Average House Price in Ottawa

The average house price in Ottawa is $627,200

Housing Market in Ottawa – September 2025

In September 2025, Ottawa’s housing market shifted toward a buyer’s paradise amid surging inventory and softening sales, with the Ottawa Real Estate Board reporting 1,089 residential sales—a 2.4% increase year-over-year but a notable 11.9% drop from August’s 1,236 transactions—while a record-breaking 2,832 new listings flooded the market, up 19.3% annually and elevating active inventory to 4,388 units, or 4 months of supply, the highest September on record. 

The sales-to-new-listings ratio plummeted to 38%, firmly entrenching buyer-friendly conditions, as the average home price held steady around $627,200 to $690,397 with modest year-over-year gains of 0.6% to 1.1%, though condo prices dipped 1.0% to $426,990 and freehold homes edged down 0.6% to $780,187. 

Bolstered by the Bank of Canada’s 25-basis-point rate cut to 2.5% on September 17, which eased borrowing costs and affordability pressures, the market demonstrated resilience—total sales value reached $751 million, up 2.8% annually—yet persistent economic uncertainties and a lack of “missing middle” housing like townhomes tempered broader optimism, positioning Ottawa as more affordable than Toronto or Vancouver while underscoring calls for accelerated development.

Housing Market in Ottawa – July 2025

In July 2025, Ottawa’s housing market maintained steady growth, with 1,318 homes sold through the Ottawa Real Estate Board’s MLS® System, a 4.9% increase from July 2024, though down from June’s 1,602 sales due to seasonal trends. The average home sale price rose 2.2% year-over-year to $695,209, with single-family homes at $704,800 (up 2%) and townhouses at $468,000 (up 8.3%), while condo prices dipped 1.6% to $411,900. New listings surged 11.7% to 2,549, and active listings increased 14% to 4,205, resulting in a balanced market with 3.2 months of inventory. This resilience, driven by stable mortgage rates and increased supply, offers buyers more choices and sellers opportunities, particularly for well-priced single-family homes and townhouses, though condos face softer demand, especially downtown.

Housing Market in Ottawa – June 2025

In June 2025, Ottawa’s housing market experienced a robust surge, marking its busiest June in recent years, with home sales rising 10.6% year-over-year to 1,602 units and new listings increasing by 13.8% to 2,933, according to the Ottawa Real Estate Board. The average home price climbed 5% to over $723,000, with the MLS® Home Price Index composite benchmark at $634,300, up 1.6% from June 2024, driven by strong townhouse price growth (9% to $467,900) and single-family homes (1.6% to $707,600), though apartment prices dipped slightly by 0.6% to $411,500. A balanced market persisted with a sales-to-new-listings ratio of 53% and 2.7 months of inventory, bolstered by a 11.6% rise in active listings to 4,350 units, offering buyers more choice. Despite economic uncertainties from U.S. trade tariffs and a recent federal election, lower mortgage rates at 3.94% for a 5-year fixed and anticipated further cuts fueled buyer confidence, particularly for first-time buyers and investors, setting the stage for a strong summer and fall market.

Housing Market in Ottawa – May 2025

In May 2025, Ottawa’s housing market remained balanced, characterized by modest price growth and steady activity. The average home price rose 3.7% month-over-month, reaching approximately $733,000, with single-family homes averaging $868,000 (up 1.4% year-over-year), townhouses at $578,000 (up 4.4%), and condominiums at $469,479 (down 0.2%). Sales totaled around 1,306 units, down 11.2% from April 2024, while new listings increased to 2,589, up 16.6% month-over-month but down 0.3% year-over-year. A sales-to-new-listings ratio of 50% indicated a balanced market, supported by a robust public sector job market and lower mortgage rates (3.94% for a 5-year fixed). Economic uncertainty due to U.S. trade tariffs and an upcoming election tempered buyer confidence, but increased inventory (3.7 months) and anticipated rate cuts suggested opportunities for both buyers and sellers.

Housing Market in Ottawa – April 2025

In April 2025, Ottawa’s housing market showed signs of stability with modest price growth. The average home sale price was approximately $707,180, reflecting a 0.4% increase compared to April 2024, while the median home price reached $653,500, up 1% year-over-year. Single-family homes had an average sold price of $868,397, a 1.4% rise, and townhouses averaged $577,889, up 4%. Condo benchmark prices edged up slightly by 0.1% month-to-month to $401,300. Despite a 15.1% drop in residential property sales compared to the previous year, inventory levels rose to 4.1 months, indicating a balanced market where correctly priced homes were more likely to sell.

Housing Market in Ottawa – March 2025

Ottawa’s housing market in March 2025 is a balanced market. The benchmark price rose 4.4% to $658,300, and luxury sales over $500,000 increased 51.5% year-to-date. Sales activity is steady, with a 10% month-over-month rebound in January, but inventory levels are high, contributing to buyer leverage. Rental prices for shared accommodations rose 7% to $1,018, bucking the national trend of declining rents. Affordability improved slightly in Q4 2024, but trade uncertainties could dampen future demand.

In September 2025, Ottawa home prices up by 1.1% compared to the same month a year ago.

House prices in Ottawa 2020-2022

House prices in Ottawa 2017-2019

Home prices depend on the size, location, amenities, the age and condition of the apartment, townhouse or house.

Decide if homeownership is right for you. Here are some recommendations from the Canada Mortgage and Housing Corporation to buying your first home:

• Check if you are financially ready to own a home
• Analyze your situation and mortgage possibilities
• Find the right home
• Make and offer and close the deal