Windsor, Ontario is one of Canada’s best choices to start or expand your real estate investment portfolio. Located on the Detroit River across from the United States city of Detroit, Windsor is part of the most populous trans-border region in North America1. Anchored by the automotive industry and offering plenty of room for growth, this city might be the perfect setting for your next investment.
The Ambassador Bridge, which connects Windsor and Detroit, is the busiest commercial border crossing between Canada and the United States. 25 percent of all the goods traded between these countries pass over the Ambassador Bridge, making it an ideal location for those working in the trade or transportation industry1.
Windsor is steadily growing, with a population of over 336,000, and is culturally diverse. Many foreign-born immigrants choose to settle in Windsor1. The Windsor and Ontario governments are making population growth one of their chief foci, which is a positive sign for real estate investors1.
As of July 2019, the average rent for a one-bedroom apartment in Windsor is $820, and a two-bedroom apartment is $990—a far cry from Toronto’s $2,290 and $2,8501. Windsor currently has a strong demand for new single-family housing and student rental properties. This is largely fueled by the influx of international students attending the University of Windsor and St Clair College as part of their expanded international student programs2.
Investing in rental property should be considered a long-term investment that helps build capital. Consider whether your real estate investment has the potential to provide a better return when compared with other investments3. Owning and leasing property in Windsor is a great way to start and grow your investment profile4.
