All Forum Posts by: Scott Innocente

Windsor looks at increasing urban density to save costs

A plan that's been in the works for 7 years (yes, SEVEN years) is being "fast-tracked" to help incentivize development in Windsor's booming market. Despite the efforts, I expect development in Windsor (and all across Ontario) to remain burdensome, bureaucratic, slow, and costly.

The government can't seem to get out of their own way when it comes to speeding the approval process and making housing more affordable.

https://windsorstar.com/news/local-news/windsors-development-committee-considers-report-on-cost-of-urban-sprawl?utm_term=Autofeed&utm_medium=Social&utm_source=Facebook&fbclid=IwAR2x7Bz1GUXIag2kL8bjnOIhbUp4ejxqFOcY5QXyoRcNkZybzWib4gtsDPs#Echobox=1631580848

Home ownership is becoming a lost cause and the Liberals did worse than diddly squat

I would like to reiterate my view that politicians don't actually CARE about affordable housing; they just talk like they do. The current administration has done absolutely nothing to address the fundamental driver of real estate values in Canada. The problem is too many buyers, not enough houses. Still 400,000 people a year coming to the country, still delays on construction, still heavy bureaucracy and regulation preventing enough building, still not enough incentives for developers. All of these factors make me want to own as much Canadian real estate as possible.

https://nationalpost.com/opinion/sabrina-maddeaux-home-ownership-is-becoming-a-lost-cause-and-the-liberals-did-worse-than-diddly-squat?utm_term=Autofeed&utm_medium=Social&utm_source=Facebook&fbclid=IwAR0sk4zr-1-SN1eO2b9UaZHPkXoKWt9enbxswdFvMO5-ytTNe9gxWSVMbxQ#Echobox=1630924474

https://www.miamitodaynews.com...

Tecumseh broke ground Tuesday to officially start the construction of a new 10- court outdoor pickleball facility in Lacasse Park.

“We are excited to see construction begin for this much anticipated facility,” said Gary McNamara, Mayor of Tecumseh. “The sport of pickleball continues to grow in our community and this facility will allow for more players to access courts.”

https://windsorite.ca/2021/09/tecumseh-breaks-ground-for-new-10-court-pickleball-court/?fbclid=IwAR0IGwIjrGLJar1fA_b2brbNysH9by-KtHMmkCzFmghfV2whL4-zS5rVPWw

Tecumseh's Peak Processing Solutions strikes $3.42-million deal with The Boston Beer Company

Big news for Tecumseh/Windsor!

https://windsorstar.com/news/local-news/tecumsehs-peak-processing-solutions-strikes-3-42-million-deal-with-the-boston-beer-company?utm_term=Autofeed&utm_medium=Social&utm_source=Facebook&fbclid=IwAR26i2LdkN4Sa7IyFiJoW4hLxueyv9_ZjFtAPPtbHzUeMANZq_2uuUjeaOY#Echobox=1630533604

We are in the middle of a housing crisis here in the GTA and across Ontario—and Canada for that matter. The cost of building new homes continues to rise.

Basic economic principles suggest that when a product is in short supply, you should own as much of that product as possible. Don't over-think it.

https://www.canadianrealestatemagazine.ca/news/torontos-c2k-initiative-is-a-step-in-the-right-direction-334796.aspx?fbclid=IwAR2LRMf4oxzmIqJav4kIGRKSSdW8As_8QTW46srPSXrcd9OUpwUGssRbF5w

One of the biggest drivers of the real estate market in any University or College city is students. Every year, thousands of students pour into cities to study, live, work, and play and they sap up a ton of housing supply in so doing. One more recent trend over the past decade has been a massive influx of international students under the Liberal government's aggressive immigration plan. A high percentage of these international students come to Canada on a study permit and slowly transition that permit into permanent residency.

It is no secret why there is a shortage of housing across Canada, and students are a major reason why.

canadianrealestatemagazine.ca/news/canada-has-a-student-housing-gap-waiting-to-be-filled-334751.aspx?fbclid=IwAR069VYCXaGU3omwbJS_BFTM3CqADAJkyQLkmAKNrStmIJKIgHj9Sp_nFkw

'Build, build, build' — but be smart, Windsor forum on housing to urge

Windsor's recent population boom has builders scrambling to keep up with demand, but red tape continues to hinder timelines and affordability. The population pressure has come from migration from Alberta and GTA, booming university and college student populations, cross-border workers, and the governments aggressive immigration policies.

The future for Windsor's real estate market remains very bright, especially factoring in that we remain the most affordable city in the most economically diverse economy province in the country.

https://windsorstar.com/news/local-news/build-build-build-but-be-smart-windsor-forum-on-housing-to-urge

Canadian Home Buyers Need Up To 34 Years Of Savings For A Down Payment

Thanks to the federal government's horrible housing policies, there are going to be a heck of a lot more renters in the years to come. Might want to own rental properties!

https://betterdwelling.com/canadian-home-buyers-need-up-to-34-years-of-savings-for-a-down-payment-nbc/#_

Competition spikes for Toronto rentals as students and professionals return

Students returning to school is putting tremendous pressure on the rental market in the GTA; Is the same thing going to happen in Windsor? Place your bets.

There are not enough houses to buy or rent in the province already, so any excess pressure is immediately felt by low vacancy rates and rising rents. The long-term fundamentals of Ontario real estate have not changed: high demand, low supply.https://dailyhive.com/toronto/toronto-rentals-students-professionals-competition?fbclid=IwAR2e8yVFEY_ZNUbhrXGIe13DLf7Alrcx1PjyZLVQdlCKtG7VpwPueKvtPbk