Keypr, a digital real estate platform operating in Canada, has announced a partnership with nesto, a digital mortgage lender. This collaboration aims to reduce the financial burden of homeownership for Canadian buyers by offering commission cash refunds, competitive mortgage rates, and free real estate legal fees for eligible transactions.
This initiative allows homebuyers to potentially save tens of thousands of dollars compared to traditional homebuying methods, combining reduced real estate commissions, lower mortgage interest costs, and waived legal closing fees. The partnership addresses a growing trend, with over 55% of Canadians initiating their property searches online, indicating a shift towards self-directed homebuying processes.
Keypr facilitates this shift through a transparent model that integrates AI-powered tools, licensed realtors, and comprehensive services. Buyers utilizing Keypr can manage their homebuying journey digitally, access expert support as needed, and receive up to 80% of commissions refunded. The new partnership with nesto further enhances these benefits by providing exclusive access to market-leading mortgage rates and free legal closings.
John Asher, CEO of Keypr, commented on the partnership, stating, “Keypr is building innovative real estate services that anticipate what home buyers need before they realize they need it, including securing the best deals to lower homeownership costs while providing cash refunds to all clients. Our partnership with nesto is a great example of this as it reduces mortgage interest rates and eliminates legal closing costs. We believe real estate services should do more to drive down the costs of homeownership and our partnership with nesto does just that.”
Martin Aubut, CMO of Nesto Group, added, “At nesto, we believe in leveraging advanced technology to deliver a positive, empowering, and transparent property financing experience – simplified from start to finish. Keypr shares this vision and brings added value to home owners seeking a transparent, end-to-end journey.”
Keypr aims to transform residential real estate by replacing traditional, commission-heavy models with transparent, buyer-centric processes supported by automation, AI, analytics, and expert negotiation. For individuals looking to upgrade their homes, Keypr offers a method to manage searches online, receive expert assistance when necessary, and save thousands of dollars that can be allocated towards renovations or moving expenses. Similarly, for property investors, the platform aims to streamline processes, reduce costs, and enhance returns.
Key benefits of the Keypr platform and its partnerships include an integrated experience that simplifies the entire home purchase process from search to closing. Buyers can achieve significant commission savings, with cash refunds of up to 80% on buyer agent commissions, potentially saving $10,000 to $30,000 or more per transaction. The platform offers full transparency regarding costs, services, and process steps. AI-powered efficiency reduces agent involvement from approximately 50 hours to about 2 hours, allowing Keypr’s network of Realtors® to focus on value-added support. Buyers also benefit from support without pressure, enabling them to initiate homebuying steps on their own timeline and engage with licensed realtors only when specialized expertise is required. The platform offers empowered flexibility, allowing buyers to browse listings, book showings, and begin offers at their preferred pace while still accessing expert support for negotiations and closing.
