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All Forum Posts by: Scott Innocente

Scott Innocente has started 7 posts and replied 808 times.

Post: Investing in Windsor Ontario

Scott InnocentePosted
  • Real Estate Agent
  • Windsor, Ontario
  • Posts 831
  • Votes 214
Honda's investment a show of faith in Ontario's auto sector

As Canada's premier tool and die maker, Windsor stands to benefit from any positive automotive news across the country. Honda will invest $1.4 billion to retool its Alliston plant, which produces the popular CRV and Civic models

https://windsorstar.com/opinion/columnists/lilley-hondas-investment-a-show-of-faith-in-ontarios-auto-sector/wcm/9b345f59-b45f-4c87-a06e-849f039eab32

Post: Investing in Windsor Ontario

Scott InnocentePosted
  • Real Estate Agent
  • Windsor, Ontario
  • Posts 831
  • Votes 214
Average Canadian house price hits $816,720 — up 20% in past year

Windsor remains the cheapest city in Ontario with an average sale price around $700k. These rising prices are the result of government increasing money supply drastically, while welcoming 450,000 new immigrants annually, all while in the middle of a housing crisis.

https://www.cbc.ca/news/busine...

Post: Investing in Windsor Ontario

Scott InnocentePosted
  • Real Estate Agent
  • Windsor, Ontario
  • Posts 831
  • Votes 214

The Construction price index has exploded across Canada.  When construction prices rise, it makes replacement costs higher.  When replacement costs are higher, it makes re-sale homes more valuable.  This cycle can last for decades in markets with rising populations.  

https://www.canadianrealestate...

Post: New to Real Estate Investing - Need Direction - Ontario

Scott InnocentePosted
  • Real Estate Agent
  • Windsor, Ontario
  • Posts 831
  • Votes 214
Windsor-Essex invests in its automotive future with new vision.

By building the Canadian Automobility Hub, Windsor-Essex is attracting investment and creating long-term, high paying, high value tech jobs for the region for years to come. To date, more than 30 partnerships, over 300 new jobs and nearly $50 million in foreign direct investment has been secured through automobility support funding from FedDev Ontario.

https://windsorstar.com/sponso...

Post: Should I re-finance or close the mortgage or both? (Toronto, On)

Scott InnocentePosted
  • Real Estate Agent
  • Windsor, Ontario
  • Posts 831
  • Votes 214
Windsor-Essex invests in its automotive future with new vision.

By building the Canadian Automobility Hub, Windsor-Essex is attracting investment and creating long-term, high paying, high value tech jobs for the region for years to come. To date, more than 30 partnerships, over 300 new jobs and nearly $50 million in foreign direct investment has been secured through automobility support funding from FedDev Ontario.

https://windsorstar.com/sponso...

Post: Should I re-finance or close the mortgage or both? (Toronto, On)

Scott InnocentePosted
  • Real Estate Agent
  • Windsor, Ontario
  • Posts 831
  • Votes 214

Hi Ben,

I'm an investor-focused agent in Windsor.  Sounds like you have three good properties with plenty of equity, so it's a difficult decision.  Do you live in one of these properties?

Top of my head withought knowing all of the details, the condo seems lease likely to cash flow and will likely see lower percentage returns than your other properties.  This changes, of course, if you're living there as a personal residence.

If your tenant in Windsor isn't paying, then that certainly brings it into consideration for selling.  Fundamentally, holding single family homes in Windsor is a good long-term play because we have a significant shortage.

The last point I would make revolves around your long-term strategy and what you plan to do with your capital long-term (other than using it to close condo).

Post: New to Real Estate Investing - Need Direction - Ontario

Scott InnocentePosted
  • Real Estate Agent
  • Windsor, Ontario
  • Posts 831
  • Votes 214
What happened to the housing market the last time the Bank of Canada hiked rates

“Out of the three years studied, it’s clear that the largest price and sale decreases had nothing to do with the Bank of Canada’s increase schedule,” said Rehkopf.

https://calgaryherald.com/exec...

Post: New to Real Estate Investing - Need Direction - Ontario

Scott InnocentePosted
  • Real Estate Agent
  • Windsor, Ontario
  • Posts 831
  • Votes 214

@Santesh Jaggernath Hi Santesh, investor focused agent in Windsor here.  Feel free to reach out if you need help navigating the market!

Best,

Post: Investing in Windsor Ontario

Scott InnocentePosted
  • Real Estate Agent
  • Windsor, Ontario
  • Posts 831
  • Votes 214

Bank of Canada raises key interest rate to 0.5%. A half-point increase may slightly decelerate the market, but I don't think it's enough to turn prices negative.

#windsorrealestateinvesting #windsorrealestate #Windsor #realestateinvesting

Post: Investing in Windsor Ontario

Scott InnocentePosted
  • Real Estate Agent
  • Windsor, Ontario
  • Posts 831
  • Votes 214

A significant portion of Canada's real estate crisis is being driven by immigration. We are already short homes all across the country.
333 Afghan refugees arrive in Calgary, 1,800 more expected by June. As part of Canada’s promise to help 40,000 Afghan refugees, another charter flight landed in Calgary on Thursday.

https://globalnews.ca/news/848...