Resurgam Financial has invested in a number of entrepreneur-led companies in their early stages across a wide range of industries, including finance and technology.
According to Julian Pucci, a sales agent specializing in pre-construction condos, his sales have tripled since he partnered with 3D CityScapes.
“Being able to see what the views will look like from the 20th floor balcony during the night, or during the day, being able to experience a variety of finishes before anything is built, it helps tremendously from a sales aspect,” says Pucci. “I gladly changed my entire business model based on this technology.”
“We found 3D CityScapes to have the highest-quality digital interactive environment applications available in the world, and are very excited to partner with them,” says Michael De Gasperis, President & CEO of Arista Homes and Vice President of the TACC Group of Companies. “Take it from somebody with decades of experience [in real estate and property development]. This is the direction the industry is going, and you will not want to be left behind. The technology is simply extraordinary and the very best I have ever seen to advance project approvals and communicate with our purchasers.”
A new round of seed funding for 3D CityScapes led by Belsher and De Gasperis, who are also joining the board, was announced today.
This round of funding will be used to further develop 3D CityScapes’ applications. Specifically, the areas that the company will focus on are:
Scaling cloud-based streaming, which will give its users access to real-time GPU rendering capabilities needed to run the company’s applications, and eliminate the need for customers to purchase the expensive hardware themselves.
Allow high-performance application that was previously confined to niche industrial installations (i.e. touch displays, VR headsets, 3D visualization of cities, buildings, and interiors) to be available on any device, at any time provided they have an internet connection.
Complete a 1-to-1 scale virtual 4K environment of Toronto to be the first virtual ultra-high quality city environment available for exploration online.
Expanding hyper-realistic 3D visual platform to transit, academia, engineering, tourism, social, retail, virtual conferences, security, defense, law enforcement, emergency response, and news broadcast.
Scaling the A.I. division of company, which will help facilitate the automation of building processes for hyperrealistic 3D environments.
“We are building a digital twin of the entire world,” says Raza Jafri, Founder and CEO of 3D CityScapes. “The implication is that we will provide an entirely new way of exploring, and visualizing data. There’s tremendous value in having this available for cloud streaming.”
Since being founded in 2019, 3D CityScapes has successfully completed its pre-seed and seed round funding, and partnered with prominent Canadian developers, real estate companies, municipalities, and law firms. In October, the company finalized deals with one of the largest resorts in Orlando, Florida, and a master planned community in Malaysia.
About 3D CityScapes: 3D CityScapes Inc. is a technology company based in Canada specializing in building 3D Interactive Cities and environments using architecture plans and maps, creating dynamic interactive experiences of global projects in 4K. Founded in 2019, 3D CityScapes works with Property Developers, Municipalities, Urban Planners, and Architects to provide ultra realistic interiors and exteriors of buildings allowing its clients to experience projects before they are built.
OTTAWA – The Canadian Real Estate Association says the number of homes sold in August fell compared with a year ago as the market remained largely stuck in a holding pattern despite borrowing costs beginning to come down.
The association says the number of homes sold in August fell 2.1 per cent compared with the same month last year.
On a seasonally adjusted month-over-month basis, national home sales edged up 1.3 per cent from July.
CREA senior economist Shaun Cathcart says that with forecasts of lower interest rates throughout the rest of this year and into 2025, “it makes sense that prospective buyers might continue to hold off for improved affordability, especially since prices are still well behaved in most of the country.”
The national average sale price for August amounted to $649,100, a 0.1 per cent increase compared with a year earlier.
The number of newly listed properties was up 1.1 per cent month-over-month.
This report by The Canadian Press was first published Sept. 16, 2024.
MONTREAL – Two Quebec real estate brokers are facing fines and years-long suspensions for submitting bogus offers on homes to drive up prices during the COVID-19 pandemic.
Christine Girouard has been suspended for 14 years and her business partner, Jonathan Dauphinais-Fortin, has been suspended for nine years after Quebec’s authority of real estate brokerage found they used fake bids to get buyers to raise their offers.
Girouard is a well-known broker who previously starred on a Quebec reality show that follows top real estate agents in the province.
She is facing a fine of $50,000, while Dauphinais-Fortin has been fined $10,000.
The two brokers were suspended in May 2023 after La Presse published an article about their practices.
One buyer ended up paying $40,000 more than his initial offer in 2022 after Girouard and Dauphinais-Fortin concocted a second bid on the house he wanted to buy.
This report by The Canadian Press was first published Sept. 11, 2024.
MONTREAL – The Quebec Professional Association of Real Estate Brokers says Montreal-area home sales rose 9.3 per cent in August compared with the same month last year, with levels slightly higher than the historical average for this time of year.
The association says home sales in the region totalled 2,991 for the month, up from 2,737 in August 2023.
The median price for all housing types was up year-over-year, led by a six per cent increase for the price of a plex at $763,000 last month.
The median price for a single-family home rose 5.2 per cent to $590,000 and the median price for a condominium rose 4.4 per cent to $407,100.
QPAREB market analysis director Charles Brant says the strength of the Montreal resale market contrasts with declines in many other Canadian cities struggling with higher levels of household debt, lower savings and diminishing purchasing power.
Active listings for August jumped 18 per cent compared with a year earlier to 17,200, while new listings rose 1.7 per cent to 4,840.
This report by The Canadian Press was first published Sept. 6, 2024.
