All Forum Posts by: Scott Innocente

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!

Could New Zealand's radical new housing law help Canada curb its skyrocketing real estate prices?

Most people don't realize that the more socialist government controls there are in place the more expensive goods, services, and real estate will be. New Zealand is currently plagued by a real estate market that is even more unaffordable than Canada’s. The New Zealand government is proposing the idea of squashing “overly restrictive planning rules” that hinder development in urban cores. The problem is, it's too late. Building materials, labour, and land are too expensive to produce anything affordable, with or without zoning rules.

Owning Canadian real estate is a fantastic 20-30 year investment as we basically have no hope of ever catching supply up with demand.

https://windsorstar.com/news/canada/could-new-zealands-radical-new-housing-law-help-canada-curb-its-skyrocketing-real-estate-prices/wcm/deb3d262-e64c-4d9c-b8fe-123ec3e2a183?utm_term=Autofeed&utm_medium=Social&utm_source=Facebook&fbclid=IwAR3khzX4f3Oo74aQko0HQyCtQNsQwMVBBSgvti02aMU2zG3sdaZpeXG__bw#Echobox=1634855490

Sephora, Lucid Motors, Bowlero sign leases at Miami Worldcenter

Just a reminder that the USA is the big leagues when it comes to real estate and wealth generation. Most of the world's biggest and wealthiest corporations are headquartered in the US. Follow the $$.

https://www.bizjournals.com/southflorida/news/2021/10/06/miamis-worldcenter-is-addind-three-new-retailers.html?ana=TRUEANTHEMFB_FL&csrc=6398&utm_campaign=trueAnthem%3A%20Trending%20Content&utm_medium=trueAnthem&utm_source=facebook&fbclid=IwAR22gnct5wek4HwJUBxi46Mw6VoKAknyjhLwcR2dZ5um1n4FHqI9CIv4lIA

Rent prices in Windsor have risen an astonishing 25% since last year

The current housing crisis is creating a larger pool of qualified tenants than Windsor has ever seen. As housing prices continue to rise across the country, more-and-more would be buyers have no choice but to turn to renting. Buying a house is expensive, you need a large sum of money for the down payment, appliances, furniture, property taxes, insurance, land transfer tax, maintenance. Not everybody can, or wants to, own a home. Oh, and you need to qualify for a mortgage with a lender at the stress test rate of 5.25%. This is not an easy task for the average buyer (especially the first time buyer).

When you understand WHY prices are jumping, it makes investing much easier. The long term fundamentals of Canada's real estate market continue to point to limited supply, and high, global demand. While I don't try to predict any one or two year period of time, the next 20 years looks very promising.

https://www.blogto.com/real-estate-toronto/2021/11/rent-prices-have-risen-25-small-ontario-city/