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Vacancy Rates are on the Rise

Posted on February 4th 2025 by Lalovich

Windsor landlords may be interested to know that recent data shows some important insights about the local rental landscape.

Vacancy Rates on the Rise

The Windsor CMA’s vacancy rate has increased to 3.3%, a noticeable jump from 2% in 2023. While this signals a slight shift in the rental market, demand remains strong in many areas.

Rents are Still Increasing Despite Higher Vacancy

Even with more vacancies, the average two-bedroom rent in Windsor has risen by 5.4% year over year. This suggests that while more units are available, rental rates are still adjusting to meet market conditions.

Why Is Vacancy Increasing?

  • Cap on International Study Permits – Fewer international students mean reduced rental demand in certain areas of the city.
  • New Construction Activity – Several years of low vacancy rates encouraged developers to build more rental units, though many of these new builds are outside the city.

What This Means for Windsor Landlords

From our experience, rental demand remains high, but rent prices seem to have stabilized in certain segments. As a landlord, keeping a close eye on trends and adjusting your rental strategy is key.