Ottawa Real Estate Market Update – September 2025

As summer turned to fall, Ottawa’s real estate market continued its steady transition toward balance. September 2025 reflected the city’s trademark resilience, with home prices remaining stable and sales activity softening slightly amid higher inventory levels.

Market at a Glance

• Homes Sold: 1,089

• Average Sale Price: $690,397 (+0.3% year-over-year)

• Active Listings: 4,388 (+19.4% YoY)

• New Listings: 2,832 (+19.3% YoY)

• Months of Inventory: 4.0 (up from 3.2 in August)

While sales volume eased compared to the busy spring months, it’s important to note that this slowdown aligns with typical seasonal trends. Despite more listings coming to market, prices held steady, showing that buyer demand remains healthy—a sign of Ottawa’s underlying market strength.

Interest Rate Shift and Market Outlook

In mid-September, the Bank of Canada cut its policy rate by 25 basis points to 2.5%, signaling optimism that inflation pressures are easing. This move is expected to boost buyer confidence and encourage first-time buyers who have been waiting on the sidelines.With demand steady and borrowing conditions improving, we could see a gradual rebound in market activity heading into late fall and winter.

By Property Type

Single-Family Homes

• Average price: $850,181 (+3.4% YoY)

• Sales: 561, down 2.8% from last year

• Months of inventory: 3.9, indicating a balanced market

Detached homes are seeing mild cooling in sales but steady pricing—suggesting sellers are holding firm, supported by Ottawa’s limited new construction supply.

Townhomes

• Average price: $555,679 (-4.7% YoY)

• Sales: 343 (+32.9% YoY)

• Benchmark price: $462,800 (+7.8% YoY)

Townhouses continue to be the sweet spot of affordability in Ottawa’s housing mix. They’re driving much of the stability we’re seeing in overall prices, thanks to sustained demand from first-time and downsizing buyers.

Apartments / Condominiums

• Average price: $424,568 (-0.7% YoY)

• Sales: 164 (-19.2% YoY)

• Benchmark price: $408,200 (-1.7% YoY)

The condo segment has slowed notably as inventory builds. However, this growing selection may present a window of opportunity for investors and first-time buyers looking for more negotiating room.

Year-to-Date Perspective

So far in 2025, 11,025 homes have sold, marking a 3.9% increase compared to the same period last year. The year-to-date average price sits at $699,910, up 2.7%. With over $7.7 billion in total residential sales volume, Ottawa’s housing sector remains a major contributor to the region’s economy.

The Bottom Line

Ottawa’s real estate market in September showed stability amid transition—rising listings and balanced conditions, yet resilient demand and steady prices. The city’s fundamentals remain strong: a stable job market, growing population, and improving borrowing climate.

As we move deeper into the fall market, expect to see more motivated sellers, cautious but active buyers, and plenty of opportunities for well-prepared clients.

Thinking of buying or selling?I’m Aaron Xu, a Realtor® based in Ottawa. Fluent in English, Mandarin, Cantonese, and Teochew, I help clients navigate every step of their real estate journey with clarity and confidence.

📞 Contact me today to discuss your goals and get personalized insights for your neighbourhood.

Data Source: Ottawa Real Estate Board (OREB) – September 2025 Market UpdateDisclaimer: The above information is based on data provided by the Ottawa Real Estate Board and interpreted for informational purposes only.