As 2025 comes to a close, it is nice to reflect on the past year and look at the opportunities ahead.
Over the course of 2025, the Bank of Canada lowered the prime lending rate four out of the eight scheduled times. We started off the year with prime at 3.25% and are closing out the final quarter at 2.25%. It has been positive to see the cost of borrowing come down and, at the same time, keeping inflation controlled.
In November, 15 condominium apartments sold in Barrie, with an average sale price of $436,933; which represented a 30% decrease compared to November of last year. On average, these units spent 49 days on the market before selling and sold for 95% of the list price.
Additionally, 4 condo townhouses sold in Barrie last month, with an average sale price of $487,50; just 3% lower than in November 2024. These properties sold more quickly, averaging 14 days on the market and for 100% of the seller’s asking price.
The condominium market is currently filled with some great opportunities. There is quite a large surplus of condos for sale in Barrie which has caused prices to continue to come down. If you are looking to purchase an investment property, or get into the real estate market, this winter might be the perfect time.
Condo Opportunities Simplified:
1. Entry level condos; not on the waterfront, are listed in the low $300s.
2. Entry level condos along the waterfront are listed in the low $400s.
3. High-end, 2-bedroom waterfront condos are listed in the high $600s.
4. 3-bedroom condo apartments currently range between $400K-$700K.
5. 2-storey, 3-bedroom condo townhouses with a private garage start in the low $400s.
There were multiple condo units that sold for under $300,000 this past year, marking the first time Barrie has seen sales at this price point since 2021. Looking ahead, more condo transactions in the high $200,000 range are expected throughout 2026.
Condominiums are an excellent choice for first-time buyers and investors, as they offer a more 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.
There are currently a total of 193 condominiums for sale in Barrie; 148 condo apartments and 45 condo townhouses.
*All stats are based on listings sold with the Toronto Regional Real Estate Board
Read our previous report for the Barrie condo market - NOVEMBER 2025
Would like to read more about:
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