I didn't realize that Saskatoon was a hotbed of software development, but that's where a Facebook real estate application was developed by Point2 Technologies.

Point2, a 100-person company that also has offices in Vancouver, B.C., is a big player in the real estate software industry, producing software for syndicating listings.

That platform was the basis for "Neighborhoods," an application that lets users learn about nearby users and learn about and share information about community events. (Sounds a little like Zillow's community tools; I wonder if the folks there are going to widgetize their stuff for social networks?)

Today Point2 announced that it's selling the "Neighborhood" application to Denver-based media publishing company Local Matters.

The unusual deal is actually more of a partnership, since Point2 will continue to power the application for Local Matters, which will handle the marketing. Financial details weren't disclosed.