Sinistar
The sharing economy and its benefits
By Emma Leclerc|2 min|July 2021
Our daily activities are more and more based on the principle of sharing, whether it is through carpooling, renting goods, or community gardens.
But what is the sharing economy?
The sharing economy, or collaborative economy, is the sharing or exchange of goods, services, and even knowledge between individuals with or without the contribution of money.
The adoption of the collaborative economy
In recent years, this system has been greatly favored by the appearance of various electronic platforms for networking or trade that allow users to be grouped according to their needs.
The emergence of this economic system has several benefits for our modern society,
the sharing economy:
- Allows for an emphasis on collaboration, in consumption, production, learning, and finance
- Contributes to a stronger sense of community
- Gives consumers more choice
- Enables the success of the self-employed
- Allows awareness on waste and recycling (sustainable consumption);
- Helps save time, resources, and money
- Allows easier access to a service, a good, etc.
- Allows for a better return on investment
- Allows for an experience adapted to the tastes of the consumers
- Allows to obtain a salary outside the traditional employment circuits
The success of the collaborative economy has been seen for several years, if we look at the figures this is quite obvious. In fact, according to a study by Statistics Canada, the sharing economy is estimated to represent an industry of 1.3 billion dollars annually in Canada. Globally, around 2025, it is expected to reach the threshold of 335 billion dollars.
The sharing economy and Sinistar
At Sinistar, we take a collaborative and innovative business model that allows us to have a better relationship with our customers. Profits are not centralized in one entity but rather distributed among the various intermediaries, including the partners, which allows the entire population to benefit.
Are you wondering how to become a partner? With us, the process of becoming a partner is quick and easy. In addition, our partners have a great deal of freedom within the company, including the ability to set their own prices. Become a partner
Read more
By Nathan Guss|13 min|January 2023
How to become a claims adjuster in home insuranceAre you interested in construction, negotiations and the details of insurance policies? Do you have...
By Nathan Guss|8 min|January 2023
What you need to know about home insuranceHomeowner’s insurance protects the major investment you’ve made in your home. Unless you have an ex...
By Nathan Guss|7 min|December 2022
What homeowner’s insurance coversHave you recently experienced home damage? You have dealt with the emergency and begun assessing th...
By Nathan Guss|8 min|December 2022
Alternatives to Airbnb: home-sharing platforms you should know aboutIn the almost 15 years since Airbnb was founded, many other rental platforms have sprung up. That’s...
By Nathan Guss|9 min|November 2022
Choosing the right temporary home after an insurance claimNeeding to relocate after home damages can be stressful. But sifting through the dizzying assortmen...
By Nathan Guss|5 min|November 2022
How to find temporary housing after making an insurance claimHave you been forced to leave your residence after a fire, water damage or other unfortunate event?...
By Nathan Guss|8 min|September 2022
Short-Term Rentals in Ontario: Rules and Regulations in 2023Last updated: January 2, 2023 In Ontario, the Municipal Act and City of Toronto Act give cities bro...
By Isabelle Ladouceur-Séguin|6 min|December 2021
7 pitfalls to avoid after a lossA disaster is a major ordeal to go through. Not only do you have to clean, replace or restore your ...
By Isabelle Ladouceur-Séguin|6 min|December 2021
How to make your accommodation more invitingCompetition can be fierce in the temporary rental market. To stand out as a host, your accommodatio...