Windsor Real Estate Updates Vol. 3

Big changes coming, world-class video, Amazon in Windsor, and more!

Author

Justin Veldhuis
October 16, 2024

This is HUGE for Canadian real estate 📈

  • Starting January 15, 2025, homeowners can get insured mortgage refinancing to add rental units like basement suites or laneway homes (up to 4 units).

  • Homeowners or close family must live in one unit, and the new rentals can’t be short-term.

  • Loans can cover up to 90% of the home’s value, with a maximum property value of $2 million.

This change could transform the real estate market, helping homeowners add value and create more rental spaces - bullish on income-generating opportunities becoming more accessible in real estate.

World-class real estate videography 🎥

A close friend of mine and our team videographer, Eric Visuals, has been killing it. Check out his latest work for “ The James Bond Compound”. What a story being told.

Looking to see what story your property can tell? Let’s chat. 📲

Amazon boosts Windsor economy with new delivery station 🚚

Here’s why it’s great for Windsor:

  • Job Creation: The new facility will create local jobs, boosting Windsor's economy.

  • Faster Deliveries: It will speed up deliveries for Windsor-Essex residents, enhancing convenience.

  • Support for Local Businesses: The station will assist smaller businesses by improving access to efficient delivery services, especially during the holiday rush.

This development is a positive step toward further growth and connectivity in the region.

Amazon to open new last mile delivery station in Windsor ahead of holiday rush

The new last mile delivery station in will be open by the end of October – last mile facilities sort scan and prepare customer packages before they are loaded onto delivery vehicles.

windsor.ctvnews.ca/amazon-to-open-new-last-mile-delivery-station-in-windsor-ahead-of-holiday-rush-1.7063681

A rate cut has to happen…✂️

Canadian inflation plummets to 1.6% in September opening the door for bigger Bank of Canada rate cut

Most economists now predict a 50 basis points interest rate cut at the Bank of Canada's next meeting on Oct. 23 to try and breathe life back into a faltering

www.thestar.com/business/canadian-inflation-plummets-to-1-6-in-september-opening-the-door-for-bigger-bank-of/article_ac9ddb08-87ef-11ef-94dd-4fb8d86894f2.html?utm_medium=social&utm_source=copy-link&utm_campaign=user-share

Any shares and critiques are greatly appreciated - they go a long way toward improving this newsletter. 🙏

Thanks for reading up to this point, see you next time! 👀