The Barrie condo market continues to be strong as we move through the spring real estate market. Despite the rise in condo inventory, prices have been slowly climbing and days on market have been decreasing. There are serious buyers in the market and they are ready to buy, as long as they feel they are not overpaying.   In April, there were a total of 32 condo apartments that ...Read More

  Spring is here and with the warmer temperatures more buyers are actively looking at real estate in the Barrie area. Over the past couple weeks, appointments to view properties have increased and open houses have started to get busier. Now that Barrie is experiencing a more predictable balanced market, buyers are feeling more confident when submitting offers as there is now room to negotiat...Read More

Demand for condominiums in Barrie has been steadily decreasing over the last year because of the uncertainty in the real estate market. Since the condo townhouse sector peaked in February of 2022 and the condo apartment market peaked a month later, prices have been adjusting downward. This is primarily due to the fact that there are not as many buyers actively looking to purchase a condo in Barrie...Read More

  The demand for real estate in Barrie and the surrounding area has decreased since interest rates started to climb and fewer people were choosing to move out of the Greater Toronto Area. These factors caused the Barrie condo market to have a slow start to 2023. In January, the average sale price for a condo apartment in Barrie dropped further to $486,316 and units were selling for an avera...Read More

Last year the Barrie condominium market was challenging for both buyers and sellers alike. The market seemingly shifted from a seller’s market to a buyer’s market so both sides had to adjust their expectations accordingly.   The first quarter of 2022 was the hottest seller’s market in history. Inventory was at an all time low and demand was extremely high, which caused prope...Read More

  Condominium sales in Barrie have been quite slow this fall compared to the same time last year. The average days on market grew substantially as sellers needed time to adjust their expectations while the real estate market continued to shift. As the market slowed further, many sellers were required to reduce their list price multiple times prior to securing a firm transaction. Last month t...Read More

  Demand for condominiums has decreased in Barrie since Thanksgiving causing properties to take much longer to sell. It is expected for the real estate market to slow further as Barrie moves into the colder months and interest rates continue to rise. In October there were a total of 16 condo apartments that sold in Barrie with an average sale price of $543,219. Since the market peaked in Ap...Read More

The 2022 real estate market in Barrie has been quite a mixed bag. The year started off with one of the strongest seller’s markets in history for Barrie, which then slowed rapidly at the beginning of the second quarter and continued to slow throughout the summer months. This slowdown caused prices to go back down to where they were in the fall of 2021.   The first quarter of 2022 was the...Read More

  The summer is traditionally one of the slower times of year for real estate. Many buyers and sellers travel and take time to be outdoors during the warmer months causing property sales to decline or level off. During the pandemic the market was a lot less predictable as the market conditions were influenced by the lockdowns and reopening of the economy but this summer the Barrie condominiu...Read More

  The Barrie condo market is continuing to slow as we move through the summer months. Condo sellers have been forced to change their expectations as the market shifts into a more balanced state; something that has been foreign to the Barrie real estate market for a couple of years.   As inventory rises and demand levels off, sellers and industry professionals have had to put more time a...Read More