Ottawa’s housing market remains one of the more resilient in the province, posting steady demand, moderate price growth, and healthy supply levels — even as other Ontario markets experience notable slowdowns.

While some cities across the province are seeing declining sales, price corrections, and rising inventory outpacing demand, Ottawa’s market fundamentals remain strong. Our city’s stable employment base and steady population growth have long provided a degree of insulation, but we’re not completely immune to broader economic trends.

Sales and Prices

In July 2025, there were 1,318 homes sold through the Ottawa Real Estate Board’s MLS® System — a 4.9% increase from July last year, though down from June’s 1,602 transactions.
Year-to-date, 8,704 homes have sold, up 3.1% from the same period in 2024.

The average sale price in July was $695,209, up 2.2% year-over-year. Year-to-date, the average price sits at $702,840, representing 3% growth over 2024.

By property type (MLS® HPI benchmark price):

• Single-family homes: $704,800 (+2%)

• Townhouses: $468,000 (+8.3%)

• Apartments: $411,900 (-1.6%)

The total value of homes sold in July was approximately $920 million, up 7.2% year-over-year.

Supply and Inventory

New listings rose 11.7% from last year, with 2,549 properties hitting the market in July.
Active listings reached 4,205 units, 14% higher than last July and 23.6% above the five-year average.

Months of inventory increased to 3.2 months (from 2.9 last year and 2.7 last month) — typically considered a balanced market. The sales-to-new-listings ratio rose from 51.7% to 55.1%, suggesting demand is keeping pace with supply for now.

Segment Trends

Demand in the downtown condo market has softened slightly, but overall Ottawa continues to post balanced conditions and steady performance. The extra inventory is giving buyers more choice, while sellers still benefit from consistent demand.

The Bottom Line

With a balanced market, steady demand, and modest price growth, Ottawa continues to offer opportunities for both buyers and sellers. Whether you’re looking to purchase your first home, move up, or downsize, the current market conditions make it worth exploring your options.

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