Condo Market Report

'Just because the number of units sold could potentially increase, it does not mean that prices will automatically rise,' says columnist

'If inventory continues to rise and demand remains relatively the same, we could see prices soften further,' says columnist

'Buyers are taking the opportunity to view as many properties as possible ... to weigh their options prior to making a decision,' says columnist

'Now that the days are longer and the snow has almost all melted, it is likely to see more buyers in the market booking appointments to view properties,' says columnist

'Although the number of condo units sold over the past year was down, there was some growth in the local market,' says columnist

'Right now, there are some great opportunities for buyers to purchase while the market is not as active,' says columnist

'The lowering of interest rates in the final quarter of this year had a positive impact on the Barrie condo market,' says columnist

'Ordering a status certificate before buying a condominium is a crucial step when considering condo living,' says columnist

Decrease in interest rate was expected to attract more buyers, but 'that has not been the case,' says columnist

'The reduction in interest rates will eventually help with this surplus in properties for sale, but it will take time,' says columnist