The Barrie condo market continues to cool as we move through the final quarter of the year.
In October, 15 condo apartments sold in Barrie, with an average sale price of $398,667. This marked the first time the average sale price had fallen below $400,000 since June 2020 before, the pandemic boom.
Since reaching its peak in 2022, Barrie’s condo apartment market has experienced ongoing price fluctuations and a broader downward trend. As of October, the average sale price had declined 38% from its peak, reflecting a significant correction in market values and highlighting the continued adjustment taking place within this part of the local condo market.
Last month, 5 condo townhouses sold in Barrie, with an average sale price of $409,500. Condos in this sector spent an average of 38 days on the market and sold for 98% of their list price.
Compared to the market peak in 2022, condo townhouse prices have declined by 40%, highlighting a significant price drop and showing the overall cooling trend across this sector of Barrie’s condominium market.
Inventory is one of the most important indicators when analyzing a real estate market because it helps determine the balance between supply and demand. While average sale prices and sales activity tell us what has happened in the market, inventory helps explain why the market is behaving the way it is.
As of last month, there is 10.5 months of condo inventory in Barrie, reflecting a continued build-up in available supply since the summer. This increase is the result of properties remaining unsold, combined with a wave of new listings entering the market in September as sellers anticipated a potential improvement in buyer demand and sales activity. However, the expected increase in activity has not materialized, leaving inventory levels high.
Barrie, Ontario is currently experiencing a buyer’s market, meaning buyers have a stronger position in the real estate market.
This generally means:
- High supply: Buyers have a larger inventory of properties to choose from.
- Low demand: Buyers face less competition and pressure to make quick decisions.
- Greater negotiating power: Buyers have more leverage to negotiate purchase prices, conditions, closing dates, and other terms.
What this means for buyers: It's an opportunity to take your time, compare properties, negotiate strategically, and potentially secure a home at a more favourable price.
What this means for sellers: Pricing competitively, presenting the property well, and being flexible with negotiations are increasingly important.
There are currently a total of 217 condominiums for sale in Barrie, Ontario; 157 condo apartments and 60 condo townhouses.
*All stats are based on listings sold with the Toronto Regional Real Estate Board
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Read our previous report for the Barrie condo market - October 2026
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