north bay Real Estate

The real estate market in North Bay, Ontario, is experiencing a shift as we close out 2025, characterized by rising inventory, and shifting buyer preferences. Here’s an overview of the current trends:

First-Time Buyers: There is a notable demand for single-family, semi-detached, and multi-unit properties around the $400,000 price point, driven by first-time buyers. 

Lifestyle Buyers: Move-up buyers are seeking waterfront, acreage, rural properties, or properties in luxury neighbourhoods. Although there is still demand, this market has slowed significantly from the first half of 2025 as buyers use more caution in their decision making.

Buyer or Sellers Market: We are seeing a shift in the market which is leading us towards a more balanced market. Buyers are cautious. Seller's are needing to use strategy and some patience. Show-ready homes are more important now than they have been the last few years. 

Investment Outlook
Steady Appreciation: Home prices are projected to continue rising as we make our way through 2026. 

Growing Demand: The influx of first-time and lifestyle buyers indicates a robust market with diverse buyer profiles. A good product priced appropriately is very important to catch a prospective buyer's eye. 

Balanced Market Dynamics: The increase in inventory provides more options for buyers, while still maintaining favourable conditions for sellers.