NEW YORK, December 4, 2019 — Latch, maker of the first integrated access system for multifamily apartments, today announced their expansion into Canada with a focus on the greater Toronto and Vancouver areas, as well as a partnership with landmark developer and builder Camrost Felcorp. Throughout 2020 and 2021, their devices will be installed in Camrost buildings in Mississauga’s Exchange District, Midtown’s Blue Diamond Condos, and Leaside’s Upper East Village.
Designed to connect every door in the modern building, Latch provides residents and property managers with unprecedented convenience, flexibility, and security through smarter hardware, software, and services. Their base-building and unit-entry products make it easy for people to open, manage, and share their spaces with a single credential, share those credentials with guests and service providers, and prioritize their privacy and security.
In the United States, Latch has saturated the multifamily market through new construction and retrofit projects with industry leaders including Brookfield Properties, Tishman Speyer, AMLI, RXR, Prometheus, Alliance Residential, BPG Group, and more. According to Chief Operating Officer Ali Hussain, the time is now right to expand internationally.
Hussain said that the company chose Canada, where more than 140,000 units are being developed each year, due to its enthusiastic adoption of property technology and fast-growing rental segment, as well as the fact that many of its current customers operate in both countries. “Canada represents a natural expansion for Latch given its size, similarity, and proximity to the U.S.,” he said. “Developers are looking for amenities like smart access that will help them increase their property valuation and meet the needs of their residents. That’s what we do.”
For Camrost, which was looking for solutions that would future-proof its properties and stand the test of time, Latch stood out with its elevated product design and seamless technology. "Originally, the plan was just to use Latch for our projects in the Exchange District,” said Christopher Castellano, head of marketing and sales. “But once we learned more about the technology and the hardware, we saw it was a great fit for quite a few of our projects. Latch is cutting edge now, will be reliable years from now, and offers a product that adds value for residents and for management. We're going to implement Latch in most of our buildings moving forward."
Latch’s full-building solution is now available for both new construction and retrofit projects in Ontario and British Columbia. To learn more about Latch, visit www.latch.com.
Latch makes multifamily buildings better places to live—integrating hardware, software, and services to provide residents and property managers with greater flexibility, convenience, and security. Founded by a group of former Apple employees, the company brought its first products to market in 2016—and today, 1 in 10 new apartments in the U.S. are being built with their devices. With Latch, residents can use a smartphone, keycard, or code to unlock their door, and share temporary access with visitors and service providers. For property managers, a single web-based platform makes it easy to let the right people in, handle lockouts, and oversee staff from anywhere. Latch also partners with service providers including UPS and Walmart’s Jet.com to facilitate in-lobby unattended package deliveries in cities across the country.