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Rank City Province Average house price Average 5-year rent increase 5-year vacancy rate change Time to Buy (Ave income to home price ratio) 1-year annual ROI 5-year annual ROI Sell Now: Ave Equity after 5 years Ave Household Pre-tax Income Ave % GDP growth (2013 to 2018) Unemployment % rate - 2018 1 Windsor (ON) ON $313,146 11.14% -49% 3.66 19% 11% $125,761 $89,078 1.8 5.4 2 Guelph (ON) ON $527,300 20.02% -22% 5.26 7% 8% $169,731 $83,010 2.42 6 3 Brantford (ON) ON $427,322 17.47% -48% 5.15 3% 9% $151,700 $100,175 2.42 6.2 4 Victoria (BC) BC $680,800 24.20% -57% 7.64 3% 7% $185,397 $79,556 3.15 6.2 5 St. Catharines - Niagara (ON) ON $393,500 13.84% -39% 4.95 7% 8% $120,578 $89,941 2.42 6.1 6 London (ON) ON $394,121 18.13% -30% 4.73 12% 9% $139,265 $91,999 2.42 5.5 7 Hamilton (ON) ON $587,300 25.58% -9% 6.04 5% 8% $181,681 $97,211 2.42 5.8 8 Abbotsford - Mission (BC) BC $822,100 34.47% -71% 9.31 -3% 10% $306,531 $83,246 3.15 7.7 9 Ottawa (ON) ON $400,800 11.17% -43% 3.98 7% 2% $37,940 $85,624 2.42 6 10 Kelowna (BC) BC $490,760 28.10% -5% 5.33 -4% 4% $92,281 $88,291 3.15 6.6 11 Peterborough (ON) ON $435,964 11.63% -69% 5.37 5% 9% $156,268 $88,727 2.42 7 12 Kingston (ON) ON $366,334 18.46% -74% 4.13 1% 5% $83,974 $100,760 2.42 6.5 13 Greater Sudbury (ON) ON $250,495 15.98% -19% 2.79 2% 0% $600 $81,114 2.42 7 14 Kitchener - Cambridge - Waterloo (ON) ON $490,484 24.64% 0% 5.16 3% 8% $153,268 $72,613 2.42 5.3 15 Gatineau (QC) QC $269,447 7.38% -76% 3.26 3% 2% $27,431 $67,274 1.7 7 16 Saguenay (QC) QC $178,290 2.65% 79% 2.46 10% -1% -$12,383 $96,915 1.7 7.8 17 Winnipeg (MB) MB $302,777 13.69% 16% 3.37 2% 2% $28,098 $82,672 2.1 4.8 18 Moncton (NB) NB $177,600 11.48% -68% 2.32 2% 2% $14,513 $76,600 0.97 5.9 19 Charlottetown (PE) PE $220,454 14.93% -98% 2.82 8% 6% $57,526 $96,423 1.57 7 20 Barrie (ON) ON $458,600 25.61% -3% 4.73 -4% 6% $119,976 $89,975 2.42 6.6 21 Durham/Oshawa ON $576,702 26.95% 30% 5.65 -2% 8% $189,210 $95,081 2.42 7.3 22 Toronto (ON) ON $767,800 13.39% -31% 7.01 2% 6% $180,679 $109,480 2.42 6.8 23 Trois-Rivières (QC) QC $166,280 4.17% -24% 2.47 8% 0% $2,441 $84,321 1.7 7.8 24 Vancouver (BC) BC $1,016,600 21.07% -41% 10.54 -6% 5% $205,992 $78,220 3.15 10.7 25 Thunder Bay (ON) ON $219,458 12.78% 88% 2.6 -10% 1% $10,753 $104,401 2.42 4.6 26 Montréal (QC) QC $353,400 12.57% -32% 4.28 6% 1% $25,093 $102,009 1.7 7.4 27 Regina (SK) SK $262,800 3.38% 328% 2.52 -5% -4% -$51,519 $69,032 1.77 6.9 28 Québec (QC) QC $266,239 6.97% 43% 3.28 1% 0% $2,444 $81,261 1.7 5.1 29 Saint John (NB) NB $184,513 5.53% -68% 2.32 8% 2% $14,830 $82,589 0.97 6.3 30 Sherbrooke (QC) QC $226,354 4.90% -51% 3.28 3% 0% $2,132 $79,586 1.7 8.2 31 Halifax (NS) NS $302,879 16.96% -50% 3.49 -4% 2% $26,065 $102,635 0.93 7.1 32 St. John's (NL) NL $285,287 2.10% 97% 2.78 18% 0% $391 $86,753 0.47 8 33 Edmonton (AB) AB $315,700 9.69% 279% 2.6 -4% -3% -$46,544 $121,620 1.8 8.1 34 Calgary (AB) AB $409,800 12.87% 290% 2.91 -4% -2% -$50,180 $103,445 1.8 8 35 Saskatoon (SK) SK $282,600 2.50% 207% 2.73 -3% -4% -$57,958 $140,919 1.77 9.4

Value Measures how affordable the neighbourhood is compared to the surrounding area and the region overall Momentum Measures how quickly prices are appreciating in this neighbourhood, with an emphasis on long term appreciation For more, please see our complete methodology

Not too long ago, Windsor, Ont., was the butt of jokes. Literally. In 2007, Stephen Colbert dubbed the southwestern Ontario city “the worst place on Earth”—and while many Canadians, not just Windsorites, took umbrage at the slur, others not-so-secretly shared his opinion.

Buyers and real estate investors started to question whether Windsor was a good place to buy a home shortly after the U.S. housing crash hit in 2008. Positioned across the border from Detroit, one of America’s most famous auto-towns, Windsor really felt the pinch of the global credit contraction. The nail in the coffin came two years later when General Motors announced the closure of various North American auto plants and parts manufacturers, including Windsor’s transmission plant.

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Almost overnight, this southern Ontario city became one of the worst real estate markets in Canada. Not only did the city’s housing supply rise rapidly, but prices also began to plummet as the city’s unemployment rate climbed. It was during this time that Windsor’s vacancy rate sat at the almost unthinkable 15%—the worst in the country at that time.

But the rule of investing—buy low and sell high—meant that a few risk takers were willing to buy into Windsor’s real estate market, and by 2015 their calculated risk had begun to take off. The city’s vacancy rate had dropped to just 4% while year-over-year sales activity increased by 22%. Fast-forward to 2018, and the city’s vacancy rate dropped again to 3%. It was the perfect formula for a housing market poised to offer great value and big momentum. Today, analysts still consider Windsor a city with lots of opportunities to grow (as long as U.S. President Donald Trump’s economic policies don’t spoil it).

While Windsor politicians did attempt to diversify the city’s economic prospects after the 2008–’09 global credit crisis, the city still relies heavily on the auto and manufacturing sectors; that means the city got hit again when Trump announced steel and aluminum tariffs. The possibility of auto tariffs in the wake of a NAFTA dissolution could result in a devastating economic hit to Windsor.