Ottawa’s market cooled in November ❄️ as demand eased and rising inventory gave buyers more options.
📉 Sales
880 homes sold (⬇️ from 1,177 in October)
18.2% ⬇️ fewer sold vs Nov 2024
2025 YTD sales: 13,075 (⬆️ 1.5% from last year)
💰📈 Prices Holding Steady
Average price: $680,496 (⬆️ 2% YoY)
YTD average: $699,635 (⬆️ 3%)
Single-family homes: $825,827 (⬆️ 4.8% YoY)
📦📊 More Inventory = More Choices
Active listings: 3,721 (⬆️ 31% from 2024)
Months of Inventory (MOI)
🏠 Single-family: 4.0
🏘️ Townhome: 3.1
🏢 Condo/Apartment: 7.3
🧭💡 What This Means for Buyers & Sellers
👥 Buyers
✔ More selection
✔ Better negotiating power
✔ Good window before spring demand returns
🏷️ Sellers
✔ Single-family remains strong
✔ Townhomes + condos need strategic pricing
✔ Marketing matters more in a high-inventory market
⭐📌 Bottom Line
Ottawa remains a balanced market, but rising supply is creating softer conditions—especially for condos. With rate cuts slowly improving affordability, early 2026 is positioned for a steadier and more active start.
Thinking of buying or selling? Contact me today for a strategy that fits this market.
Jai Patel
REALTOR®
📞 613-404-8706