All Forum Posts by: Scott Innocente

Dallas-Fort Worth new home prices soar to another record

The housing crisis across major US states is picking up steam, however, many of these major cities still remain cheaper than their Canadian comparables.

https://www.bizjournals.com/dallas/news/2021/06/18/new-home-prices-sales-dallas-homesusa.html?ana=TRUEANTHEMFB_DA&csrc=6398&utm_campaign=trueAnthem%3A%20Trending%20Content&utm_medium=trueAnthem&utm_source=facebook&fbclid=IwAR3MsLqWcbDEp_VvdKuoiidURi6uiyKP5B6b9fivFgaXF8N4OAUHqq4Hhf8

London rents poised to rise as pandemic ends, students return

ANYONE THINKING ABOUT RENTING A NEW APARTMENT IN LONDON MAY WANT TO DO IT SOONER RATHER THAN LATER.

The same is likely to happen in Windsor as the border opens up and The University of Windsor and St. Clair College resume studies

https://lfpress.com/news/local-news/london-rents-poised-to-rise-as-pandemic-ends-students-return?fbclid=IwAR0Uki3Gju0FfsUohn3jf1ken2_YUgafnRCg7-yGZXa8c6esCg0ojDEizNo

'Windsor is cool' — members of 'diaspora' offer thoughts on city loved, left behind

During Windsor's darkest days, many Windsorites left for greener pastures in Toronto or out West. One new trend seems to be those returning home while realizing all that Windsor has to offer. Affordability, less traffic, and access to world class Detroit amenities make the grass not so much greener on the other side.

As someone who personally left Windsor for a few years and returned, I can say that Windsor is a great city on the upswing that has a lot to offer.

https://windsorstar.com/news/local-news/windsor-is-cool-members-of-diaspora-offer-thoughts-on-city-loved-left-behind?utm_term=Autofeed&utm_medium=Social&utm_source=Facebook&fbclid=IwAR3m8A1KU3q8Dn7N-tpTQgMiHVUIfh8FFSij27DYt_Vouex3ryWX0ntPDHI#Echobox=1623892149

Dallas-Fort Worth new home prices soar to another record

The housing crisis across major US states is picking up steam, however, many of these major cities still remain cheaper than their Canadian comparables.

https://www.bizjournals.com/dallas/news/2021/06/18/new-home-prices-sales-dallas-homesusa.html?ana=TRUEANTHEMFB_DA&csrc=6398&utm_campaign=trueAnthem%3A%20Trending%20Content&utm_medium=trueAnthem&utm_source=facebook&fbclid=IwAR3MsLqWcbDEp_VvdKuoiidURi6uiyKP5B6b9fivFgaXF8N4OAUHqq4Hhf8

Inside the world's 'largest' Bitcoin conference in Miami

Florida is quickly attracting tech companies as mayor Suarez pushes to make the Sunshine State the next Silicone Valley.

Tech = high paying jobs and massive growth potential, money that always finds its way into real estate.

https://www.bizjournals.com/southflorida/news/2021/06/04/inside-worlds-largest-bitcoin-conference-miami.html?ana=TRUEANTHEMFB_FL&utm_campaign=trueAnthem%3A%20Trending%20Content&utm_medium=trueAnthem&utm_source=facebook&fbclid=IwAR0MYoK7EULrEa9dImk1_Ue0_ctTfOvatcXea0YFnEzA-18MitZScFvphDg

Walkerville listed among "coolest neighbourhoods" in North America

WINDSOR’S HISTORIC AND TRENDY WALKERVILLE DISTRICT IS RUBBING SHOULDERS WITH MONTREAL, SAN FRANCISCO AND CHICAGO IN AN ONLINE RATING OF COOL NEIGHBORHOODS IN NORTH AMERICA.

https://windsorstar.com/news/local-news/walkerville-listed-among-coolest-neighbourhoods-in-north-america?fbclid=IwAR0Vlm6wkVjBHLMgR72_hrYSTFbrs33ZcbHoHuJEwPHmoZkp1OkB8guGLP8

Largest E Sports Facility in Canada Coming to St. Clair College

E sports is a perfect combination of tech and big business. Windsor continues to diversify more and more into technology; something we've sorely lagged behind other major Canadian cities.

Tech jobs are high paying jobs and attract talent from Canada and around the world.

https://windsorite.ca/2021/06/largest-esports-facility-in-canada-coming-to-st-clair-college/?fbclid=IwAR3UaI--sO8EEM57aGnCz1EfhXMDx13XM1AG6P7JbX1nVPe0hkkZ421xESA

Florida Just Passed A $15 Minimum Wage.

Florida's current minimum wage is $7.25, doubling to $15 hour will have a significant impact on real estate values and rental rates. This combined with the mass migration to the Sunshine State makes Florida a fantastic long term place to invest!

https://www.npr.org/2020/11/18/934476124/florida-just-passed-a-15-minimum-wage-is-the-time-right-for-a-big-nationwide-hik

Condo developer plans to buy $1-billion worth of single-family houses in Canada for rentals

My personal theory is that the housing shortage created by government policy (and exasperated by cheap money) will lead to real estate being concentrated in the hands of the wealthy. Future generations will, in general, be renters for either all of their lives, or significant portions of their lives. Windsor remains the most affordable city in Ontario making it ripe to attract this kind of investment.

What does this mean for real estate investors? Large pension funds, REITs, investors, and developers continue to snap up significant portions of supply which leaves less housing available for everyone else. When supply/demand is out of balance, prices and rents rise making the real estate investment class even more lucrative.

In short, don't wait to buy real estate, buy real estate now and wait.

https://granthshala.com/condo-developer-to-buy-1-billion-worth-of-single-family-houses-in-canada-for-rentals/

The rate at which Canadians are saving money has never been higher

With nothing to do, Canadians are saving at a higher rate than ever before. There is a lot of cash on the sidelines right now that should eventually find its way into the economy as things open back up. Many predict that the economy could skyrocket when we get back to "normal" which would be a huge boon for already robust real estate sales.

https://www.canadianrealestatemagazine.ca/news/canadians-credit-debt-is-shrinking-but-mortgages-surge-26-334688.aspx?fbclid=IwAR0iyLm0XDryf6qZwd3m7JLWnrAcpj9zvp3KPzYhlDPTksT9ttpEBU0Qs0A