All Forum Posts by: Scott Innocente

Ontario to accept 100 immigrants who invest $200Gs in local companies

“I see immigration as one of the key economic drivers of Ontario’s growth,” McNaughton said. “There’s an opportunity to create new businesses outside of the GTA, to create more jobs for people across the province.”

McNaughton said the program will help with the recovery of the Ontario economy after COVID-19 pandemic.

“We have to be aggressive as we build back better out of the pandemic to recruit entrepreneurs to Ontario,” he said.

Last month, Ontario called on the federal government to double the number of immigrants allowed under the Ontario Immigrant Nominee Program — from 9,000 to 18,000 a year — a program aimed at boosting the skilled workforce.

McNaughton said the province is facing a significant labour shortage that has been intensified by the impact of the COVID-19 pandemic.

https://windsorstar.com/news/provincial/ontario-to-accept-100-immigrants-who-invest-200gs-in-local-companies/wcm/4590502a-6c26-4605-97bf-5db94c6aede4?utm_term=Autofeed&utm_medium=Social&utm_source=Facebook#Echobox=1639509243

Cross-border rail tunnel passenger service moves step closer

This would be huge

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

Windsor's Unemployment Rate Dropping, Housing Increasingly Unaffordable

Windsor has a potent combination of rising employment, rising population (immigration and migration) combined with low inventory which continues to push real estate prices higher.

As housing becomes more unaffordable for the average Canadian, more and more would-be-buyers are turning to renting creating a larger pool of qualified tenants and rising rents. Now is as good a time as ever to own Windsor real estate.

https://www.iheartradio.ca/am800/news/creating-jobs-shrinking-unemployment-rate-city-s-focus-for-2022-dilkens-1.16808445?fbclid=IwAR0wJLCwO7iecSvEWm-1-eQp-vgsGR9GNa2ZPPjJYZbWXbFblUk0_Co_ggc

It will take “years” to tackle the challenges making Canada’s housing market so unaffordable, Freeland said in the government’s fiscal update.

The average person doesn't understand that prices across the country (and across the world) are being driven by fundamental factors. An explosion in global wealth, rising population, shortages in land, labour, and building materials, low interest rates, and the game-changing work from home economy have likely altered the real estate market forever.

The dream of home ownership for the average Canadian is fast-fading, and those hoping things will change any time soon I fear will be left behind forever.

Real estate has become a generational asset class and I don't see that changing. Keep in mind, this phenomena has already taken place across almost every major city in the world (where the average citizen does not own, but rents), and it is just starting to happen here. 

https://globalnews.ca/news/8450053/housing-canada-fiscal-update-freeland/?utm_medium=Facebook&utm_source=GlobalNews&fbclid=IwAR0QtQdnXnh7dla3q1mhQ88Ch2qtC3FJXmF5aDW_FAB64PMm3_Gtp4E3Yyc

Soaring prices: Home ownership a fast-fading dream for many in Windsor

Prediction: future real estate ownership will be concentrated in the hands of the few and the wealthy and will become a generational asset class. The majority of lower and middle class will become renters.The Canadian government has mismanaged the housing market so badly that we may never catch up. The idea of affordable housing for the masses is a ship that has already sailed.

Investors should take note that real estate ownership will likely be more difficult and more expensive in the future than it is now. Those on the sidelines may want to consider entering the market before it's too late.

https://windsorstar.com/news/local-news/soaring-prices-home-ownership-a-fast-fading-dream-for-many-in-windsor?utm_term=Autofeed&utm_medium=Social&utm_source=Facebook&fbclid=IwAR26xSLda82BSfweeIPgWZ184m7YSyO6g1kxNQmWFrmUHKxIOHkg5xYbwDY#Echobox=1639534542

National Bank Of Canada Calls 2022 “The Year Of The Hike,” Sees Rates 6x Higher

The bank of Canada sees rates heading 6x higher than they are today. .25 x 6 = 1.5%. Many believe that rising interest rates have the potential to crash the housing market in Canada, however, I simply cannot see how 1.5% rates will crash the market given the supply/demand imbalance. As for significant raises after this, I cannot see how the Bank of Canada can raise rates at any significant pace without crashing the entire economy (which I believe any rational government is wont to do).

The BOC finds themselves between a rock and a hard place, they must find a sweet spot for rates that keeps the market competitive, but doesn't crash it. My bet is that the BOC continues to hold rates at all-time low levels, albeit, higher than they are today.

https://betterdwelling.com/national-bank-of-canada-calls-2022-the-year-of-the-hike-sees-rate-6x-higher/?fbclid=IwAR1j6sy8ImG-bZEK8_ruDHCM6WJPjGv7wwFgrPzOLPj6gVvLMwU8Re906AM

Windsor auto parts company receives $80,616 from province, adds 24 jobs

As the automotive industry shifts to electric, it will be important for Windsor to push to capitalize on billions of dollars of investment that will be made of the coming decades. Windsor has the workforce, auto plants, and parts plants, combined with proximity to the USA to hold our position firm, but it's going to take some big investments. The Ontario government is investing an additional $12 million in auto parts companies through the next phase of the Ontario Automotive Modernization Program (O-AMP) to drive competition and “position Ontario as a North American hub for building the car of the future.”

I personally believe that Windsor is in the perfect position to take advantage of the shift to electric, as long as we play our cards right and continue to invest in the sector.

https://windsor.ctvnews.ca/windsor-auto-parts-company-receives-80-616-from-province-adds-24-jobs-1.5697637?cid=sm%3Atrueanthem%3Actvwindsor%3Apost&utm_campaign=trueAnthem%3A%20Trending%20Content&utm_medium=trueAnthem&utm_source=facebook&fbclid=IwAR1nFaHJzdCHW6nYD3_Cn6ZGAVSiTrnOPMg_Fd9UMvtjp0Xqiy9KjTSrjfA

'Massive investment' confirmed for Adie Knox — an awesome feeling, Ward 2's Costante says

Good news for Windsor's west end a the city has approved $29 million investment in restoring this recreation center:

https://windsorstar.com/news/local-news/massive-investment-confirmed-for-adie-knox-an-awesome-feeling-ward-2s-costante-says?utm_term=Autofeed&utm_medium=Social&utm_source=Facebook&fbclid=IwAR0edIjnQqbD83F1zBjkCvnCetAIHgU8I8nZZzFYYsYpgxOET9VbfavVzSQ#Echobox=1639053548

Wage inflation is coming – and could complicate things for the Bank of Canada

The labour market operates on the same fundamental principles as all other markets: when there is more demand than supply it will push prices higher. We are seeing rising wages across North America, even for entry level jobs as employers scramble to attract wage-workers. As wages rise, so too will demand for assets like real estate.

Rising wages will be an incredible catalyst to real estate resale prices and rental rates as more money finds it's way into real property.

https://globalnews.ca/news/8332153/wage-inflation-bank-of-canada//?utm_source=GlobalCalgary&utm_medium=Facebook&fbclid=IwAR3btnZa0zknzJhYFyo3NEIYEitYOml9X1ldSpBbn6znOWxsLXyBcaBed3E

Canada not in midst of housing bubble: Former housing and mortgage head

Whenever housing prices go up, the average citizen begins throwing around the term "bubble". Most people don't understand that a bubble can only exist when supply exceeds demand. Canada is nowhere near these two fundamental market drivers coming into balance, therefore, we cannot be in a bubble.

The government is completely inept to fix the problem, they require private sector assistance in this matter, yet their policies continue attacking the private sector with red tape, taxes, and bureaucracy:

If you're going to use the term "bubble" you must firs understand it's meaning. 

https://www.ctvnews.ca/mobile/canada/canada-not-in-midst-of-housing-bubble-former-housing-and-mortgage-head-1.5693417?cid=sm%3Atrueanthem%3Actvnews%3Apost&utm_campaign=trueAnthem%3A+Trending+Content&utm_medium=trueAnthem&utm_source=facebook&fbclid=IwAR1785aaeppLWLorFGinUVTvnQyz_r1OnLemIVlc739cAMMBrnRR_6YOHp0