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Ottawa Real Estate Market Update – November Snapshot
Dated: December 15 2025
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📊 Ottawa Real Estate Market Update – November Snapshot
Ottawa’s housing market slowed in November as early winter weather and economic caution cooled activity. Home sales dropped below both October 2025 and November 2024 levels, while inventory continued to rise—creating a more balanced-to-slightly-buyers’ market.
🔑 Key Highlights
🏡 Sales & Prices
880 homes sold in November — down from 1,177 in October and 18.2% lower than last November.
Average sale price: $680,496, up slightly (2%) from last year.
Year-to-date prices are holding near $700K, about 3% higher than 2024.
Single-family homes remain the strongest segment, averaging $825,827, up 4–4.8% from last year.
📈 Market Conditions
Active listings hit 3,721, up 31% year-over-year, reflecting more choice for buyers.
Months of Inventory rose to 4.2, indicating softer conditions compared to last year’s tighter market.
Townhomes and condos face the most supply pressure:
Townhome prices softened, falling from October and below 2024 YTD.
Condo inventory climbed significantly while sales dropped by more than one-third.
🏙️ Apartment & Condo Segment to Watch
Ottawa is not facing the extreme condo oversupply seen in Toronto, but inventory is steadily rising. Nearly 70% of new home starts this year are multi-unit projects, signalling even more supply coming in the next few years. Realtors will be watching this segment closely through the winter.
📅 Bigger Picture – Year-to-Date
13,075 total home sales, up 1.5% from 2024.
Total value of November sales: $599M, down 16.5% year-over-year.
New listings: down from October but still 10% higher than last year.
💡 What This Means
Buyers benefit from increased choice and moderated price growth, while sellers—especially in the condo and townhome segments—should strategize carefully amid rising competition. Recent interest rate cuts may help spark renewed activity heading into the new year.
📞 Let’s chat!
I’m always happy to help you make the most of living — and loving — Ottawa. ❤️🏡
Krista McFadden REALTOR®
RE/MAX Hallmark Realty Group, Ottawa, ON
📧 krista@kristamcfadden.com
🌐 www.kristamcfadden.com
📱 instagram.com/kristasells.realestate
Krista McFadden
Krista McFadden redefines the Real Estate experience with a commitment to customer service, a client-first approach and unwavering dedication to achieving your goals. Whether you're a first-time homeb....
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