Real estate has become contested terrain in cities like Vancouver and Toronto. We've all grown used to many stories of families that were priced out of established neighbourhoods and fantastic communities made into expensive playgrounds. In the process of this people with good jobs have been locked out of their dreams of ever owning a home in the communities where they live.
LendingClub, Airbnb, Lyft and Taskrabbit and plenty of similar sharing platforms have shown what is possible when you take the middlemen out of the transaction process and start using smart, scalable technology instead. Without having to pay the fees to intermediaries, prices for the end users go down. Transactions also become more human as buyers and sellers can interact directly with each other, rather than through corporate representatives.
Financial Post, (2018).