Market Overview
Ottawa’s housing market stayed steady through October, showing resilience despite broader economic uncertainty. Sales increased modestly, inventory eased, and prices continued to climb—signs of a balanced but cautious market heading into winter.
Key Highlights
Sales Activity
- 1,177 homes sold in October — up 8.1% from September, but down 1.2% year over year.
- Average sale price: $709,002, up 2.7% month over month and 5.7% year over year.
- Total sales volume: $834.5M, a 4.5% increase from last October.
Listings & Inventory
- 2,405 new listings, down 15.1% from September but 13.4% higher year over year.
- Active listings: 4,232, down 3.6% from September, still 21.3% above 2024 levels.
- Months of inventory: eased from 4.0 → 3.6, indicating slightly tighter conditions.
Year-to-Date (YTD) Snapshot
- 12,197 homes sold so far in 2025 — up 3.3% from the same period in 2024.
- Total volume: $8.55B, up 6.5% year over year.
- Average YTD price: $700,869, a 3.0% increase from last year.
MLS® Home Price Index (HPI)
- Composite benchmark: $622,700, down 0.7% from September but up 0.7% year over year.
- By property type:
- Single-family: $692,400 (+0.3%)
- Townhouse: $456,300 (+6.6%)
- Apartment: $402,900 (+0.1%)
Economic Context
- The Bank of Canada cut rates again on Oct. 29, lowering the policy rate to 2.25%.
- This may boost confidence heading into spring, though further rate cuts are unlikely soon.
- Ottawa Real Estate Board continues to watch for federal budget and workforce changes that could impact local demand.
Takeaway
Ottawa’s market remains balanced, stable, and steady—with modest growth, firm prices, and improving buyer sentiment as the year winds down.
If you’d like a custom neighbourhood-level snapshot or insights specific to your property or goals — reach out today. I’m ready to provide you with clarity, strategy, and a steady hand through these shifting conditions.
Diana Power
Broker
Mobile: 613.263.2167
diana.power@distinctiveadvisors.com
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