Demand for condos in Barrie has declined noticeably throughout 2025 which has led many sellers to pause and take a closer look at their options in the current market. It was speculated that buyers may have started to become more active after interest rates continued to decrease throughout the year, but unfortunately that was not 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 still quite high, there is still room for the market to soften further as we move into the new year.
A couple key questions to consider:
1. Have we reached the bottom of the market?
2. With interest rates now trending lower, is demand for residential real estate in Barrie likely to rise in 2026, putting upward pressure on prices?
Since the peak of Barrie’s condo market in 2022, the average sale price for condo apartments has experienced considerable fluctuation. However, as of last month, this segment was down by 14% from its peak.
The condo townhouse market, by contrast, has been hit much harder – largely due to increased competition within this sector. When freehold housing prices dropped, many buyers shifted their focus toward freehold townhouses, which resulted in more offers on these properties compared to condo townhouses. While freehold townhouses are typically priced higher than condo townhouses, the absence of maintenance fees could translate into lower monthly carrying costs, making them a financially attractive option. As a result of the decrease in demand for condo townhouses, the average sale price has dropped approximately 35% from its peak in 2022.
With inventory is still quite high, it is unlikely Barrie will see prices begin to rise in the first half of 2026. That said, the direction of pricing in 2026 will be closely tied to buyer demand, so if purchasing activity increases, upward pressure on prices may follow.
In October, a total of 13 condo apartments sold in Barrie, with an average sale price of $549,615—a 6% decrease year over year. These units took an average of 47 days to sell and for 96% of the listing price.
During the same period, 8 condo townhouses were sold, recording an average sale price of $431,375, which represented a 16% year-over-year decline. The average days on market for this segment was 49 days and units were also selling for 96% of the list price.
With Canada’s inflation rate now back above 2%, the Bank of Canada may decide to pause any further interest rate cuts for the remainder of the year. Maintaining the current interest rate could help moderate consumer spending and keep inflation under control. The Bank of Canada currently has the prime lending rate set at 2.25% and the next announcement from the Bank of Canada is on December 10th, 2025.
There are currently a total of 228 condominiums for sale in Barrie, Ontario; 169 condo apartments and 59 condo townhouses.
CURRENTLY FOR SALE WITH BARRIE CONDO CORNER:
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Read our previous report for the Barrie condo market - OCTOBER 2025
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