Ottawa Market Report - July 2025
Ottawa Real Estate Market Update – July 2025
Sales Activity
Total Residential Sales: 1,161 units (⬆️ 4.3% YoY)
Freehold Sales: 857 units (⬆️ 9.0%)
Condo Sales: 304 units (⬇️ 7.0%)
Average Prices
Overall Average Price: $714,302 (⬆️ 4.9% YoY)
Freehold Homes: $816,673 (⬆️ 4.9%)
Condos: $425,709 (⬇️ 4.6%)
Time to Sell (Days on Market)
Freeholds: 24 days (vs. 22 days last year)
Condos: 39 days (vs. 30 days last year)
Inventory & Market Conditions
Active Listings: 2,859 properties
Months of Inventory: 2.46 months (approx. 9.9 weeks)
Buyer activity remains strong in the freehold segment, with sales up 9% and prices rising 4.9% year-over-year. Condos saw a slowdown, with sales down 7% and a 4.6% dip in average price. The overall market remains a quite stable, with just 2.46 months of inventory available.
For Sellers
Inventory is climbing, and while some areas remain competitive, others offer buyers more choice. Presentation matters—homes that show well are still moving quickly. Simple updates like fresh paint, staging, and small repairs can make a big difference.
For Buyers
It’s a good time to be strategic.
Get pre-approved early, even if you’re 6–12 months out
Know your priorities—area, layout, commute, lifestyle
Start searching 3–5 months out and be flexible. Most buyers find success with homes that meet 80% of their needs
Have questions about what these trends mean for you? Let’s connect—every situation is different, and a tailored approach works best.
Feel free to read my Google reviews to hear what past clients have experienced.
Housing Affordability Sees Meaningful Improvement
RBC reports that homeownership is now the most affordable it’s been in three years. In Q1 2025, the share of income needed to cover housing costs dropped to 55.1%, down from 60.7% a year earlier. Lower interest rates, slight price adjustments, and steady income growth are driving the improvement.
Affordability gains were strongest in major markets like Toronto and Vancouver, though these cities remain the least affordable overall. Mid-sized cities such as Ottawa, Calgary, and Edmonton also saw encouraging progress. Condos, in particular, have become more attainable—especially in markets like Toronto, Regina, and Saskatoon—where affordability has returned close to pre-pandemic levels. While conditions are improving, affordability still remains well below where it stood before 2020.
I've been doing lot's of calculations with people looking to purchase and comparing what it would look like in their financial picture.
To read the full article: https://www.rbc.com/en/thought-leadership/economics/canadianhousing/housing-affordability/owning-a-home-in-canada-is-the-most-affordable-its-been-in-three-years/
Mortgage talk
Construction mortgages are a fantastic option for those who want full control over design, layout, and materials—but they’re very different from traditional mortgages and can be overwhelming without the right support.
Here’s what sets construction mortgages apart:
Rates are higher than a traditional mortgage & the lender often has a fee that is a % of the loan amount.
Funds are advanced in stages (draws) as the home progresses
Typically, a 1-year term that we then convert into a traditional mortgage after completion
Requires larger down payments or cash positions to get started (20–35%)
Lenders require detailed plans/costs
Builder’s risk insurance and legal holdbacks are mandatory
Our team specializes in construction financing and works closely with both banks and alternative lenders to find the right fit for each client’s needs. We’ll walk your buyers through the process and ensure there are no surprises along the way.
If you're working with anyone considering building their dream home, feel free to connect us—we’re here to help.
Have a great weekend!
Any rate changes have been highlighted below.
Some of the top rates that we are seeing today are:
Fixed
5-Year Fixed: 4.14% (35% down payment or more)
Ron Gusinjac
Realtor®,
Royal LePage Performance Realty
613-890-0444 | [email protected]
201-1500 Bank St, Ottawa, ON, K1H 7Z2
