While some Ontario cities are facing slower sales, price drops, and more inventory than demand can handle, Ottawa’s market continues to hold steady. We’re seeing balanced conditions, moderate price growth, and healthy supply, a sign of resilience in a shifting provincial market.
Sales Are Up from Last Year
In July 2025, 1,318 homes sold across the Ottawa Real Estate Board region—down from June’s 1,602 (seasonal), but 4.9% higher than July 2024. Year-to-date sales are up 3.1%, showing slow but steady growth.
Prices: Moderate Increases
The average sale price in July was $695,209, a 2.2% increase from last year.
Year-to-date, the average sits at $702,840 (up 3%).
The MLS® Home Price Index benchmark is $633,100, up 1.9% year-over-year.
By property type:
Single-family homes: $704,800 (+2%)
Townhouses: $468,000 (+8.3%)
Condos: $411,900 (–1.6%)
Condo demand, especially in downtown areas, is showing signs of softening.
More Inventory, More Choice
July brought 2,549 new listings (+11.7% YoY) and 4,205 active listings, up 14% from last year and 23.6% above the five-year average. Months of inventory rose to 3.2 months, pointing to a balanced market where buyers and sellers are on more even footing.
What This Means for You
Buyers: More selection and manageable price growth, a good time to shop.
Sellers: Townhouses and single-family homes are still moving well; condos may need sharper pricing and stronger marketing.
Investors: Ottawa remains a stable long-term bet compared to more volatile Ontario markets.
Ottawa’s market is proving that slow and steady can be a strength. If you’re considering a move, this balance between supply and demand is rare and worth taking advantage of.
📩 Thinking of buying or selling? Let’s talk about your next steps.
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