Ottawa Housing Market Outlook 2026
Ottawa Market Report Summary 2026
- The average selling price of a home in Ottawa increased by 0.9% year-over-year to $620,400 in November 2025.
- The average selling price of a single-family home in Ottawa increased by 1.6% year-over-year to $701,700 in November 2025.
- The average selling price of a townhouse/multiplex in Ottawa decreased by 3% year-over-year to $551,700 in November 2025.
- The average selling price of a condo in Ottawa decreased by 2.2% year-over-year to $397,100 in November 2025.
- The average rent in Ottawa is now $2,188 for November 2025.
- December 21, 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 $620,400 for the month of November 2025, that’s decreased by 0.8% compared to the previous month. On a year-over-year basis, Ottawa home prices have increased 0.9% over the last 12 months.
Single-family Home Prices
The average selling price of a single-family home in Ottawa was $701,700 for the month of November 2025, that’s decreased by 0.4% compared to the previous month. On a year-over-year basis, single-family home prices in Ottawa have increased by 1.6% over the last 12 months.
Townhouse and Multiplex Prices
The average selling price of a townhouse in Ottawa was $551,700 for the month of November 2025, that’s decreased by 2.2% compared to the previous month. On a year-over-year basis, the price of a townhouse in Ottawa has decreased by 3% over the last 12 months.
Condo Prices
The average selling price of a condo in Ottawa was $397,100 for the month of November 2025, that’s decreased by 0.4% compared to the previous month. On a year-over-year basis, the price of a condo in Ottawa has decreased 2.2% 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 November 2025 was $620,400, and it increased of 0.9% compared to a year ago.
OREB also reported a sales-to-new-listings ratio (SNLR) of 60%, indicating Balanced market conditions in Ottawa for November 2025.
Ottawa Shows Balanced Conditions Tilting Toward Higher Supply
According to the Ottawa Real Estate Board (OREB), Ottawa’s housing market eased into a slower rhythm in November, shaped by early winter seasonality and a more cautious economic backdrop. Home sales declined from October and came in well below last November’s pace, while inventory trends pointed to a market that remains broadly balanced but increasingly supply-tilted. Months of inventory rose again after tightening earlier in the fall, confirming that the seasonal slowdown was more pronounced than usual this year.
Ottawa Market Snapshot for November
Recent MLS data highlights softer demand alongside a notable rise in available supply.
- Total home sales reached 880 in November, down from 1,177 in October and 18.2% lower than November last year
- Year-to-date sales remain 1.5% higher than at the same point last year, keeping overall activity on a relatively stable footing
- The average sale price was $680,496, up just over 2% YoY
- Year-to-date average price held near $700,000, representing a 3% increase from last year
- Total dollar volume of sales fell 16.5% YoY to roughly $599M
- Active listings rose to 3,721, up more than 31% from last November
- Months of inventory increased to 4.2, moving further away from the previous year’s tighter conditions
Single-Family Homes Continue to Support Prices
Single-family homes remained the primary source of home price strength in Ottawa. The average single-family sale price climbed to $825,827 in November, up 4.8% YoY and 4% year-to-date. Inventory for this segment rose, with months of inventory around 4, suggesting a more balanced environment than earlier in the year, but not yet under significant price pressure.
Townhomes and Apartments Face Growing Supply Pressure
Supply growth is most visible outside the single-family segment. Townhome prices averaged $542,607 in November, down from October and below year-to-date levels, as inventory continued to build. The condo/apartment segment is under the most significant pressure, with condo months of inventory climbing above 7 and sales down more than 33% YoY. While average condo prices have held up better than townhomes on an annual basis, the volume of available units points to a softer market tone.
Why the Ottawa Market Conditions Are Shifting
Ottawa’s market is adjusting to a combination of affordability constraints and increased choice. Although active listings dipped slightly from October, they remain well above last year and above levels seen in each of the past 5 years, indicating that this is more than a typical seasonal supply build. Nearly 70% of new housing starts this year are concentrated in rental and condo projects, adding to the longer-term multi-unit supply pipeline that will continue to shape market conditions beyond the winter months.
Month-over-Month Market Expectations for Ottawa
Transactions – Number of Sales
The number of sales in Ottawa was 880 during November 2025, that’s decreased by 25.2% compared to the previous month. On a year-over-year basis, sales in Ottawa have decreased by 16.9% over the last 12 months.
New Listings
The number of new listings in Ottawa was 1,458 during November 2025, that’s decreased by 39.4% compared to the previous month. On a year-over-year basis, new listings in Ottawa have increased by 7.8% over the last 12 months.
Real Estate Market
The sales to new listings ratio (SNLR) in Ottawa was 60% during November 2025, indicating a Balanced. On a monthly basis, that’s increased by 23.3% compared to the previous month. Ottawa’s yearly sales to new listings ratio has decreased by 22.9% 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 $2,188 for the month of November 2025.
The average rent for a 1-bedroom apartment in Ottawa was $1,951 for the month of November 2025, which decreased by 3.2% on a year-over-year basis.
The average rent for a 2-bedroom apartment in Ottawa was $2,478 for the month of November 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 $520.07 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, driven by 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 public-sector employment growth, limited inventory, and demand for suburban and multifamily housing options.
Will Ottawa’s housing prices remain competitive with other cities in 2025?
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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