Eddy Solutions partners with FirstService Residential to bring water detection solutions to residential communities

What happened

Eddy Smart Home Solutions partnered with FirstService Residential to offer monitored water detection to communities managed by FirstService in the United States and Canada. Their master services agreement was signed January 7, 2026, and Eddy currently monitors 30 of those communities.

Confirmed

Global impact / market context

The arrangement could give Eddy access to more residential communities through FirstService’s management network, potentially increasing device deployments and recurring monitoring revenue. For associations facing higher insurance costs, leak detection and automatic shutoff may help limit water losses, though the article does not report savings or contract revenue.

Analyst inference

The article says property insurance premiums rose 70% from 2019 to 2025, while 82% of association members saw fees increase over three years. Some association insurance policies may exclude water damage unless extra coverage, called endorsements, is added.

Confirmed

What to watch

1. Track how many additional FirstService-managed communities adopt Eddy’s monitored sensors and shutoff valves, since deployments would show whether the partnership expands beyond the 30 communities currently served. Analyst inference
2. Look for disclosed contract terms, deployment timing, or revenue contribution; the article gives none, so the partnership’s near-term financial effect cannot yet be quantified. Analyst inference
3. Watch whether Eddy reports evidence that leak detection reduces water losses or insurance claims, which could strengthen associations’ case for spending on prevention amid rising premiums. Analyst inference

Evidence

• globenewswire.com