Ottawa’s housing market is holding its ground—steady demand, moderate price growth, and plenty of homes to choose from—while other markets are seeing way more ups and downs.
That said, it’s smart to keep an eye on what’s happening across Ontario. In some places, sales are slowing, prices are dipping, and homes are sitting on the market longer.
Ottawa’s known for being a bit more stable—thanks to steady jobs and a growing population—but we’re not completely immune. Big changes in other parts of the province or country can ripple our way.
Right now, there are more homes for sale than this time last year (and compared to the 5-year average). That might be an early sign of more supply coming on the market. But here’s the flip side—the sales-to-new-listings ratio went up from 51.7% to 55.1% over the past year, showing demand is still keeping up. For buyers, this means more choice!
In the condo market—especially downtown—demand seems to be softening. But overall, Ottawa is still standing out for its resilience.
As Paul Czan, President of the Ottawa Real Estate Board, says: 💬 “Our fundamentals remain strong—steady demand, balanced inventory, and moderate price growth.”
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