Ottawa's real estate market experienced an increase in both listings and sales in January 2025, despite a slight decrease in overall sales compared to the previous year. The average price of homes sold also rose, indicating a return of buyer confidence. The Ottawa Real Estate Board attributes this growth to factors like the recent Bank of Canada rate cut and the anticipation of potentially lower interest rates.
February 08, 2025 at 9:51AM ESTIt was a cold start to 2025 for Ottawa ’s real estate market, but the number of homes for sale increased in January as more sellers entered the market.
Statistics show the average price of homes sold in January 2025 was $670,258, up 5.8 per cent from the year before. “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.
The Ottawa Real Estate Board says 1,359 new residential listings were added to the market in January 2025, up three per cent from January 2024 and 14 per cent above the five-year average. As of the end of January, there were 3,312 active listings available in Ottawa.
REALESTATE OTTAWA MARKET SALES PRICES LISTINGS
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