The October 2025 Ottawa Real Estate Market Update

The latest statistics are now out from the Ottawa Real Estate Board and it shows the Ottawa Real Estate market slowing down as usual during the fall.

As with last month, many headlines are focused on Toronto – where prices this month are down an average of 4.7%  and inventory is up 18.9% from last year.

But thankfully the Ottawa market has a very different dynamic and is holding quite steady despite the problems elsewhere in the province.

In September, as with the whole summer, prices have been mixed, with apartment condos falling slightly while townhouses and single family rise.

• The Benchmark price for single-family homes was $697,200, up 1.0% year over year in September.
• The Benchmark price for a townhouse was up 7.8% from last year to $462,800.
• The benchmark apartment price was $408,200, down 1.7% from last year.

On the other hand, inventory remains moderately high:

• Active listings totalled 4,388, in September, which is 19.3% above last year.
• Months of inventory was 4.0 in September, up from 3.2 last month. 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 we go further into the fall, Ottawa continues to have a pretty balanced market, no doubt thanks to the more stable economy of the city created by less speculation and more stable government jobs and funding in the region.

As we go deeper into the fall market, I expect well priced and marketed properties to sell quickly, while marginal properties have a difficult time moving. If you are looking to buy this could be a great opportunity to get your hands on a fixer upper or a great home at a reasonable price, and if you are looking to sell, my recommendation is to position it strongly so you can get a quick sale and not let it sit on the market. 

Best,

Chris Hendricks,
REALTOR®, Real Estate Broker
Royal LePage Integrity Realty Brokerage
C: 613-614-3376

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