The condo market in Ottawa continues to see a trend of declining sales, based on new figures from the Ottawa Real Estate Board (OREB). Overall home sales in Ottawa were up 0.2 per cent year-over-year in July, the OREB says, but while single-family homes saw a 5 per cent jump in sales activity, condos were down 6.6 per cent year-over-year. “The condominium apartment market continued a yearlong trend of having the softest conditions, particularly in downtown Ottawa,” the OREB said in a news release. “Apartments recorded 5.4 months of inventory, a 41 per cent sales-to-new-listings ratio and a median of 41 days on market. The apartment benchmark price was down 5.2 per cent year-over-year.” The median apartment price in July was $370,000. There were 169 apartment sales last month and 412 new listings. The OREB reported 714 single-family home sales in July, with a median price of $760,250, which was down 2.5 per cent compared to July 2025. Townhouse sales declined 4.4 per cent year-over-year, with 417 sales in July. The median price of $540,000 is down 5.3 per cent from last year. OREB president Tami Eades said July’s results suggest the overall market is steady as it moves through the slower summer period. “Sales remained close to last year’s level, while fewer new listings helped improve the balance between supply and demand. However, conditions continue to vary significantly by property type and neighbourhood, reinforcing the importance of local data and informed guidance when making real estate decisions,” Eades said. Year-to-date, the OREB says 8,288 homes have sold in Ottawa, down 5.2 per cent from the same period in 2025. Total year-to-date dollar volume was approximately $5.8 billion, down 5.6 per cent year-over-year.
