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The Barrie condo market has been quite steady over the summer. The number of condo units that have sold was consistent month-over-month and the market was relatively predictable.

In August there were a total of 35 condo apartments that sold in Barrie. These units took an average of 45 days to sell and the average sale price was $514,692. Although these prices were not favourable for sellers as prices dropped 10% year-over-year for the month of August, many buyers were able to take advantage of more affordable purchase prices and lower interest rates. 

Sales in the condo townhouse sector in Barrie were also slow throughout the summer with only 9 units that sold in August. The average sale price was $467,544, which was down 9% year-over-year. The average days on market to sell was 42 and units were selling for 98% of the list price. 

There is just short of 8 months of condo inventory on the market, which puts the Barrie condo market in a buyer’s market. 

5 Reasons to Buy Real Estate in Today’s Market

1. Lower Prices = Big Savings 

In a buyer’s market, there are lower entry costs which make it more affordable for first-time buyers and properties are more attractive for investors. 

2. Greater Negotiating Power

When there is a surplus of inventory on the market, buyers have the upper hand when it comes to negotiating. If they find a seller’s terms unfavorable, they have the flexibility to explore alternative properties.

3. Time to Explore and Learn

When the market is slow, it gives buyers the opportunity to take their time and learn about the buying process and options. Purchasing property is a huge life decision so rushing into it can be risky. 

4. Better Value & Long-Term Equity

Purchasing when prices are low gives buyers a better chance to build equity as the market recovers and avoid overpaying in a hot market when bidding wars push prices up.

5. Less Pressure, Less Stress

A buyer’s market is typically calmer with fewer active buyers, less bidding wars and more motivated sellers

When purchasing real estate in a buyer dominant market, buyers can take their time and not feel rushed, do thorough inspections, compare financing options, and avoid overpaying.

With the most recent announcement from the Bank of Canada on September 17^th, 2025, where the policy interest rate was cut another quarter point to 2.5%. It is thought this could prompt buyers to purchase while the market is still slow during the final quarter of the year. 

There are currently a total of 267 condominiums for sale in Barrie, Ontario; 181 condo apartments, 77 condo townhouses, and 9 leasehold condos.

*All stats are based on listings sold with the Toronto Regional Real Estate Board

CURRENTLY FOR SALE WITH BARRIE CONDO CORNER:  

FOR SALE - Garden view with rare owned boat slip on Lake Couchiching CLICK HERE

Read our previous report for the Barrie condo market - AUGUST 2025

Would like to read more about: 

Why do condo fees differ between Buildings/Corporations? CLICK HERE
The Lifestyle CLICK HERE

Would you like to stay up to date on the Barrie condo market? Subscribe to my monthly market report TODAY!
 

Thinking of making a move? We are a CONDO FOCUSED team that has served the local condo community for over 9 years and have over 20 years experience serving the condo industry. We would be honoured to have the opportunity to discuss how you can net the most money in this market. CALL TODAY to book your FREE CONDO EVALUATION :)

There's a difference between working with an agent and working with a CONDO AGENT. Make the right decision and WORK WITH AN EXPERT! 

Condo buyers in Barrie continue to be cautious as we move through the summer months. Although interest rates have come down this year, many buyers still question what is in store for the real estate market in the short run and are watching the market closely.

Condominium sales in Barrie have been quiet for most of the third quarter so far. In July there were a total of 33 condos that sold in Barrie and only 11 in the first two weeks of August. Historically, real estate sales tend to decline during the summer months, as many buyers temporarily shift their focus to seasonal activities such as cottaging, camping, festivals, concerts, and travel. So it does not come as a surprise that sales were down.

In July, there were 22 condominium apartments that sold in Barrie with an average sale price of $518,477, which was a 12% decrease year-over-year for the month. Although units were selling relatively close to the seller’s asking price, the average days on market to sell these units was 48 days and some sellers had to go through multiple price adjustments before achieving a successful sale.

The condo townhouse market was also down 12% year-over-year for the month of July. Last month there were only 11 units that sold and the average sale price that was recorded was $451,836. This was the first time that the average sale price was below $500,000 since April of this year, which shows that prices in this sector of the market increased over the spring months but have since come back down during the summer slowdown.

Many professionals expect the real estate market to pick up this fall with rising prices, but I have a somewhat different perspective.

There is currently 8 months of condo inventory on the market in Barrie and units are taking; on average, a month and a half to sell, after any price reductions. That means, if no other condominiums were to come available for sale, it would take 8 months for the current inventory to sell; WOW!

Before prices start to rise, this is what is likely to occur first:

- The current inventory needs to start selling. This will require demand to go up.

- The average days on market needs to come down. This means that properties need to start selling faster.

- Price adjustments by sellers should become less frequent, as supply and demand move closer to equilibrium.

Not only does Barrie have quite a large surplus of properties listed for sale at the moment, but there will likely be an increase in inventory next month. Many sellers aim to capitalize on the 'fall boom’, which is often considered the second-best time of year to sell real estate - after spring. So, a decent number of new listings may hit the market in September, further contributing to the existing pool of condos for sale.

Also, if the prime lending rate remains unchanged at the next announcement from the Bank of Canada on Wednesday, September 17^th, 2025, there could be a boost in buyer confidence which could then lead to a rise in property sales, but this does not mean that prices will start to increase, just yet.

There are currently 277 condominiums for sale in Barrie; 190 condo apartments, 81 condo townhouses and 6 lifelease units.
 
*All stats are based on listings sold with the Toronto Regional Real Estate Board

CURRENTLY FOR SALE WITH BARRIE CONDO CORNER:  

FOR SALE - Garden view with rare owned boat slip on Lake Couchiching CLICK HERE

Read our previous report for the Barrie condo market - JULY 2025

Would like to read more about: 

The Status Certificate?  CLICK HERE
What are Common Elements? CLICK HERE

Would you like to stay up to date on the Barrie condo market? Subscribe to my monthly market report TODAY!
 

Thinking of making a move? We are a CONDO FOCUSED team that has served the local condo community for over 9 years and have over 20 years experience serving the condo industry. We would be honoured to have the opportunity to discuss how you can net the most money in this market. CALL TODAY to book your FREE CONDO EVALUATION :)

There's a difference between working with an agent and working with a CONDO AGENT. Make the right decision and WORK WITH AN EXPERT! 

As the Barrie condominium market moves through the summer months, sales remain slow. Buyers continue to be cautious while they make their decision on the next property they would like to call home. 

This has caused many homeowners to struggle with the sale of their property this year. Month after month, the real estate market has continued to shift in Barrie, which has made it challenging for sellers to get ahead of the market.
 
In June, there was a total of 29 condominium apartments that sold in Barrie. The average sale price for this property type was $491,797, which was 23% less than June of 2024. Although units were selling relatively close to the seller’s asking price; the sale-to-list ratio was 97%, some properties had to go through a couple of price adjustments before achieving a successful sale. 

If you are planning to sell this year, it is important to be strategic—start with a strong, competitive pricing plan right away. In today’s slower market, it isn't the time to experiment with higher list prices. Buyers are being more deliberate with their decisions, and properties that are priced above market value may experience extended time on the market with limited interest.

The condo townhouse market saw a slight increase in sales in June. There were 13 condo townhouses that sold in Barrie with an average sale price of $510,031; up 2% from June of 2024. Although units were selling relatively close to the asking price, the average days on market to sell grew compared to previous months. This shows that the demand for condo townhouses was not as high last month as it was earlier on in the year.

If you are a buyer looking to time the market, this summer could be the perfect time to purchase. With demand currently low and inventory high, there are many properties that have been listed for multiple months, and some of these sellers may be open to negotiating in order to facilitate a sale. However, this window of opportunity may narrow if interest rates begin to decline again.
 
In the first half of 2025, there was a total of 198 condos that sold in Barrie, with an average sale price of $515,005. These statistics were very similar to the first two quarters of 2024, which does not come as a surprise as the market has not changed much over the past year. Buyers continue to be cautious as there is still economic uncertainty.

The next announcement from the Bank of Canada is on Wednesday, July 30^th, 2025. If the prime lending rate remains unchanged, it may indicate that the market is stabilizing and could potentially boost buyer confidence, which could then lead to a rise in property sales.
 
There are currently 284 condominiums for sale in Barrie; 200 condo apartments, 78 condo townhouses and 6 lifelease units. At the beginning of July 2024, there were 199 condos for sale in Barrie.
 
 *All stats are based on listings sold with the Toronto Regional Real Estate Board

CURRENTLY FOR SALE WITH BARRIE CONDO CORNER:  

FOR SALE - Garden view with rare owned boat slip on Lake Couchiching CLICK HERE

Read our previous report for the Barrie condo market - JUNE 2025

Would like to read more about: 

Why Do Condo Fees Differ Between Buildings/Corporations CLICK HERE

Condo Ownership CLICK HERE

Would you like to stay up to date on the Barrie condo market? Subscribe to my monthly market report TODAY!
 

Thinking of making a move? We are a CONDO FOCUSED team that has served the local condo community for over 9 years and have over 20 years experience serving the condo industry. We would be honoured to have the opportunity to discuss how you can net the most money in this market. CALL TODAY to book your FREE CONDO EVALUATION :)

There's a difference between working with an agent and working with a CONDO AGENT. Make the right decision and WORK WITH AN EXPERT! 

Condominium sales in Barrie have remained low as we move through the second quarter of 2025. In May there were a total of 33 condos that sold, which was down 34% from May of last year. 

There could be a possibility that condo sales may start to increase since the Bank of Canada held the prime lending rate at their last announcement. This rate hold could indicate the beginning of a more stable market and may boost buyer confidence.

That said, just because the number of units sold could potentially increase, it does not mean that prices will automatically rise. These are two separate elements of the overall picture. There are a lot of condominiums currently listed for sale and before we see prices start to go up, there needs to be fewer price adjustments happening and the days on market to sell properties must come down first. 

Last month there were a total of 22 condo apartments that sold in Barrie with an average sale price of $561,359. Although prices have fluctuated over the past year, this was a 5% increase year-over-year for the month of May. The average days on market that was recorded was 37 and the sale-to-list ratio was 97%.

Sales in the condo townhouse sector have been down this year as well. Unfortunately, this is not unusual in a declining market. Freehold houses have become much more affordable over the recent months and as a result, many buyers have chosen to shift their focus toward freehold townhouses or semi-detached homes rather than focusing on condo townhouses. Although the sale price might be slightly higher, there are no monthly maintenance fees making this property type direct competition for any condo townhouse seller.

In May there were a total of 11 condo townhouses that sold in Barrie with an average sale price of $496,136; which was down 3.5% from the same time last year. The average days on market was 34 and units were selling for 97% of their list price.

Things to consider when buying in a slower, more balanced real estate market:

1.   View as many properties as possible before making a decision. There are a large variety of condo units for sale in Barrie right now in various condominium complexes. Get a feel for each community and make sure the lifestyle is a good fit.

2.   When you are ready to put in an offer, make sure to add conditions that protect your best interest. Purchasing real estate is one most expensive purchases you will ever make, so make sure to cover all your bases.

3.   Choose a Realtor wisely. Not all agents know what each condo complex has to offer and how they differ from other buildings. With inventory being the highest that it has ever been, now is the time to get out and view properties as there is a good variety to look at and some great opportunities for buyers.

Things to consider when selling in a slower, more balanced real estate market:

1.   Be one step ahead of your competition. This means being mindful of how others are priced — especially if there is a chance they may need to adjust their asking price. If you're serious about selling, thoughtful pricing from the start can help position your condo competitively and attract the right buyers.

2.   Do everything you can to make your condo unit stand out. Painting, staging and decluttering can be a lot of work, but remember, you only have one chance to make a great first impression.

3.   Interview multiple Realtors. The condominium market in Barrie is quite different from the freehold housing market, so it would be wise to choose to work with a local agent who understands condo living and the unique trends in the condo market.

There are currently 293 condominiums for sale in Barrie, Ontario; 209 condo apartments, 75 condo townhouses and 9 lifelease units. This is the most inventory that the Barrie condo market has had for sale at a given time. In June of 2024 there were approximately 195 condos for sale in Barrie. 

*All stats are based on listings sold with the Toronto Regional Real Estate Board

CURRENTLY FOR SALE WITH BARRIE CONDO CORNER:  

FOR SALE - Garden view with rare owned boat slip on Lake Couchiching CLICK HERE

FOR SALE - 2 Bedroom + den spacious corner unit in a 60+ adult community  CLICK HERE

FOR SALE - 2 Bedroom + den condo at Yonge Station Condominiums in South Barrie  CLICK HERE

Read our previous report for the Barrie condo market - MAY 2025

Would like to read more about:

Costs Associated with Condo Ownership CLICK HERE

Why Do Condo Fees Differ Between Buildings/Corporations CLICK HERE

 
Would you like to stay up to date on the Barrie condo market? Subscribe to my monthly market report TODAY!
 

Thinking of making a move? We are a CONDO FOCUSED team that has served the local condo community for over 9 years and have over 20 years experience serving the condo industry. We would be honoured to have the opportunity to discuss how you can net the most money in this market. CALL TODAY to book your FREE CONDO EVALUATION :)

There's a difference between working with an agent and working with a CONDO AGENT. Make the right decision and WORK WITH AN EXPERT! 

The spring real estate market in Barrie, Ontario has been slower this quarter than anticipated.

The increase in units for sale has continued to widen the gap between the supply and demand for condominiums. As inventory increased, demand experienced minimal movement which caused the market to be much slower this quarter. It is unfortunate that the reduction of interest rates has not stimulated the real estate market this spring as much as sellers had hoped for.  

In April, there were a total of 21 condo apartments that sold in Barrie. The average sale price for these units was $482,024 and they sold in an average of 33 days. Also noted, there were three condo apartments sold under $300,000 so far this year, which has not happened since 2021. Based on this, if inventory continues to rise and demand remains relatively the same, we could see prices soften further.

Condo townhouse sales were down quite a bit from March with only 4 condo townhouse sales recorded last month. These units sold in an average of 24 days and for an average sale price of $524,750.

It was interesting to see that the average days on market came down quite a bit in both the condo apartment and condo townhouse sectors. This shows that more sellers priced their homes more in line with the current market conditions and their results were a faster sale. This might be the first sign of an improving market. 

It appears that buyers are continuing to take their time and are slowly weeding through the inventory that is currently for sale. Unless a buyer falls in love with a property when they first walk into the home, they are being patient and are waiting for the right property to come along before putting in an offer. This is why it is so important for sellers to have an attractive price and that their homes look their very best right from the start.  

There are currently 271 Condominiums for sale in Barrie, Ontario; 206 Condo Apartments, 62 Condo Townhouses, and 4 Lifelease Units. This is the most condo inventory that Barrie has ever seen on the market at a given time. 

The Barrie condo market continues to be slower due to a combination of higher inventory of condo units that are currently listed for sale and the lingering uncertainty in the market from the impact of the Provincial election, the discussions around the tariffs, and the upcoming Federal election.

Although the average days on market to sell a condo in Barrie continues to be longer than 30 days, the real estate market remains active with weekly appointments increasing on properties for sale as we move into the second quarter of 2025. Buyers are taking the opportunity to view as many properties as possible; sometimes the same property multiple times, to weigh their options prior to making a decision.

In March, there were a total of 23 condo apartments that sold with an average sale price of $516,248; down slightly from February. These units took an average of 45 days to sell and sold for an average of 98% of the seller’s asking price.

The condo townhouse sector experienced similar trends. Although units sold increased month-over-month, the average days on market and the sale-list-ratio were quite identical to the condo apartment market, and the average sale price was also down from February.

Last month there were a total of 11 condo townhouses that sold in Barrie. The average sale price was $462,545, and these units sold in an average of 44 days and 99% of the list price.

Properties that have been selling quickly in this slower market have been units that have unique and desirable features, as well as those that are move-in ready and show like a model home. It is important that sellers take into consideration the high inventory on the market and it is suggested to price their property competitively right from the start. This will help their condo stand out amongst the crowd and potentially sell within 30 days of being listed.

There is no doubt that sellers take a risk when they price their home too high in a market that has ample supply, like Barrie currently has. The most serious buyers will book an appointment to view a newly listed condo within the first 2 weeks of a property being listed. If the seller is listed too high, potential buyers might not book an appointment to view and will simply focus on the properties that they feel are more in line with the market. Sellers are better off pricing competitively from day one and tightening up their negotiation strategy, rather than going through a series of price reductions. If they did this, they are more likely to sell in less time and could possibly net more money.

Summarizing the first quarter of 2025:

There were a total of 75 condo apartments that sold in Barrie with an average sale price of $546,805, which took an average of 42 days to sell.

There were a total of 23 condo townhouses that sold in Barrie with an average sale price of $486,894, which took an average of 45 days to sell.

There were a total of 5 lifeleases that sold in Barrie with an average sale price of $360,077, which took an average of 298 days to sell. 

There are currently 247 Condominiums for sale in Barrie, Ontario; 178 Condo Apartments, 60 Condo Townhouses, and 9 Lifelease Units.

*All stats are based on listings sold with the Toronto Regional Real Estate Board

CURRENTLY FOR SALE WITH BARRIE CONDO CORNER:  

FOR SALE - 2 Bedroom + den condo at Yonge Station Condominiums in South Barrie  CLICK HERE

FOR SALE - 1 Bedroom condo in the Elgin Bay Club on the serene shores of Lake Couchiching in Orillia CLICK HERE

FOR SALE - 2 Bedroom condo at Bayshore Landing right in the heart of downtown Barrie  CLICK HERE

Read our previous report for the Barrie condo market - MARCH 2025

Would like to read more about:

Condo Ownership CLICK HERE

Why Do Condo Fees Differ Between Buildings/Corporations CLICK HERE

 
Would you like to stay up to date on the Barrie condo market? Subscribe to my monthly market report TODAY!
 

Thinking of making a move? We are a CONDO FOCUSED team that has served the local condo community for over 9 years and have over 20 years experience serving the condo industry. We would be honoured to have the opportunity to discuss how you can net the most money in this market. CALL TODAY to book your FREE CONDO EVALUATION :)

There's a difference between working with an agent and working with a CONDO AGENT. Make the right decision and WORK WITH AN EXPERT! 

Now that the days are longer and the snow has almost all melted, it is likely to see more buyers in the market booking appointments to view properties. This combined with the most recent reduction in the prime lending rate, demand for real estate could increase which may cause condo sales to begin to rise in the second quarter of the year. 

In February there were a total of 25 condo apartments that sold in Barrie. These units took an average of 31 days to sell and the average sale price that was recorded was $523,256. Although the average sale price decreased from January, the average days on market started to come down. This was the first sign of the market improving. When properties take less time to sell, it shows that demand has increased and buyers have become more serious. 

We will see if this becomes a trend as we close out the first quarter of 2025 and move into the spring real estate market. 

Last month, condo townhouse units took an average of 36 days to sell and the average sale price that was recorded was $484,750. Although the average sale price in this sector of the market also decreased month-over-month, these properties took less time to sell than in January. 

When selling in a slower market with high inventory, it is important to make sure your condo looks its best, that you are priced competitively, and that you have the right marketing plan in place so that you can capture as many potential buyers as possible. Remember, you only have one opportunity to make a good first impression. 

There is currently 6 months of condo inventory on the market in Barrie right now. If you are a seller and are looking to make a move, it is important to put together a plan that will set yourself apart from your competition. Buyers still have an upper hand in the current market and they will continue to take their time to make a decision as they view properties and figure out which option best suits their lifestyle.

There are currently 213 Condominiums for sale in Barrie, Ontario; 149 Condo Apartments, 49 Condo Townhouses, and 15 Lifelease Units.

*All stats are based on listings sold with the Toronto Regional Real Estate Board

CURRENTLY FOR SALE WITH BARRIE CONDO CORNER: 

FOR SALE  - 2 Bedroom condo at Bayshore Landing right in the heart of downtown Barrie  CLICK HERE

FOR SALE - 2 Bedroom + den condo at Yonge Station Condominiums in South Barrie  CLICK HERE

FOR SALE - 2 Bedroom + den Lifelease at The Terraces at Heritage Square in South Barrie  CLICK HERE

FOR SALE - 1 Bedroom condo in the Elgin Bay Club on the serene shores of Lake Couchiching in Orillia CLICK HERE

Read our previous report for the Barrie condo market - FEBRUARY 2025

Would like to read more about:

10 Things to Check before buying a Condominium CLICK HERE
Pets in Condos CLICK HERE

 
Would you like to stay up to date on the Barrie condo market? Subscribe to my monthly market report TODAY!
 

Thinking of making a move? We are a CONDO FOCUSED team that has served the local condo community for over 9 years and have over 20 years experience serving the condo industry. We would be honoured to have the opportunity to discuss how you can net the most money in this market. CALL TODAY to book your FREE CONDO EVALUATION :)

There's a difference between working with an agent and working with a CONDO AGENT. Make the right decision and WORK WITH AN EXPERT!

Buyers looking in the Barrie real estate market continue to be cautious as we move through the first quarter of 2025. Although interest rates have come down quite a bit, some buyers may choose to wait until after they know the outcome of the Federal election before they purchase a property.

Last month, there were a total of 27 condo apartments that sold in Barrie. These units took an average of 50 days to sell, sold for 96% of the asking price and the average sale price that was recorded was $600,911. With real estate sales being slower over the past year, it may come as a surprise to hear that the average sale price for a condo apartment increased by 17% year-over-year for the month of January in Barrie. So, although the number of condo units sold over the past year was down, there was some growth in the local market.

In January there were only 8 condo townhouses that sold in Barrie and an average sale price of $513,387; up 4% from the same time last year. These units were selling for 97% of their original list price and took an average of 57 days to sell.

As you can see, units in both the condo apartment and condo townhouse sectors took longer to sell last month but it can be common to have higher days on market at the beginning of the year. The majority of properties that sell during the first month of the year tend to be inventory that was listed in November or December. This was when buyers were typically focused on the holidays and summing up their year which caused some real estate sales to be delayed and pushed into the new year.

Currently, there is over 5 months of condo inventory on the market, which puts the Barrie condominium market in a balanced state. Although this is similar to this time last year, it is more likely to see the market improve this year. The Bank of Canada has reduced the prime rate down 2% over the course of 6 announcements, which has made mortgages more affordable.

Now is the perfect time for buyers to do their market research before the market potentially picks up. Condo inventory in Barrie is high, so there are lots of properties to browse through to get a better understanding and feel for the options Barrie has to offer. There is a wide range of condominiums to choose from, each offering its own unique community atmosphere with a variety of activities and social events for residents.

There are currently a total of 182 condominiums for sale in Barrie; 125 condo apartments, 42 condo townhouses, and 15 leasehold condominiums.

*All stats are based on listings sold with the Toronto Regional Real Estate Board

Currently For Sale with Barrie Condo Corner:

 FOR SALE - 1 Bedroom condo in the Elgin Bay Club on the serene shores of Lake Couchiching in Orillia CLICK HERE
 

Read our previous report for the Barrie condo market - January 2025

Would like to read more about:

Cost Associated with Owning a Condominium CLICK HERE

The Lifestyle CLICK HERE

 
 
Would you like to stay up to date on the Barrie condo market? Subscribe to my monthly market report TODAY!
 

Thinking of making a move? We are a CONDO FOCUSED team that has served the local condo community for over 9 years and have over 20 years experience serving the condo industry. We would be honoured to have the opportunity to discuss how you can net the most money in this market. CALL TODAY to book your FREE CONDO EVALUATION :)

There's a difference between working with an agent and working with a CONDO AGENT. Make the right decision and WORK WITH AN EXPERT!

The Barrie real estate market in 2024 was not as active but it was predictable. Although the recorded number of sales were not as high as in previous years, there were two major positives. One, the Bank of Canada was able to maintain the inflation rate at its target, and two, the prime lending rate came down 1.75% over the final six months of the year.

As a recap, Q1 of 2024 was the slowest quarter for condo sales. There were 82 condominium units that sold which took an average of 47 days to sell and the average sale price that was recorded was $521,923. Barrie, Ontario started off the year with a decent amount of inventory; 105 condominiums for sale in January; and continued to increase as we moved into the spring market.

At the beginning of the second quarter there were 157 condos for sale in Barrie and by June, there were already 195. This was almost double the number of condos available compared to January. This extreme increase was from a combination of old 2023 inventory that did not sell and was re-listed, along with new condos that came available for the first time. The influx of listings that hit the market caused the market to slow further.

Between April and June, there were only 115 condominiums that sold in Barrie with an average sale price of $550,278. To put it in perspective, in 2023 there were 236 units that sold during the same period. Although sales were down in the 2024 spring market, the units that did sell sold in an average of 33 days, which was positive.

In Q3 of the year, the total number of condominium units sold decreased and the average days on market grew. This is a common market trend during the summer months as many potential buyers put their real estate search on hold and take holidays for time with family and friends. During this quarter, there were a total of 89 condominium units that sold in Barrie. These units took an average of 41 days to sell and recorded an average sale price of $532,995.

The final quarter of 2024 was more active than expected. This was highly influenced by the drop in interest rates over the second half of the year. Over this period, there were a total of 101 condominium units that sold in Barrie with an average sale price of $552,577 recorded. These units took an average of 48 days to sell and sold for 98% of the list price.

Overall, the 2024 real estate market was quite stable and predictable.

Let’s see what happened in the Barrie condo market year-over-year for the month of December.

December 2023:
1. The average sale price for condo apartments sold was $508,859.
2. The average sale price for condo townhouses sold was $468,333.
3. Units were selling for an average of 97% of their original list price.
4. Average days on market for the whole condominium sector was 32 days.

5. At the beginning of 2024, there were 105 condominiums for sale in Barrie, Ontario.  

December 2024:
1. The average sale price for condo apartments sold was $518,485.
2. The average sale price for condo townhouses sold was $530,000.
3. Units were selling for an average of 97% of their original list price.
4. Average days on market for the whole condominium sector was 35 days.

5. There are currently 164 condominiums for sale in Barrie, Ontario.  

Year-over-year for December, the average sale price for condo apartments increased by 1.9% and condo townhouses increased by 13%.
 
Things to consider when going into the Barrie real estate market in 2025:
 
1. Get into the market sooner rather than later. Throughout 2024, buyers had the advantage when negotiating offers because of the surplus in inventory. Buyers were able to take their time when making a decision and were able to put multiple conditions in their offers to help protect their interest.   

Now that interest rates have come down and the cost of borrowing is more affordable, it is speculated that the demand for condominiums may increase over the course of the year. Depending on how much the buyer demand rises, Barrie may begin to see prices start to creep upward. Right now, there are some great opportunities for buyers to purchase while the market is not as active.  

 
2. Consider listing now. Although prices may increase mid-year as a result of the drop in interest rates, there may be a lot more inventory this spring than usual. The combination of 2024 inventory that did not sell and the new inventory of 2025 could create more competition for sellers than in previous years.

3. Hire a condo specific Realtor to assist you with your condo sale or purchase. The market trends in the freehold housing market are quite different from the condominium market in Barrie. It is in your best interest to get advice or guidance from a professional that works in the condo sector regularly.

*All stats are based on listings sold with the Toronto Regional Real Estate Board

Read our previous report for the Barrie condo market - December 2024

Currently For Sale with Barrie Condo Corner:

 FOR SALE - 1 Bedroom condo in the Elgin Bay Club on the serene shores of Lake Couchiching in Orillia CLICK HERE
 

Would like to read more about:
 
Owned vs. Exclusive-Use?  CLICK HERE

Why do condo fees differ between Buildings/Corporations? CLICK HERE
 
Would you like to stay up to date on the Barrie condo market? Subscribe to my monthly market report TODAY!
 
 Thinking of making a move? We are a CONDO FOCUSED team that has served the local condo community for over 9 years and have over 20 years experience serving the condo industry. We would be honoured to have the opportunity to discuss how you can net the most money in this market. CALL TODAY to book your FREE CONDO EVALUATION :)
 
 There's a difference between working with an agent and working with a CONDO AGENT. Make the right decision and WORK WITH AN EXPERT!?

As 2024 comes to a close, it is a great opportunity to reflect back on the past year.

The Barrie real estate market was consistent and quite predictable. As the government had anticipated, the market responded to the rise in interest rates that were implemented in 2023. Consumers tightened up their spending which caused the inflation rate to continue to lower throughout the first half of 2024.

The Barrie real estate market was consistent and quite predictable. As the government had hoped, the market responded to the rise in interest rates that were implemented in 2023. Consumers tightened up their spending which caused the inflation rate to continue to lower throughout the first half of 2024.

After the Bank of Canada was able to maintain the inflation rate under 3% for five consecutive months, they were confident that the economy had become more stable and chose to begin to slowly lower its prime lending rate. It was announced on June 6, 2024, that prime was to come down a quarter of a point, which was the first rate reduction since March 30, 2020.

Over the course of the second half of 2024, the Bank of Canada lowered the prime lending rate five times from 7.20% down to 5.45% and was also successful with keeping inflation controlled. With the government treading lightly, it would not be surprising if prime was held at 5.45% for the first quarter of 2025.

The lowering of interest rates in the final quarter of this year had a positive impact on the Barrie condo market. Consumer confidence increased and condominium sales were consistent.

In November there were 22 condo apartments that sold in Barrie. The average sale price was $623,041 (median $557,000) and units were selling in an average of 40 days. There were also 9 condo townhouses that sold in Barrie. The average sale price for this property type was $503,793 (median $510,000) and units were selling in an average of 47 days.

The condominium market is filled with opportunity. There is currently a surplus of condo inventory in Barrie and many owners who are motivated to sell as soon as possible.

Condominiums are an excellent choice for first-time buyers and investors, as they offer affordable entry into the housing market and a low-maintenance lifestyle. With many buildings featuring amenities like fitness centres, pools, common rooms, and a social calendar, condo living fosters a sense of community. Owning a condo is an ideal choice for those who are looking for additional safety in their home and a turn-key living experience. Now is the perfect time to take advantage of this current market.

There are currently a total of 188 condominiums for sale in Barrie; 135 condo apartments, 37 condo townhouses, and 16 leasehold condominiums.

*All stats are based on listings sold with the Toronto Regional Real Estate Board

Read our previous report for the Barrie condo market - November 2024

Currently For Sale with Barrie Condo Corner:

 FOR SALE - 1 Bedroom condo in the Elgin Bay Club on the serene shores of Lake Couchiching in Orillia CLICK HERE
 

Would like to read more about:
 
Common elements. CLICK HERE
Costs associated with condo ownership. CLICK HERE
 
Would you like to stay up to date on the Barrie condo market? Subscribe to my monthly market report TODAY!
 
 Thinking of making a move? We are a CONDO FOCUSED team that has served the local condo community for over 9 years and have over 20 years experience serving the condo industry. We would be honoured to have the opportunity to discuss how you can net the most money in this market. CALL TODAY to book your FREE CONDO EVALUATION :)
 
 There's a difference between working with an agent and working with a CONDO AGENT. Make the right decision and WORK WITH AN EXPERT!?

The Barrie condominium market continues to be on a slower trend through the final quarter of the year as sellers in Barrie wait for buyers to make a decision on a purchase. However, it is predicted that real estate sales will rise in 2025 now that Canada has had four consecutive rate adjustments and the cost of borrowing has gone down.

Many buyers that were looking to purchase real estate in Barrie put their search on hold to wait and see how the market was going to respond to the hike in interest rates after the peak of the market in 2022.

After the inflation rate in Canada rose from 0.7%; when the world pandemic was announced, to 8.1% in 2022, the Bank of Canada implemented one of the most aggressive monetary policy tightening campaigns in history and raised the prime lending rate 10 times in order to bring the rate of inflation down. It was absolutely crucial for the Federal Government to step in to help stabilize the Canadian economy as 8.1% was the highest inflation rate recorded since the early 1980s recession. 

The increase in interest rates caused the consumer to reduce their spending and, over  time, helped bring the inflation rate down to the targeted rate in just  under a year. After these positive efforts and 6 months of maintaining the inflation rate  around 2.8%, the central bank felt comfortable enough to begin to slowly  reduce the prime rate over the second half of this year.

Although it was speculated that buyers would start to become more active again after interest rates started to decrease, that has not been the case. Buyers have continued to wait on the sidelines for the real estate market to become more predictable which has caused the Barrie condo market to continue to slow. With the demand for condos in Barrie down and the supply at an all time high, there is still room for the market to soften further as we move into the new year. 

Some questions that come to mind are:

1.  Is this the bottom of the market? 

2.  Now that interest rates have come down, will demand for real estate go up in 2025, putting upward pressure on prices on residential property in Barrie?

Since the peak of the condo market in Barrie in 2022, the average sale price for a condo apartment has fluctuated quite a bit but as of last month, this sector is now only down by 9%. The condo townhouse market, on the other hand, has been more active over the years but in comparison is down 24% from the peak of the market. 

Last month, there were a total of 24 condo apartments that sold in Barrie, Ontario. The average sale price was $587,292 and it took an average of 54 days to sell. Also in October, there were 14 condo townhouses that sold with an average sale price of $516,036 and the average days on market was 37. 

With the Canadian inflation rate now sitting at 1.6% and interest rates coming down, it is good to see the economy becoming more stable as we close out 2024. This perceived stability could potentially boost consumer confidence to increase as the real estate market is starting to feel seemingly more predictable. These are all positive signs of a healthy real estate market for 2025. 

There are currently a total of 221 condominiums for sale in Barrie; 160 condo apartments, 43 condo townhouses, and 18 leasehold condominiums.

*All stats are based on listings sold with the Toronto Regional Real Estate Board

Currently For Sale with Barrie Condo Corner:

FOR SALE - 1 Bedroom condo in the Elgin Bay Club on the serene shores of Lake Couchiching in Orillia. CLICK HERE

FOR SALE - Modern 3 bedroom condo townhouse in the sought after Wasaga Heights in Wasaga Beach. CLICK HERE

Would like to read more about:
 
Common elements. CLICK HERE
Costs associated with condo ownership. CLICK HERE

Would you like to stay up to date on the Barrie condo market? Subscribe to my monthly market report TODAY!

Thinking of making a move? We are a CONDO FOCUSED team that has served the local condo community for over 9 years and have over 19 years experience serving the condo industry. We would be honoured to have the opportunity to discuss how you can net the most money in this market. CALL TODAY to book your FREE CONDO EVALUATION :)

There's a difference between working with an agent and working with a CONDO AGENT. Make the right decision and WORK WITH AN EXPERT!?