The Ottawa real estate market is off to an active start in 2025, with key trends emerging for both buyers and sellers. If you’re considering making a move, here’s what you need to know.
Top 3 Things Buyers Should Know:
- More Inventory, More Choices
- Active listings are up 57.3% from January 2024, providing buyers with more selection.
- Months of inventory increased to 5.4, signaling a shift toward a balanced market.
- Prices Are Trending Up
- The MLS HPI composite benchmark price rose 5.2% YoY, reflecting a steady increase.
- Single-family homes saw a 2.3% price rise, while apartments climbed 4.5%.
- Interest Rates Are Declining
- With the Bank of Canada reducing rates and more cuts expected, mortgage affordability is improving, bringing more buyers into the market.
Top 3 Things Sellers Should Know:
- Market Activity is Increasing
- While sales dipped 4.2% YoY, demand is growing as buyers return to the market.
- More Listings Are Coming
- New listings are up 3.0% YoY, and with many mortgage renewals set for 2025-2026, more sellers will enter the market. Listing now can help you stay ahead of the competition.
- Strategic Pricing Matters
- Townhouse benchmark prices fell 3.9%, while other home types saw increases. Competitive pricing and strong home presentation are essential for attracting buyers.
Key Market Trends:
- Balanced Market Conditions: The rise in inventory is creating a more level field for buyers and sellers.
- Steady Price Growth: Home prices are increasing, but affordability remains a challenge, particularly for townhouses.
- Buyer Confidence is Returning: As mortgage rates decline, expect more buyers to enter the market in the coming months.
📩 Thinking about buying or selling? Let’s connect and discuss your options in today’s market!
