Windsor has seen continuous economic growth in recent years. Driven by manufacturing and tourism, the economy has also fueled the local real estate market, which has seen big year-over-year growths.
Also, the cost of living in here is much lower compared to the Greater Toronto Area and the surrounding areas, which makes Windsor an attractive place to relocate to.
Neighbourhoods
Windsor is comprised of 4 main sections: Downtown, East End, West Side, and South Side. There are many safe and attractive neighbourhoods
throughout the city, among which some of the most popular include South Windsor and Riverside. The real estate landscape is mostly comprised of houses rather
than condos, even in the City Centre.
Downtown Windsor is the area where most of the city’s businesses are located. Neighbourhoods here include Heart of Windsor (which is the official name for
Windsor’s Downtown Core), Little Italy, Walkerville, and South Walkerville.
South Walkerville is one of the oldest residential developments in Windsor, while Walkerville is home to some of the most beautiful historic buildings in the city.
The West Side is rich in history and architecture and is home to the University of Windsor, which is located in the Bridgeview neighbourhood. The Ojibway
neighbourhood in the south-western part of Windsor is mainly a semi-rural area.
In East End, some notable neighbourhoods include Forest Glade, Fontainebleau, Little River Acres, Riverside, and Roseville Gardens.
Forest Glade was built in the 60s and 70s, and it was the place to be at that time. Before the 60s, the neighbourhood was farmland. The real estate
landscape here consists mostly of single-family houses and condo buildings. Fontainebleau is dominated by homes built in the 1950s and 1960s, while Little
River Acres consists of single-family homes built in the 1970s.
Windsor is one of Canada's hottest real estate markets.
The average home price in Windsor in 2016 is $217,000, climbing steadily month after month.
Most frequent listing prices are $100,000 - $140,000, followed by $140,000 - $180,000, and $180,000 - $220,000.
Average Home Price: $169,900
Average Rent Price: $743.50
Average Condo Price: $149,900
Average Detached Home Price: $227,870
Home Style
Average Price
2 storey
$187,127
Bungalow
$185,854
Condo
$149,900
The following table, based on data taken from the Canadian Real Estate Association (CREA’s) National MLS® Report for April 2016 (the latest information available), demonstrates how homes in LSTAR’s jurisdiction continue to maintain their affordability compared to other major Ontario and Canadian centres.