Company:Hyyve Inc.
| Type | Private |
|---|---|
| Industry | Real Estate |
| Founded | December 2, 2024 |
| Founders | Patrick Armstrong Kirstin Thomas |
| Headquarters | Etobicoke, Ontario, Canada |
Key people | Patrick Armstrong Kirstin Thomas Christopher Alexander Howard Drukarsh Adam Price Brooke Hicks Dorian Rodrigues Matthew Campoli Daniel Foch |
| Products | Hyyve real estate listing marketplace |
| Website | https://hyyve.ca/ |
Hyyve Inc. is a Canadian real estate technology company headquartered in Etobicoke, Ontario. It operates an innovative online marketplace that connects home sellers with licensed real estate agents through a competitive bidding system. The company is backed by industry veterans like Christopher Alexander, former President of RE/MAX Canada, and Howard Drukarsh, founder of Right at Home Realty.[1][2][3][4][5][6][7][8][9][10]
Products and Services
Hyyve Inc. was founded in 2024 by Patrick Armstrong, an entrepreneur specializing in property technology (proptech). The company officially launched in December 2024, introducing an online bidding marketplace designed to connect home sellers with real estate agents.[2][3][4][7][9][10]
Through the platform, real estate agents compete by submitting proposals that outline their services, fees, upfront payments, perks, and marketing strategies. Unlike traditional lead generation platforms that provide cold leads with low conversion rates, Hyyve enables agents to directly access listing opportunities, engaging with motivated sellers prepared to transact. Additionally, the platform employs a performance-based model, where agents only incur costs if they secure a client, differentiating it from traditional advertising models that require upfront payments regardless of lead conversion.[2][3][4][7][9][10]
Products and Services
Hyyve Inc. offers a range of services to both home sellers and real estate agents:
- Agent Bidding Marketplace: Licensed real estate agents submit proposals to homeowners, highlighting their credentials, marketing plans, track records, regulatory record and client reviews.[2][3][4][7]
- Home & Agent Services Marketplace: Integrated with third-party services such as mortgage brokerage (Frank Mortgage), commission advances (iCommission), and home improvement professionals (Bidmii).[2][3][4][7]
- Transparent Comparisons: Sellers can compare agents’ side-by-side based on services offered, pricing, and past performance metrics.[2][3][4][7]
Business Model
Hyyve Inc. does not charge home sellers for using the platform. Instead, the company generates revenue through service partnerships, agent subscriptions, success fees from the winning agent’s bids, and third-party providers in the real estate ecosystem. The platform is commission-agnostic, empowering agents to showcase their total value—services, experience, marketing strategy, and track record—while setting competitive rates that reflect the full scope of what they bring to the table.[1][2][4][5][8]
Partnerships
In 2025, Hyyve Inc. expanded its Home & Agent Services Marketplace by forming partnerships with Canadian-based real estate service providers. Notable partners include:[1][3][5][7]
- Frank Mortgage – A digital mortgage brokerage platform.
- Bidmii – A contractor matching platform for home improvement services.
- iCommission – A financial service provider offering commission advances for real estate agents.
Market Reception
Hyyve Inc. has gained attention in the Canadian real estate and proptech communities for its novel approach to agent discovery and listing acquisition. The platform has been highlighted for its commitment to improving transparency in real estate transactions and supporting both sides of the market—home sellers and licensed agents.[1][2][5][6][8][10]
Advisory Board
Hyyves Inc.'s advisory board brings together some respected and forward-thinking leaders in Canadian real estate. The key members include:[1][3][4][6][8][9]
- Christopher Alexander (Former President of RE/MAX Canada) – A visionary in franchise growth and agent success.
- Howard Drukarsh (Co-founder of Right at Home Realty) – A disruptor who revolutionized commission models.
- Matthew Campoli (Top-performing agent & digital marketing expert) – A leader in social media and real estate branding.
- Daniel Foch (Chief Real Estate Officer at Valery.ca) – A data-driven strategist and media commentator.
- Brooke Hicks (Top 1% Royal LePage broker) – A digital-savvy influencer and podcast host.
- Adam Price (Marketing & tech executive) – A pioneer in real estate technology and branding.
- Dorian Rodrigues (Luxury broker & founder of The Listing Academy) – A mentor for high-performing agents.
References
- ↑ 1.0 1.1 1.2 1.3 1.4 https://medium.com/@bradley.adam/hyyve-elevating-real-estate-through-excellence-and-innovation-f61909aa6226?source=user_profile_page---------0-------------96e5cdd74d07----------------------
- ↑ 2.0 2.1 2.2 2.3 2.4 2.5 2.6 2.7 https://www.torontotimes.org/hyyve-revolutionizing-real-estate-through-competitive-bidding/
- ↑ 3.0 3.1 3.2 3.3 3.4 3.5 3.6 3.7 https://indibloghub.com/post/hyyve-s-rise-to-success-how-patrick-armstrong-s-vision-transformed-the-real-estate-marketplace
- ↑ 4.0 4.1 4.2 4.3 4.4 4.5 4.6 4.7 https://speromagazine.com/hyyves-innovative-business-model-transforming-canadian-real-estate/
- ↑ 5.0 5.1 5.2 5.3 https://fnnewsonline.com/hyyves-strategic-expansion-a-new-era-for-canadian-real-estate/
- ↑ 6.0 6.1 6.2 https://wordstreetjournal.com/hyyves-vision-for-innovation-reinventing-real-estate-through-technology-and-transparency/
- ↑ 7.0 7.1 7.2 7.3 7.4 7.5 7.6 https://rodney-25.livejournal.com/10087.html
- ↑ 8.0 8.1 8.2 8.3 https://livepositively.com/hyyve-pioneering-innovation-in-real-estate-through-competitive-transparency/
- ↑ 9.0 9.1 9.2 9.3 https://www.sociomix.com/c/lifestyle/hyyve-inc-and-the-quiet-revolution-of-real-estate/1762895783
- ↑ 10.0 10.1 10.2 10.3 https://r345.substack.com/p/success-in-action-what-real-agents
