Here are the April 2025 numbers:
- Total number of units sold: 1,306 – down 11.2% April 2024.
- Five-year average unit sales for April: down 17.6%.
- Ten-year average unit sales for April: down 16.2%.
“While April sales were down year-over-year, we saw a healthy month-over-month increase—an encouraging sign of growing momentum as we move through the spring market,” says OREB President Paul Czan. “Inventory remains at higher levels compared to previous years, indicating a gradual move towards a balanced market.”
“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—possibly 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.”
Here are the April 2025 sales numbers:
- Average sale price of homes sold: $707,180 – up 0.4% in April 2024.
- Benchmark single-family homes price: $703,200 – up 1.0% in April 2024
- Benchmark townhouse/row unit price: $440,000 – up 4.4% in April 2024.
- Benchmark apartment price: $404,000 – down 2.8% in April 2024.