WINDSORESSEX, ON, Sept. 17, 2015 /CNW/ - "Empty nesters sitting on high-priced real estate should visit the 100 Mile Peninsula to experience how hundreds of families have reinvented their retirement options by cashing out and relocating here," says Krista Del Gatto, volunteer President of WEARCI (WE-ARE-KEY), the not-for-profit launched five years ago to help attract economic diversity to Canada's southern gateway region.
Since 2009, WEARCI estimates that 1,124 retired and semi-retired families have relocated to the region and purchased $276 million in properties, generating $56 million in ancillary spending and $15 million, annually, in retail spending throughout nine communities that shape the region.
Especially appealing for families hoping to retire early and comfortably, WindsorEssex offers 100 miles of peninsula lifestyle plus two islands featuring prime real estate at 30%-60% less than comparable properties across the country. New residents like to point out relocating has allowed them to purchase two properties for the price of one - a second usually in the southern U.S. for winter retreats. Or, as many boast, they safely tuck away a hefty nest egg!
"Our so-called new 'retired' residents are everything but," emphasizes Ms. Del Gatto, also Executive Officer of the 800 member real estate board, currently driving the WEARCI initiative. "Many have pursued new careers as 'seniorprenuers,' opening businesses, contributing to the economy, hiring and mentoring youth. Some continue employment as home-based consultants. Their dream has come true," she added.
Price, quality and location are key to the region's comeback. Compare a new oversized two-bedroom, 1,440 sf. condo located in east Windsor's Riverside area, listed at $229,900 (see photo) or a 1,100 sf. two-bedroom condo on Bob Lo Island overlooking historic Amherstburg for $244,900. Browsing http://www.windsorrealestate.com can be a game changer for early retirement.
"People are surprised to discover the natural amenities the Windsor-Essex region has to offer," adds Richard Wyma, General Manager of the Essex Region Conservation Authority. "World class birding; Carolinian species in our unique forests unlike anywhere else in Canada, and over 100km of trails built together by our community are just a few reasons that boomers cite for relocating to this area."
Got the urge to relocate? WEARCI partners are offering attractive discounts on accommodations, golf and dining when you register for a 50/50 Tour during October. Expect mild temperatures, blazing colour and plenty of fall festivities.
Tour guests will be assigned a knowledgeable, experienced Realtor® for touring communities and properties of interest they've identified on http://www.windsorrealestate.com and working with the agent. There is no obligation to purchase, or retain the Realtor®.
For a regional overview and 50/50 Tour registration, visit http://www.retirehere.ca/ecom.asp
SOURCE Windsor-Essex Active Retirement Community Initiative (WEARCI)
Image with caption: "Discovering incredible bargains on the 100 Mile Peninsula, empty nesters across Canada are cashing out and exiting high-priced markets for security and comfort. This new, two-bedroom, 1,440 sf. condominium located in a trendy Windsor neighbourhood, two blocks from Lake St. Clair, recreational parkland and trails, lists for only $229,900! (CNW Group/Windsor-Essex Active Retirement Community Initiative (WEARCI))". Image available at: http://photos.newswire.ca/images/download/20150917_C4426_PHOTO_EN_499684.jpg
For further information: Media Contact: Krista Del Gatto, President, WEARCI, 519.966.6432, [email protected]