📈 Key Trends & Insights

1. Moderate Price Growth with Variance by Property Type

• The MLS® HPI composite benchmark price is rising only modestly, about 1.1% year‑over‑year in September. (Ottawa Real Estate Board)

• Among property types:

  • Townhouses are seeing stronger growth (7–8%) compared to single‑family homes. (Ottawa Real Estate Board)

  • Condos / apartments are more challenged, with slight declines in benchmark values in many parts of Ottawa. (Ottawa Real Estate Board)

This suggests that mid‑density housing (townhomes, row units) is in particular demand, while the condo sector is under more pressure.

2. Supply is Increasing / Inventory Pressures Emerging

• Active listings are notably higher than this time last year. (Ottawa Real Estate Board)

• In September 2025, the months of inventory sat at ~4.0 months, shifting toward a more balanced market versus a tight sellers’ market. (Ottawa Real Estate Board)

• Earlier in the year, inventory lines were already expanding (e.g., 4.6 months in February). (Shauna Brownlee-Starr)

This rising supply gives buyers more choices and softens upward pressure on prices, especially in more competitive segments.

3. Sales Activity Holding Up / Slight Slowdown Seasonally

• Year-to-date, sales volume in 2025 is up ~ 3.9 % compared to 2024. (Ottawa Real Estate Board)

• In recent months, total sales have eased somewhat (typical in the transition from summer to fall) but remain healthy relative to last year. (Ottawa Real Estate Board)

• The sales-to-new-listings ratio (SNLR) is around 58 % generally considered a “balanced market” indicator (between 40–60 %). (WOWA)

So demand is still present, but less frenzied than in peak seller markets.

4. Interest Rate Policy & Broader Economic Factors Are Watchpoints

• The Bank of Canada cut its key policy rate by 25 basis points to 2.5% recently, which may improve borrowing conditions and stimulate activity. (Ottawa Real Estate Board)

• However, macroeconomic uncertainty, mortgage qualification requirements, and inflation pressures continue to influence buyer confidence and financing capacity. (Ottawa Real Estate Board)

In short: monetary policy is a lever that could tilt the market in either direction going forward.

🔍 What This Means for Sellers & Buyers

If you like, I can dive deeper into your specific neighbourhood or price band to see how competitive it is now. Would you prefer that?

If you ever want an updated valuation or listing strategy, you can also use our valuation tool at realpropertypro.ca/seller/valuation.

— Martin Chettle
Contact: Martin at realpropertypro.ca