Over the past several months we have been working hard to improve your overall PURVIEW experience and would like to take this opportunity to share some recent developments regarding our Quebec data acquisition strategy.
Historically, Teranet has relied on 3rd party relationships to provide the majority of Quebec data used to calculate regional property valuations (AVM’s) as well as power the Teranet-National Bank House Price Index. To ensure we continue to provide quality data to our valued customers, we are currently implementing a direct sourcing option that will improve the timeliness of our Quebec data in particular.
As we transition to this direct sourcing option and repatriate our data in Quebec, the short term supply of Quebec AVM’s may be impacted. Over time, the supply will continuously improve. The Teranet-National Bank House Price Index will however not be impacted by this change and will continue to provide leading insight into the dynamics of a highly varied Canadian market.
As we further integrate this approach, we will continue to communicate any updates with you as they become available.
If you have any questions regarding these recent developments, please speak with your Account Executive or contact us at 1.855.787.8439.
Thank you for the continued confidence you have placed in Teranet as your risk management solution provider.
Your Purview Team