All Forum Posts by: Sylvia Asenova

Thank you for the detailed reply Scott! I agree with you there is no point in timing recession, it is not possible to do so. This has never stopped me in my real estate investing so far; I was trying to get a feel of what your thoughts are on these particular areas of investing in Windsor. I live in the GTA, so Windsor is a big unknown for me, hence the questions in my earlier post. I will continue to follow your thread, it is very informative so thank you for the updates. 

Thanks Scott, I have been following this thread and even more so lately due to the Chrysler layoffs. You have posted a lot of positive news and that's great, however I am trying to get a better understanding of just how diversified Windsor's economy is, and ensure to a comfortable degree that it is not heavily dependent on the auto industry alone. Been reading a lot and there are conflicting opinions of course (from "we are on the rise" to "If Chrysler leaves, Windsor is dead") , and mixed up with the current talk of possible recession incoming it makes me a bit nervous. So essentially, I was hoping to hear your opinion on the effect of Detroit's booming economy on Windsor. Are there many people that work in Detroit but live in Windsor, do you see this percentage increasing and why? How do you see the job market outside of manufacturing in the next few years? I know Gordie Howe bridge is a big project and been wondering just how will they bring enough people to work on it, I'd imagine you need at least a few hundred ppl in various areas like general labor, project managers, skilled trades etc? Would the project employ mostly local workers and if not, where are these people coming from? Thanks for your time.

 Thank you Eric. Honestly, I am looking at cash flow and appreciation as well, I think the RE prices there are very low compared to anywhere else in Southern Ontario and there is a fair amount of room for appreciation.

@ Cody Weiss I am not quite sure to be honest,  that is why I wanted to ask the question and see what the more experienced think :) In my mind, if we're out of nafta, this will put a strain on the auto industry in the region more than anything else, resulting in job cuts -> less ppl that can afford to rent in the city. Exports will suffer a blow as well as less investors will look at this area in terms of growing their business. I hope I am wrong though :)

hi everyone, I have been looking at Windsor rental properties and wondering what your thoughts are on the NAFTA negotiations and possible effects on the local economy? 

hi everyone, I too am looking for more details about the rental market in London, ON. Any feedback would be greatly appreciated. Currently looking to buy a property in Windsor as well, which one is better in your opinion for a first time investor?