Cable / Telecom News

Rogers pulls plug on real estate website Zoocasa

TORONTO – Rogers is shutting down its online real estate brokerage Zoocasa on June 22 as the communications giant refocuses on its core areas of business.According to a Toronto Star report late Tuesday, Zoocasa began as a listing website in 2008 before a 2013 relaunch where it began connecting buyers and sellers with realtors.The report cites a source that estimates that Zoocasa has been losing about $1 million a month for much of the last two years, carrying high administrative and technology platform costs that far outstripped the number of real estate deals“After June 22, 2015, the brokerage will cease to...