Windor’s real estate market is the hottest in Canada, with housing prices increasing 17 per cent in the third quarter of 2020.
The new Royal LePage Housing Price Survey shows the average home price for any type of housing in Canada sits at about $692,000.
Although Windsor is far below that at an average of $325,000 across all types of housing, experts say the city is growing fast.
“Windsor is catching up with other cities in southern Ontario,” said Windsor mortgage broker Rasha Ingratta.
“The house prices have been lower in Windsor compared to the average price in other cities with a similar population and close to the Greater Toronto Area,” said Ingratta.