Ottawa home sales spike in September

Real estate watchers say the Bank of Canada's decision to hold its key policy rate steady at 2.75 per cent will likely keep a sluggish housing market at the status quo. A new home is shown for sale in a housing development in Ottawa on Tuesday, July 14, 2020. THE CANADIAN PRESS/Sean Kilpatrick

Ottawa’s real estate market heated up at the end of summer, with home sales and prices increasing in September.

The Ottawa Real Estate Board says 1,089 homes were sold in Ottawa in September, up from 1,047 homes and condominiums sold in September 2024. There were 1,236 homes sold in August and 1,318 properties sold in July.

The average sale price for homes was $690,397 in September, up from $685,551 in September 2024.

“September reinforced Ottawa’s resilience, with sales nearly 2.4 per cent higher than last year, and prices are holding steady despite more listings coming to market,” Paul Czan, OREB President, said in a statement.

“When you peel back the layers, you see that townhomes are driving stability while single-family homes are easing. And while Ottawa’s diversity of housing continues to increase inventory, missing middle housing—like townhomes—still aren’t being built fast enough, and that’s something OREB continues to advocate for.”

The real estate board says the number of active listings on the market increased to 4,388 in September from 3,971 in August and 4,025 listings in July.

According to Redfin, the most expensive home sold in Ottawa was $3.265 million. It was a five-bedroom, five-bathroom home on Carrison Drive in Manotick. A home sold for $3 million in Gloucester and $2.999 million on Kenora Street.

Home sales up in 2025

There have been 11,025 homes sold in Ottawa so far this year, an increase of 3.9 per cent from the first nine months of 2024.

The average year-to-date price is $699,910, a 2.7 per cent increase over the first nine months of 2024, according to the OREB.