Something to take into account: when you see headlines about “The Canadian Real Estate Market”—even from reputable sources—take a closer look. The data may not reflect what’s happening in your specific market or home type.
I recently came across an article with the headline: “Home Sales at Crisis Levels in Sagging Market!” While that may be true for certain cities or property segments, it doesn’t tell the full story. In fact, the Ottawa market tells a different tale. June home sales—excluding condo apartments—were up compared to June 2024, and new listings were also on the rise.
It looks like June 2025 was busier than June 2024. Home sales were 10.6% higher compared to June 2024, and new listings increased by nearly 14% compared to June 2024. According to OREB President Paul Czan, this confirms that our spring market may have arrived a little late—but it certainly showed up strong.
More homes hitting the market means more choice for buyers, which is great news. Sellers, however, will need to be strategic: price thoughtfully and prepare your home to shine if you want to stand out.
One segment that’s still feeling the pressure is apartments. Condo sales were down about 20% compared to June 2024.
Still, Ottawa remains a stable, resilient market. We’re seeing a return to more traditional seasonal activity. With families aiming to move before the school year and students coming back to the city, a stronger fall.
Have you got any questions? Reach out for a casual, no-obligation chat—I'm happy to help you make sense of it all!
Comments:
Post Your Comment: