Nichol’s vision goes beyond borders, aiming to help Canadians and Americans navigate the property market.
Let’s help Canadians get into homes. Let’s prove our model and take our concept down South of the border, where obviously there’s a larger population and landmass to work with, ” he said. “You know, because in the beginning, we looked at it and said, ”OK, this is very easy, and it’s this process.” The second person we spoke to, well, it seemed more difficult.
“It would cost a lot more capital in the beginning and such. Now, after meeting people in the US and going through some discoveries, we’ve funneled down to ‘OK, here’s our game plan. Here’s what we need to do. We’ve started XYZ, but we can add in ABC now along the way and make everything more efficient.’'”
Australia is also on the horizon, given the similarities in the financial markets.
Entering a new market is never easy, but it’s even more complicated when crossing borders. “You always have to build that network in advance. You always have to go and look at different people and different experiences to help you navigate it,” Nichol advised.
Source: mpamag.com