market updates - MARCH 2025
Average Sale Price Residential: $685,866 same as March 2024
Average Sale Price Condo: $426,413 down -2.9% over March 2024
Total Residential Homes Sold: 1,103 down -6.2% from March 2024
Total Condo Sales: 177 down -25.9% from March 2024
"The Ottawa housing market in March 2025 remained relatively stable, with sales activity slightly lower than the same period last year," said OREB President Paul Czan. "However, we’re seeing continued momentum month-over-month as the spring market gains traction. Both buyers and sellers are exercising some caution—likely due to economic uncertainty and the upcoming election—but the current lower interest rates are encouraging more activity as they step off the sidelines."
"Looking ahead, the ongoing trade and tariff concerns could affect new construction and further exacerbate supply challenges,” Czan adds. “So, it’s critical that the City of Ottawa continues collaborating with key stakeholders. We were pleased to take part in discussions around the proposed New Zoning By-Law, which prioritizes housing options and opportunities to maximize options for Ottawa’s residents.”
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