As of July 2025, Ottawa’s housing market continues to exhibit balanced, steady growth, following a strong rebound in spring. Mortgage rates remain stable while market supply is increasing. Compared to larger Canadian cities, Ottawa is faring better thanks to restrained price growth and ample inventory

Market Snapshot (June–July 2025)

Prices

  • Average sale price: Approximately $730,000, up ~5% year-over-year and roughly 3% from May
    • Detached Single Family Home: $870,000
    • Townhouse: $569,000
    • Condo: $492,000

Sales & Inventory

  • Volume: 1,800 homes sold in June, representing growth of 15% Year over Year
  • New listings: 3,400 in May; inventory now totals 4,350 active listings
  • Sales-to-New-Listings Ratio (SNLR): 50–53%, indicating neither strong buyer nor seller dominance.

Buyer & Seller Trends

Buyer Behavior

Kanata, Barrhaven, and Orléans continue to experience increasing interest among buyers, despite more workers being required to go back to the office. Although condo prices and sales are on a steady decline across the country, urban areas, such as Centretown, the Glebe, and Hintonburg continue to attract professionals and young families who value walkability.

Seller Landscape

More properties are coming to the Ottawa market, leading to an increase in competition for sellers. Sellers are required to focus on strategic pricing, improving the property’s presentation, and deal with increased number of conditions on purchases. Despite the increased competition, many homes are still selling close to asking price.

Outlook Through 3rd & 4th Quarter 2025

Interest Rates & Mortgage Climate

Bank of Canada mortgage rates are expected to remain steady in the vicinity of 4-5% with the potential for cuts on the horizon later in the year. Mortgage rate stability (Average 5-year fixed at 4.3%) supports affordability and bottom-line buyer power.

Inventory & Affordability

Inventory is rising across the board, improving buyer’s power and easing upward pricing pressure. Housing affordability is slowly improving, however, first-time buyers continue to face challenges breaking into the market with the cost of living remaining high, eating into savings, and making it more difficult for new buyers to save for a substantial down-payment.

Investment Potential

Investments in residential rental and townhouses continue to look promising. There is still a steady demand, leading to predictable growth moving forward. Condos are a riskier, more volatile investment. Slow sales and larger inventories suggest a buyers’ market not just in Ottawa, but across the country.

In Summary…

Ottawa’s July 2025 real estate market is stable and resilient. With steady sales, balanced supply, and manageable borrowing costs, the city offers a reliable environment for:

  • Buyers — flexibility, ample listings, and investor interest in diverse property types.
  • Sellers — need to compete via pricing and presentation to attract cautious buyers.
  • Investors — opportunities in townhouses and rentals amid persistent rental demand.

The Ottawa market is well-positioned for the remainder of 2025, pending any major economic shocks or further tariff instability.