All Forum Posts by: Scott Innocente

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.

Windsor continues to benefit from the battery plant. Convoy Technologies, Inc. announced its intent on Thursday to establish a new manufacturing facility in Windsor-Essex employing up to 50 people by this fall.

Several large companies, including Goldman Sachs, Blackstone, and Citadel, have recently announced plans to relocate or expand their operations in Florida, citing the state's favorable tax policies, business-friendly environment, and quality of life as reasons for their move. As a result, demand for commercial and residential real estate in Florida has surged, with prices and rental rates increasing in many areas.The article suggests that this trend is likely to continue, as more companies seek to take advantage of Florida's business-friendly policies and growing economy.

https://www.thecentersquare.co...

'Huge': St. Thomas lands VW electric battery plant, more than 2,000 jobs

Windsor finds itself at the center of the EV revolution that is reverberating throughout the province. This next wave of investment is sure to have a significant impact on our local realestate market. Perfectly positioned with a 100 year automotive history, a large blue collar workforce, and proximity to the USA with 3 international border crossings, Windsor will benefit from Billions in investments over the coming decades.

https://thenarwhal.ca/volkswag...

Windsor finds itself at the center of the EV revolution that is reverberating throughout the province. This next wave of investment is sure to have a significant impact on our local realestate market. Perfectly positioned with a 100 year automotive history, a large blue collar workforce, and proximity to the USA with 3 international border crossings, Windsor will benefit from Billions in investments over the coming decades.

https://thenarwhal.ca/volkswag...

While the rental market in some major cities like San Francisco, Boston, and New York continued to struggle with declining rents, other areas like Sacramento, Tampa, and Las Vegas saw significant rent growth. RealPage also reported that the overall occupancy rate for U.S. apartments was 95.8% in February, up slightly from 95.7% in January. However, experts predict that rent growth will pick up in the coming months due to increasing demand as the pandemic situation improves and more people return to cities.

Thanks to the region's history of innovation, abundance of talented students from local universities, and the many top companies located there, industry analysis shows 226 optics and photonics companies in Arizona and about 7,700 jobs in the industry. Estimated $4 billion impact on the local economy!#arizona #phoenix #jobs #realestate #USArealestate #investing

https://www.bizjournals.com/ph...

The construction industry in Ontario, Canada is expecting a record year in 2023 with billions of dollars in investment and job creation in the sector. Infrastructure projects such as roads, bridges, and transit systems are expected to drive the growth, while the demand for housing and commercial real estate is also increasing. Local industry leaders are optimistic about the outlook for the sector, citing strong government support, favorable economic conditions, and a skilled workforce. However, challenges such as supply chain disruptions and labor shortages may also affect the industry's growth in the coming year.

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