The Simcoe County real estate market update February 2025 indicates continued shifts in buyer and seller activity. February saw a decline in sales compared to both the previous month and the same time last year. A total of 475 residential properties changed hands, representing a 14.26 percent decrease from February 2024 and a slight 1.04 percent dip from January 2025. The average sale price across all home types in Simcoe County fell to $792,486, marking a 5.76 percent decline year over year and a 5.85 percent decrease month over month.
Inventory levels remain elevated, with active listings increasing by a staggering 78.42 percent year over year. This has led to a significant rise in months of inventory, now sitting at 5.36 months—more than double last year’s figure of 2.58 months. However, on a month-over-month basis, inventory levels have stabilized, indicating that while buyers have more choices, the market is not being flooded with new listings at the same rate.
Barrie saw a notable slowdown in sales activity, with transactions down 17.93 percent year over year and 8.48 percent month over month. The average home price in Barrie dropped by 5.38 percent from February 2024 and 4.02 percent from January 2025, settling at $730,015. Meanwhile, active listings surged by 70.59 percent year over year, leading to increased competition among sellers.
In Bradford West Gwillimbury, average home prices fell by 7.19 percent from last year, now sitting at $1,026,110. However, month-over-month price fluctuations were more dramatic, with a steep 25.72 percent drop from January 2025, making it one of the most volatile areas in Simcoe County.
Clearview saw one of the few price gains in the region, with a 49.63 percent year-over-year increase, bringing the average price to just over $1 million. However, sales volume in Clearview remained low, and inventory levels climbed significantly, suggesting that while a few high-end sales boosted the average price, the broader market remains soft.
Orillia saw sales activity increase by 45 percent year over year, one of the stronger performances in the county. However, home prices in the city declined by 7.8 percent compared to February 2024 and 10.99 percent month over month.
The recent Bank of Canada rate cut has introduced some optimism into the market, as lower borrowing costs may encourage more buyers to enter the market. However, the impact has yet to be fully realized, as consumer confidence remains cautious, and many are waiting to see if further cuts will follow in the coming months. Additionally, the newly imposed U.S. tariffs by the Trump administration are creating uncertainty in the Canadian economy, particularly in industries tied to construction and manufacturing. Increased costs for imported materials could lead to higher building costs, which may put upward pressure on new home prices in the coming months. At the same time, economic volatility could make some buyers hesitant to commit to large purchases, further tempering demand.
Overall, the Simcoe County housing market remains in a period of transition, with increased inventory levels providing more opportunities for buyers while price adjustments continue across many communities. With interest rates potentially moving lower and global trade policies shifting, the coming months will be critical in determining market direction.
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Disclaimer
The prices reflected in this media release are based on homes sold via the live Toronto MLS® System only. The Barrie & District Association of REALTORS® cautions that over a period of time the use of average price information can be useful in establishing trends, but it does not indicate actual prices in widely divergent areas or account for price differentials between geographical areas. The prices reflected in this media release are based on homes sold via the live TRREB MLS® system only.
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