Investing outside of your area (Live in KW - Considering Windsor)

[Jordan Gillespie]

I live in Kitchener-Waterloo area.  I have a duplex that I rent out 1 unit and live in the other.  I'm interested in other real estate investments, but the KW/Cambridge area seems too expensive to make it worthwhile.  There's a lot of good looking deals in Windsor - and I've been in touch with some mortgage brokers/realtors in Windsor.  I'm wondering if anyone has had experience investing outside of the area they live - how it's gone, if they'd suggest it - any information or opinions would be greatly appreciated.

Thanks!

[Scott Innocente]

In my opinion, Windsor is the place to be right now; low housing prices, high rents, demand far exceeding supply, and multiple catalysts including 2 major bridge projects (thousands of well-paying jobs for 7-10 year duration of the project), revitalization of downtown core, revitalization of Detroit, and investors from all over Canada flocking here to eat up already limited supply. 

I can’t think of a (somewhat) major city in Canada with the fundamentals that Windsor has.