Montreal-based Local Logic, one of the latest pitches on The Disruptors, wants to help homebuyers, consumers, and travellers make more informed decisions when choosing a location for their new home, storefront, or travel destination.
Local Logic’s solution uses spatial and user-generated data to provide information on the characteristics and attractiveness of a particular neighbourhood or address in cities. In addition to providing data on aspects like access to transportation, shops, and schools, Local Logic helps real estate sites and developers better market the value of different neighbourhoods.
“Through the usage information that we capture, we’re able to have a better understanding of exactly how citizens are using the cities, which enables us to provide meaningful information on market trends,” said Vincent-Charles Hodder, co-founder and CEO of Local Logic. “Our objective is very clear. We want to have an impact on the way that people are using our cities, so by providing them with better information on location characteristics, they can actually make more informed and better quality decisions on where they choose to locate in the city.”
Co-host Amber Kanwar said that Local Logic is interesting because it not only provides consumers with useful information about a prospective neighbourhood, but it can also help realtors and developers improve how they market neighbourhoods, and determine what a neighbourhood is lacking.
“This is an interesting one because it can be consumer facing…but then they’ve got this added component, which probably investors will be more thrilled about, being able to package all that information and sell it to real estate sites and even developers,” said Kanwar.
Watch the full pitch below:
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