Barrie

New Barries in Condo offers a variety of options to suit different lifestyles. You’ll find high-rise towers with stunning city views, low-rise family-friendly townhome developments in Barrie with amenities like pools and playgrounds, and even loft conversions boasting unique layouts and trendy vibes.

New developments in Barrie often boast modern features and layouts you might not find in older buildings. They typically come with amenities like fitness centers, rooftop terraces, and concierge services, offering a convenient and social lifestyle. Additionally, with new construction, you benefit from lower maintenance costs and potentially higher energy efficiency.

While Barrie’s housing market has seen growth, it generally remains more affordable compared to similar options in the Greater Toronto Area (GTA). For instance, the average price for townhouses for sale in Barrie is $632,583 (June 2024), which is significantly lower than in GTA.

Pre-construction projects in Barrie are popping up in various areas, with some offering easy access to highways, while others are nestled in quieter suburban settings. Consider your priorities and search for proximity to schools, parks, and amenities that are important to you.

While the average price of new condos sits around $543,521 (as of June 2024), the final cost depends on several factors, such as the condo’s size, location, and amenities.

While there’s no single “best” neighbourhood for everyone, certain areas in Barrie are generally considered more attractive for pre-construction homes. Look into developments near major highways for accessibility. Consider pre-construction options in well-developed neighbourhoods like Allandale or Lakeshore for convenient access to schools, shops, and parks.

The minimum down payment required for new condos for sale in Barrie depends on the condo’s purchase price. For condos priced under $500,000, you’ll need a minimum down payment of 5%. However, for condos between $500,000 and $999,999, you’ll need 5% down on the first $500,000 and then 10% for the remaining amount. For condos exceeding $1 million, you’ll need a minimum down payment of 20%. Remember, these are minimums, and putting down a larger amount can improve your mortgage options and reduce your borrowing costs.

In Barrie, the average sold price for condos over the past 30 days (May 16 – June 14, 2024) was $543,521, which is up by $30,992 (5.7%) from the average price of $512,529 during the previous 30 days (April 16 – May 15). Compared to the average selling price of $510,076 over the past year, the average condo price over the last 30 days is higher by $33,445 (6.2%).

The sales-to-new-listings ratio (SNLR) is a measure of the balance between supply and demand in the real estate market. In Barrie, the SNLR for all property types was 42.1% over the last 30 days (May – June 2024), indicating a balanced market where demand and supply are in equilibrium. For expert advice tailored to your specific needs, contact our team of experts.

Barrie’s condo prices are driven by a combination of factors. Firstly, there’s a limited supply of condos available, especially compared to the number of interested buyers. This strong demand pushes prices upwards. Secondly, Barrie’s overall desirability as a place to live, with its proximity to the GTA and access to outdoor adventures, fuels its housing market, including condos. Lastly, the rising cost of construction materials and development can also contribute to higher condo prices.

As of June 2024, the average rent for a condo in Barrie sits around $2,310.

They offer numerous advantages for investors and homebuyers. You could benefit from potential appreciation as the condo is built and enters the market. Additionally, with new construction, you get modern features and potentially lower maintenance costs.

Barrie boasts a strong educational landscape with a variety of public and private schools known for their excellence. Among the top-ranked schools are Andrew Hunter Elementary School, Ardagh Bluffs Public School, Assikinack Public School, Barrie North Collegiate Bear Creek Secondary School, Codrington Public School, Cundles Heights Public School, etc.

With several major shopping centers like SmartCentres Barrie, Georgian Mall, Duckworth Plaza, and Bayfield Mall spread throughout the city, you’re likely to find convenient options close by. Many condos in Barrie are also incorporating ground-floor retail spaces, offering even more options within walking distance.

In Barrie, the average sold price for homes over the past 30 days (May 16 – June 14, 2024) was $862,041, which is up by $27,892 (3.2%) from the average home price of $834,149 in the previous 30 day period (April 16 – May 15) and up by $18,125 (2.1%) from the same period one year ago ($843,916).

Barrie’s public transportation system, Barrie Transit, offers bus routes across the city. While it can be reliable for getting around, commute times can be longer compared to driving, especially for trips across town. Weekend service can be less frequent.

Platinum Condo Deals is your one-stop resource for staying informed about Barrie’s burgeoning condo and townhome market. Our curated database features comprehensive listings of pre-construction projects, including detailed information on pricing, occupancy timelines, and frequently, floor plans.