All Forum Posts by: Scott Innocente

The 11th annual Manufacturing Day in Windsor offers over 1,000 high school students and job seekers a firsthand look at career opportunities in technology and the industrial sector. With tours of 23 local companies, participants will gain insight into key industries, such as jet engine repair, automotive manufacturing, and electronics. As Windsor’s largest economic sector, manufacturing employs 34,000 people, and over the past year, 505 manufacturers have advertised more than 4,500 job openings, showcasing the vast potential for apprenticeships and employment in the region. Founded in Windsor in 2013, Manufacturing Day has expanded significantly and now includes employment support agencies to help build a skilled local workforce.

Impact on the Local Real Estate Market: The addition of the new LG-Stellantis electric vehicle battery plant in Windsor is expected to further boost the local economy. This plant, part of a joint venture between LG Energy Solution and Stellantis, is a massive $5 billion project that will bring thousands of jobs to the area. With both the existing manufacturing base and this new high-tech facility, Windsor is becoming a key player in the future of automotive innovation. The influx of workers for the battery plant, combined with opportunities highlighted by Manufacturing Day, will likely drive increased demand for housing in the region. As more workers relocate to Windsor, particularly those in higher-paying tech and manufacturing roles, the local real estate market could see a surge in home sales and property values, further stimulating economic growth.

First-time homebuyers that Ottawa's new mortgage regulations could lead to higher housing prices. These changes would extend the time buyers have to pay off their mortgages and allow smaller down payments on homes valued at over $1 million. While the rules aim to make homeownership more accessible, buyers fear the changes may intensify demand, pushing prices even higher in an already competitive housing market. The Canadian 2025 spring market is set to pick up significantly with lower rates and improved affordability, especially in affordable cities like #windsor.

Huge news for East Windsor! A major development is set to transform the area with the new Costco coming soon. The new Costco store will be bigger than the current Walker Road location and offer more parking capacity. It’s expected the store will create over 200 new jobs. Combined with the massive battery plant project also underway in the east end, we can expect a significant boost to real estate values. These developments will not only create jobs but also make East Windsor an even more attractive place to live, work, and invest.

For homeowners and investors alike, this is a great opportunity to capitalize on the growth potential of this rapidly evolving neighborhood. Keep an eye on East Windsor investment opportunities.

#Windsor #EastWindsor #Costco #BatteryPlant #RealEstate #YQG #InvestmentOpportunity 

Yes, we can, but it also depends on your criteria. How many beds, baths, etc. as well as location. Any further information on this?

In a June 2022 report, CMHC estimated that Canada needs to build 5.8 million housing units to restore housing affordability by the end of 2030. This is 3.5 million units over and above the current pace of new home construction. #housingcrisis

https://www.cmhc-schl.gc.ca/en...

Windsor remains on of the most affordable cities in the country on an income-to-home-price ratio. Couple Windsor's affordability with 3 massive infrastructure projects (Gordie Howe Bridge, LG/Stellantis Battery Plant/Mega Hospital) and you have the recipe for massive appreciation.

Canada's rental housing shortage will quadruple to 120,000 units by 2026 without a significant boost in stock, Royal Bank of Canada said in a report Wednesday. Might be a good idea to start investing in rental properties.

1. Canada needs to build around 300,000 new rental units by 2026 to prevent a quadrupling of the rental housing gap.
2. The government needs to take immediate action to address the housing crisis and invest in building new rental properties.
3. The report suggests that addressing the housing crisis can have positive economic effects by creating jobs, boosting economic growth, and reducing poverty.

According to a recent report by the Conference Board of Canada, Windsor is forecasted to lead the nation in economic growth rate in 2021, with a projected increase of 10%. The report credits Windsor's strong manufacturing industry, increased infrastructure investment, and continued growth in the tech and innovation sectors as the driving factors behind this growth. Additionally, the report predicts that Windsor's economic growth will continue to outpace the national average through 2025, further solidifying its position as a key economic hub in Canada.

This projected economic growth in Windsor may have a positive impact on the local real estate market. With an increase in employment opportunities and population growth, demand for housing is likely to rise. This could lead to an increase in home prices and a decrease in inventory, creating a more competitive market for buyers. Additionally, increased investment in infrastructure and development could lead to new construction projects, providing additional housing options for those looking to purchase a home in Windsor. Overall, the projected economic growth rate in Windsor is good news for the local real estate market, with potential benefits for both buyers and sellers.

https://windsorstar.com/news/l...

The Gordie Howe Bridge is well-underway in the heart of Windsor.  This game changing mega project will boost trade, jobs, and tourism in the local area!

Canada's annual inflation rate continued to slow last month, reaffirming the central bank's decision to hold its key interest rate steady. It took 18 months of near zero interest rates to get out of control inflation, it will likely take 18 months to get inflation back under control. If rates stay put, expect a very strong summer real estate market.