In May 2025, Ottawa's housing market saw 1,807 homes sold via the MLS® System—a 33.1% jump from April and 14.9% higher than May 2024, slightly surpassing the five-year average.
Prices at a Glance
Overall benchmark price: $629,800 (+0.8% YoY)
Single-family homes: $700,000 (+0.6% YoY)
Townhouses/Row units: $446,900 (+3.4% YoY)
Apartments: $404,700 (–3.6% YoY)
Average sale price: $728,623 (+4.8% YoY)
Total sales volume: $1.316 billion (+20.4% YoY)
Note: Average price is not a precise indicator of individual property value changes.
Listings & Inventory
New listings: 3,430 (+8.7% YoY, +15.8% above 5-year avg)
Active listings: 4,347 (+13.5% YoY, +54.2% above 5-year avg)
Months of inventory: 2.4 (unchanged from May 2024)
Key Takeaway
Ottawa’s market is experiencing a healthy rebound with rising buyer confidence and stable pricing, though sellers must remain competitive as inventory climbs.