Average condo apartment prices in Barrie fell 25 per cent from September 2025 to September 2026, according to BarrieToday's monthly Condo Report. Buyers have started quoting that number when they negotiate. Sellers who hear it assume their unit has lost a quarter of its value. Both are working from a figure built on 48 sales spread across two Septembers, and the earlier September was the highest of any September in five years.
Over a full quarter, Barrie condo prices are down by something closer to 14 per cent. That decline happened while the number of condos for sale went down, not up. What changed this fall is how quickly buyers decide, and that matters far more at the offer table than the headline does.
Two Septembers, 48 Sales
In September 2026, 23 condo apartments sold in Barrie at an average of $439,522. In September 2025, 25 sold at an average of $589,740. BarrieToday's Condo Report for that month reported that this was the strongest September average in five years, a new high reached "despite overall market challenges, including limited buyer activity and increasing inventory."
With about two dozen sales in a month, a few larger waterfront units can lift the average on their own. The September 2025 column said as much at the time, suggesting the units that sold "were likely in desirable locations." When one September was unusually high, any comparison to it will look like a collapse.
The neighbouring months show how much these averages swing. Here are condo apartment results from the BarrieToday Condo Report series for the same summer and fall months in both years.
| Month | 2025 sales | 2025 avg. price | 2026 sales | 2026 avg. price | Change |
|---|---|---|---|---|---|
| July | 22 | $518,477 | 25 | $528,600 | Up about 2% |
| August | 35 | $514,692 | 17 | $490,706 | Down about 5% |
| September | 25 | $589,740 | 23 | $439,522 | Down about 25% |
In July 2026, the average Barrie condo apartment sold for slightly more than in July 2025. Two months later the same comparison showed a 25 per cent drop. Values did not fall by a fifth in eight weeks. With samples this small, a single month's average depends heavily on which units happened to sell.
Condo townhouses show the same effect even more sharply. In September 2026, five townhouses sold at an average of $410,800, down 21 per cent from seven sales at $518,000 in September 2025. That is twelve sales in total, and one of them can move the average by tens of thousands of dollars.
The Quarter Tells a Smaller, Steadier Story
Pooling three months of sales reduces the noise. In the third quarter of 2025, 99 Barrie condominiums sold at an average of $524,304. In the third quarter of 2026, 71 sold at an average of $452,315. That works out to a decline of about 14 per cent.
The second quarter showed almost the same gap. Barrie's Q2 2026 condo average was $439,901, down 13.5 per cent from Q2 2025, and the column called it one of the weakest quarters for condo prices since 2021.
So Barrie condo prices have fallen in 2026, and the decline has been consistent from one quarter to the next. A 13 to 14 per cent decline held across two quarters is a real repricing. It is also roughly half of the September headline. On a unit that would have sold for $500,000 in 2025, that is the difference between a $430,000 conversation and a $375,000 one.
Fewer Listings, Slower Buyers
Barrie's condo listing count fell over the same year that prices did.
Barrie had 258 condos for sale at the end of Q3 2025. By the end of Q3 2026, the count had dropped to 217, back to where it stood in March. Apartments alone followed the same direction. The late-September column in 2025 counted 181 apartments for sale, and the late-September column in 2026 counted 157. The most recent column puts total condo inventory at about 220 units heading into winter.
Sales fell faster than listings did. Q3 sales went from 99 to 71, a drop of more than a quarter. Fewer units are competing for buyers, and fewer buyers are signing.
The way buyers behave shows up in the September 2026 apartment numbers. Units took an average of 67 days to sell and closed at 94 per cent of asking. In September 2025, apartments took 60 days to sell. In October 2025 they took 47 days and closed at 96 per cent of asking. BarrieToday's columnist describes buyers holding off for lower interest rates and lower prices. The usual fall rebound, when buyers come back after summer, "failed to materialize in 2026."
In a market with this little urgency, a buyer's main advantage is time to wait. That advantage is real, but it is a different kind of leverage than an oversupplied market would give.
Days on Market Leaves Out the Relisting
The 67-day figure has a weakness that matters most in November and December. When a listing is cancelled and then relisted, the day count starts over.
In its September 2025 Condo Report, the BarrieToday columnist warned that some units that sold "may have been on the market for an extended period, but could have been relisted at a lower price, which can distort the actual number of days it took to sell." A local broker quoted by Simcoe.com made the same point about Simcoe County's September days-on-market figure: the number does not account for listings that are cancelled and relisted.
The season makes this worse. According to the latest Condo Report, some Barrie condo sellers will take their units off the market over winter and relist in the new year. Others will stay listed and consider price reductions or more flexible terms, because carrying a unit through the winter adds costs.
A unit that appears in January with a "new" listing date may have been for sale since September. The listing history shows that, but the day count does not. For a buyer, the full listing history is better negotiating information than any monthly average. For a seller, a December withdrawal followed by a January relisting resets the day count, but the full listing record still shows it.
Downtown Has More Supply Coming
The current listing count is lower, but planned supply in downtown Barrie is large, and it helps explain why buyers feel no rush.
At Debut Waterfront Residences, 55 Dunlop St. W., one 32-storey tower was occupied as of July 2026. The second 32-storey tower was still awaiting construction, and the developer gave no update on its timing. The two phases together total 495 units.
The same BarrieToday report listed several proposed downtown towers:
- 73, 75 and 79 Toronto St.: a 30-storey building with 322 apartments
- 50 Worsley St.: two 33-storey towers totalling 628 residences, beside the downtown library branch
- 145 Bradford St. and 48 Ellen St.: five towers of 51 to 61 storeys, 1,793 units in total
- 22, 28 and 34 Vespra St. and 97 and 101 Bradford St.: a 36-storey tower with 462 residences
- 17 Sophia St. E.: 26 storeys with 268 rental residences
Near Allandale Waterfront GO, a 30-storey, 285-unit tower at 51–59 Tiffin St. went to a public planning meeting in October 2025. On the rental side, BarrieToday reported in May 2026 on two projects totalling 341 units: 188 at 53 Coulter St. and 153 at 375 Yonge St.
Most of these are proposals, not buildings under construction. Still, a buyer comparing an existing downtown unit with what may be built nearby has reason to take their time. An investor buyer also faces purpose-built rentals competing for the same tenants.
How the Numbers Change Your Offer
For a buyer, the reliable figures are the quarterly prices, the 94 per cent sale-to-list ratio and the complete listing history. If an offer is justified by the 25 per cent September figure, it is anchored to a record month in 2025. A seller who knows the unit's real comparable sales can dismiss that argument quickly. An offer built on actual comparable sales in the same building, combined with the unit's full time on market, is harder to turn down. That matters more in a month when, as the Condo Report notes, some sellers want to close before year-end.
For a seller, the September headline overstates how much value has been lost, but the quarterly decline is real. Pricing from 2025 comparables means pricing against a market that no longer exists. Buyers have been waiting an average of 67 days, and the gap they have been negotiating off asking is roughly six per cent.
A Few Straight Answers
Are Barrie condo prices down 25 per cent? The September 2026 average for condo apartments was 25 per cent below September 2025, based on 23 and 25 sales, and the 2025 month was a five-year high for September. Across Q3, the average for all condos was down about 14 per cent.
Is Barrie overbuilt with condos right now? Not based on current listings. Condo inventory at the end of Q3 2026 was 217 units, compared with 258 a year earlier. The proposed downtown towers are future supply, and most were still proposals in the most recent reporting.
Is winter a good time to make an offer on a Barrie condo? The Condo Report expects some sellers to cut prices or be more flexible before year-end, while others pull their listings until January. Units still listed in December are more likely to belong to sellers who want to close the deal.
If you own a condo in Barrie and want to know what it would sell for this winter, based on comparable sales in your building rather than the September average, Tait Realty can prepare that number. Start with an Instant Home Valuation, and we'll walk you through whether listing now or waiting for the spring market leaves you with more.
