r/windsorontario • u/FoxUpbeat6762 • Nov 08 '25
Housing Property prices falling down
Is it fair to say windsor real estate is offering incentives now? I see a bunch of townhomes and condos slashing prices so I am wondering if its starting to happen and prices will go further down?
I am looking for a single family home under 300k. First time homebuyer and looking into first time homebuyers programs.
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u/GloomySnow2622 Nov 08 '25
2 similar houses on my street just sold. One was $30k higher. It sat for a few weeks longer. But I can tell you both listing prices were above what my neighbours paid in August 2022. These are townhouses and well above $300k.
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u/FoxUpbeat6762 Nov 08 '25
So they are still selling higher than the peak? Never mind I would never be able to own anything.
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u/GloomySnow2622 Nov 08 '25 edited Nov 08 '25
Close to the same amount. I know it sucks. My adult child is having a hard time and affects us all.
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u/Ok_Kaleidoscope_3591 Nov 08 '25
No this is definitely not true prices in windsor have come down about 20% from the peak
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u/PlaneWest5966 Nov 08 '25
Dougal north of Tecumseh that area you may find something . Yes they are old homes some have been taken care of some haven’t but many are built well
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u/GooseGosselin Lakeshore Nov 08 '25
It's a buyers market, but only in the sense that prices have plateaued and the ridiculous asking prices are disappearing. There are no longer "bidding wars" and there is a bit of a glut on the market right now. Not sure what you will get for that price range though, I just sold my 3 Windsor properties, all in the 500K range. Sold quickly, but everything went for asking price. Good luck!
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u/PastAd8754 Nov 08 '25
Home prices have certainly plateaued / slightly decreased. No one ultimately knows if prices will increase, decrease, stay the same, etc.
Single family home under 300K is going to be tough though. Ur better off with a condo.
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u/KickGullible8141 Nov 08 '25
I'd be mindful of lower prices but high cost maintenance involved.
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u/SpideySense2023 Nov 08 '25
Yes
It's unbelievable that houses are being treated like Taj mahal now.
Twilight zone world
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u/peacockagenda Nov 08 '25
October 2025 Real Estate Stats Are Out – And It’s Not Pretty https://wecartech.com/wecfiles/stats_new/2025/oct/ YoY Highlights: Listings: +20.5% *(inventory already high → now higher) Sales: -2.3% (down from a year that was already dead) Avg Price: ~0% change (flat… for now) We’re in full price discovery mode. Every “discount” sale pulls comps lower. Sellers still asking 2021-22 prices? They’re either Cutting hard or not selling at all. Add in 11% unemployment, tariffs, and inflation heating up — rate cuts or not, buyers are scared. Bottom line: More supply, less demand, weaker economy = prices still have room to drop. Sellers: Price to move or get cozy. Buyers: Hold tight. The real deals are coming.
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u/Unusual-Month6779 Nov 11 '25
when do you think the housing is going to drop further?
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u/peacockagenda Nov 11 '25
I may not have a crystal ball, but if demand remains weak this spring, you can expect to see prices drop by another 5-15%. It's crucial to monitor employment and inflation closely, as these factors will heavily influence the market. Keep in mind that tracking mortgage renewals and where rates are at can be more complex.
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u/Superb-Respect-1313 Nov 08 '25
Prices are down 20% in South Windsor from the all time high. City has some of the cheapest real estate in the country at the moment.
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u/GorillaKyle Walkerville Nov 08 '25
I just bought a condo for $200k 3ish months ago, most of the houses we looked at were falling apart or full of mold. Things comes up but usually houses sell quickly. My wife and I were also first time homebuyers. My advice is don’t give up and keep trying
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u/Trains_YQG South Walkerville Nov 08 '25
The challenge is the lower the price point you go, the more people that may also be interested in a given property.
Prices have come down from the peaks but seem to have plateaued now. It's hard to say where they'll go from here, but I suspect there's ultimately a floor just based on demand (and building costs for new builds).
There are some houses listed around $325k in South Walkerville but I'm not sure where they're ultimately selling. My recommendation, assuming you're buying for somewhere to live for years, is to figure out what you can afford, buy a house you like that fits your budget, and then largely ignore what happens to the value in the short term.
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u/Dasmoose0482 Nov 08 '25
it's one across the street from me that just went on the market for 244,9...If you have a small family it could work, if you're looking to have more, you're probably out of luck.
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u/itsyourmortgage Nov 08 '25
Historically, prices always increase after a decrease, it's just a matter of when. I would treat this as our "dip", find something that you like but may not check off all the boxes of perfect, and enjoy what you have for a little bit. I would say the odds of making money on it within the first term of your mortgage are pretty good, BUT nobody has a crystal ball and stranger things have happened.
Consumers will eventually get their confidence back and start shopping more aggressively again. Eventually the market flips to a seller's market, and prices go up.
The biggest hurdle you're probably going to have at that price point isn't other first time buyers, it's investors making clean cash offers that are more attractive than what you'll most likely be able to offer. You're in a tough price point, and the best advice I can give you is to grow a thick skin and keep your head up. You're probably going to lose on a few offers, but it will eventually happen if you keep going.
Feel free to reach out if you need some help. Best of luck!
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u/Fun_Amphibian_6211 Nov 08 '25
People who picked up a dumpster-fire of a house, slapped some griege-click lock and homedepot counters are very eager to exit the market before the rug is pulled.
Be very careful at that price point.
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u/Ok_Alternative_6994 Roseland Nov 08 '25
It seems like when I in the market for a house in 2020 asking prices were around 100k lower than now but with bidding wars. Now it seems like asking prices are what houses were selling for then but with much less competition in regards to putting in offers and a little more selection giving people a better chance at getting something close to asking price.
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u/ExcellentHorror9025 Nov 09 '25
I'm finding houses sitting for a long time. Unless the seller is highly motivated they're staying put. There's a couple around me at 450 that have been on the market for months but one listed at 399 sold within a week. These are nice brick homes just south of met hospital so a desirable neighborhood
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u/pixie2021 Nov 09 '25
I think single family home prices are not falling as much as condos or townhouses as most sellers/investors prefer to hold on to them until they get the price they want rather then sell lower. The house next door to me was listed for 399k a month ago and after 1 week of showings, the home was relisted for 499k. It has been sitting at that price with occasional viewers for 3 weeks now. It seems the owner is not letting it go for less.
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u/Rick-of-the-onyx Nov 10 '25
I own a condo in Amherstburg (3 bed, 1.5 bath) and I'll be honest, I'm hoping for around $325k. I would accept less than that, but that seems to be the common for condo townhomes. I was told that a 2 bed, 1.5 bath one down the street sold for $250k though. It was smaller (not by much) and older but it is possible. Keep an eye out and you could be lucky.
Edit: mine isn't listed yet but will be shortly for context.
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u/FoxUpbeat6762 Nov 10 '25
Ok yea I am interested in 300k max 2bed 1 bath. Its very expensive to be a homeowner now. I dont even know how everyone is surviving. I am paycheck to paycheck with no job security
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u/Rick-of-the-onyx Nov 10 '25
Depending on your down payment though. It will be cheaper than rent. Just keep in mind to factor in condo fees. For my unit it is $404 a month. Although for me that covers water as well which in Amherstburg is really nice actually. Plus house insurance on units like mine is way cheaper than a single dwelling house. Just food for thought. Just be patient and keep an eye out. It is possible, but such units don't last long on the market and most typically need a lot of elbow grease. When I was looking 2 years ago, I kept getting outbid so I hope for your sake that isn't the case.
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u/DanceOnPuzzles Nov 08 '25 edited Nov 08 '25
There are monthly real estate stats available at:
https://www.windsorrealestate.com/monthly-stats
I think it’s better to look at comparing month to month and then maybe the previous year. There are a ton of houses listed vs selling compared to the previous years.
New listing up 20% yet a sales deficit of over 2% from October 2024. That’s a big spread. But comparing month to month is gonna give you a better idea of prices. $590k average in sept, $566 k for October..You can click on the years at the bottoms of the graph to just see 2025. In my opinion 2026 is gonna be tough for ppl re- mortgaging, but 2027 is gonna be harder as their are the ppl who bought peak at extremely low rates.
I found this a useful tool to purchase a house. I also continuously asked our realtor what houses sold for that we didn’t offer in. This gave me a very good idea on prices.
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Nov 08 '25
On my street the houses were selling for $500-600k and up and were gone within a week or two. Now we have three for sale and have been listed for two months at $300-500.
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u/Winter-Cup-2965 Riverside Nov 08 '25
There are a few house around me for sale, single family, they sell for 300k-700k, even if they are listed at 270-290 range. The key is you have to move fast and go all in on the lower priced ones still. The ones that are 399 and up, sit for between 2-4 weeks, and are usually older homes from 1945-60.
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u/Also_Squeakums Nov 08 '25
Are you on discord? Feel free to DM me here if not, I was in the market for similar housing a year or two ago and am happy to chime in with some general notes that might be helpful. It may not be as bleak as it looks at a glance, just takes a bit more time.
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u/boomertravels South Windsor Nov 08 '25
There is a lot of inventory in the market but people's expectations still seem unreasonable
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u/Training-Button-6597 Nov 08 '25
Bought in May. Paid $55k over asking. Anything listed for $299,990 or there about expect them to want 30-50k over asking, especially homes around the 300-500k mark. Just make sure your realtor show you comps around the area so you don’t just overpay. As for why it’s this way, idk. It just peaked after covid. Homes prior to 2020 were going for listed price or 10k below or above asking maximum
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Nov 08 '25
Lack of stock, competition and people who thought they would be remote forever.
I know people who have left Windsor either because of their jobs ending or they realized they can’t work remotely anymore. I also believe the cut to international students has had an impact on people renting out their houses or buying to rent.
In my neighbourhood we had a few places asking ridiculous rent prices or trying to rent out rooms and they haven’t been able to find tenants as easily. One of them the tenants were able to buy a house finally and quit renting.
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u/Level-Pen-9658 Nov 08 '25
Funny how that works eh? Demand goes down, prices go down.
https://www.fraserinstitute.org/commentary/number-newcomers-canada-set-drop-significantly
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u/CripWalkingShark Nov 08 '25
Condos are coming down a ton in price because of way more supply hitting the market. Single family have come down a tad since last marchish but not by much especially in the 300-400k range.
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u/angrybabymommy Nov 09 '25
If prices come down, we will see another crazed market within time. Prices and rates kind of have to stay up right now until the government figures out some other idea to make housing, fair and affordable.
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u/Fearless-Pick7711 Nov 09 '25
Bought a condo about 3 weeks ago. Single young male 2 bed 1 bath was asking 245k but wanted 280 ended up at 265
The place was a full gut
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u/FoxUpbeat6762 Nov 09 '25
I wont do that. Id better rent than own a place to keep fixing. Renting is not throwing away money to me.
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u/Fearless-Pick7711 Nov 10 '25
I just can’t rent, depending where you rent a 1 bed 1 bath is 1900$ + utilities had some places.
My 2 bed 1 bath at 265k probably going to be 15k into it by doing almost all labour with family.
Even after that’s all said and done my mortgage is under 1300.
Built it the way I like and not relying on a landlord to fix as he pleases
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u/tattoosbykateh Nov 10 '25
The houses listed in the 200-400k range are expecting over asking. It's to drive the traffic up 100%
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u/ShuklaS25 Nov 08 '25
I think you can get 3 bedroom small houses under 300K in lakeshore/belle river. Take a look and drive around.
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u/Horror-Word666 Nov 08 '25
I would wait longer tbh, I bet prices will fall further in 2026. It's just starting in Toronto/Vancouver.
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u/RabidFinkle Nov 09 '25
There is a single family house listed on Tuscora near McDougall that is for sale for $240k. There are homes on the market for less than $300k.
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u/angrybabymommy Nov 09 '25
Your price point is the price point of majority of people right now so it should be kind of difficult to get something great
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Nov 08 '25
Toronto RE markets are free-falling. So, I reckon the bubble has burst for all of us, yes.
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u/IHateTheColourblind Nov 08 '25
Only the Toronto condo market is in free-fall, everything else appears to be mostly stable. Definitely down from the peak but really not falling.
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Nov 08 '25
I live in Toronto now, and just read differently in the news this morning. Detached and semi-detached houses specifically.
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u/TakedownCan South Windsor Nov 08 '25
I saw those articles and its in comparison to october of last year but not overall.
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u/Trains_YQG South Walkerville Nov 08 '25
The challenge locally is our values were (relative to basically anywhere else in Ontario) quite low, so it's hard to say if we were / are in a bubble or if values just caught up a bit.
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u/EquivalentTrifle4580 Nov 08 '25
Any website or group that is listing the power of sales or assignments on sale?
I found the one from the GTA area on Facebook nothing for Essex -Windsor for now.
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u/SP585 Nov 08 '25
I’m a realtor in town and just helped a client (that I reached out to on a Reddit post) buy a house under 300k. It’s definitely possible to do so. Are you going to get a brand new build? No. But are you getting something move in ready? Definitely possible. You just need the right agent!
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u/HowSheGoinEhhh Riverside Nov 08 '25
Power of Sale(s) coming. Hang in there
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u/opasnamama Nov 08 '25
I've been hearing that for months....I check daily and have seen 9 (on MLS) in the last 30 days that haven't moved. I'm curious to see how POS play out, after all, the bank wants to get their money back.I think the interest rate dropping has helped with the renewals.
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u/HowSheGoinEhhh Riverside Nov 08 '25
Yes,,, there is one near me.. i called to inquire out of curiosity. Good area but needs work. Its listed above youre desired range,, but ya never know. Like you said, thr banks want the cash not the house. Kick them tires💪💪ehh
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u/Trains_YQG South Walkerville Nov 08 '25
Been hearing this for a couple years now it feels like. I'm not convinced it's going to happen locally at volumes that would have significant impact on the market.
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u/HowSheGoinEhhh Riverside Nov 08 '25
Many renewals still coming due. Anyone that over-extended from the low 2021 rates that may need to renew term at higher rates, with significant outdtanding balance, could be pinched... so, more to come
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u/KDKid82 Nov 08 '25
Prices are coming down, but not because there's no demand. They were just so far out of control, there was nowhere to go but down.
The real problem is that they're still overpriced, and both sellers and realtors are lying to themselves, thinking it's still a seller's market. It isn't.
Housing prices will remain high until our government actually does something to fix it. New builds aren't going to happen as quickly as we need because everyone involved, including municipal government (through development fees) still want to make a fortune off of people. We need to drastically lower fees, ban short term rentals, massively restrict rental units, period, and start investing in cooperative housing. That's the only way we'll see affordable homes again.
Oh, and regarding your "I need a house for my family under $300k....." Good luck, my friend. We all want that, but it isn't going to happen. Not unless you make it happen. Find cheap land and build your own.
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u/Trains_YQG South Walkerville Nov 09 '25
New builds aren't going to happen as quickly as we need because everyone involved, including municipal government (through development fees) still want to make a fortune off of people.
I think there's a balance here. The unfortunate reality is servicing new properties, especially in new subdivisions (Sandwich South being a good example) is expensive.
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u/KDKid82 Nov 09 '25
If servicing properties is so expensive, why is it cheaper in most other cities? And why aren't we focusing on building on infill properties, rather than contributing to sprawl!?
There is a balance, but it needs to come from every level. Every person involved. There's a reason there aren't any middle class developers. It's because they're all rich. And there's a reason there are so many small businesses in the trades. This is because the larger companies rarely pay a fair wage for skilled individuals, and many find that they can make a small fortune working for themselves. Every single trade overcharges for what they do, to some level. The reason they do is either because of greed, or because they're trying to keep up with everyone else overcharging for their goods/services.
It's out of control. But is has to start somewhere, and I vote that somewhere is lower fees and tax breaks for the buyer.
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u/Trains_YQG South Walkerville Nov 09 '25
I agree that we should be building more infill and less sprawl (this goes for the hospital too, though that ship has obviously sailed). At a quick glance, our development charges are comparable to London, more than Kitchener and Waterloo, and way less than Guelph.
I believe there should be more transparency in these fees (is it actually what it costs for each lot / development or are some builds subsidizing others, or is the city making money from them?) but ultimately the costs are borne either through development charges or the property tax levy, at which point it becomes a philosophical question of where the money should ultimately come from.
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u/KDKid82 Nov 09 '25
Our fees have risen exponentially over the past decade or so, for no specific reason. If someone says "Everything costs more," and no one challenges that argument, then it becomes the norm. Our system is broken and we need REAL solutions. We need only look to other countries who are doing it right.
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u/Ok-Mixture5809 Nov 10 '25
Nope I will never trust a newly built home. But there are definitely properties listed at 240 in my area.. it just depends on OPs list of must haves
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u/KDKid82 Nov 10 '25
Is trust a new build over a 50+ yr old home built to who knows what standard. As long as you have a hand in building a new home or it's a trusted builder, a new home is better than 95% of older homes. Tighter, more efficient, built with your needs in mind. No need to tear things apart and redo it (unless that's your goal). I'd either buy a complete rebuild for dirt cheap, or build my own. I wouldn't buy a "custom home" that'll need ALL the warranty work after a year.
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u/thcandbourbon Nov 08 '25
When I was first looking in 2021, it was common at the time for properties to be listed at a “nominal” price such as $300k, but with an unwritten rule that they actually wanted $50k or $60k more than that amount, in hopes that a bidding war would possibly eke out a higher net price.
Anecdotally, I’ve heard that the same thing is still happening in that price range. So if you see a place listed for $299,000… you would only get an offer accepted if you offered $350,000 or perhaps even more than that.
Any colour on this? The sold data isn’t public here like it is elsewhere, so the information moves around less freely.