April 2025 Stats
Momentum Grows in Ottawa’s Housing Market as Certainty Improves
Ottawa’s housing market gained traction in April, with 1,306 homes sold through the MLS® System of the Ottawa Real Estate Board (OREB). This marked an 18.4% increase from March 2025, although it represented an 11.2% decline compared to April 2024.
Sales activity in April remained 17.6% below the five-year average and 16.2% below the 10-year average for the month.
“Although sales were down year-over-year, the solid month-over-month growth signals encouraging momentum heading into the spring market,” said OREB President Paul Czan. “Inventory levels remain higher than in recent years, suggesting the market is gradually moving toward a more balanced state.”
Czan added, “Greater certainty following the federal election is helping restore buyer confidence. That said, many are still proceeding with caution—taking time, adding conditions to offers, and being more selective. Sellers are adjusting to longer selling timelines, which makes proper pricing and home preparation more critical than ever. Well-priced and well-presented homes are selling—some even attracting multiple offers. Moving forward, we’ll be watching how the federal government’s recent housing pledges translate into real progress. Commitments to boost supply, improve affordability, and support first-time buyers are promising steps for Ottawa’s market.”
Market Snapshot – Home Prices
The overall MLS® HPI composite benchmark price reached $631,200 in April 2025, up 1.1% from April 2024.
Single-family homes posted a benchmark price of $703,200, a 1.0% year-over-year increase.
Townhouses/row units saw a 4.4% rise, with a benchmark price of $440,000.
Apartments registered a benchmark price of $404,000, down 2.8% from last year.
The average sale price across all home types was $707,180, a modest 0.4% increase from April 2024.
Total dollar volume of home sales amounted to $923.5 million—down 10.8% year-over-year.
OREB reminds buyers and sellers that while average prices can indicate broader trends, they should not be used to assess the value of individual properties, as prices can vary significantly between neighbourhoods.
Market Snapshot – Listings & Inventory
New listings totaled 2,589 in April 2025, down 3.8% from a year ago. However, they were 2.8% above the five-year average and 5.6% higher than the 10-year average for April.
Active residential listings surged to 4,878 by the end of April—up 54.2% from April 2024. This figure stands 86.9% above the five-year average and 51.3% above the 10-year average.
Months of inventory rose to 3.7, compared to 2.2 in April 2024, indicating it would take nearly four months to exhaust current inventory at the present pace of sales.
