Barrie home sales and prices were on an upward trajectory to kick off 2020. February transactions were up both on a month-over-month and year-over-year basis, with average sale price was also trending upward in lockstep. Strong demand with balanced market conditions persisted 2019. However, 2020 has been a bit of a wildcard across all Canadian markets due to COVID-19 and the resulting non-essential business closures and social distancing measures currently in place.
Barrie neighbourhoods are a hot spot for suburban families and those looking to move up in the market. Echoing sentiments across other Ontario housing markets, key concerns for homebuyers in Barrie are affordability and low housing supply.
So, what are the best neighbourhoods in Barrie to buy a house? RE/MAX explores more than 300 of Canada’s most liveable hot spots in the new 2020 Liveability Report. Here are our top picks for Barrie.
10 Most Liveable Neighbourhoods in Barrie
Most Up-And-Coming Neighbourhoods in Barrie
For homebuyers seeking those “up-and-coming” opportunities, North Barrie, Stanley, and Snelgrove are currently viewed as some of the top neighbourhoods in the region, with townhomes making up a significant number of homes in each area. Ferndale and Essa boast close proximity to schools and commuter locations, making them some of the most highly liveable neighbourhoods.
Barrie’s Future Liveability
Liveability is only expected to continue improving throughout Barrie, thanks to increased infrastructure and close proximity to nature, including Lake Simcoe and various ski hills, trails and other outdoor activities. The municipality continues to build more infrastructure to support its citizens: roads and highway access ramps, downtown revitalization, and new condos and home construction. At approximately 50 per cent the price and value of comparable homes in the Greater Toronto Area, Barrie is extremely attractive to buyers seeking affordability coupled with lifestyle, offered by the lake and many all-season outdoor activities available.
Barrie at a Glance
Barrie is the gateway to Ontario’s “Cottage Country,” located on the shores of Kempenfelt Bay and Lake Simcoe. Barrie has seen a boom in recent decades, spurred by move-over buyers from the Greater Toronto Area seeking affordability, employment opportunities and a quieter pace of live. GO Transit shuttles commuters between Barrie and Toronto, about 85 kilometres. With Barrie residential real estate priced at about half the price and value of comparable homes in Toronto, making it attractive to to those seeking affordability and liveability alike.
Liveability is about quality of life at a local level. A neighbourhood’s dynamism, or lack thereof, involves a delicate convergence between independent small businesses, public institutions, arts and culture, green spaces and housing, to name a few. The COVID-19 tragedy will impact neighbourhood ecosystems differently across the country, just as the virus itself has. Yet, civic/local pride has been proliferating throughout this crisis in inspiring ways, giving Canadians hope that micro-economies, including real estate, have the resilience to be restored in the near and mid-term.
Lydia McNutt is an award-winning journalist and editor, with almost two decades of experience in the real estate sector. At RE/MAX, Lydia is responsible for developing consumer-facing content while promoting the RE/MAX brand. This includes housing market reports and RE/MAX network news featured on the RE/MAX Canada blog and social media channels. Lydia has been published nationally on topics ranging from real estate, architecture, decor and design, to finance, business, technology, entertainment and lifestyle. When she’s not head-down at her writing desk, Lydia is busy “momming” in Oakville, Ontario, where she lives with her husband, two kids and their chocolate lab, Betty. Email Lydia at email@example.com