Average home value in Windsor doubled in 5 years: Statistics Canada

0

New census data shows the cost of a home in Windsor has doubled in five years, raising affordability concerns.

“When housing prices double in a community and you look at incomes and they don’t double with housing prices, that’s going to create challenges getting into the housing market for people across the region,” said Frazier Fathers, researcher, blogger. and podcast host.

The average home value in 2016 in the city of Windsor was $204,510, according to Statistics Canada, compared to $410,000 in 2021.

During this period, housing costs for tenants – which include rent and basic utilities – have also skyrocketed. Average monthly spending for Windsor renters has increased by $250 per month.

Lorraine Goddard, executive director of United Way/Centraide Windsor-Essex County, said the availability of affordable housing is not keeping pace with need – and more needs to be done.

“We see this very clearly with the work that United Way is doing in our priority neighborhoods,” she said. “We really need to push harder because this…is going to require a partnership between the federal, provincial and municipal governments.”

Ownership rate relatively stable

The homeownership rate in Windsor-Essex has declined slightly over the past decade, following a national trend, but the rates are higher than Canadian and Ontario figures.

In Windsor-Essex, 72.5% of people owned their home in 2021, up from 73% in 2016 and 74.3% in 2011.

Share.

Comments are closed.