Every month we take a closer look and drill down the sales data of Ottawa condos from the previous month. Here are the statistics for July 2025 in the top five "downtown" areas - Centretown, Byward Market and Sandy Hill, Little Italy (which includes Lebreton Flats), Hintonburg, and Westboro. The information will be specific to apartment-style condominiums, and only what is sold through the MLS. Also important to note that DOM (Day's On Market) is calculated to include the conditional period, which in Ottawa is roughly 14 days for almost every single transaction.
Signs of Growth Amid Ottawa’s Steady Housing Market
Ottawa’s housing market is demonstrating resilience in 2025, with steady demand, moderate price growth, and a healthy supply of homes, all amidst a backdrop of shifting provincial markets. While other regions in Ontario are seeing signs of slowdown—marked by declining sales, price corrections, and rising inventory levels—Ottawa’s market remains relatively stable, though not completely immune to broader trends.
Historically, Ottawa’s market has been insulated from extreme fluctuations due to its stable employment base and consistent population growth. However, as we continue to watch the housing market across Ontario, it’s clear that changes elsewhere can eventually affect the capital’s market over time.
Current Market Activity and Indicators
The rise in active listings, both year-over-year and compared to the five-year average, signals a potential shift in supply pressures. This trend gives buyers more choices, but it’s also an important signal to keep an eye on in the coming months. The sales-to-new-listings ratio has increased from 51.7% to 55.1% compared to a year ago, suggesting that while supply is on the rise, demand is keeping up.
As of July 2025, the Ottawa Real Estate Board (OREB) recorded 1,318 homes sold, which represents a slight dip from June but marks a 4.9% increase over July 2024. So far this year, Ottawa has seen 8,704 home sales, a 3.1% increase over 2024. The total value of homes sold in July reached approximately $920 million, a 7.2% increase year-over-year, contributing positively to Ottawa’s economy.
The average sale price for all homes in July was $695,209, marking a 2.2% increase from last year. On a year-to-date basis, the average price has risen 3%, reaching $702,840. While we’re seeing moderate price growth overall, certain property types are seeing bigger increases.
Price Trends by Property Type
The MLS® Home Price Index (HPI) composite benchmark price for Ottawa in July was $633,100, a modest 1.9% increase compared to the same period last year. Breaking down the numbers by property type, we see notable differences in price growth:
Single-family homes: $704,800, a 2% increase year-over-year.
Townhouses: $468,000, a significant 8.3% jump.
Apartments: $411,900, down 1.6%.
The townhouse market has experienced the most significant growth, reflecting buyer interest in these types of properties, while the condo segment—particularly in the downtown core—has softened, showing a slight dip in price.
Increased Inventory and Market Balance
The Ottawa market saw a notable increase in new listings in July, with 2,549 new residential listings added, an 11.7% increase compared to 2024. Active listings are up 14% from last year, and 23.6% above the five-year average, signaling that buyers have more options to choose from.
The months of inventory, which is a key measure of supply, rose slightly to 3.2 months, up from 2.9 months last year. This indicates that the market is nearing a balanced state, which is typically a good sign for both buyers and sellers.
The Future of Ottawa’s Housing Market
While Ottawa’s market remains stable and resilient, it’s important to continue monitoring any changes that may come from broader provincial or national economic trends. With rising listings, an increase in demand for townhouses, and steady price growth overall, Ottawa’s housing market continues to stand out for its stability and growth potential. Whether you’re buying or selling, the market’s current trends suggest a healthy environment for both sides.
As we move further into 2025, buyers will benefit from a wider range of inventory options, while sellers will need to stay mindful of the increased competition in the market. With balanced inventory, steady demand, and moderate price growth, Ottawa remains a strong contender for real estate investment, and the outlook for the rest of the year is positive.
Important to note is that these statistics can only be as accurate as there are condos sold in Ottawa. The more condos sold in an area, the more accurate the averages will be.
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