✍️ By Debbie Balfour | WBN News | June 13, 2025 | Click HERE for your FREE Subscription to WBN News and/or to be a Contributor

Imagine turning a single address into a complete development deal in minutes. That’s the promise of Algoma, a Toronto-area startup shaking up how real estate developers approach site selection and feasibility analysis.

In a recent episode of Slice of Construction, Algoma’s CEO, Josef Bromovsky walks through exactly how their platform does it, automating zoning checks, site massing, and financial modeling using AI. The video offers a powerful look at how technology is accelerating what used to be a weeks-long process.

Backed by a fresh $2.3 million seed round, Algoma’s tool allows users to input any address and instantly receive AI-generated insights about zoning compliance, build feasibility, costs, and projected ROI. It’s a massive time-saver for developers and real estate professionals who previously juggled architects, planners, and consultants just to understand a site’s potential.

Founded by Harvard alumni Josef Bromovsky (CEO), Kyle MertensMeyer (CPO), and Seyfihan Usarer (COO), Algoma aims to remove the uncertainty and inefficiency of early-stage development planning. Their “digital scout” is designed to streamline decision-making and supercharge deal flow.

With new funding in place, the company plans to expand its engineering team and roll out advanced tools for scenario modeling and multi-site comparisons.

AI isn’t just analyzing the market anymore—it’s helping build it.

Debbie Balfour | Real Estate Investing Success Coach + Podcast Host
📍 Website: www.DebbieBalfour.com
📧 Email: Debbie@DebbieBalfour.com
🔗 LinkedIn: Debbie Balfour
▶️ YouTube Channel: youtube.com/@DebbieBalfour

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TAGS: #Real Estate AI #Prop Tech #Toronto Startups #Development Deals #AI in Construction #Smart Development #WBN AI Edition #WBN News Langley #WBN News Abbotsford #WBN News Okanagan #Debbie Balfour

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