Ottawa Housing Market Outlook 2025
Table of contents
Ottawa Market Report Summary
- The average selling price of a home in Ottawa increased by 1.5% year-over-year to $630,000 in August 2025.
- The average selling price of a single-family home in Ottawa increased by 1.5% year-over-year to $700,100 in August 2025.
- The average selling price of a townhouse/multiplex in Ottawa increased by 8.3% year-over-year to $466,200 in August 2025.
- The average selling price of a condo in Ottawa decreased by 1.1% year-over-year to $412,300 in August 2025.
- The average rent in Ottawa decreased by 1% year-over-year to $2,202 for August 2025.
- October 6, 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 $630,000 for the month of August 2025, that’s decreased by 0.5% compared to the previous month. On a year-over-year basis, Ottawa home prices have increased 1.5% over the last 12 months.
Single-family Home Prices
The average selling price of a single-family home in Ottawa was $700,100 for the month of August 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 1.5% over the last 12 months.
Townhouse and Multiplex Prices
The average selling price of a townhouse in Ottawa was $466,200 for the month of August 2025, that’s decreased by 0.4% compared to the previous month. On a year-over-year basis, the price of a townhouse in Ottawa has increased by 8.3% over the last 12 months.
Condo Prices
The average selling price of a condo in Ottawa was $412,300 for the month of August 2025, that’s increased by 0.1% compared to the previous month. On a year-over-year basis, the price of a condo in Ottawa has decreased 1.1% 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 August 2025 was $630,000, and it increased of 1.5% compared to a year ago.
OREB also reported a sales-to-new-listings ratio (SNLR) of 58%, indicating a Balanced in Ottawa for August 2025.
Ottawa Home Sales Up 12% Year-Over-Year
According to the Ottawa Real Estate Board (OREB) for August 2025, the region recorded 1,236 home sales, a 12.1% increase compared with August 2024. While sales eased from earlier summer peaks, year-to-date activity reached 9,936 transactions, up 4.1% from the same period last year.
The average home price in Ottawa climbed to $686,536 in August, up 3.6% annually. Year-to-date, the average price reached $700,828, representing a 3% increase over the first 8 months of 2024. Benchmark data shows modest price growth of 1.5% overall, with sharper gains in some property types.
- August sales: 1,236, up 12.1% YoY
- Average price: $686,536, up 3.6% annually
- Year-to-date average: $700,828, up 3%
- New listings: 2,121, up 8.6% annually
- Active listings: 3,971, up 13.3% YoY and 37% above the 5-year average
Townhouses Lead With 8% Price Growth While Condos Slip 1%
Property type trends show diverging paths across Ottawa. Single-family homes averaged $700,100, up 1.5% YoY. Townhouses led the market with an 8.3% jump to $466,200, reflecting strong demand for mid-priced family housing. Condominiums lagged, dipping 1.1% to $412,300, particularly in the downtown core, where supply remains elevated.
Inventory Climbs 13% but Market Conditions Remain Balanced
Active listings reached 3,971 in August, 37% above the 5-year average and up 13.3% from last year. Despite the rise, Ottawa remains a balanced market with 3.2 months of inventory and a sales-to-new-listings ratio (SNLR) of 58.3%. These figures suggest demand is keeping pace with supply, preventing downward price pressure.
Federal Build Canada Homes Program to Add New Supply in Ottawa
Ottawa is among 6 cities slated to benefit from the Build Canada Homes initiative, which will deliver 4,000 new housing units nationwide using modular and factory-built methods. The $13-billion program is designed to speed up affordable housing development, and Ottawa’s share will help ease rental and homeownership affordability challenges in the years ahead.
Ottawa Balanced Market Supports National Home Price Stability
RBC Economics highlighted Ottawa as one of the regions where balanced supply-demand conditions are driving moderate price appreciation. Unlike Ontario’s larger markets, where inventory growth is weighing on values, Ottawa has maintained stability and is contributing to the broader national recovery in housing activity.
Mortgage Implications for Buyers and Sellers in Ottawa
- Buyers are gaining more negotiating power with nearly 4,000 active listings on the market, though townhouse prices rising at 8% show demand is strongest in this segment. Lower borrowing costs could support renewed demand in Ottawa’s fall market, particularly among first-time buyers.
- Sellers can expect steady activity but should be mindful of pricing strategies, especially for condominiums where values are flat to declining.
- Homeowners looking to renew or refinance their mortgage may benefit from the Bank of Canada easing its monetary policy.
Ottawa’s housing market is entering the fall season with balanced conditions, rising prices, and more inventory, setting up an active environment for both buyers and sellers. The addition of new federal housing projects will further shape affordability and supply in the years to come.
Month-over-Month Market Expectations for Ottawa
Transactions – Number of Sales
The number of sales in Ottawa was 1,236 during August 2025, that’s decreased by 6.2% compared to the previous month. On a year-over-year basis, sales in Ottawa have increased by 12.4% over the last 12 months.
New Listings
The number of new listings in Ottawa was 2,121 during August 2025, that’s decreased by 16.8% compared to the previous month. On a year-over-year basis, new listings in Ottawa have increased by 11.2% over the last 12 months.
Real Estate Market
The sales to new listings ratio (SNLR) in Ottawa was 58% during August 2025, indicating a Balanced. On a monthly basis, that’s decreased by 12.7% compared to the previous month. Ottawa’s yearly sales to new listings ratio has increased by 1% 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 $2,202 for the month of August 2025, which decreased by 1% on a year-over-year basis.
The average rent for a bachelor apartment in Ottawa was $0 for the month of August 2025, which 0 by 0% on a year-over-year basis.
The average rent for a 1-bedroom apartment in Ottawa was $1,997 for the month of August 2025, which decreased by 2% on a year-over-year basis.
The average rent for a 2-bedroom apartment in Ottawa was $2,540 for the month of August 2025, which decreased by 1% on a year-over-year basis.
The average rent for a 3-bedroom apartment in Ottawa was $1,997 for the month of August 2025, which decreased by 1% on a year-over-year basis.
How Does Renting Compare with Homeownership in Ottawa?
Each $100,000 in mortgage balance costs an average of $520.08 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 2.50%, and nesto’s prime rate is set to 4.70%.
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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