"Spring Market Surge: What Ottawa Buyers and Sellers Need to Know Now"
Thinking about buying or selling a home in Ottawa? Here’s what’s going on right now:
So far this year, home sales have been tracking pretty closely to 2024—but here’s the twist: sales in April 2025 jumped over 33% compared to last April. That’s a major spike, and it suggests our spring market just arrived a little later than usual.
It is also worth noting that the median time to sell a home was 17 days, that is from day listed to day sold firm, and that homes sold for an average of 98.8% of the asking price.
Why the delay? It has to do with April’s federal election and the uncertainty around U.S. tariffs — both had a lot of people hitting the pause button on real estate decisions.
Now that things are settling down, we’re seeing more listings hit the market, and buyers are starting to re-engage. If you’re thinking of selling, just remember—rising inventory means smart pricing and great presentation are more important than ever.
Unlike markets like Toronto or Vancouver that are showing signs of slowing, Ottawa is holding steady. Most homes are still selling close to the asking price, and the atmosphere feels a lot less frantic than in other cities.
And with the Bank of Canada holding interest rates steady, buyers are feeling more confident that now could be the right time to make a move—without worrying about missing out on a better rate down the road.
Thinking of jumping in? Let’s talk about how this market shift could work in your favour.
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