What’s Happening in the North Bay Housing Market?
The average residential sale price in the North Bay housing market increased by 7.4 per cent across all property types between 2025 and 2026, rising from $434,461 to $466,815. The number of sales decreased by 4.9 per cent over the same period, declining from 703 to 669. Meanwhile, the number of listings increased by 2.1 per cent, from 1,293 to 1,320.
Looking ahead, average 2026 sale prices are expected to decrease by approximately 1.7 per cent compared with 2025 levels, while the number of sales is projected to increase by approximately two per cent.
North Bay remains a buyer’s market, with high inventory and low demand. This market condition is expected to continue through the remainder of the year, giving buyers greater choice and negotiating power.
Home prices remaining too high relative to buyers’ incomes is the biggest factor preventing more first-time buyers from entering the market.
According to North Bay-based John Skidmore of REMAX Crown Realty, the GST/HST rebate has not meaningfully changed the path to homeownership, with other affordability factors outweighing any potential benefit. The rebate has had little impact on prices and has not resulted in a noticeable change in buyer conversations or behaviour. The rebate has also had little noticeable impact across specific price points, neighbourhoods, or types of new construction, with prices remaining largely unaffected.
Buyers are least willing to compromise on home age or condition, while there is an overall reluctance among buyers to make significant changes to their preferences.
According to John, the foreign buyer ban has had little impact on either affordability or new construction development in North Bay.
Frequently Asked Questions
How have home prices changed in North Bay?
The average residential sale price in North Bay increased by 7.4 per cent across all property types between 2025 and 2026, rising from $434,461 to $466,815.
How have sales and listings changed in North Bay?
The number of sales decreased by 4.9 per cent, from 703 to 669, while the number of listings increased by 2.1 per cent, from 1,293 to 1,320.
What is expected for North Bay home prices in 2026?
Average 2026 sale prices are expected to decrease by approximately 1.7 per cent compared with 2025 levels.
What is expected for home sales in North Bay in 2026?
The number of sales is projected to increase by approximately 2 per cent.
Is North Bay a buyer’s market?
Yes. North Bay remains a buyer’s market, with high inventory and low demand. This market condition is expected to continue through the remainder of the year, giving buyers greater choice and negotiating power.
What is the biggest barrier for first-time buyers?
Home prices remaining too high relative to buyers’ incomes is the biggest factor preventing more first-time buyers from entering the market.
How is the GST/HST rebate affecting the North Bay housing market?
According to John Skidmore of North Bay-based REMAX Crown Realty, the GST/HST rebate has not meaningfully changed the path to homeownership, with other affordability factors outweighing any potential benefit. The rebate has had little impact on prices and has not resulted in a noticeable change in buyer conversations or behaviour.
Has the GST/HST rebate had a noticeable impact on specific price points or neighbourhoods?
The rebate has had little noticeable impact across specific price points, neighbourhoods or types of new construction, with prices remaining unaffected.
What are buyers least willing to compromise on?
Buyers are least willing to compromise on home age or condition, while there is an overall reluctance among buyers to make significant changes to their preferences.
Has the foreign buyer ban affected affordability or new construction development?
According to John Skidmore, the foreign buyer ban has had little impact on either affordability or new construction development in North Bay.
