Foreclosed 3 bedroom house in Windsor, Ontario selling for under $30,000…yet no offers on the property…



If there is a real estate bubble in Canada, you sure can’t see it from Drouillard Road.

Three-bedroom houses in this hardscrabble neighbourhood can be had for less than $30,000. Yet there are no offers. Several houses on the busy semi-residential street sit empty, with foreclosure notices posted in their front windows. Nearby, corner stores that used to be open 24 hours a day have shut down.

It’s a far cry from the Toronto and Vancouver markets, where prices are leapfrogging and dinner-party chatter has once again turned to the latest neighbourhood bidding wars.

Read the full article, “The home price puzzle” in the Globe and Mail (Feb 19, 2010).

Developments featured in this article

More Like This

Facebook Chatter