Why is Windsor's Real Estate Market So Hot Right Now?

Everywhere I go someone always asks me "why is Windsor’s real estate market so hot right now"

Here’s what I’ve discovered: there is no one reason. There are about 4 major factors to why Windsor is finally catching up to the prices in other cities across the country.

However, we are still about $100,000 under the average sale price in Canada. 

Here are the 4 major factors: 

1.  Mortgage Rates - we have short memories.  In September of 1981 the mortgage rates were 21.5%.  In the late 80s we got our first mortgage at 13% and thought it was a deal.  Can you imagine that!

2.  Immigration -  New immigrants equals economic benefit propelling our economy.

3.  Millennials -  Our biggest demographic population are Millennials (sorry Boomers!) Lets talk specifically about Peak Millennials (27-32 years old).  61% of them will move to own their own home in a secondary city like Windsor.

4.  Baby Boomers - Currently make up 1.4 million of the population.  This group is expected to purchase in the next five years and 32% likely to buy a condominium - 56% of them feel their current area is unaffordable so they too are looking into affordable areas like Windsor-Essex County.


According to MoneySense magazine, Windsor is the #1 city in Canada to buy real estate in 2019.

Have more Real Estate related questions? Call 519-257-3260, or email me today!


 Beth Rezoski
Beth Rezoski Sales Representative 519-257-3260 519.735.7222 x 313

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