The Ontario government has introduced the Protect Ontario by Building Faster and Smarter Act, aiming to streamline planning rules and accelerate the construction of 1.5 million new homes by 2031.

Key highlights:

• Simplifying and reducing municipal development charges (MDCs), potentially saving up to $135,000 per home

• Investing an additional $400 million into essential infrastructure like water and wastewater projects

• Harmonizing building standards to fast-track major projects like the Ontario Line and the Ring of Fire

OREA President Cathy Polan supports these initiatives, stating they are vital steps toward making homeownership more accessible for hardworking Ontarians.

Read the full statement: https://www.orea.com/resources/media-room/press-releases/May-12-2025

Over the past 3 months, Windsor’s real estate market has shown a clear shift toward buyer-friendly conditions:

More listings: Inventory climbed steadily, giving buyers more choice.
Prices stabilized: Average prices hovered around \$550K to \$590K, with some cooling in February.
Buyers cautious: Interest rate cuts haven't fully revived urgency yet.
Sellers adjusting: Staging and pricing smartly are more important than ever.

Looking ahead from May to July 2025, we expect a modest rebound:

Prices are forecasted to rise about 3.5 percent.
More listings are coming, but inventory will stay relatively tight.
First-time buyers, move-up families, and retirees remain active.
New construction may slow for condos but will continue for detached homes.
Local economic growth and job demand will continue to support housing needs.

Takeaway:
If you're buying, now is a great time to explore your options before competition picks up.
If you're selling, make sure your home is well-prepared and priced right to attract attention.

Thinking of making a move this summer? Let’s chat—timing is everything.
Message me or call anytime.