Average House Price in Ottawa
The average house price in Ottawa is $629,800
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 May 2025, Ottawa home prices up by 0.8% compared to the same month a year ago.
| Average House Price in Ottawa | |||
| 2023 | 2024 | 2025 | |
| January | $602,500* | $617,600* | $649,900 |
| February | $611,200* | $673,890* | $683,811 |
| March | $619,900* | $612,700* | $626,200 |
| April | $633,300* | $624,100* | $631,200 |
| May | $643,400* | $624,900* | $629,800 |
| June | $650,800* | $647,700 | |
| July | $648,200* | $648,900 | |
| August | $647,700* | $646,000 | |
| September | $641,600* | $642,800 | |
| October | $636,700* | $639,500 | |
| November | $627,000* | $636,700 | |
| December | $622,000* | $645,800 | |
| Source: CREA | |||
| *Updated | |||
House prices in Ottawa 2020-2022
| Average House Price in Ottawa | |||
| 2020 | 2021 | 2022 | |
| January | $453,900* | $594,800* | $676,100* |
| February | $463,500* | $630,000* | $712,100* |
| March | $473,900* | $657,700* | $728,200* |
| April | $479,800* | $664,800* | $724,300* |
| May | $486,300 | $649,400* | $709,100* |
| June | $525,000* | $642,700* | $691,900* |
| July | $535,800* | $632,600* | $671,300* |
| August | $551,300* | $625,000* | $647,000* |
| September | $550,300* | $620,700* | $640,500* |
| October | $552,600* | $625,600* | $627,300* |
| November | $558,700* | $630,200* | $620,200* |
| December | $569,700* | $640,100* | $607,600* |
| Source: CREA | |||
| *Updated | |||
House prices in Ottawa 2017-2019
| Average House Price in Ottawa | |||
| 2017 | 2018 | 2019 | |
| January | $345,400* | $370,000* | $398,800* |
| February | $346,600* | $373,100* | $400,800 |
| March | $349,900* | $376,700* | $408,300* |
| April | $352,600* | $381,900* | $414,900* |
| May | $357,100* | $389,100* | $420,400* |
| June | $361,000* | $391,800* | $424,500* |
| July | $363,900* | $393,400* | $428,100* |
| August | $365,000* | $394,500* | $431,700* |
| September | $367,300* | $395,700* | $434,400* |
| October | $369,100* | $396,600* | $438,100* |
| November | $369,300* | $393,100* | $441,700* |
| December | $369,300* | $397,500* | $446,200* |
| Source: CREA | |||
| *Updated | |||
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
