February 7, 2025
Ottawa’s Market Warms Up with More Listings and Cautious Buyers

The number of homes sold through the MLS® System of the Ottawa Real Estate Board (OREB) totalled 617 units in January 2025. This was a 4.2% decrease from January 2024.

Home sales were 13% below the five-year average and 9.6% below the 10-year average for January.

“Ottawa’s market is seeing increased activity as more listings hit the market and buyers start re-engaging,” says OREB President Paul Czan. “Many buyers and sellers had been waiting for more conducive market conditions, but with the recent rate cut and potentially lower interest rates on the horizon, optimism is growing. While there’s more supply, the availability of suitable properties in various market segments remains tight. This is reflected in some homes selling quickly while others linger on the market. Sellers should be prepared to price competitively and present their homes in the best light to capture buyer interest in this evolving market.”

“The recent Bank of Canada rate cut, the introduction of U.S. tariffs, along with upcoming provincial and federal elections, introduce factors of variability,” adds Czan. “That said, confidence is growing, and more buyers are expected to return to the market in the coming months, leading to an increase in transactions

Whether you’re buying, selling, or simply exploring your options, navigating Ottawa’s real estate market with confidence requires expertise and insight. As a seasoned professional with deep knowledge of the Ottawa market, I’m here to guide you every step of the way. Let’s turn today’s trends into tomorrow’s success.