Toronto-based RealSage, which sells AI-powered data intelligence software to help multi-family rental housing asset managers operate more efficiently, has secured $5.5 million CAD in seed funding.
Residents of a downtown apartment building in Toronto’s Church-Wellesley neighborhood have been without heat and hot water since Dec. 19, when Enbridge shut off the gas due to serious safety concerns relating to the building’s steam boiler heating system.
The living arrangements, known as “dorms for adults,” are on the upswing after declining in the pandemic, and developers are adapting to the renewed interest.