Eddy Solutions Partners With FirstService Residential
The agreement brings Eddy's monitored water detection system to residential communities managed by FirstService Residential.
Updated on Nov. 3, 2026 in Construction
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Eddy Solutions and FirstService Residential entered into a master services agreement on January 7, 2026, to bring monitored water detection solutions to residential communities. Eddy currently monitors 30 FirstService Residential-managed communities.
Why it matters
Association budgets are absorbing rapid increases in insurance costs, and property insurance premiums rose 70% between 2019 and 2025, according to ICE Mortgage Technology. The partnership targets water damage, a risk that association master policies can exclude unless endorsements are added.
Eddy reported 145,127 in-building devices installed as of June 30, 2026, up roughly 20% from 120,804 a year earlier. The figures are company-reported, and the stub does not disclose the partnership's financial terms.
The players
Eddy Solutions
Eddy Solutions is a provider of wireless water leak detection and monitoring systems for residential and commercial buildings.
FirstService Residential
FirstService Residential is a property management company that manages residential communities in the United States and Canada.
The details
Eddy's wireless 3-in-1 sensors monitor for water, temperature, and humidity at high-risk points, and the system sends alerts by text and email. Automated shutoff valves can respond to configured thresholds, and Eddy's monitoring service can follow up with designated building contacts and document events through a Leak Incident Report.
Timeline
January 7, 2026: Eddy and FirstService Residential signed the master services agreement.
June 30, 2026: Eddy had 145,127 in-building devices installed.
November 3, 2026: The partnership was announced via GlobeNewswire.
Industry Dynamics
Property insurance premiums rose 70% between 2019 and 2025, according to ICE Mortgage Technology, pressuring association budgets. The Eddy and FirstService agreement reflects a shift toward monitored prevention as insurers and associations look to contain water damage costs.
Residents of associations managed by FirstService Residential may see water monitoring added to their buildings. Association fees have risen for many members, so the cost and coverage implications of any added protection will matter to owners.
The takeaway
Monitored water detection is becoming a practical tool for associations facing higher insurance costs and fees. Owners and boards should ask how any new system affects both premiums and deductibles.
Further reading
Explore more on construction to see how building operators are managing water risk and rising costs.
Source note: This article includes information reported by The Manila times.
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