{"id":7589,"date":"2021-08-11T09:56:31","date_gmt":"2021-08-11T13:56:31","guid":{"rendered":"https:\/\/www.teranet.ca\/insights\/leadership-connect-real-estate-with-paul-mcgowan-director\/"},"modified":"2024-07-08T09:27:40","modified_gmt":"2024-07-08T13:27:40","slug":"leadership-connect-real-estate-with-paul-mcgowan-director","status":"publish","type":"post","link":"https:\/\/www.teranet.ca\/fr\/insights\/leadership-connect-real-estate-with-paul-mcgowan-director\/","title":{"rendered":"Leadership Connect \u2013 Real Estate with Paul McGowan, Director"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-4109 alignright\" src=\"https:\/\/www.teranet.ca\/wp-content\/uploads\/2021\/08\/Teranet-PaulMcGowan.jpg\" alt=\"Paul McGowan\" width=\"300\" height=\"300\" srcset=\"https:\/\/www.teranet.ca\/wp-content\/uploads\/2021\/08\/Teranet-PaulMcGowan.jpg 640w, https:\/\/www.teranet.ca\/wp-content\/uploads\/2021\/08\/Teranet-PaulMcGowan-300x300.jpg 300w, https:\/\/www.teranet.ca\/wp-content\/uploads\/2021\/08\/Teranet-PaulMcGowan-150x150.jpg 150w, https:\/\/www.teranet.ca\/wp-content\/uploads\/2021\/08\/Teranet-PaulMcGowan-600x600.jpg 600w, https:\/\/www.teranet.ca\/wp-content\/uploads\/2021\/08\/Teranet-PaulMcGowan-100x100.jpg 100w, https:\/\/www.teranet.ca\/wp-content\/uploads\/2021\/08\/Teranet-PaulMcGowan-140x140.jpg 140w, https:\/\/www.teranet.ca\/wp-content\/uploads\/2021\/08\/Teranet-PaulMcGowan-500x500.jpg 500w, https:\/\/www.teranet.ca\/wp-content\/uploads\/2021\/08\/Teranet-PaulMcGowan-350x350.jpg 350w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>The Canadian real estate market has experienced robust growth despite the slowdown in economic activity resulting from the pandemic.<\/p>\n<p>With low short-term interest rates influenced by the Bank of Canada and a <strong><a href=\"https:\/\/financialservices.teranet.ca\/acton\/attachment\/2216\/f-d28f1666-e62c-4ebf-a518-b48893c84101\/1\/-\/-\/-\/-\/Teranet%20Market%20Insight%20Quarterly%20Report%20Q2%202021.pdf\" target=\"_blank\" rel=\"noopener\">desire to relocate to suburban areas<\/a><\/strong>, Canadian families continue to show strong interest in the real estate market.<\/p>\n<p>As technological leaders and modernizers in the Canadian real estate market, Teranet is proud to have a leadership team that is passionate about innovation, one that is always looking to improve how we deliver solutions to our clients.<\/p>\n<p>In this Teranet Leadership Connect edition, we speak with Paul McGowan, Director of Property Solutions at Teranet, about the innovation and modernization of Teranet\u2019s real estate technology solutions for Ontario real estate professionals.<\/p>\n<p>Paul joined Teranet more than nine years ago. During his tenure at Teranet, Paul has worked closely with the real estate, financial services and government and utility verticals from product development to marketing.<\/p>\n<p>As the Director of Real Estate, Paul ensures that Teranet\u2019s real estate technology solutions align with the needs of customers and the overall real estate market, giving real estate professionals tools and knowledge to streamline the buying and selling process.<\/p>\n<p>Paul says one of the things he enjoys most about his role is that \u201cthe environment and the people we serve are forever evolving.\u201d He especially loves how technology, specifically property technology, is evolving and finding new ways of delivering innovative solutions to real estate professionals and consumers.<\/p>\n<p>As for the future of the Canadian real estate industry, Paul mentioned that some of the key trends include the expansion of consumer portal competition and <strong><a href=\"https:\/\/www.nytimes.com\/2020\/01\/16\/realestate\/ibuying-real-estate-what-it-is-and-where-it-is-happening.html\" target=\"_blank\" rel=\"noopener\">iBuying<\/a><\/strong>. Some other trends include:<\/p>\n<ul>\n<li>Video conferencing, collaboration and other tools that help real estate professionals operate remotely;<\/li>\n<li>The growth of interactive virtual tour technology to help prospective buyers (i.e., as a pre-sale tool).<\/li>\n<\/ul>\n<p>Real estate technology solutions have done well at responding to the trends and challenges in the market. Paul mentions that companies have been expanding their footprints to get closer to their consumers and have more control to capture the broader market share.<\/p>\n<p>In addition, the development of new consumer portals and data consolidated reports and tools provide a comprehensive and transparent user experience for consumers.<\/p>\n<p>Speaking specifically of Teranet\u2019s innovation within the Canadian real estate market, Paul discusses that the drivers of real estate technology enhancements boils down to three items:<\/p>\n<ul>\n<li>Enabling the education of consumers through market insights and intelligence.<\/li>\n<li>Enabling workplace efficiencies and the development of integrated platforms.<\/li>\n<li>Keeping REALTORS\u00ae at the center of every transaction.<\/li>\n<\/ul>\n<p>Teranet recognizes the public wants to be educated and informed throughout their home buying or selling journeys. As a result, Teranet provides many tools that help real estate professionals gain the market insights and intelligence they need to serve their clients better.<\/p>\n<p>For example, Teranet provides the <strong><a href=\"https:\/\/www2.geowarehouse.ca\/\" target=\"_blank\" rel=\"noopener\">GeoWarehouse<\/a><\/strong> solution. Real estate professionals have access to property information for evaluations and validating ownership information.<\/p>\n<p>As for the future of Teranet\u2019s real estate technology solutions, Paul is excited about the launch of <strong><a href=\"https:\/\/www.teranet.ca\/teranet-news\/teranet-inc-joins-with-stratus-data-systems-to-launch-a-revolutionary-new-front-end-multi-list-platform-to-trreb-and-partner-board-members\/\" target=\"_blank\" rel=\"noopener\">REALM<\/a><\/strong> to our first client, the Toronto Regional Real Estate Board later this year.<\/p>\n<p><a href=\"https:\/\/thenewrealm.ca\/\" target=\"_blank\" rel=\"noopener\">REALM<\/a> will help launch Teranet into the Multiple Listing Platform (MLP) space by providing data, connectivity, tracking in an intuitive end-to-end platform.<\/p>\n<p>To stay updated on market trends and Teranet initiatives, connect with us on <strong><a href=\"https:\/\/twitter.com\/teranet_social\" target=\"_blank\" rel=\"noopener\">Twitter<\/a><\/strong> and <strong><a href=\"https:\/\/www.linkedin.com\/company\/teranet-inc.\/\" target=\"_blank\" rel=\"noopener\">LinkedIn<\/a><\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Canadian real estate market has experienced robust growth despite the slowdown in economic activity resulting from the pandemic. With low short-term interest rates influenced by the Bank of Canada&#8230;<\/p>\n","protected":false},"author":2,"featured_media":4109,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[112],"tags":[],"class_list":["post-7589","post","type-post","status-publish","format-standard","has-post-thumbnail","category-leadership-connect"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.4 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Leadership Connect \u2013 Real Estate with Paul McGowan, Director - Teranet<\/title>\n<meta name=\"description\" content=\"In this Leadership Connect, we speak with Paul McGowan, Director of Property Solutions at Teranet, about the innovation and modernization.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.teranet.ca\/insights\/leadership-connect-real-estate-with-paul-mcgowan-director\/\" \/>\n<meta property=\"og:locale\" content=\"fr_CA\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Leadership Connect \u2013 Real Estate with Paul McGowan, Director\" \/>\n<meta property=\"og:description\" content=\"In this Leadership Connect, we speak with Paul McGowan, Director of Property Solutions at Teranet, about the innovation and modernization.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.teranet.ca\/insights\/leadership-connect-real-estate-with-paul-mcgowan-director\/\" \/>\n<meta property=\"og:site_name\" content=\"Teranet\" \/>\n<meta property=\"article:published_time\" content=\"2021-08-11T13:56:31+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-07-08T13:27:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.teranet.ca\/wp-content\/uploads\/2021\/08\/Teranet-PaulMcGowan.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"640\" \/>\n\t<meta property=\"og:image:height\" content=\"640\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Teranet Inc.\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TERANET_SOCIAL\" \/>\n<meta name=\"twitter:site\" content=\"@TERANET_SOCIAL\" \/>\n<meta name=\"twitter:label1\" content=\"\u00c9crit par\" \/>\n\t<meta name=\"twitter:data1\" content=\"Teranet Inc.\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimation du temps de lecture\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.teranet.ca\\\/insights\\\/leadership-connect-real-estate-with-paul-mcgowan-director\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.teranet.ca\\\/insights\\\/leadership-connect-real-estate-with-paul-mcgowan-director\\\/\"},\"author\":{\"name\":\"Teranet Inc.\",\"@id\":\"https:\\\/\\\/www.teranet.ca\\\/#\\\/schema\\\/person\\\/a3473172ca2af8297c96b2abd8056dcd\"},\"headline\":\"Leadership Connect \u2013 Real Estate with Paul McGowan, Director\",\"datePublished\":\"2021-08-11T13:56:31+00:00\",\"dateModified\":\"2024-07-08T13:27:40+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.teranet.ca\\\/insights\\\/leadership-connect-real-estate-with-paul-mcgowan-director\\\/\"},\"wordCount\":565,\"publisher\":{\"@id\":\"https:\\\/\\\/www.teranet.ca\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.teranet.ca\\\/insights\\\/leadership-connect-real-estate-with-paul-mcgowan-director\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.teranet.ca\\\/wp-content\\\/uploads\\\/2021\\\/08\\\/Teranet-PaulMcGowan.jpg\",\"articleSection\":[\"Leadership Connect\"],\"inLanguage\":\"fr-CA\",\"copyrightYear\":\"2021\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/www.teranet.ca\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.teranet.ca\\\/insights\\\/leadership-connect-real-estate-with-paul-mcgowan-director\\\/\",\"url\":\"https:\\\/\\\/www.teranet.ca\\\/insights\\\/leadership-connect-real-estate-with-paul-mcgowan-director\\\/\",\"name\":\"Leadership Connect \u2013 Real Estate with Paul McGowan, Director - 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