Home Real Estate Pricey Windsor real estate pushes some to invest south of the border

Pricey Windsor real estate pushes some to invest south of the border

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A booming real estate market across Canada — including in Windsor-Essex in Ontario — has meant that for some investors, opportunities are drying up, and they’re turning their efforts toward the United States.

As recently as five years ago, Windsor’s properties were a steal. But with the average price of a home selling at a record $636,422 in the region in January — a 10 per cent jump from the month prior, and about 26 per cent more from the same time last year — investors say, thanks to bidding wars and dwindling profit margins, there are fewer opportunities to invest locally.

“When the prices are too high, they’re going to be looking at the outskirts,” explained Danial Malik, a broker at ReMax Preferred in Windsor 

The outskirts are not just communities in the county, but out of province, as well as south of the border. 

“These buyers are going to the states to look for more opportunities since they know that the prices are a…

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