CoreLogic Teams Up with Teranet to offer Ontario Property Data in Matrix
IRVINE, Calif., Nov. 7, 2019—CoreLogic® (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today announced an agreement with Teranet Inc. to offer seamless integration of land registry, property data & market insights to Ontario real estate professionals via the CoreLogic Matrix multiple listing platform. Teranet owns and operates the electronic land registration system for the Province of Ontario and Manitoba. Matrix is North America’s most popular multiple listing platform and is used by 24,000 real estate professionals in Ontario.
“The data landscape in Canada is much different than the U.S., particularly regarding access to registry, tax and assessment data,” said Chris Bennett, executive for CoreLogic Real Estate Solutions. “Matrix360, the property-centric version of our flagship solution, combines listing and property data to provide an efficient, integrated workflow. Matrix 360 has been hugely successful since launching in the U.S. last year, but we didn’t have a source of premium property data and insights in Canada—until now. With this strategic alliance in place, CoreLogic can bring the innovations of Matrix 360 to Canadian clients for the very first time.”
The agreement compliments Teranet’s popular GeoWarehouse solution for Realtors® and will continue to be available as the leading standalone source of property information in Ontario.
“Both CoreLogic and Teranet recognized the benefits of working together to provide an integrated experience for Canadian real estate professionals,” said Elgin Farewell, president and CEO of Teranet. “This is a logical collaboration between two market leaders. We’re very excited to be working with CoreLogic to advance the state of real estate in Canada.”
CoreLogic (NYSE: CLGX), the leading provider of property insights and solutions, promotes a healthy housing market and thriving communities. Through its enhanced property data solutions, services and technologies, CoreLogic enables real estate professionals, financial institutions, insurance carriers, government agencies and other housing market participants to help millions of people find, acquire and protect their homes. For more information, please visit www.corelogic.com.
CORELOGIC, the CoreLogic logo and REALIST are trademarks of CoreLogic, Inc. and/or its subsidiaries. All other trademarks are the property of their respective holders.
In Canada, the trademarks MLS®, Multiple Listing Services® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. CoreLogic is not a member of CREA but is authorized to provide certain services to CREA’s members.
Teranet designs, develops and operates world-leading land information systems for the legal, real estate and financial services industries. In addition to owning and operating the electronic land registration system for the Province of Ontario & Manitoba, Teranet has developed specialized offerings to assist real estate agents, lawyers and financial institutions to better manage their decision, document and risk management processes. Recently, Teranet extended its registry services business through the acquisition of D+H Collateral Management Solutions. Teranet is a wholly owned investment of OMERS Infrastructure, the infrastructure investment arm of the Ontario Municipal Employees Retirement System.
For more information about Teranet, visit www.teranet.ca