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March 2025 Resale Market Update

So, the Ottawa housing market in March 2025? Pretty steady overall. Sales were a bit lower compared to last year, but things are picking up month by month now that spring’s rolling in.

Both buyers and sellers are still a little cautious—which makes sense with the economy being a bit unpredictable and an election on the horizon. But the good news? Lower interest rates are pulling more people back into the market. People are starting to make moves again.

Looking ahead though, there are still some concerns around trade and tariffs, especially when it comes to new construction. That could make the housing supply issue even trickier.

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