Ottawa Housing Market Outlook 2025
Table of contents
Ottawa Market Report Summary
- The average selling price of a home in Ottawa increased by 1.6% year-over-year to $634,300 in June 2025.
- The average selling price of a single-family home in Ottawa increased by 1.6% year-over-year to $707,600 in June 2025.
- The average selling price of a townhouse/multiplex in Ottawa increased by 9% year-over-year to $467,900 in June 2025.
- The average selling price of a condo in Ottawa decreased by 0.6% year-over-year to $411,500 in June 2025.
- The average rent in Ottawa increased by 1% year-over-year to $2,199 for June 2025.
- July 18, 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 $634,300 for the month of June 2025, that’s increased by 0.7% compared to the previous month. On a year-over-year basis, Ottawa home prices have increased 1.6% over the last 12 months.
Single-family Home Prices
The average selling price of a single-family home in Ottawa was $707,600 for the month of June 2025, that’s increased by 1.1% 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 $467,900 for the month of June 2025, that’s increased by 4.7% compared to the previous month. On a year-over-year basis, the price of a townhouse in Ottawa has increased by 9% over the last 12 months.
Condo Prices
The average selling price of a condo in Ottawa was $411,500 for the month of June 2025, that’s increased by 1.7% compared to the previous month. On a year-over-year basis, the price of a condo in Ottawa has decreased 0.6% 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 June 2025 was $634,300, and it increased of 1.6% compared to a year ago.
OREB also reported a sales-to-new-listings ratio (SNLR) of 55%, indicating a Balanced in Ottawa for June 2025.
Ottawa Home Sales Rise in June Despite Summer Slowdown
According to the Ottawa Real Estate Board (OREB), Ottawa’s real estate market posted a solid year-over-year gain in June, even as activity eased slightly compared to May. A total of 1,602 homes changed hands through OREB, down 11.3% month-over-month but up 10.6% from June 2024. That puts home sales 3.8% above the five-year average for this time of year, confirming a delayed spring surge that bled into early summer.
- Home sales: 1,602 units (+10.6% YoY)
- New listings: 2,933 properties (+13.8% YoY)
- Active listings: 4,350 units (+11.6% YoY)
- MLS HPI composite benchmark price: $634,300 (+1.6% YoY)
- Average sale price: $723,152 (+5.2% YoY)
- Total sales volume: $1.15 billion (+16.3% YoY)
- Months of inventory: 2.7 (steady YoY)
OREB President Paul Czan noted that more listings are giving homebuyers options, while sellers need to price their homes strategically and prepare them thoroughly to compete. Apartments were the weakest segment in June, with sales down 20% year-over-year, pressured by rising condo fees, new supply, and affordability hurdles, especially for first-time homebuyers (FTHB). However, townhomes showed the strongest growth, with prices up 9% year-over-year.
With more families expected to enter the housing market in July and August, activity could pick up again before the fall, particularly in family-friendly and student-dense neighbourhoods. While condo demand softens, the broader market remains balanced and resilient.
Mortgage Strategy Takeaways as Ottawa Market Builds Stability
Ottawa’s housing market presents a mixed but stable picture for mortgage borrowers. For homebuyers, increased inventory and slower condo sales mean more options and negotiating power, especially in the apartment segment. The return of seasonal trends gives buyers a window to shop while rates remain elevated but stable. Buyers looking at townhomes will need to move faster, given stronger price growth in that segment.
Renewers in Ottawa may find themselves squeezed if they purchased between 2020 and 2022, especially in condo buildings with rising strata fees. Some may consider switching to a longer amortization to manage payment shock, while others could explore alternative lenders if equity has held.
Refinancers, particularly those with rental units or condos, should review updated appraisals carefully. While prices are rising modestly overall, stagnant or falling condo values may limit access to home equity for some homeowners, especially those seeking to consolidate other debts.
From a policy lens, the Bank of Canada will likely view Ottawa’s performance as confirmation of soft but healthy momentum across mid-sized markets. The uptick in inventory and modest price gains suggest no risk of overheating, supporting the case for a cautious but continued easing path, mainly if inflation pressures ease and broader economic indicators remain weak.
Month-over-Month Market Expectations for Ottawa
Transactions – Number of Sales
The number of sales in Ottawa was 1,602 during June 2025, that’s decreased by 11.3% compared to the previous month. On a year-over-year basis, sales in Ottawa have increased by 11.3% over the last 12 months.
New Listings
The number of new listings in Ottawa was 2,933 during June 2025, that’s decreased by 14.5% compared to the previous month. On a year-over-year basis, new listings in Ottawa have increased by 18.8% over the last 12 months.
Real Estate Market
The sales to new listings ratio (SNLR) in Ottawa was 55% during June 2025, indicating a Balanced. On a monthly basis, that’s increased by 3.7% compared to the previous month. Ottawa’s yearly sales to new listings ratio has decreased by 6.3% 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 $2,199 for the month of June 2025, which increased by 1% on a year-over-year basis.
The average rent for a bachelor apartment in Ottawa was $0 for the month of June 2025, which 0 by 0% on a year-over-year basis.
The average rent for a 1-bedroom apartment in Ottawa was $1,993 for the month of June 2025, which unchanged by 0% on a year-over-year basis.
The average rent for a 2-bedroom apartment in Ottawa was $2,578 for the month of June 2025, which increased by 4% on a year-over-year basis.
The average rent for a 3-bedroom apartment in Ottawa was $1,993 for the month of June 2025, which increased by 4% on a year-over-year basis.
How Does Renting Compare with Homeownership in Ottawa?
Each $100,000 in mortgage balance costs an average of $522.77 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 2.75%, and nesto’s prime rate is set to 4.95%.
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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