Table of Contents
This article was supplied to us by Rhys Trenhaile, he can be reached via his website.
The Extraordinary Litany of Development Announcements in Windsor and What They Mean Long-Term for the Investor
In recent years there has been a mixture of both private development and public development announcements for the Windsor area like we have never seen in the history of the city.
Broker Rhys Wyn Trenhaile of The Vanguard Team at Manor Realty Ltd. says since before anybody on his team was even born, there have been builders trying to catch up to the rapid increase in population on the private side.
Over the last three years Windsor has grown by 16,700 people, and it doesn’t look like it is going to stop anytime soon.
This is good news for the demand of skilled workers in multiple sectors including agriculture, manufacturing, and healthcare. Trenhaile said a lot of focus is the public infrastructure building, because at the end of the day governments are pretty good at predicting long term population growth and long-term economic growth!
Not even the pandemic has slowed things down very much. Ask yourself these questions.
Why would they build a $1.5 billion freeway, a $4.1 billion international bridge, and a $2 billion mega hospital?
Would they do that for a stagnating city? Would they do that for a city on the decline? “Of course they wouldn’t,” said Trenhaile. “You build like that in cities in regions where there is going to be a massive economic growth.”
Discover How To Develop Real Estate With This Step By Step Guide
A little-known fact by locals is that 60% of the international truck traffic between Windsor and Detroit, which is the largest international trade route in the world, only travel a maximum of 20 kilometers across the bridge.
Trenhaile says those trucks are doing business in Windsor. “If you are building a second international bridge you are doing it because you fully expect economic activity in Windsor to rise and continue to rise substantially.” For more information or to speak to an agent on where the Windsor economy is going in the long term and how you can take advantage of it as an investor, contact the The Vanguard Team at Manor Realty Ltd. (519) 250-8800 or visit www.thevanguardteam.com.
Investing Around The Development Announcements
Many investors often turn to announcements like these in order to plan their upcoming investments because they want to get ahead of the increase in property values that often comes with these development announcements. If you want to invest in real estate to take advantage of upcoming developments, click the link below for a free strategy call to discuss financing options.