A new PwC Canada report labels the next 18 months as a “critical window” for real estate firms to advance artificial intelligence strategies.

It comes amid a nationwide housing shortage, where less expensive markets like Winnipeg are drawing Canadians from larger metropolises, said Fred Cassano, a partner with PwC.

He expects AI to speed up home builds: “How we build will be influenced by modern methods of construction powered by tech, which will include AI.”

He’s also noticed artificial intelligence appearing in Canadian real estate operations.

PwC interviewed firms on their artificial-intelligence use for its 34-page Emerging Trends in Canadian Real Estate report. AI is being used as a virtual leasing agent in Vancouver and as a lease extraction tool in Toronto, among other things.

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