on the platform and that all deals have been fully subscribed. Of note, two deals closed within four weeks and two deals closed within 2 weeks.
ITB: What are your overall metrics now since the launch of your portal?
R2: We have 2,500-plus investors on our platform, with thousands more on our emails, newsletters, and social media platforms.
NexusCrowd: Eight deals completed, with more than $5 million raised, and more than $240 million in project value.
ITB: What (ballpark) portion of the capital stack has the “online marketplace” contributed to your recent projects?
R2: 75 per cent of the equity we funded has come via online as lead generation or execution.
NexusCrowd: We’ve contributed anywhere between 15 and 100 per cent of the total capital raise (debt or equity) for specific projects. As a percentage of total capital stack (debt and equity required for a project), between five and 20 per cent.
ITB: What was your biggest online raise to date for a project?
R2: Close to $5 million on our $90 million mixed-use project across from Bayview village Mall, located on Sheppard Avenue between Bayview Avenue and Leslie Street in Toronto’s high-end housing area.
See: Blockchain in Real Estate: You Can Now Buy Fraction of House
NexusCrowd: Two projects each raised $1 million. Deal 1 – Debt financing for a town home development in Markham, Ontario. Deal 2 – Preferred equity financing for the development of 10 luxury homes in Richmond Hill, Ontario.
ITB: Has the market for alternative finance unfolded at the pace you expected? Faster? Slower? Why?
R2: Very slow, due to the regulatory burdens of compliance. Currently Canada is not the right country for such innovation, despite the talk by politicians, as it’s not meeting the policy objectives in reality.
NexusCrowd: Slower than expected. It’s a combination of a couple of factors in my opinion – 1) Canadians are generally risk-averse and slower adopters of new products, and 2) Individuals aren’t aware of these alternative methods of investing.
ITB: What do you foresee for real estate “online marketplaces” in Canada over the next 12 months?
R2: Everybody is trying to carve his or her niche. Many think that having an online ID and password-based website with a docusign feature is an “online marketplace.” However, the players who truly engage the digital footprint with their good underlying investments, along with blockchain and security tokens, will be the clear winners over the next four years. Our current model is to provide a balanced risk-return portfolio via our online portal so investors have a dashboard to track their investments in real time. We are aiming to be the first ones in Canada to incorporate blockchain and security tokens into our platform by end of this year.
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Regulation | April 10, 2025 SEC Says Some Fully Backed, Payment-Only 'Covered Stablecoins' Aren’t Securities On April 4, 2025, the U.S. Securities and Exchange Commission (SEC) issued a statement that clarified some U.S. dollar-backed stablecoins may not be considered securities. While the statement was welcomed and creates some breathing room for crypto and fintech projects, the announcement ignited an internal debate at the SEC and many are wondering what's next. Covered Stablecoins The SEC said certain U.S. dollar-backed stablecoins (referred to as 'Covered Stablecoins') are not considered securities if they have all of the following characteristics: Stablecoin must maintain a 1:1 fixed value equal to the U.S. dollar, without fluctuations Each stablecoin must be fully backed by an equivalent amount of high quality assets such as U.S. Treasury bills, cash, or cash equivalents that can be redeemed on demand. These assets must be held in custody and verified regularly No expectation of profit - cannot be promoted as an investment or marketed in a way that leads buyers to expect profit from simply holding the token See: U.S. Senate Moves to Regulate Stablecoins No voting rights, control over the issuer, or shares in any profit or management decisions (no governance) ...
Funding | April 10, 2025 Regulation Crowdfunding Markets Show Tariffs Straining Innovation Economy Regulation Crowdfunding (RegCF) has proven to be a resilient market for early stage entrepreneurs and investors alike. When uncertainty strikes, it's often traditional venture capital that pulls back, while the community-driven model continues to offer early stage start-ups access to capital allowing them to innovate. However, just in from Sherwood (Woodie) Neiss, NCFA Advisor and Principal at Crowdfund Capital Advisors, data shows that tariffs are starting to strain RegCF markets - from March 10 to April 9, 2025: RegCF investment volumes declined by 24% (yoy) to just $57.48 million New campaign launches dropped over 40% Number of investor checks also declined by 15% Average capital raise size dropped to $720,000 (from $1.2 million) Sherwood Neiss, Principal at Crowdfund Capital Advisors: “We’re seeing the first real signs of pullback in what has otherwise been a resilient funding ecosystem. The numbers tell a story not of panic, but of pause. Investors and issuers alike are waiting for clarity—on costs, on policy, and on risk.” Tariffs Introduce New Risks for Early-Stage Companies In a volatile environment where U.S. tariffs are levied one day, and then paused the next, founders must now face ...
Economy | April 10, 2025 Trump Temporarily Halts Tariffs for Most Countries But Keeps Pressure on Canada, Mexico, and China On April 10, 2025, President Trump announced a 90-day pause on most of the newly implemented global trade tariffs after market backlash and political pressure. The break was extended to countries in Europe, Asia, and parts of South America, but Canada, Mexico, and China are still under tariff pressure. Strategic Pause, Not for Everyone While Trump paused the most recent tariffs for over 75 countries, U.S. tariffs still apply to Canada and Mexico primarily on cars and auto parts (25%), steel (25%), aluminum (10%), and some agricultural products like dairy, grains, and processed foods, and continue to affect cross border trade in manufacturing and farming sectors. Trump's pause also didn't apply to China In fact, Tariffs on Chinese good were raised to 125%, as China hit back with an 84% tariff on U.S. goods and filed new complaints with the World Trade Organization. See: Klarna Delays IPO As Markets React to Trump’s Tariffs After the tariff pause was announced, markets surged with the S&P 500 exploding 9.5%, the largest one day gain since World War II, according to Business Insider ...
Funding | April 9, 2025 Toronto’s Tailscale Secures $230M and $2B Valuation for Identity-First Networking On April 8 2025, Toronto-based Tailscale announced that they raised $230 million CAD Series C (about $160 million USD), valuing the company at approx $2 billion CAD. The round was made up of U.S. investors, led by Accel, CRV, Insight Partners, Heavybit, and Uncork Capital, along with some prominent individual investors notably George Kurtz CEO of CrowdStrike (returning investor) and Anthony Casalena CEO of Squarespace. New funds will be used to grow product and engineering teams, expand globally, and improved support for fast scaling customers. Tailscale - A Shift from IP Addresses to Identity Tailscale was founded in 2019 by former Google engineers Avery Pennarun, David Crawshaw, David Carney, and Brad Fitzpatrick, and officially launched in April 2020 to help users connect devices and apps securely without relying on traditional VPNs, IP rules, or firewalls. Tailscale uses a technology called WireGuard which is easy to setup and lets devices connect directly to each other, safely and privately. What's unique about Tailscale is its approach to solving networking challenges. Instead of relying on where a device is located (IP address), it focuses on who or what is connecting. This ...
The National Crowdfunding & Fintech Association of Canada (NCFA Canada) is a cross-Canada non-profit actively engaged with cryptocurrency, blockchain, crowdfunding, alternative finance, fintech, P2P, ICO, and online investing stakeholders globally. NCFA Canada provides education, research, industry stewardship, services, and networking opportunities to thousands of members and subscribers and works closely with industry, government, academia, community and eco-system partners and affiliates to create a strong and vibrant crowdfunding and fintech industry. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: ncfacanada.org
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