Windsor cheapest in Canada to buy a home, says Century 21

A new survey released by Century 21 says Windsor is the least expensive city in Canada to buy a home.

Report says average price of residential dwelling in Windsor is $94.64 per sq. ft.

A new survey released by Century 21 says Windsor is the cheapest place in Canada to buy a home. (Chris Wattie/Reuters)

A new survey says Windsor is the least expensive city in Canada to buy a home.

The report, commissioned by real estate firm Century 21 Canada, looked at the average square foot price of residential dwellings. The data was collected from Century 21 brokerages, and is not scientific.

The average home in Windsor is a detached house, with a cost of $94.64 per sq. ft, according the report. The next cheapest market is Moncton, with a cost of $99.84 per sq. ft. 

Topping the list is Vancouver, where homes cost an average of $1,210 per sq.ft.

Windsor leads the least expensive city list with an average price of $94.64 per sq. ft. (Century 21 Canada)

"Unfortunately, you've been affected in the Windsor market by what's taking place across the border, from a manufacturing point of view," said Brian Rushton, executive vice-president of Century 21 Canada in an interview with CBC Radio Afternoon Drive host Chris dela Torre. 

"It has not received the benefit that London has ... being fuelled by people from the Greater Toronto market moving out through that corridor."

The average price in London is $201.05 per sq. ft., nearly double what it was in 1997.

Rushton said that while there certainly is increased activity in the Windsor real estate market, he wouldn't use the word "booming" to describe it.

Brian Rushton is the executive vice-president of Century 21 Canada. (Century 21 Canada)

"Certainly, it's a very active market, the number of units are up according to the MLS statistics for the area. However, pricing is still at a very affordable rate when [you compare Windsor to] other areas of the country," he explained.

Tap on the player below to hear the entire interview with Afternoon Drive host Chris dela Torre.

Windsor is the cheapest city in Canada to buy a home. In London, the cost of housing has nearly doubled since 1997. Those are some of the results from a new survey from the people at Century 21. We spoke to executive vice president Brian Rushton. 6:04