Barrie, Ontario Real Estate Market Data
Updated: Nov 2024
House
Median price | $650,000 |
Monthly growth | 1.5% |
Quarterly trend | 4.0% |
Stock on market | 0.6% |
Apartment
Median price | $400,000 |
Monthly growth | 1.0% |
Quarterly trend | 3.0% |
Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
Bedrooms | Median Price |
---|---|
2 bedrooms | $550,000 |
3 bedrooms | $650,000 |
4 bedrooms | $750,000 |
Apartments
Bedrooms | Median Price |
---|---|
1 bedrooms | $300,000 |
2 bedrooms | $400,000 |
3 bedrooms | $500,000 |
Demographics
Current Population (2025) | 148,000 |
Previous Population (2020) | 144,000 |
Population Change | 2.8% |
Total Private Dwellings | 62,000 |
Occupied Private Dwellings | 58,000 |
Population Density (per km²) | 2.4 |
Land Area (km²) | 183.9 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Barrie, Ontario is currently characterized by a steady growth in property values. The median house price stands at $650,000, reflecting a year-over-year increase of 4%. This increment is indicative of a healthy demand for housing in the region. Similarly, the median apartment price has also seen growth, with current values at $400,000 and an annual appreciation rate of 3%. Such trends suggest that the market is experiencing consistent upward momentum across different housing types.
The city’s population of 148,000 is expanding at a rate of 2.8% per year. This population growth can be attributed to Barrie’s attractive amenities, relative affordability compared to the Greater Toronto Area, and its appeal as a commuter town offering both urban conveniences and proximity to natural attractions.
Investment Opportunities and Potential
The positive indicators in Barrie’s real estate market present significant investment opportunities. The consistent rise in property prices points to solid capital gains for investors over time. Additionally, the city’s robust population growth suggests a strong rental market potential. With more people moving into the area, demand for rental properties is likely to remain high, which could lead to favorable rental yields for investors.
Barrie’s strategic location as a gateway to cottage country while still being accessible to Toronto’s job market makes it an attractive spot for both residential and vacation property investments. The ongoing developments in infrastructure and community amenities further enhance the city’s investment attractiveness.
Future Market Outlook
The future outlook for Barrie’s real estate market remains optimistic. The sustained population growth is likely to continue fueling housing demand, both for ownership and rentals. As long as the local economy remains vibrant and supportive policies are in place, the real estate market should maintain its upward trajectory.
In light of the current trends, investors could expect ongoing appreciation in property values. However, it is essential to monitor economic factors such as employment rates, interest rates, and government housing policies that could impact market dynamics. Overall, Barrie appears set to remain a compelling choice for real estate investment in the foreseeable future.