The Globe and Mail reports in its Tuesday, Feb. 18, edition that new property technology (proptech) companies regularly approach Colliers Canada with tools they believe could revolutionize construction, building management or energy conservation, according to a company executive. The Globe's Wallace Imen writes that proptech refers to digital platforms aimed at supporting the real estate sector. In Canada, the market is growing quickly, with more than 530 start-ups tracked in 2024, according to a recent report. Colliers Canada's president of real estate management services, John Duda, says: "Proptech can have a big impact in improving revenue as well as saving costs, but it's growing so fast [that] it's hard to keep up with. Our clients were saying they're overwhelmed and don't know where to put their money." To help clients with their buying decisions, Colliers Canada set up an internal program to assess different tools and advise clients on the ones they think would be best-suited to their buildings. Over the past three years, the program has evaluated more than 500 technologies, ranging from artificial intelligence design apps to air-quality sensors and whole-building management systems.