Barrie, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $505,000 |
| Monthly growth | 1.3% |
| Quarterly trend | 4.0% |
| Stock on market | 0.8% |
Apartment
| Median price | $310,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 3.0% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $505,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $460,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Barrie, Ontario is currently experiencing a steady growth in housing prices. With a median house price of $505,000, the market has seen a 4% year-over-year increase. Meanwhile, the median apartment price stands at $310,000, with a slightly lower growth rate of 3% year-over-year. This suggests a relatively stable and progressing market that is attractive to both homeowners and investors.
The population of Barrie is 15,500 and has been growing at a rate of 3.3%, which may be contributing to the demand for housing and the consequent rise in property values. The consistent population growth indicates a sustained demand which could continue to support the real estate market’s expansion.
Investment Opportunities and Potential
Given the current trends, Barrie’s real estate market presents several attractive investment opportunities. The steady increase in property values across both houses and apartments suggests that investments made now could yield favorable returns as the market continues to grow.
Investors may find potential in purchasing residential properties to cater to the increasing population or by investing in rental properties as there may be a significant number of individuals looking for housing options amidst the city’s expansion. The fact that the apartment prices are increasing at a marginally slower rate than houses may indicate a particularly opportune niche for targeting would-be renters who are priced out of purchasing homes.
Future Market Outlook
The future outlook for Barrie’s real estate market remains positive. Assuming the current trends persist, we can anticipate further incremental increases in property values. The ongoing population growth will likely continue to drive demand for housing.
However, investors should remain aware of external economic factors such as interest rates, employment rates, and regional developments that can affect the market dynamics. Careful consideration of these factors should be taken into account when projecting long-term returns on investment. In light of these considerations, it is advisable for potential investors to conduct thorough due diligence before engaging in property transactions within Barrie.
