“A big one is being a bit nervous with President Trump’s plan to impose tariffs on the
country,” Ayranto said.

On his first day back in the White House, Trump announced 25 per cent tariffs on imports from Canada and Mexico, starting Feb. 1. Ayranto said that while these tariffs may not have a long-term impact, future interest rate cuts from the Bank of Canada could encourage
more real estate activity.

The next interest rate announcement is expected Jan. 29.

“We have upcoming interest rate announcements, which could bring great news if
further reductions are made — this could mean a robust, successful spring,” he said.

According to zolo.ca, the January 2025 Housing Market Report, the average house price in Barrie is $735,943. Homes in Barrie currently spend a median of 41 days on the
market. RE/MAX Canada projects Barrie’s real estate market will see a 4 per cent rise in
average property prices, reaching $569,525. Home sales are also expected to grow by
5 per cent compared to 2020.

Andre Jmourko, a realtor with Sutton Group Incentive Realty, noted that it’s still too soon
to determine the impact of Trump’s tariffs on the real estate market. However, he
anticipates growth for the Barrie market this spring.

“We’re predicting a steadier, more traditional market with increased activity in the spring
– it’s starting off slow, but by end of the year we project prices to rise slightly,” he said.

Jmourko said the Barrie market offers a unique opportunity for those looking to leave
the Greater Toronto Area, a trend that could boost local sales this year.

“Barrie offers great value for those looking to move out of the GTA but still needing that
close city connection balanced with suburban living,” he said.

Ayranto acknowledged concerns about the local real estate market but suggested
entering now, while understanding why some may wait.

“The earlier you get in, especially if you are going to purchase, the better right now,” he
said.

“For those that are waiting to see what the top of the market will look like, I’d wait a little
longer into the end of spring to early fall for a more clear picture.”

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