Courtesy of The MacGowan Team

Momentum Builds in Ottawa’s Housing Market Amid Greater Certainty

DOWN 2.8% year-to-year $404,000 apartment

$703,200 single family UP 1.0% year-to-year

BENCHMARK PRICES

3.7 MONTHS OF INVENTORY

2,589 NEW LISTINGS 1,306 SOLD LISTINGS

4,878 ACTIVE LISTINGS

OTTAWA, May 6, 2025 - The number of homes sold through the MLS ® System of the Ottawa Real Estate Board (OREB) totaled 1,306 units in April 2025. “With more certainty following the federal election, buyers are returning with greater confidence—but they’re proceeding cautiously, taking their time, including conditions in their offers, and being more selective,” adds Czan. “Sellers, meanwhile, are adjusting to longer days on market, which makes strategic pricing and thoughtful home preparation more important than ever. If the listing is priced well, shows well, it’s moving—and in some cases, it’s even getting multiple offers. Looking ahead, we’ll be watching how the federal government’s recent housing commitments translate into action. Policies aimed at increasing supply, improving affordability, and supporting first-time buyers are welcome steps toward meaningful impact here in Ottawa.” The overall MLS ® HPI composite benchmark price was $631,200 in April 2025, a 1.1 % rise compared to April 2024. The benchmark price for single-family homes was $703,200, up 1.0 % year-over-year in April. By comparison, the benchmark price for a townhouse/row unit was $440,000, an increase of 4.4% from 2024. There were 2,589 new residential listings in April 2025. Months of inventory numbered 3.7 at the end of April 2025. Statistics reflect market activity in April 2025 | Source: OREB ® Ottawa Real Estate Board | Market values stated are of the benchmark of Ottawa and surrounding region. Individual home market values will vary and are affected by factors such as location, size, interior and exterior condition. Please call to get an up-to-date evaluation of your home.

Direct. 613-859-1317 Mike@MacGowanTeam.com www.MacGowanTeam.com

Mike MacGowan REALTOR ® 613.859.1317

Ken MacGowan B.Comm., CPA, CMA, Real Estate Broker 613.791.5480

Daren MacGowan REALTOR ® 613.324.5294

Each Office Independently Owned and Operated. 747 Silver Seven Rd UNIT 29, Ottawa, ON K2V 0H2 Affiliates Realty Ltd., Brokerage

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