As much of Ontario’s housing market navigates volatility, Ottawa continues to stand out for its steady demand, moderate price growth, and balanced supply.
July 2025 Snapshot
- Homes Sold: 1,318, up 4.9% compared to July 2024
- Average Price: $695,209, up 2.2% year-over-year
- Year-to-Date Sales: 8,704, a 3.1% increase from 2024
- Total July Sales Value: $920M, up 7.2% YoY
- New Listings: 2,549, up 11.7%
- Active Listings: 4,205, up 14% from last year, and 23.6% above the 5-year average
- Months of Inventory: 3.2, indicating a balanced market
While Ottawa has historically been somewhat insulated from extreme market swings thanks to its stable employment base and steady population growth, it’s not immune to broader economic pressures. Rising inventory, both year-over-year and compared to the five-year average, is an early indicator worth noting.
The sales-to-new-listings ratio rose from 51.7% to 55.1% year-over-year, suggesting demand is currently keeping pace with supply. For buyers, this means more choice without the frenzied competition seen in past years.
Property Type Trends
- Single-family homes: $704,800 (+2%)
- Townhouses: $468,000 (+8.3%)
- Apartments: $411,900 (-1.6%)
Condos, particularly in the downtown core, are seeing softer demand — but overall, Ottawa’s fundamentals remain strong.
Paul Czan, President of the Ottawa Real Estate Board, sums it up:
“With steady demand, balanced inventory, and moderate price growth, our fundamentals remain strong. We’re keeping a close eye on changing dynamics, and we’ll continue monitoring the data and providing transparent insights.”
Bottom Line
Ottawa’s real estate market is still in healthy territory, but the increase in active listings could signal a shift ahead. As fall approaches, both buyers and sellers should keep a close watch on inventory trends.
