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CTV News
4 days ago
- Business
- CTV News
Ottawa sees modest year-over-year increase in homes sold in first 7 months of 2025
The Ottawa real estate market has seen modest year-over-year growth in the first seven months of the year, according to the Ottawa Real Estate Board. New figures for July show 1,318 homes were sold in the capital last month, a 4.9 per cent increase over July 2024. To date, the real estate board says home sales in the first seven months of the year are up 3.1 per cent over the same time last year. 'Ottawa's housing market continues to demonstrate steady demand, moderate price growth, and a healthy level of supply—even as other markets experience increased volatility,' the board said in a news release. The average sale price for all sold listings in July was $695,209, up 2.2 per cent from last year. Prices for single-family homes and townhouses rose in July, but apartment prices dipped slightly. The overall MLS Home Price Index (HPI) composite benchmark price, which represents the typical home in Ottawa, was $633,100 in July, a 1.9 per cent increase year-over-year. The average single-family home cost $704,800, up two per cent; the average townhouse cost $468,000, up 8.3 per cent; and the average apartment cost $411,900, down 1.6 per cent. 'While we've seen demand may be softening in the condo market, especially in the downtown core, as a whole, Ottawa's real estate market continues to stand out for its resilience and stability,' said Ottawa Real Estate Board President Paul Czan in a statement. 'With steady demand, balanced inventory, and moderate price growth, our fundamentals remain strong. We're keeping a close eye on changing dynamics, and we'll continue monitoring the data and providing transparent insights to help our members and the public navigate with confidence.' Ottawa saw 2,549 new residential listings in July, up 11.7 per cent year-over-year. There were 4,205 active listings on the market last month, which the Ottawa Real Estate Board says is 23.6 per cent higher than the five-year average for this time of year.
CTV News
02-08-2025
- Business
- CTV News
A look at what you can buy for $723,000 in 8 Ottawa neighbourhoods
A four-bedroom home for sale on Caltra Crescent in Barrhaven. The home features a fully fenced backyard with a two-level deck. ( The Ottawa Real Estate Board reported an increase in the number of homes hitting the market in June, giving buyers more choice when shopping for a home. In June, the average price of a home sold in Ottawa was $723,152, up 5.2 per cent from June 2024. looks at what you can buy for $723,000 in eight Ottawa neighbourhoods. Listed for $719,000, this four-bedroom, two-and-a-half-bathroom town home is located on Caltra Crescent in Quinn's Pointe. Barrhaven A four-bedroom home for sale on Caltra Crescent in Barrhaven. The home features a fully fenced backyard with a two-level deck. ( 'Step inside to discover a thoughtfully designed layout featuring nine-foot ceilings, hardwood flooring, custom blinds and modern pot lighting throughout the main level, creating a bright and stylish living space,' says the listing on 'The gourmet kitchen is a true showstopper, boasting waterfall-edge quartz countertops, tall cabinetry with under-cabinet lighting, numerous convenient drawers for easy storage, and a sleek ceramic tile backsplash.' The home includes a finished basement and a fully fenced backyard with a two-level deck. Caltra Cresent A look at the kitchen of a home for sale on Caltra Crescent in Barrhaven. ( This single-family home listed for $719,900 features three bedrooms and two bathrooms. 'This charming property features three spacious bedrooms and two bathrooms. Enjoy the elegance of hardwood floors and a cozy main-floor family room with a wood-burning fireplace,' says the listing on 'The eat-in kitchen boasts a walk-in pantry for added convenience. An attached garage provides easy access, while the private backyard offers a serene retreat.' Parklane Court A look inside a home for sale on Parklane Court in Blackburn Hamlet. ( Parklane Court Three three-bedroom home on Parklane Court includes an attached garage and a private backyard. ( Listed at $723,500, this home near the Britannia Park and Beach has three bedrooms and two bathrooms. Britannia This home on Don Street in Britannia is on the market for $723,500. ( 'The expansive living space exudes warmth, offering a haven of comfort for you and your loved ones,' says the listing on 'Well-appointed kitchen gazes upon a captivating backyard, inviting tranquility and scenic views into your daily routine. The second floor offers a serene balcony span almost the entire front of the building, beckoning you to relish in moments of reprieve and cherish the natural surroundings.' Britannia 2 A look inside a home for sale on Don Street in Britannia. The kitchen looks out to the backyard. ( This home for sale in Findlay Creek features three bedrooms, three bathrooms and an attached garage. It's listed for $714,900. Trident Mews A look inside a home for sale on Trident Mews in Ottawa's Findlay Creek. ( 'The stunning living room features 15-foot ceilings and a wall of windows, flooding the space with natural light,' says the listing on 'Elegant panelling, a lime-washed linear gas fireplace (2025), and built-in surround sound speakers complete the space. The chef's kitchen includes an upgraded coffee bar with glass cabinetry, spice rack, double waterfall edge island, quartz countertops throughout, and premium appliances. Upstairs, enjoy upgraded carpet, second-level laundry, and a generous primary bedroom with an oversized glass shower in the ensuite.' There is also a finished basement with an electric fireplace, and a private backyard with an integrated gas fireplace. Trident Mews The backyard of a three-bedroom home for sale on Trident Mews in Findlay Creek. According to the backyard includes an integrated gas fireplace and PVC deck. ( This four-bedroom, four-bathroom home on Summergaze Street in Kanata is listed at $725,000. Kanata This home in Kanata is listed for $725,000. The home offers three plus one bedrooms, four bathrooms and a "layout perfect for modern family living." ( 'The spacious kitchen is a chef's dream, complete with a large pantry, ample counter space, and a bright eating area,' says the listing on 'Host formal dinners in the elegant dining room, then relax in the oversized great room, ideal for family time or entertaining. Upstairs, a versatile loft space offers endless possibilities a home office, playroom, or cozy retreat. The partially finished basement adds even more functionality, featuring a fourth bedroom and full bathroom, perfect for guests, in-laws, or teens, with room to customize the remaining space.' Kanata A look at the main floor of a home for sale on Summergaze Street in Kanata. ( Located in Ottawa's Lowertown neighbourhood and just steps from the ByWard Market, this three-bedroom, three-bathroom home is listed at $725,000. Lowertown A three-bedroom home on Guigues Avenue in Ottawa's Lowertown neighbourhood is for sale at $725,000. ( 'This charming property seamlessly blends historic character with modern comfort, offering high ceilings, thoughtful upgrades, and a private urban backyard retreat plus rare two-car parking,' says the listing on 'The main floor features a stylish living area with a custom built-in entertainment unit and pot lighting throughout, flowing into a bright, functional kitchen with stainless steel appliances, a gas stove, butcher block countertops, and a classic subway tile backsplash. Upstairs, original hardwood flooring adds warmth and authenticity.' The home features a second-floor laundry. Lowertown A look inside a home for sale in Ottawa's Lowertown neighbourhood. The listing on says the 'main floor features a stylish living area with a custom built-in entertainment unit and pot lighting throughout, flowing into a bright, functional kitchen with stainless steel appliances. ( This three-bedroom, two full-bathroom home in the Queenwood Heights neighbourhood of Orléans is on the market for $724,900. Gleneagles Avenue A three-bedroom, three-bathroom home on Gleneagles Avenue in Orléans is for sale at $724,900. ( The all-brick bungalow features a mature backyard, complete with a deck. 'The interior's open concept living allows for light to shine through, creating a bright and cozy space,' says the listing on Bennett Property Shop Realty. 'With a side door entry, this home is perfectly suited for intergenerational living or for those looking for rental income with a secondary dwelling unit. Need a workshop, studio, extra storage space, the oversized garage has you covered!' Taylor Bennett of Bennett Property Shop Realty told CTV Morning Live there is a 'lot of potential' in the property, including space for a suite and a large garage on the back end. Gleneagles Avenue A look inside one of the rooms in a home for sale in the Queenwood Heights neighbourhood of Orléans. ( This townhouse features three bedrooms, a den and three-and-a-half bathrooms and is listed for $719,900. Stittsville This three bedroom home on Hackney Private in Stittsville is listed for $719,800. ( According to the listing on the home has a fully finished basement, an open concept main floor with nine-foot ceilings, stainless steel appliances and a walk-in pantry. 'Upstairs, unwind in the large den next to the generous master suite with walk-in closet, double-vanity ensuite, soaker tub, and glass shower,' the listing says. 'Two additional bedrooms and a main bath. The fully finished basement includes a fourth bathroom ideal for guests, home office, or extra living space.'
CTV News
08-07-2025
- Business
- CTV News
Ottawa's real estate market experiences ‘busiest June we've seen in quite some time'
A new home is shown for sale in a housing development in Ottawa on Tuesday, July 14, CANADIAN PRESS/Sean Kilpatrick The average sale price for homes in Ottawa increased five per cent in June, as the real estate market heated up into the summer. The Ottawa Real Estate Board says 1,602 homes and condominiums were sold in Ottawa in June, up 1,439 properties sold in June 2024. The number of homes sold last month was down from the 1,807 properties sold in May 2025. 'This was the busiest June we've seen in quite some time, with sales up 10.6 per cent and new listings rising nearly 14 per cent year over year, signifying we did, in fact, experience a delayed spring market,' Paul Czan, president of the Ottawa Real Estate Board, said in a statement. 'We're seeing more inventory hit the market, giving buyers more choice. With the changing market conditions, sellers need to be future-focused—pricing thoughtfully and preparing their homes to be one of the top picks in their area.' The average sale price of a home sold in Ottawa in June was $723,152, up 5.2 per cent from June 2024. The overall MLS HPI composite benchmark price, representing the typical home in Ottawa, was $634,300 in June, up 1.5 per cent from a year before. According to the Ottawa Real Estate Board, 2,933 new residential properties were added to the market in June 2025, up 6.6 per cent from the year ago. As of the end of June, 4,350 units were listed on real estate websites. 'Apartments are one segment that continues to feel the strain, with sales down about 20 per cent across Ottawa and inventory building,' Czan said. 'There is a variety of compounding factors in play here, including an increase in new construction, elevated financing costs and rising strata fees reducing affordability—especially for first-time buyers, but also, we're seeing neighbourhood-specific factors impacting demand." The Ottawa Real Estate Board says Ottawa's real estate market 'remains a stable market.' 'We're getting back to familiar seasonal trends—where summer activity will pick up for families looking for a home prior to the school year, and with students returning to the city—a stronger fall is likely ahead.' According to Redfin, two homes in Ottawa sold for more than $3.4 million in June. A six-bedroom home in Manotick sold for $3.425 million, while a six bedroom, eight-bathroom home on Rothwell Drive in Beacon Hill sold for $3.470 million.
CTV News
09-06-2025
- Business
- CTV News
Ottawa home prices jump 5 per cent in May, statistics show
A new home is shown for sale in a housing development in Ottawa on Tuesday, July 14, 2020. THE CANADIAN PRESS/Sean Kilpatrick Ottawa's real estate market heated up in May, as home sales increased 15 per cent and the price of homes sold jumped nearly five per cent. The Ottawa Real Estate Board says 1,807 homes and condominiums were sold in Ottawa last month, up from 1,306 homes in April 2025 and 1,545 homes in May 2024. 'Year-to-date home sales activity remains in line with 2024; however, the 33.1 per cent surge over April 2025 suggests we're experiencing a delayed spring market,' Paul Czan, president of the Ottawa Real Estate Board, said in a statement. 'April's federal election took up real estate in consumers' minds. Now, we're seeing a shift in the marketplace, with active listings on the rise and months of inventory holding steady. Buyers appear to be gaining confidence, re-entering the market and transacting. For sellers, however, rising inventory means that competitive pricing and strong presentation are more critical than ever.' According to the Ottawa Real Estate Board, the average price of homes sold in May was $728,623. The overall MLS HPI composite benchmark price for all properties in Ottawa was $629,800 in May 2025, up 0.8 per cent from May 2024. According to the Ottawa Real Estate Board, the benchmark price for a townhouse/row unit was $446,900 and the benchmark price for a condominium was $404,700 (down 3.6 per cent from the year before). A total of 3,430 new residential properties were added to the for-sale market in May, up 8.7 per cent from May 2024. There were 4,347 active listings on Ottawa's real estate market at the end of May. Multi-million-dollar homes According to Redfin, six properties sold for more than $2.8 million in Ottawa in May, including a dairy farm on Sarsfield Road for $4.6 million. A four-bedroom, four-bathroom home in Manotick sold for $3.2 million and a five-bedroom home in Manotick sold for $3.175 million. A five-bedroom, five-bathroom home in the Glebe sold for $3.1 million. According to the real estate website, a home sold for $2.9 million in the Carlingwood-Westboro area and a four-bedroom home in Manotick sold for $2.855 million.
Yahoo
10-03-2025
- Business
- Yahoo
Homebuyers, sellers feeling 'extra pressure' amid U.S. tariff uncertainty
For Valon Mcinnis, the idea of buying a home was always an exciting one. But this time around — with the uncertain see-sawing of Donald Trump's tariff policy — her experience has been the opposite. "I thought it was going to be a lot more fun, but it's more stressful than anything," she said at an open house in Ottawa on Sunday. Last week, the U.S. president launched his long-threatened trade war by introducing 25 per cent levies on most Canadian goods. But just days later, he offered a partial reprieve by pausing tariffs on Canadian exports that complied with the Canada-U.S.-Mexico Agreement (CUSMA) until April 2. Amidst all the unpredictability, Mcinnis — who recently sold her house — says buying a new one has her worried about inflated costs that could go along with it. Groceries, car repairs and renovations will all become more expensive, she said, making a new house harder to afford. "There's definitely some concern, some uneasiness… I feel just a little bit [of] extra pressure and I don't think that's how you want to feel when you're making such a big purchase." Some buyers and sellers in Ottawa say the uncertainty of the U.S. tariffs have left them worried about the market and inflated costs they may have to incur. (Francis Ferland/CBC) Meanwhile, Besime Amjadi is struggling to sell her home and blames the fear that Trump's threats have generated. "I feel like [the real estate market] is questionable right now because people are afraid," said Amjadi, who's been trying to sell for a month. Amjadi thinks people expect the cost of homes to go down, and that has her worried about how much interest her listing will get. Concerns not unusual These sorts of worries are being heard across the city these days, said Andrew Thake, a mortgage broker in Ottawa. "There's definitely more questions coming up saying, 'Is this a good time to buy? Should we be concerned?'" Thake said. But according to Thake, the tariffs may not be entirely bad for the real estate market. The "talk of the town," Thake said, is that in response, interest rates may come down. The Bank of Canada's policy rate is currently sitting at about three per cent, and is expected to be updated on March 12. Lower interest rates ultimately mean lower mortgage payments, which Thake says is good news for homeowners. Andrew Thake, a mortgage broker in Ottawa, says interest rates are expected to drop later this week, providing relief to some homeowners. (Francis Ferland/CBC) When rates dropped significantly during the pandemic, the market "exploded," Thake said, adding that he believes another dip could restore consumer confidence. Paul Czan, president of the Ottawa Real Estate Board said that would also open doors for first-time homebuyers. "With any decrease in interest rates, we see an increase in buyer purchasing power," Czan said. "Those first-time buyers who have been waiting to get into the marketplace are finally going to be able to be in a position to be able to afford the home that they've been trying to own for the last few years." Paul Czan, president of the Ottawa Real Estate Board, says if interest rates do drop, it could also be beneficial for first-time homebuyers. (Francis Ferland/CBC) 'Uncertainty' is the only sure thing Ottawa's real estate market is typically steady, according to Czan, because of the presence of the public sector in the city. But in the latest data from the Ottawa Real Estate Board, home sales in January were 13 per cent below the city's five year average. Czan said it's hard to predict what the market will look like in coming months. "The only thing that's certain with these tariffs is uncertainty. With the administration down south, it seems like they come up with a new idea on a daily [basis], and it's almost tough for us to keep track," he said. Yet he thinks the outcome will be a decline in home building rather than an increase in housing prices. With the cost of materials rising, builders face bigger risks trying to acquire the inventory needed for construction, Czan said. "There's just not been enough housing available for our buyers in the marketplace. And with these tariffs coming into place, it may further exacerbate that issue."
