Windsor area rents dropped in 2024 while housing prices stabilized
New build single family semidetached homes are shown in Harrow, Ontario.
The gap between new home prices and resale prices is too large, which has become a big challenge in Windsor's housing market. As Klundert points out, "New home construction is down significantly because the pricing gap between a resale home and a new home remains too large."
He said reducing that pricing gap would have a bigger impact than any interest changes the Bank of Canada could make.
Beyond interest rates, factors like tariffs and rising development charges are also shaping Windsor's housing industry.
How will these forces affect the future of homebuilding? Find out in the full article below:
