Ottawa Housing Market Outlook 2025
Ottawa Market Report Summary
- The average selling price of a home in Ottawa increased by 0.7% year-over-year to $622,700 in October 2025.
- The average selling price of a single-family home in Ottawa increased by 0.3% year-over-year to $692,400 in October 2025.
- The average selling price of a townhouse/multiplex in Ottawa increased by 6.6% year-over-year to $456,300 in October 2025.
- The average selling price of a condo in Ottawa increased by 0.1% year-over-year to $402,900 in October 2025.
- The average rent in Ottawa decreased by 1.9% year-over-year to $2,161 for October 2025.
- November 25, 2025: Today’s lowest mortgage rate in Ottawa is
for a 5-year fixed.
Composite Home Prices
The average selling price of a home in Ottawa was $622,700 for the month of October 2025, that’s decreased by 0.7% compared to the previous month. On a year-over-year basis, Ottawa home prices have increased 0.7% over the last 12 months.
Single-family Home Prices
The average selling price of a single-family home in Ottawa was $692,400 for the month of October 2025, that’s decreased by 0.7% compared to the previous month. On a year-over-year basis, single-family home prices in Ottawa have increased by 0.3% over the last 12 months.
Townhouse and Multiplex Prices
The average selling price of a townhouse in Ottawa was $456,300 for the month of October 2025, that’s decreased by 1.4% compared to the previous month. On a year-over-year basis, the price of a townhouse in Ottawa has increased by 6.6% over the last 12 months.
Condo Prices
The average selling price of a condo in Ottawa was $402,900 for the month of October 2025, that’s decreased by 1.3% compared to the previous month. On a year-over-year basis, the price of a condo in Ottawa has increased 0.1% over the last 12 months.
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Ottawa Housing Market Summary
Data from the Ottawa Real Estate Board (OREB) indicates that the average price of resale residential homes sold across Ottawa in October 2025 was $622,700, and it increased of 0.7% compared to a year ago.
OREB also reported a sales-to-new-listings ratio (SNLR) of 49%, indicating a Balanced in Ottawa for October 2025.
Ottawa Home Sales in October 2025 Rise 8% as Prices Strengthen
According to the Ottawa Real Estate Board (OREB), Ottawa recorded 1,177 home sales in October, an 8.1% increase from September but a slight 1.2% decline compared to October 2024. The average selling price reached $709,002, up 2.7% month over month and 5.7% year over year. Despite cautious sentiment, activity remained steady, and price growth showed resilience heading into the winter season.
New Listings Down 15% MoM as Ottawa Experiences Seasonal Tightening
Ottawa saw 2,405 new listings in October, down 15.1% from September but 13.4% above last year. Active listings fell from 4,388 to 4,232, a 3.6% month-over-month decrease. Months of inventory (MOI) eased from 4 to 3.6, keeping the region within a balanced market. Ottawa’s seasonal tightening suggests that earlier inventory build-up may be stabilizing.
Year-to-Date Sales Up 3% With Prices Posting Steady Gains
Year-to-date, Ottawa recorded 12,197 sales, up 3.3% from the same period in 2024. Total volume reached $8.55 billion, a 6.5% increase, supported by sustained price appreciation. Ottawa’s year-to-date average price rose 3.0% to $700,869. October alone generated approximately $834.5 million in sales, a 4.5% annual increase.
Ottawa Experiences Modest Annual Gains Across Property Types
Ottawa’s MLS HPI composite benchmark reached $622,700 in October, up 0.7% year over year, with property benchmark prices seeing slight increases. Townhouses remained the strongest performer, while single-family and apartments posted moderate increases.
• Single-family: $692,400, up 0.3%
• Townhouse: $456,300, up 6.6%
• Apartment: $402,900, up 0.1%
Implications for Ottawa Homebuyers and Homeowners
Ottawa homebuyers enter the winter season with stable pricing, moderate inventory, and fewer bidding pressures. Sellers face a balanced environment where realistic pricing and strong preparation are essential. Those renewing their mortgages navigate a market with consistent property values, while homeowners looking to refinance may benefit from steady price gains that support equity positions, even as qualification remains tied to income and debt-service capacity.
Month-over-Month Market Expectations for Ottawa
Transactions – Number of Sales
The number of sales in Ottawa was 1,177 during October 2025, that’s increased by 8.1% compared to the previous month. On a year-over-year basis, sales in Ottawa have decreased by 0.2% over the last 12 months.
New Listings
The number of new listings in Ottawa was 2,405 during October 2025, that’s decreased by 15.1% compared to the previous month. On a year-over-year basis, new listings in Ottawa have increased by 15.1% over the last 12 months.
Real Estate Market
The sales to new listings ratio (SNLR) in Ottawa was 49% during October 2025, indicating a Balanced. On a monthly basis, that’s increased by 27.3% compared to the previous month. Ottawa’s yearly sales to new listings ratio has decreased by 13.3% over the last 12 months.
The sales to new listings ratio (SNLR) measures the number of home sales compared to new listings. An SNLR under 40% suggests a buyer’s market in which buyers have the upper hand and more negotiating power. An SNLR between 40% and 60% is a balanced market, while an SNLR of over 60% is considered a seller’s market.
Annual Changes to Composite Home Prices in Ottawa
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Ottawa Market Rents Summary
The average rent in Ottawa was $2,161 for the month of October 2025, which decreased by 1.9% on a year-over-year basis.
The average rent for a bachelor apartment in Ottawa was $0 for the month of October 2025, which 0 by 0% on a year-over-year basis.
The average rent for a 1-bedroom apartment in Ottawa was $1,960 for the month of October 2025, which decreased by 4.1% on a year-over-year basis.
The average rent for a 2-bedroom apartment in Ottawa was $2,514 for the month of October 2025, which decreased by 0.9% on a year-over-year basis.
The average rent for a 3-bedroom apartment in Ottawa was $1,960 for the month of October 2025, which decreased by 0.9% on a year-over-year basis.
How Does Renting Compare with Homeownership in Ottawa?
Each $100,000 in mortgage balance costs an average of $509.35 per month on nesto’s lowest fixed 5-year rate at
Rates used for calculation are those offered on insured purchases with less than a 20% downpayment on a 25-year amortization. Canada’s policy rate is 2.25%, and nesto’s prime rate is set to 4.45%.
Rental Price Changes by City
Rental Price Changes by Province
Rental Price Growth by Housing Type
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Frequently Asked Questions on Ottawa Housing Market Outlook for 2025
Will Ottawa home prices increase in 2025?
Home prices in Ottawa are expected to rise moderately in 2025 due to strong demand and limited housing supply. As the capital city, Ottawa remains a desirable location for families and professionals, which will sustain price growth.
Is Ottawa a good market for homebuyers in 2025?
Housing in Ottawa offers stability and strong long-term investment potential. Its relatively affordable pricing compared to Toronto, combined with high demand for family homes, makes it an appealing choice for buyers.
How will mortgage rates affect Ottawa’s housing market in 2025?
Declining mortgage rates will encourage more buyers to enter Ottawa’s housing market, increasing competition, particularly for single-family homes and townhouses.
What will drive housing trends in Ottawa in 2025?
Key drivers include strong employment growth in the public sector, limited inventory, and demand for suburban and multi-family housing options.
Will Ottawa’s housing prices remain competitive with other cities?
Ottawa’s home prices remain more affordable than those of Toronto and Vancouver, offering buyers better value while still being competitive in the national market.
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