The 2025 real estate market in Barrie, Ontario has been quite steady over the first three quarters of the year. Many buyers have been carefully watching the market, and waiting for the right moment to take advantage of lower interest rates and a more affordable purchase price. As more inventory became available for sale, many sellers had to adjust their expectations and refine their list price to stay competitive.
Market conditions in the first quarter of 2025 closely resembled those in the same period of 2024. A total of 97 condominiums were sold, with an average time on market of 43 days and an average sale price of $520,738. Although there were more units that sold this year, the average sale price, number of condo units that sold and the average days on market all stayed relatively the same. Barrie started off the year with 164 condominiums for sale in January and closed the first quarter out with 198 units on the market.
Had there been more active buyers earlier in the year, the gap between supply and demand could have narrowed. However, demand remained subdued, while inventory continued to gradually rise.
At the beginning of the second quarter there were 258 condos for sale in Barrie and by June, there were 284. This was almost double the number of condos available compared to January. Inventory was increasing at a faster rate than properties were selling.
One of the primary reasons that inventory grew so rapidly over a short period was that many sellers anticipated an increase in buyer activity following the Bank of Canada's decision to lower the prime rate. After seven consecutive rate cuts, many had speculated buyer activity to increase with the arrival of the spring market. However, the anticipated surge in demand did not materialize.
During the second quarter of the year, there were a total of 102 condominiums that sold in Barrie, up only slightly from Q1-2025. Although the average sale price dropped to $508,573, condos were selling faster, spending just 37 days on the market on average. That said, some of the properties that did sell may have been on the market for an extended period but could have been relisted at a lower price, which can distort the actual number of days it took to sell.
In the third quarter, there were a total of 99 condominium units that sold in Barrie. These units took an average of 48 days to sell and recorded an average sale price of $524,304. Barrie began Q3 with 278 condo units on the market, but by the end of the quarter, inventory had declined to 258 units —returning to April levels.
As one can see, the overall condominium market in Barrie has been quite steady throughout 2025.
Let's now isolate September’s statistics:
Last month there were a total of 25 condo apartments that sold in Barrie. The average sale price for a condo apartment was $589,740 and units took an average of 60 days to sell.
There were only 7 condo townhouses that sold with an average sale price of $518,000. These units took an average of 29 days to sell.
This September marked the strongest performance for the month in the past five years in terms of average sale price. Despite overall market challenges, including limited buyer activity and increasing inventory, the average sale price reached a new five-year high for the month. This suggests that while the volume of transactions may have been lower, properties that did sell were likely in desirable locations, priced accordingly, or reflected continued demand in specific market segments.
Three reasons why the Barrie condo market has been slow in 2025:
1. Buyer confidence has been low. There was still uncertainty in the market as the unemployment rate in Ontario last month was 7.9%.
2. Much of the inventory on the market is still overpriced. Buyers have different expectations than sellers and they are waiting for sellers to adjust their list price.
3. Many buyers are still watching the market in hopes that interest rates may drop further before the year ends.
While the market may slow down over the winter, it’s a promising time for buyers, as indicators suggest Barrie could be approaching the best purchasing opportunities of the market cycle.
There is currently a total of 234 condominiums for sale in Barrie, Ontario; 174 condo apartments and 60 condo townhouses.
*All stats are based on listings sold with the Toronto Regional Real Estate Board
CURRENTLY FOR SALE WITH BARRIE CONDO CORNER:
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Read our previous report for the Barrie condo market - SEPTEMBER 2025
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