The company will instead focus its energies on Toronto and Vancouver where it has already established strong footholds, co-founder and CEO Anshul Ruparell said in an interview with BetaKit.
“There’s a lot of uncertainty across many industries, including real estate, right now, and so putting ourselves in a position to weather an economic storm is obviously top of mind,” Ruparell said.
Read more: Properly announces successful Series B financing round
This recalibration has placed Properly “in a position to play on the offensive should the opportunity arise,” Ruparell said.
“We can’t control inflation or interest rates, or the way the market is going to react.”