All Forum Posts by: Scott Innocente

This is what happens when you have a socialist government that doesn't understand that free-market principles help keep prices low (less regulation, less bureaucracy, less taxes, more incentives to private sector, etc.).

The sad thing is that this rapid inflation actually benefits the wealthy and hurts the middle-class and poor; despite being caused by poor government policy, the poor and middle class will continue to blame the rich instead of the true culprit: poor government policy.

Under capitalism, bread lines up for you. Under socialism, you line up for bread.

'It's definitely the place to be for budding young businesses': Ford City businesses booming
ALLISON MISTAKIDIS SAYS THERE WASN’T MUCH GOING ON WHEN SHE MOVED TO FORD CITY ABOUT SEVEN YEARS AGO. NOW SHE HAS A LOT OF THINGS TO CHOOSE FROM: GETTING HER HAIR DONE, TATTOO, PARKS, BIKE SHOP, EATERY AND A NEW COFFEE SHOP.

https://windsor.ctvnews.ca/it-s-definitely-the-place-to-be-for-budding-young-businesses-ford-city-businesses-booming-1.5639466

A $9.8 million contribution toward Phase 2 was announced in the province's spring budget, but Monday the funding became official.

The Mega hospital will be a mega contributor to Windsor's economy. I think the number of doctor, nursing, and administrative jobs that this hospital will produce is grossly underrated. Further, this 5 year project will employ thousands in planning, construction, and development.

https://www.cbc.ca/news/canada/windsor/windsor-premier-doug-ford-news-conference-1.6215043?fbclid=IwAR2NhHPZtucGfLtilWCLpIL-eCIOomr1UtHlG0Ub-M2rUxXArc13G6S5pEI

The City of Windsor is looking for feedback about potentially regulating rental residential properties.

News flash: increased costs on business owners will always be passed onto the consumer. The government continues to step into the private market with increased regulations that cost business owners more money to operate. Those costs necessarily have to be passed onto the consumer (no business can survive if they're losing money). Consumers and tenants continue to wonder why their costs are rising rapidly, look no further than Ontario's heavy regulation and red tape to understand why.

https://windsorite.ca/2021/10/city-of-windsor-considering-regulation-of-rental-properties/?fbclid=IwAR3agbSJQrb8L9J3xhYGwh8DdJmPE5lcMx7ItvAwU181Zx85FPf_Y_RLt_Y

After 100 years of relying on the auto industry, Windsor finally has a mayor that understands the importance of economic diversification. Windsor, in my opinion, has done a good job of diversifying over the past few years, but there is more work to be done. Mayor Dilkens has launched an official plan called LIFT to attract new businesses to Windsor:

Windsor is finally becoming the city that we always thought it could, and should, be.

https://windsorstar.com/news/local-news/stellantis-news-makes-launch-of-windsor-works-even-more-important-says-dilkens?utm_term=Autofeed&utm_medium=Social&utm_source=Facebook&fbclid=IwAR2238Aq6G0zO126K7fmmIwqkNHdmjd3zRYyKMSQhCnfCWDNqCNgxJ1cwUg#Echobox=1634855495

The City of Windsor's downtown improvement plan is working. Developers are taking advantage of incentives to build residential units in the core. As more people live downtown, it attracts more businesses to set up shop. As more businesses set up shop, it attracts more people.

Windsor's core has been essentially dead for decades, but that's slowly, and finally, starting to change.

https://windsorstar.com/news/local-news/influx-of-new-apartments-makes-case-for-downtown-self-storage-facility?utm_term=Autofeed&utm_medium=Social&utm_source=Facebook&fbclid=IwAR2hG0cwrYg279rIFzE_MyUikaBkSh-jeopxoWnOPOCS5UESotSiPuBPPOY#Echobox=1634330549

WINDSOR'S CAPITOL THEATRE GETTING $2.3-MILLION IN UPGRADES

A $2.3-MILLION DOLLAR INVESTMENT IN WINDSOR'S ARTS, CULTURE AND HERITAGE SECTOR.

Downtown Windsor continues to improve with his long-overdue announcement.

https://www.iheartradio.ca/am800/news/windsor-s-capitol-theatre-getting-2-3-million-in-upgrades-1.16311012?fbclid=IwAR0IL-50EogkVz_0Ok-230wh7s0Gv6y8fqvV55hMOjmHXjjv88XjZrYMsWQ

Canada has the lowest number of housing units per 1,000 residents of any G7 country

Canada continues to pour in 400,000 + immigrants annually while having no real strategy to develop enough affordable housing for all Canadians to live. Investors should feel very good about owning cashflowing real estate across the country as the government clearly doesn't know how to manage the housing market.

Until supply outpaces demand, prices will continue to rise. We need over 1 million homes in Ontario and 4.2 million homes in the country over the next decade. I put the chances of us building that many homes in a decade at close to 0. 

https://www.canadianrealestatemagazine.ca/news/action-needed-to-solve-the-housing-crisis-334840.aspx?fbclid=IwAR1mGS3vkRQn8P_LUycO_aHeqJPcu9OBxRiixHs1WRAC3LSf1srlwiQa8Pg

One million new homes needed in Ontario in next 10 years to end 'cruel game of musical chairs'

WITH ONTARIO’S POPULATION GROWING RAPIDLY, ONE POLICY THINK TANK ARGUES THAT CANADA’S MOST POPULOUS PROVINCE WILL NEED ABOUT ONE MILLION NEW HOMES OVER THE NEXT 10 YEARS.

Ontario's heavy bureaucracy, heavy taxation, and ever-increasing building code requirements, coupled with labor shortages and material shortages, tell me that building 1 million homes over the next decade will be impossible. Further, none of the new homes being built will be "affordable".

The surge in Ontario real estate prices have many families starting new lives in Windsor, Ontario's most affordable city. A trend I don't see changing any time soon.

Toronto home prices hit new record with supply at 'critical juncture'

I've been hearing about Toronto's over-heated, overvalued real estate market for over a decade now, yet prices continue to rise because there are too man buyers and not enough sellers. Similar to market pundits in the GTA, many local Windsorites continue to call for a housing crash in a time when there are simply not enough houses to meet demand.

The federal government either doesn't know what to do or doesn't care to fix the problem. They continue their aggressive 400,000 immigrant/year policy all while increasing bureaucracy and making it excessively difficult to develop new supply.

bnnbloomberg.ca/toronto-home-prices-hit-new-record-with-supply-at-critical-juncture-1.1661689?utm_campaign=trueAnthem+Manual&utm_medium=trueAnthem&utm_source=facebook&fbclid=IwAR0IHktTn2j_Bgiwoy8WyxAqGD1bYKo0IC39Wd7Wl1QrzIUYklaKzfPV0oQ