All Forum Posts by: Scott Innocente

'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

Local housing prices continue steady climb

A lot of people are making a lot of money right now while the rest sit on the sidelines waiting, wishing, and hoping for crash. 36% rise (and likely more of the same to come) as the government continues to provide any real solution to the supply demand imbalance.

I continue to preach that, until the supply catches up to demand, or demand is reduced to match supply, prices will continue to rise. The government is either completely incompetent when it comes to market fundamentals, or simply doesn't care; my view is that it's actually a combination of both.

Using this metric, USA's real estate market is nearly 50% cheaper than Canada's

All investment opportunities can only truly be evaluated in relation to other investment opportunities. Right now, the USA is cheap relative to Canada.

Nearly half of Canada's $6.1 Trillion home value is concentrated in Ontario

This is why I prefer to invest in Ontario over Canada's other provinces (though I would technically invest anywhere that the numbers work). Ontario is the most economically diverse province with the greatest population.

With Windsor housing prices skyrocketing, mayor to attend 'crisis' summit

When an asset is in short supply, you want to own that asset. Investing isn't complicated. Ontario is in the midst of a housing crisis that may never get cleared up (due to exploding costs, government bureaucracy, and heavy immigration), owning cash-flowing Ontario real estate doesn't take a Master's degree.

These government meetings rarely solve anything, and expect more of the same with this one.

https://windsorstar.com/news/local-news/with-windsor-housing-prices-skyrocketing-mayor-to-attend-crisis-summit?utm_term=Autofeed&utm_medium=Social&utm_source=Facebook&fbclid=IwAR2t6GGRz7rXBZAcWUn0Y_ao6Pi2AqRrQ9CyHYAps552z83tXRW_k9PrCXc#Echobox=1637889569

Microsoft coming to Brickell, FL

Microsoft is the latest example of a global tech firm expanding to Downtown Miami. The company is leasing 50,000 square feet of space and is the second major corporation to lease space at 830 Brickell this year. 

https://www.law.com/dailybusinessreview/2021/09/13/090821_credata/?fbclid=IwAR1LH2XyAe-7ApOzAldd4DFHoEn20uz9piMJezAn6hmI_CeskWlWiVRdPgI&slreturn=20211029113551

'Accelerator on steroids' for EVs launches in Windsor

THE FUTURE IS ELECTRIC AND WINDSOR IS SETTING ITSELF UP FOR SUCCESS

Everyone knows that the automobile industry is in the early innings of a massive shift to electric. Windsor needs to position itself to partake in the shift and is taking steps to do just that.

Hub spans 3 locations in city

Windsor's 100 + year history of automotive and proximity to the US has us well-positioned to take part in the multi-billion dollar shift to electric.

https://www.cbc.ca/news/canada/windsor/windsor-canadian-automobility-hub-electric-vehicles-1.6259622?fbclid=IwAR13NPiY8SRbN_Kr-vTz2dF7jE-L85BIcIBY-4yXoIOM6IVuYD1hGTdq65M

Crazy!  Funny that socialist policies tend to make prices higher instead of cheaper.  We know all about it here in Canada!