Stay Ahead, Stay Smart!

Smart Buildings - Prevent water damage

Whether you live in a condo or a single-family home, the potential for water damage is real and the issue is a serious one. According to TD insurance, 40% of insurance claims[i] are due to water damage. In addition to significant damage and repairs, water leaks often result in higher water utility bills[ii], as accumulated water charges (as a result of leakage) are significant.
While it is important to be insured against these water damages, there are tools and technology to monitor, mitigate and avoid water damage and leaks. Eddy offers tools and solutions that protect your homes and commercial properties. Not only do these tools save you time and money, but also provide you with the peace of mind that you deserve.
Pemberton Group, the GTA-based multi-residential developer, has significantly benefited by leveraging Intelligent Leak Protection from Eddy Solutions, protecting their properties during all phases of development while transitioning the handover to the Condominium.
In February, Eddy’s IQ meter detected abnormal flow on the heating and cooling water makeup, rising from 11.9 L/minute to almost twice as much. The system sent an alert and triggered the valve to shut down. If the abnormal continuous flow had not been detected in time and the valve was not shut down, then the resulting loss of water would have amounted to almost 30,000 liters by morning.
The water that was saved is just part of the story. Imagine the amount of damage that 30,000 liters (which is the amount of water it takes to fill your average home’s swimming pool) can cause to your property. Later investigation showed that the cause of the leak was a hydronic unit heater located by the vestibule, where a pipe had burst within the wall. The duration of time from when the leak was detected to when personnel could investigate and fix the leak would have meant major damages.
The very next day, there were two more incidents of pipes freezing in the breezeway that resulted in further leaks. Both these leaks were detected immediately and the valves were shut-off immediately saving another 30,000 liters of water and prevented extensive damage from happening. On 2 out of 3 occasions, the incident happened after work hours and the incident could be investigated the next morning. Without a mechanism to stop leaks when they occur, the damage could be severe. The Eddy Home App in your mobile and the Eddy Dashboard place the power in your hands to monitor water usage, remotely shut off your water, and make informed decisions to protect and save.
Proactively managing water risk could save a lot of money, time, and effort. These incidents are proof that we can always stay a step ahead with tools that aid us with real-time access to issues, and prevent major damages before they can happen.
About the Author: Parthi Radha

Parthi Radha is a marketing professional and is currently working with Eddy Solutions as an Events & Digital Marketing Specialist.

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Paul Pathak​


Paul Pathak is a partner of Chitiz Pathak LLP. Paul practices principally in the areas of corporate, securities, corporate finance, mergers and acquisitions and commercial law. He represents and provides sophisticated guidance to private and public corporate clients in a broad range of industries, including mining, technology, manufacturing, venture capital and merchant banking.

George Krieser​


George Krieser founded Total Credit Recovery Limited (“TCR”) in 1980 and is the President and Chief Executive Officer. TCR is the largest 100% Canadian-owned and operated collection agency, solely collecting Canadian debt. George previously served as a Director of Universal Energy. He also served as a member of the board of directors of Baycrest Foundation and as a member of the fundraising committee for UJA Federation of Greater Toronto.
Gary Goodman​
Gary Goodman is a Trustee and Chair of the Audit & Risk committee of Boardwalk Real Estate Investment Trust., a former Chairman of Huntingdon Capital Corp., trustee of Gazit America & Brightpath Early Learning, and is a member of the advisory boards of the Vision Funds. Gary was previously Executive Vice President of Reichmann International where he served as a senior financial executive and trusted advisor for over 30 years.

Chris Gower


Chris Gower started his career in construction on the tools – framing houses, where he grew a deep appreciation for the trades. Prior to his current role as Chief Operating Officer, Buildings at PCL Construction (“PCL”), Chris held positions including construction risk manager, senior project manager, district manager and regional vice president. Throughout his more than 25 years at PCL, he has delivered iconic construction projects across Canada, Australia and the United States.

June Thomson

EVP, Sales, Marketing
& Business Development

June joined the Eddy team coming from Enercare after 10+ years in various roles, most recently as Vice President of the North American Builder Division. June has been in the HVAC industry for over 41 years, holding several roles throughout her career from Technician to Provincial Offences Officer.

Saj Khan

COO & President

Sajid Khan helped launch Eddy Solutions and has been in the role of Chief Operating Officer since inception. With more than 20 years of leadership and operational experience in the home services sector, Saj has held roles such as COO of Eco Energy Service, Vice President of Operations at both National Home Services and Universal Energy.

Boris Baril


With more than 25 years of financial experience, Boris has held both public and private company CFO roles; supported two (TSX listed) initial public offerings (IPOs), debt and equity capital raises, and M&A transactions. Boris graduated from York University and is a CPA, CA.

Mark Silver

CEO & Chairman

Mark L. Silver is President of Optus Capital Corporation. Mr. Silver has made significant real estate investments in both development stage and income producing properties in the residential, commercial and industrial sectors over his 35 year business career. Over the last 22 years, these investments have been made through his company, Optus Capital Corporation. Mr. Silver was a founding partner and Chief Executive Officer of Universal Energy which was sold in 2009 to Just Energy Group Inc. He co-founded Direct Energy Marketing and grew the company to over $1.3 billion in revenues before selling to Centrica PLC (also known as British Gas) in 2000.