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
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 -
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!