?Ottawa Real Estate Market Update – June 2025

As we transition into the summer months, Ottawa's housing market exhibits signs of stability, with modest price increases and a balanced supply-demand dynamic.

 Home Prices & Sales Activity

In April 2025, the average home price in Ottawa reached $707,180, marking a 3.1% increase from March and a slight 0.3% rise year-over-year. 

• Single-family homes: Average price of $868,397, up 1.4% annually.

• Townhouses: Average price of $577,889, a 4.4% year-over-year increase.

• Apartments: Average price of $436,518, down 1.8% compared to April 2024.=

Sales activity totaled 1,306 transactions in April, an 18.4% increase from March but a 10.3% decrease year-over-year.

Market Balance & Inventory

The market remains balanced, with a sales-to-new listings ratio (SNLR) of 50%.  Active listings at the end of April stood at 3,834 units, a 21.4% increase from the previous year, indicating more options for buyers.

 Mortgage Rates & Buyer Sentiment

As of early June, the lowest available 5-year fixed mortgage rate in Ottawa is 3.94%.  While higher than pandemic-era lows, this rate remains attractive to many buyers. However, some potential buyers are adopting a cautious approach, awaiting further rate reductions or clarity on economic conditions.

 
Outlook for 2025

Projections indicate that Ottawa's housing market will continue to experience modest growth throughout 2025. The aggregate price of a home is expected to increase by 4% year-over-year by Q4, reaching approximately $803,712. Single-family homes may see a 5% rise to $935,340, while condos could appreciate by 3% to $407,365. 

For those considering entering the Ottawa real estate market, the current balanced conditions and stable pricing present a favourable environment. As always, it's advisable to consult with a local real estate professional to navigate the market effectively. Here at the Walker Real Estate Group, we look forward to helping our customers navigate the market and provide the best service possible. Contact us today for more information.