August 2025 – Ottawa Real Estate Market Overview
As of August 2025, Ottawa’s housing market continues to exhibit steadiness and resilience, with moderate price growth and an expanding supply that’s providing a balanced environment for buyers and sellers alike.
Market Snapshot (July–August 2025)
Prices
- Average sale price (all listings): $686,536
- Year-to-date average price: $700,828
- Single-family homes: $700,100
- Townhouses: $466,200
- Apartments: $412,300
Sales & Inventory
- Sales volume: 1,236 homes sold in August, a 12.1% increase from August 2024
- Year-to-date sales: 8,704 units sold so far in 2025, 3.1% higher than the same period in 2024
- New listings: 2,121 added in August
- Active listings: 3,971 at the end of August
Buyer & Seller Trends
Inventory is rising both year-over-year and relative to the 5-year average, signaling increasing supply pressure. Despite some cooling in the condo market, particularly downtown, overall market demand remains strong.
As Paul Czan, President of the Ottawa Real Estate Board, noted: “While we’ve seen demand may be softening in the condo market, especially in the downtown core, as a whole, Ottawa’s real estate market continues to stand out for its resilience and stability.”
Outlook Through 3rd & 4th Quarter 2025
Interest Rates & Mortgage Climate
Borrowing costs remain steady. This continued stability suggests mortgage affordability continues to support buyer confidence.
Inventory & Affordability
Rising inventory improves buyer choice and helps temper upward pricing pressure, reinforcing the balanced-market dynamic.
While affordability is gradually improving, first-time buyers may still face challenges in accumulating down payments amidst elevated living costs.
Investment Potential
Home types like townhouses and single-family properties continue to offer solid prospects, given steady demand and rising prices.
Condos, particularly in urban cores, may remain riskier due to slower sales and higher inventories.
In Summary…
Ottawa’s August 2025 real estate market remains stable and resilient, with balanced supply, moderate price growth, and healthy sales activity.
- Buyers benefit from broader choice and competitive but steady pricing.
- Sellers must remain strategic focusing on pricing and presentation to stand out.
- Investors may find promising opportunities in townhouses and rentals, while condos warrant caution.
The fundamentals are strong heading into the remainder of the year.
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