HouseSigma is a website and app where you can get an estimate of home values in Canada. It uses AI technology to provide real-time estimates.
I’ve used this several times when researching house prices and find it very useful. Not only is it quick and easy to get started, but it provides a significant amount of information on properties in the areas of Canada where it operates.
In this HouseSigma review, I’ll cover what it is, how it works, the pros and cons, and more. I’ll also look at a few of the best alternatives.
Key Takeaways
- HouseSigma provides up-to-date estimates of property prices in Canada and market trends.
- It’s free to sign up, easy to use, and provides useful data.
- HouseSigma provides a similar service to other property websites like Zolo, Zoocasa, and Zillow.
What is HouseSigma?
Finding the value of your property is important if you want to sell it. Or you might want to find out about property prices in a specific area if you’re considering buying.
A real estate agent is usually the best way to get accurate information, but HouseSigma is a free and convenient alternative.
This website can help you quickly get an estimate of your property’s value. It uses AI technology and other factors to estimate the market value of your home and properties in the surrounding neighbourhood.
How Does HouseSigma Work?
HousSigma uses several tools to determine the value of a property. This includes AI technology along with the features of each property, its location, and details like the sales history, listing prices, and property transfers of other properties in the area.
For some areas, it provides the sales history of properties back to 2003.
You can also search the map to find properties in Ontario, British Columbia, and Alberta and check their valuations and other information.
Obviously, its estimations cannot be 100% correct, but it can give you a good general idea of the value.
You will need to sign up to use it, but there is no cost involved. All you need is an email address and a password. Then you can start using it immediately and get access to lots of info.
It also operates as a real estate brokerage, and you can sell your house with HouseSigma to get more exposure.
Where is HouseSigma Available?
HouseSigma provides property price information for several areas in Canada.
You can use HouseSigma in Ontario, including Toronto, British Columbia, and Alberta, and you can search the map to find properties and explore market trends in these provinces.
While it has a lot of information for these areas, if you’re not in these areas, it won’t be so useful.
HouseSigma Features
There are several features I find useful on HouseSigma. To use these, you must go to the website or app, register with your email address, then go to the HouseSigma login.
Map Search
The Map Search is one of the first places to begin. Here, you can use the map to find properties in the area you are looking at.
You can choose to search for properties for sale or lease.
You can also filter by:
- Property types, including detached, semi-detached, etc.
- Property prices.
- Listing dates, from one day to over 90 days.
- Sold properties from one day to as far back as 2003.
- De-listed properties.
- Other filters like bedrooms, bathrooms, maximum maintenance fee, etc.
You can also set up a Watched Area to receive alerts.
When you find a property that interests you, click it to see the details.
You can find images, a virtual tour, how much it’s listed for, the estimated value, the listing history, a mortgage calculator, cash flow analysis, nearby schools, and more.
Home Valuation
With the Home Valuation tool, enter your property address and set how many bedrooms, bathrooms, garages, etc., it has. You can also add information about its size, the property tax, its width and depth, and more.
You can then generate an estimate for your property value, and you can also send a message and get a free consultation.
Market Trends
The Market Trends section provides a large amount of data that you can browse through.
To begin with, you can choose to view data from the last 5, 10, or 15 years. You can also set the area and community and then choose a property type.
You can then see the median price for the month, the number of new listings, and the value change over 1, 5, and 10 years.
There are also several charts to explore, including:
- Median Sold Price
- Sold & Active Listings
- Sold Price Distribution
- Investor Demand
- Median Rental Price
HouseSigma Pricing
HouseSigma is free to use. All you need to sign up is an email address and a password. Once you have created an account, you can start using all the features.
HouseSigma Alternatives
HouseSigma is not the only website of its kind, and there are several real estate apps and websites in Canada.
It’s worth checking a few different ones when you are doing your research. Three of the best HouseSigma alternatives I use are Zolo, Zoocasa, and Zillow.
Zolo
Zolo Canada is the biggest independent real estate marketplace in the country, with over 10 million people using it each month.
It provides listing information for properties as well as updated market trends. You can search by exact address or city and you can filter by house type, bedrooms, price, etc. It also has a home valuation tool you can use to get an estimate of your home’s value.
Zoocasa
Zoocasa is a real estate company that provides a brokerage service and search tools if you want to buy or sell a home.
It features listings across the country, and you can search properties for sale and rent, see selling prices over time, and get market insights.
Zillow
Zillow is a US company, but it has now expanded into Canada. You can search listings in a specific area and find information about properties, including photos, listing prices, and more. When you find a property you like, you can contact an agent directly.
Pros and Cons of HouseSigma
Pros
- Quick and easy to sign up.
- Easy to use and access data.
- Access a large amount of information on house prices.
- A good starting point when you are researching property prices.
Cons
- Does not provide information for the whole of Canada.
- Estimates should not be considered as accurate as appraisals.
Should You Use HouseSigma?
HouseSigma is a useful tool for anyone researching house prices. I’ve used it several times and find it easy to use and useful.
It’s completely free to use, and there’s a lot of data on the site. It’s flexible, so you can use it how you wish, whether you want to find out the estimated value of your own property or you plan to buy a property in a specific area.
It’s only really useful in a few areas of the country, so this will impact whether you use it or not.
One thing to keep in mind is that you should not consider the estimates as 100% accurate. It’s better to get an appraisal from a real estate agent, but HouseSigma can certainly prove to be a good starting point.
FAQs
HouseSigma provides estimates using AI and other technology, but you should expect some room for error.
HouseSigma was co-founded by Reed Zhao and Joseph Zeng, who is also the CEO.
Yes, it is free to sign up to HouseSigma and use it to access data on property prices.
HouseSigma gets its data from various sources, including sales histories and listing prices. It also uses AI technology to help determine estimates.
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