Average Income Puts Many Barrie Homes Within Reach

Real Estate Site Zoocasta Tallies How Much Income Is Needed In Various Barrie Neighbourhoods

An average household income is just enough for a home in some of Barrie’s neighbourhoods, but not all.

The real estate site Zoocasta has taken a look at what you’d need to save to buy a home in Barrie, saying three neighbourhoods within the city stand out for affordability. City Centre, Lakeshore, and Ardagh, where median home prices remain below $450,000. A median-income household would qualify for a large enough mortgage to purchase a home and save for the required downpayment within a six-year timeline.

If you’d rather buy in Sunnidale, Holly, or Allandale, you’d have to save your median income for around seven and a half years before affording that downpayment.

In Innishore, Barrie’s priciest neighbourhood as rated by Zoocasta, the median home price is $602,500; the average money-maker would have to save for 17.8 years to afford the necessary downpayment.

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