Various forecasters provide real estate market predictions.  Click for the full article or read the summary which follows...   https://www.nesto.ca/real-estate/canadian-cities-with-declining-home-prices-in-2023/   Summary: Wondering where house prices are going down? If the housing market will crash in 2023 in Canada? You’re not alone. These are questions on nearly everyone’s minds as of late. That is with little wonder – 2022 turned out... [read more]

  Realtors are gaining the knowledge of your address and even your email address with the promise of providing you with a quick and easy on-line market value assessment for your home.   Protect your identity and obtain a more accurate assessment as outlined below:   Click on the appropriate link and examine in detail some recent sales. You can approximate the price-range of your home based on these sales, although this first step provides only a very rough... [read more]

Sales in the Greater Toronto Area moderated for a second straight month in May, indicating that a semblance of normalcy is beginning to return to the housing market. However, it could be short-lived. There were 11,951 sales in the GTA last month, according to the latest data from the Toronto Regional Real Estate Board (TRREB), down from 13,650 in April and 15,646 in March, when activity peaked. The number of transactions last month was shy of the May record, which was 12,789 in... [read more]

The March 2021 sales information is in, and residential property sales recorded through the Matrix™ System for the Barrie and District Association of REALTORS® (BDAR) region showed a little over double the number of sales transactions from the same time last year. This was not only due to strong March 2021 sales numbers but also the downturn in the Canadian real estate market during March 2020, which arose due to the beginning of the COVID-19 restrictions. Average price also rose more... [read more]

Barrie & Area Market Update for February 2021 The February 2021 sales information is in, and residential property sales recorded through the Matrix™ System for the Barrie and District Association of REALTORS® (BDAR) region showed a strong year-over-year growth of both number of sales and average price of homes sold. There was also a strong month-over-month growth in number of units sold. This is in part due to seasonality, but the month-over-month sales activity growth within... [read more]

Covid-19 Impacts on the Local Real Estate Market The new year has begun, and with it comes many people who have made buying or selling a home part of their 2021 resolutions. While ongoing unemployment claims remain elevated due to COVID-19, they are substantially lower than what they were during their peak and have had little effect on buyer demand thus far. New Listings decreased 14.1 percent for Single Family homes and 16.0 percent for Townhouse/Condo homes. Sales increased 36.6 percent... [read more]

  It's been a long haul, but recent data from a national moving company shows Barrie and Orillia are moving on up the list of places to live in Canada. According to U-Haul data analyzing migration patterns from 2020, the Barrie/Orillia market registers as the No. 5 growth city in the country.  The report indicates people coming to Barrie and Orillia in one-way U-Haul trucks increased 22 per cent during the past year, while departures... [read more]

Covid-19 Impacts on the Local Real Estate Market December is showing continuous improvement for the local Greater Simcoe Region (GSR) housing market. New listings, average sale price, and total sales volume are demonstrating growth when compared to the same timeframe in 2019.  Full Article Barrie & Area Market Update December 2020 The December 2020 sales information is in, and residential property sales recorded through the Matrix™ System for the Barrie and... [read more]

Are you looking to buy a house in Canada? Before you apply for a mortgage pre-approval, you should check your credit score in order to make sure you can be approved for a mortgage. The bottom line is, the lower your credit score is, the more consequences you're likely to experience. This is why, even if it may take longer than expected, you may want to hold off on buying a house until your low credit score is resolved and I'll tell you why. Before you apply... [read more]

Covid-19 Impacts on the Local Real Estate Market November is showing continuous improvement for the local Greater Simcoe Region (GSR) housing market. Average sale price and total sales volume are demonstrating growth when compared to the same timeframe in 2019, while new listings are showing a slight decrease compared to November 2019.      Full Article           Barrie & Area Market Update November 2020 The November... [read more]

The May 2019 sales information is in, and residential property sales recorded through the Matrix™ System for the Barrie and District Association of REALTORS® Inc. (BDAR) region showed that in Simcoe County, the number of units sold remained balanced from last month, with an increase in average price. Simcoe County 508 residential units were sold in Simcoe County last month. This was 2.6% greater than the month before (April 2019). During the same time last year (April 2018 to... [read more]

Spring tends to be the real estate “busy season” but that doesn’t mean that you are too late to list your home now that we are coming into summer. Summer can be a wonderful time to list, specifically in the Barrie area. Buyers purchase homes year round and there are many advantages to listing your home in the summer season. Here are 6 reasons why summer is the best time to sell your home:   1.Active Buyers are More Serious. Although there may not be as... [read more]

Residential property sales recorded through the Matrix System in the Barrie & District Association of REALTORS® Inc. (BDAR) region numbered 470 units in April 2019. This was an increase of 21.1% from April 2018. On a year-to-date basis, home sales totalled 1,347 units over the first four months of the year, up 10.8% from the same period in 2018. Within the City of Barrie, residential sales activity numbered 215 units in April 2019, rising 20.1% on a year-over-year basis. A... [read more]

The month of April 2019, saw residential property sales recorded through the Matrix™ System for the BDAR region, the year over year average price of units sold and the number of sales were up from the previous month of March. Barrie and Simcoe County, excluding Barrie both contributed almost equally to the growth in the total region. City of Barrie 223 units were sold within the City of Barrie during last month of April 2019. This was a 14.4% growth from March, the month prior. The... [read more]

2018 saw many changes in the housing market. New mortgage rules came into play, applying a stronger stress test to people applying for a mortgage. It was a year where the crazy market of 2016 and 2017 started to level off and return to normal trends. So where does this leave us for 2019? Residential Market Past-President of BDAR Board of Directors Geoff Halford, feels that the 2019 housing market will look similar to last year with relative stability across all metrics. The... [read more]

https://www.bdar.ca/public/Stats/April2018/April2018MediaRelease.pdf   click on the above link for the full report [read more]

Year-to-date vs Same Time Year Ago On a year-to-date basis (January 1, 2018 – April 30, 2018), residential home sales amounted to 1243 units, which is a 39.6% decline from the same time in 2017. In the first four months of 2018, the average price for sold residential units was $498,459. This figure is 10.1% less than the average price for sold units in the first four months of 2017. Within the City of Barrie, residential sales figures declined by 44.2% from 2017 and came in at 610... [read more]

Barrie & District Home Sales Continue to Decrease from Year Ago, but Decline is Less Severe than March May 15, 2018 – April 2018 sales information is in, and while sales are still less than in April 2017, the decline is not as severe as it was during March. Through the month of April, residential property sales recorded through the Matrix™ System in the Barrie & District Association of REALTORS® Inc. (BDAR) region were 404 units. This is down 33.1% from year ago. The... [read more]