This Ontario city's home prices are expected to nosedive by $114K in 2023 Ontario RealEstate
The average home price in one Ontario city is expected to fall by more than $114,000 in the coming year., the average home price in the city will drop to $648,642.65 next year, a 15 per cent decline from the $763,109.00 average experienced between January 1, 2022 and October 31, 2022.in Barrie are expected to fall by 10 per cent in 2023, but the softer demand will lead to an increase in supply as new units spring up at a rapid rate.
First-time buyers will have a marked effect on the city's housing market next year, the report noted. In their search for affordability and an entryway into homeownership, many will set their sights on co-ownership and rental units.The conditions will lead to a balanced housing market for Barrie.
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