OTTAWA, August 7, 2025 – Ottawa’s housing market continues to demonstrate steady demand, moderate price growth, and a healthy level of supply—even as other markets experience increased volatility.
Some Ontario markets are encountering more pronounced slowdowns, with declining sales, price corrections, and rising inventory levels outpacing demand. Historically, Ottawa has been somewhat insulated from such extremes due to its stable employment base and consistent population growth, but broader provincial or national trends can still influence the local market over time.
The recent rise in active listings, both year-over-year and compared to the five-year average, may signal early supply pressure. At the same time, the sales-to-new-listings ratio increased from 51.7% to 55.1% compared to last year, indicating that demand is keeping pace with supply. For now, this rise in inventory gives buyers more choice, but it is a trend worth monitoring.
“While we’ve seen demand softening in the condo market, especially in the downtown core, Ottawa’s real estate market continues to stand out for its resilience and stability,” says Paul Czan, President of the Ottawa Real Estate Board (OREB). “With steady demand, balanced inventory, and moderate price growth, our fundamentals remain strong. We’re keeping a close eye on changing dynamics and will continue providing transparent insights to help our Members and the public navigate the market with confidence.”
Residential Market Activity
In July 2025, 1,318 homes were sold across the OREB region. While this is down from 1,602 units in June, it represents a 4.9% increase over July 2024. Year-to-date, there have been 8,704 home sales, 3.1% higher than at the same point in 2024.
The average sale price for all homes sold in July was $695,209, up 2.2% from last year, while the year-to-date average stands at $702,840, a 3% increase over the first seven months of 2024. Total dollar volume of sales in July reached approximately $920 million, a 7.2% increase year-over-year.
On the listings side, 2,549 new residential properties were added in July, up 11.7% from last year. Active listings totaled 4,205 units, up 14% compared to July 2024 and 23.6% above the five-year average. Months of inventory rose slightly to 3.2, compared to 2.9 a year ago and 2.7 last month—indicative of a balanced market.
MLS® Home Price Index
The MLS® HPI composite benchmark price in Ottawa was $633,100 in July, a 1.9% increase year-over-year. By property type:
Single-family homes: $704,800, up 2%
Townhouses: $468,000, up 8.3%
Apartments: $411,900, down 1.6%
Source: members.oreb.ca
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