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April 4, 2016
GRACE MACALUSO, WINDSOR STAR
First-time home buyers need not fear the Windsor-Essex red-hot real estate market, say local agents.
Despite overall rising prices and bidding wars in sought-after areas, it’s still cheaper to buy than rent, thanks to low interest rates, said Tim Campell, broker at Remax Real Estate.
A five-year fixed mortgage at 2.7 per cent “is free money,” said Campbell. “You can still buy cheaper than renting in Windsor.”
Bob Peters, sales representative at Remo Valente, said Windsor remains one of the most affordable housing markets in Ontario.
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