Next year, a Canadian real estate consultancy DealCore Properties in Toronto and a Dutch virtual reality company VRTech will be opening a VR venue in Toronto. It is to become a Retail shopping centre, entirely in VR, for pre-construction property available in the local market. Visitors will be able to browse through condos available for purchase prior to being built, walk around them in VR and adjust details such as lighting, flooring, cabinetry and countertops. The venue will be the first of its kind in the world.
DealCore is a real estate development research and consultancy firm that helps developers find and assess properties as well as developing properties on their own. It is seeking to disrupt pre-construction property sales by making condos available for direct examination and configuration by prospective buyers.
VRTech is widely known for its award-winning virtual reality gaming solutions run in over 80 VR venues around the world. The companies have invested over $750.000 into the software and prototype to cut the cost and streamline production and operation of virtual reality content.