Like its sister city, Detroit, Windsor was all about manufacturing and industry. When the automotive industry crashed, it looked like the city was going to die a slow and painful death. Unlike Detroit, however, the City of Windsor was determined to turn the tide, throwing money into a number of revitalization projects. And they worked! The city has been revived, drawing young artists and creative types and giving everyone hope for the future. While this is great for the area, real estate agents are warning that rents are likely to skyrocket. So if you want to move to Windsor, best get on finding a place now – or you risk being priced right out of the market!
The Windsor housing market is set to explode, with prices expected to have the highest increase in the entire country this year. Why the sudden jump? It’s partly due to the millennials flocking to the city, spiking demand for housing. It’s also partly due to a growing interest from businesses and individuals looking to take advantage of Windsor’s prime location by the American border. With all the talk of how rents will shoot up over the next year, now is the perfect time to get into a place in Windsor, locking in the current deals that are available.
Typical housing type:
Single-family, detached homes.
In the past, Windsor hasn’t been the most diverse or welcoming place. That’s all changing now, though. There is a strong Middle Eastern community, as well as a growing Eastern European population. Basically, if the lack of diversity has pushed you away from Windsor in the past, it may be worth giving it a second look at this point.
Avg. rent by housing size:
Avg. rent compared to other Canadian cities
Windsor is 22% lower than the Canadian average