An exciting thing will soon happen to Canadian real estate. Overseas investors will be able to check out Canadian real estate properties with the help of virtual reality. Foreign clients can tour condo development projects while donning virtual reality headsets, a report from Global News said.
Invent Dev, a Toronto-based tech firm, transforms floor plans of new real estate projects into 3D mockups that clients can check out using the power of virtual reality such as the Occulus Rift system or through the use of the newest Samsung Gear VR headset.
David Payne, the founder and CEO of Invent Dev said that their project has been getting a lot of positive feedback from Chinese investors. "They are very excited about the potential," he said. "They can now, from the comfort of their own home, view any floor plan that they want, with the finishes they want, and feel like they're actually inside that home."
This technology is already being used by Lifestyle Custom Homes. They used Invent Dev's VR project to create a mockup of their latest development in Toronto's Leslieville community instead of building model units. Still other Toronto-based developers started adapting the new technology earlier this year.
Technology that can be used for this project includes the Matterport Pro RD Samsung Gear 3D camera which has the ability to scan a home and then develop a three-dimensional rendering which is viewable from any web browser.
SpringRealty.ca, has been using online virtual tours since 2013. Ara Mamourian of the popular brokerage said that one of the things that prompted their company to start using the service was an increasing number of overseas buyers. He said that some foreign investors are willing to buy properties such as condominium units even without actually checking them out in person.
"They love this technology because they can essentially walk through the house and actually feel how big the rooms are, or how small the rooms are, without being fooled by that wide-angle lens," he says.
