The June 2025 Ottawa Real Estate Update

Last month’s statistics are now out from the Ottawa Real Estate Board and the past month has been pretty hot, but it is hot enough to turn this market into a seller’s market? Let’s see.

Here’s what the OREB statistics show for May 2025:

First, prices are mixed, with apartment Condos falling while townhouses rise and  Single Family is pretty flat.

• The Benchmark price for single-family homes was $700,000, up 0.6% year over year in May.
• The Benchmark price for a townhouse was up 4.4%  from last year to $446,900, an increase of 3.4% from 2024.
• The benchmark apartment price was $404,700, down 3.6% from last year.

On the other hand, inventory remains significantly elevated:

• Active listings totalled 4,347 in May, up 13.4% from 2024.
• Months of inventory was 2.4 in May, unchanged from last year. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales.

As the spring market ends, we are still in what would be called a “moderate buyers market” where inventory is slightly elevated and properties that are not marketed properly have difficulty moving.

Now that we are moving into the slow summer season, the families all have their homes for September, and the other buyers are taking the summer off. This slow season i’s a great time for buyers to get a good deal on a house that missed out on the spring rush.

If you are looking to buy a house this summer, did you know that not all properties that are available to buy are listed online? As a Real Estate Broker, I have access to deals and real estate information that is often unavailable to the public, including off-market properties and hard to find real estate deals that often go for less than asking – especially in a market like today’s. Just click here and submit your contact info to get access to my database.