Whether you live in Brampton and are looking at Toronto condos for sale or live in Windsor and are checking out the local real estate market, it always helps to make comparisons. You always want to make sure that you get the most bang for your buck no matter what you're buying. Be it a brand new car, high definition television or Toronto condos. That's why when you are browsing homes or condos in the Windsor, Ontario market, it's best to compare various real estate markets. If you were shopping for a home in Milton, Ontario, you would compare the Luxury Toronto Real Estate market to other markets. So, why not do the same when shopping the Windsor real estate market?
For instance, would it be cheaper to buy a new home in Windsor or another city in Canada such as Vancouver, British Columbia? Of course, in the long run, if you live in Windsor, the extra costs associated with uprooting from Windsor to Vancouver might be too much to handle. However, if you're just looking strictly at home prices, with no preference of location, then you're search should have no boundaries. There are plenty of Guelph real estate agents who are willing to communicate over the phone or through e-mail to sell you on Vancouver homes. Vancouver is a pretty popular destination for people which is why it's population more than doubles that of Windsor. Since it's so popular, homes in the Vancouver area can be quite expensive.
Helmut Pastrick, the chief economist for Central 1 Credit Union says that the average home in the greater Vancouver area sells for over $900,000. Now, of course that's just the average price. Which means you can buy houses for a lot less than that but homes will only continue to rise in sale price in Vancouver. Compare that to the average sale price of homes in Windsor which is $146,000 and you will notice a humongous difference. Just think of all the extra furnishings you can buy or home renovations you can pay for with the extra cash you save when buying a home in Windsor compared to Vancouver. Sure, you might not be able to go see the Canucks play live whenever you want but the Windsor Spitfires are one of the best junior hockey teams around.
Since Vancouver and Windsor are almost on the opposite ends of each other in Canada, you might want to compare Windsor homes to other cities in Ontario. Any London Ontario real estate agent prides themselves on being able to say that homes in London aren't that expensive but when compared to Windsor, you will notice a big difference. The average home in London, Ontario sells for just over $210,000. That's a difference of over $60,000. Windsor also stacks up well when you put it up the against other Ontario locations such as Kitchener-Waterloo where the average home sale price is around $270,000 or Hamilton where it's just a tad above $280,000 or St. Catherine's where the average home sells for about $220,000.
So, as you can see, you definitely can save a lot of money buy buying a home or condo in Windsor compared to other cities in Canada. Investing in Windsor real estate can be a very smart move.