Contribution: Industrial Research Assistance Program – Contributions to Firms
Zown Realty Inc.
$75,000.00
Analyzing the Effects of Renovations on Real Estate Market Predictions
FY 2023-24 · 2023-07-01
Summary
Main project aims are to examine the impact of renovations on home valuations and the extent to which they contribute to added value. Additionally, further investigation will be done regarding to which specific renovations contribute to faster selling times and higher sale prices. A comprehensive dataset of properties sold within the past 20 years will be analyzed with a focus on the renovations undertaken. The project will help gain insights into the most effective renovations for maximizing value and expediting home sales.
Department
Program
Industrial Research Assistance Program – Contributions to FirmsIndustrial Research Assistance Program-Contributions to Firms (linked with high confidence)
Recipient
Location
Scarborough|Scarborough, Ontario, Canada
Recipient Type
For-profit organization
Business Number
731586905
Type
Contribution
Source
Proactive Disclosure - Grants and Contributions
Amendments
Each version of the agreement as published, oldest first, with its total as of that version. The amount above is the latest.
| Amendment | Date | Fiscal Year | Total |
|---|---|---|---|
| 0 | 2023-07-01 | 2023-24 | $75,000.00 |
| 1 | 2023-07-01 | 2023-24 | $75,000.00 |
As published
Additional Information
This agreement has been amended 1 time(s). The end date of this agreements has been modified by 60 days.
Additional Information (French)
Cet accord a été modifié 1 fois La date de fin du présent accord a été changé de 60 jours.
Agreement End Date
2024-03-31
Agreement Number
1007376
Agreement Start Date
2023-07-01
Agreement Title
Analyzing the Effects of Renovations on Real Estate Market Predictions
Agreement Title (French)
Analyse des effets des rénovations sur les prévisions du marché immobilier
Agreement Type
Contribution
Agreement Value
$75,000.00
Amendment Date
2024-01-25
Amendment Number
1
Coverage
IRAP Contributions to Firms projects stimulate wealth creation for Canada through technological innovation. | Les projets des Contributions aux entreprises stimulent la création de richesse au Canada grâce à l’innovation technologique.
Description
Main project aims are to examine the impact of renovations on home valuations and the extent to which they contribute to added value. Additionally, further investigation will be done regarding to which specific renovations contribute to faster selling times and higher sale prices. A comprehensive dataset of properties sold within the past 20 years will be analyzed with a focus on the renovations undertaken. The project will help gain insights into the most effective renovations for maximizing value and expediting home sales.
Description (French)
Les principaux objectifs du projet sont d’examiner l’impact des rénovations sur l’évaluation des maisons et la mesure dans laquelle elles contribuent à la valeur ajoutée. En outre, des recherches plus approfondies seront menées pour déterminer quelles rénovations spécifiques contribuent à accélérer les délais de vente et à augmenter les prix de vente. Un ensemble complet de données sur les propriétés vendues au cours des 20 dernières années sera analysé en mettant l’accent sur les rénovations entreprises. Le projet permettra de mieux comprendre les rénovations les plus efficaces pour maximiser la valeur et accélérer les ventes.
Expected Results
The purpose of IRAP Contributions to Firms is to support research, development, adoption and/or adaptation of innovative or technology-driven new or improved products, services or processes in Canada up to their commercialization
Expected Results (French)
Le PARI, par le biais des Contributions aux entreprises, vise à appuyer la recherche, le développement, l’adaptation et/ou l’adoption au Canada de produits, de services ou de processus novateurs ou axés sur des technologies nouvelles ou améliorées, et ce jusqu’à leur commercialisation
Federal Riding
Scarborough North
Federal Riding (French)
Scarborough-Nord
Federal Riding Number
35096
NAICS Code
511211
Organization Code
nrc-cnrc
Organization
National Research Council Canada | Conseil national de recherches Canada
Program Name
Industrial Research Assistance Program – Contributions to Firms
Program Name (French)
Programme d’aide à la recherche industrielle – Contributions aux entreprises
Program Purpose
The purpose of IRAP Contributions to Firms is to support research, development, adoption and/or adaptation of innovative or technology-driven new or improved products, services or processes in Canada up to their commercialization
Program Purpose (French)
Le PARI, par le biais des Contributions aux entreprises, vise à appuyer la recherche, le développement, l’adaptation et/ou l’adoption au Canada de produits, de services ou de processus novateurs ou axés sur des technologies nouvelles ou améliorées, et ce jusqu’à leur commercialisation
Recipient Business Number
731586905
Recipient City
Scarborough|Scarborough
Recipient Country
CA
Recipient Legal Name
Zown Realty Inc.
Recipient Operating Name
Zown
Recipient Postal Code
M1X 0C3
Recipient Province or Territory
ON
Recipient Type
F
Reference Number
172-2023-2024-Q2-1007376
