Ottawa sees increase in home sales in 2025

A new home is shown for sale in a housing development in Ottawa on Tuesday, July 14, 2020. The Canadian Real Estate Association expects the average price of a home to end the year 4.8 per cent lower than 2022, but says prices will rise by roughly the same amount in 2024. THE CANADIAN PRESS/Sean Kilpatrick

Home sales increased in Ottawa in 2025, despite a “quiet finish in November and December,” according to the Ottawa Real Estate Board.

Statistics show 13,449 homes and condominiums were sold in Ottawa last year, up from 13,276 homes and condos sold in 2024 and 11,978 properties sold in 2023.

“Even with a quieter finish to the year, Ottawa’s housing market showed real stability in 2025,” Tami Eades, president of the Ottawa Real Estate Board, said in a statement.

“Sales and dollar volume both surpassed 2024 levels despite more moderate conditions through the fall. That balance points to a market driven by fundamentals, not pressure.”

More than $9.4 billion in transitions were completed in Ottawa’s real estate market in 2025, up four per cent from 2024 and 18 per cent from 2023.

In December, 587 homes were sold in Ottawa, down 6.2 per cent from December 2024. The sales included 271 homes and 217 townhouses, along with 78 condos.

“Ottawa continues to show resilience compared with the price corrections seen in some larger Canadian markets,” the Ottawa Real Estate Board said.

“December data suggests a market that is holding steady, offering buyers more choice while maintaining generally steady conditions. That said, market performance continues to vary meaningfully by property type, with the condo segment remaining the softest area of the market.”

The real estate website Redfin says a home sold for $4.3 million in December. The home is located on Clemow Avenue.

According to the Ottawa Real Estate Board, the average price for a home was $658,943 in December, unchanged from December 2024.

There were 2,544 new listings on the market in December.

There were 880 homes sold in November, down 18.2 per cent from November 2024. The average sale price in November was $680,496.