Published: June 2, 2025
As housing prices in the Greater Toronto Area (GTA) remain high, many prospective homebuyers and investors are exploring more affordable alternatives. Barrie, a city located approximately 90 km north of Toronto, has often been considered a viable option due to its relatively lower housing costs and quality of life. This comprehensive analysis examines whether Barrie continues to be an affordable alternative to the GTA in 2025.
Current Housing Market Overview
Barrie
As of May 2025, the average home price in Barrie is approximately $739,811, with 929 new listings in the last 28 days. The market has seen a 3% monthly increase, indicating a healthy demand for housing in the area. The median days on market for a home is 28 days, suggesting a relatively quick turnover for properties [Source].
Greater Toronto Area (GTA)
In contrast, the average home price in the GTA was $1,107,463 in April 2025, representing a 4.2% decrease year-over-year but a 1.3% increase month-over-month. The benchmark home price stands at $1,009,400, down 5.4% year-over-year. The market is currently considered a buyer’s market, with a sales-to-new-listings ratio (SNLR) of 30% [Source].
Affordability Comparison
The significant difference in average home prices between Barrie and the GTA highlights Barrie’s relative affordability. With an average price of $739,811, Barrie homes are approximately 33% less expensive than those in the GTA. This price gap makes Barrie an attractive option for first-time homebuyers, young families, and investors seeking more affordable housing options.
Economic and Lifestyle Factors
Barrie’s economy is diversified, with significant sectors including education, healthcare, information technology, and manufacturing. Major employers in the city include the Simcoe County District School Board, Georgian College, and the Royal Victoria Regional Health Centre. The city’s proximity to Toronto, combined with its own economic opportunities, makes it a practical choice for those seeking employment while enjoying a lower cost of living [Source].
In terms of lifestyle, Barrie offers a balance between urban amenities and natural beauty. The city is situated along the shores of Kempenfelt Bay and provides residents with access to parks, trails, and recreational activities. The presence of Georgian College and a range of public and private schools adds to the city’s appeal for families.
Transportation and Accessibility
Barrie is well-connected to the GTA via Highway 400, facilitating commutes to Toronto and surrounding areas. The city is also served by GO Transit, providing public transportation options for commuters. While the commute to Toronto can be time-consuming, the trade-off in housing affordability and quality of life is a consideration for many buyers.
Market Trends and Future Outlook
Recent trends indicate that while the GTA is experiencing a buyer’s market with declining prices, Barrie’s market remains robust with increasing prices and quick property turnover. This suggests sustained demand in Barrie, potentially driven by buyers seeking more affordable alternatives to the GTA.
However, it’s essential to consider that as more buyers turn to Barrie, increased demand could lead to higher prices and reduced affordability over time. Prospective buyers should monitor market trends and act promptly to capitalize on current affordability.
Conclusion
In 2025, Barrie continues to be an affordable alternative to the GTA, offering lower average home prices, a diversified economy, and a desirable lifestyle. While the GTA experiences a buyer’s market with declining prices, Barrie’s market remains strong, indicating its growing appeal. Buyers seeking affordability without compromising on quality of life may find Barrie to be a suitable choice. However, with increasing demand, it’s advisable to act promptly to take advantage of current market conditions.
Note: This analysis is based on data available as of May 2025 and is intended for informational purposes only. Prospective buyers should conduct their own research and consult with real estate professionals before making investment decisions.
