It is very surprising to report that the average price for a condominium in Barrie has increased from last month; condo apartments by 14% and condo townhouses by 10%. I find this shocking because condos available for sale went from 74 unit to 112 and average days on market doubled.   Out of the 112 condo units currently on the market, 79 are condo apartments and 33 are condo townhouses. In Ap...Read More

  I can't believe how many condos have come available in Barrie over the last 3 weeks. When I was writing my March condo Market Report at the top of the month, there were 74 condos listed and today there are a total of 116 condos for sale; wow!! This might be a new record for condos available in Barrie at a given time. The spring inventory is starting to hit the market but the problem ...Read More

Inventory for Barrie condos is way up! There are currently 74 units for sale; 61 apartments and 13 townhouses, which is what Barrie normally sees in the heat of a spring market. This time last year there were only 34 units on the market!! What does this mean? It’s unlikely we will have multiple offers on condos this March.   Both condo apartments and condo townhouses are taking an avera...Read More

    Barrie’s condo market is off to a slow start this year, which was expected. There were more buyers in December as they rushed to purchase before the new mortgage rules were implemented January 1st. Only 8 condo apartments sold last month and 1 condo townhouse. This is half of what was sold in December and almost a third of the condos sold in January 2017.   Inventory is ...Read More

    It's unbelievable what can happen in a 12 month period! We definitely saw more fluctuations in the condo apartment sector of the Barrie condo market in 2017 than we did for condo townhouses. Instead, condo townhouses experienced steady growth throughout the year. I would think the main cause was due to the wide range of prices condo apartments have compared to condo townhouses....Read More

    As predicted, the Barrie condo market has experienced a bump in prices over the past month due to the new mortgage rules that will be implemented January 1st. Buyers are rushing to lock down a home before their budget drops next month; some by nearly 20%. There were 43 condo apartments sold in Barrie in November and units were taking 2 weeks less time to sell than they were in Sep...Read More

  The Barrie condo market was quite balanced in October where units were taking 40 days, on average, to sell and the majority selling below their asking price. Buyers have been able to take their time and are happy to be back in a negotiating position when presenting an offer. I have noticed that sellers have accepted this new reality and are starting to lower their expectations and are pric...Read More

Over the past 9 months, Barrie’s condo market experienced double digit increases, multiple offers and units selling within days of being listed. There was no surprise that more buyers were looking to purchase a new home in Barrie as housing here is still one of the most affordable when compared with other cities similar in size in Ontario; Kingston, Kitchener-Waterloo, Guelph, etc. When the...Read More

The summer was quite slow for the Barrie Condo market but fortunately we did not have a drop in average prices. The real estate market for condos in Barrie is still very healthy and I think sellers are starting to accept the changing market. Although there wasn't a decrease in average price we did see average days on market increased and the sale to list price ratio decreased.   In August...Read More

Just as I thought at the top of the month, the increase in condos for sale in Barrie has caused prices to come down. This past week we have seen an 8% decrease in list prices as units have not been selling. Sellers, you need to make sure you price properly right from the get go so that you don't need to reduce your price. The most serious buyers will come through your unit in the first week o...Read More