Overview
As of June 2025, Ottawa’s real estate market is demonstrating signs of stabilization and moderate growth, following the turbulence of the past few years. With interest rates holding steady and a gradual increase in housing supply, both buyers and sellers are finding more balanced conditions. Here’s an overview of the current landscape.
Market Snapshot: Prices and Activity
In May 2025, the average home price in Ottawa was approximately $707,180, marking a 3.1% increase from May 2024. The market experienced a surge in activity, with 1,306 homes sold in May, an 18.4% increase compared to the same month in 2024. Active listings reached 3,834 units, up 16.4% year-over-year, indicating a growing supply.
Buyer Trends: Shifting Preferences
Areas like Kanata, Barrhaven, and Orléans are seeing increased demand as buyers seek more space and affordability, influenced by the normalization of remote and hybrid work arrangements. Urban condominiums in neighborhoods such as Centretown, the Glebe, and Hintonburg continue to attract buyers, especially among professionals valuing walkability and proximity to amenities.
Outlook for the Remainder of 2025
Looking ahead, the Ottawa real estate market is expected to maintain its current trajectory. With the Bank of Canada maintaining rates between 4% and 5%, borrowing costs remain manageable, supporting continued buyer activity. While affordability remains a concern, especially for first-time buyers, the situation is improving compared to the previous two years. Investors may find opportunities in both the residential and rental markets, as demand persists and supply gradually increases.
Final Thoughts
Ottawa’s real estate market in June 2025 reflects a period of adjustment and growth. Buyers and sellers alike are navigating a more predictable environment, characterized by stable interest rates and a gradual increase in housing supply. Whether you’re considering purchasing a home, investing in property, or exploring rental options, the current market offers opportunities for informed decision-making.
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