I’ll buy that! Windsor in the middle of housing boom

Tuesday, August 12, 2014

The Windsor Star/Craig Pearson

Windsor is enjoying a mini-housing boom with 20 per cent more startups than this time last year.

The Canada Mortgage and Housing Corporation released a report Monday saying that Windsor housing starts were trending at 777 units in July, compared to 685 in June.

“The economy in Windsor is starting to pick up,” said Erica McLerie, a CMHC senior market analyst. “There are more manufacturing jobs. The population has started to increase a little after some years of negative growth. Things are starting to turn around.”

McLerie said all types of new housing are being built, as well, including single-detached, semi-detached and townhouses.

“Retirees are moving to the area,” she said. “They can move out of their home in the GTA (greater Toronto area), buy a house in Windsor, and have a lot of money left over to have a good lifestyle when they retire.” [Read More]