Here are the February 2025 numbers:
- Total number of units sold: 809 – down 10.2% February 2024.
- Five-year average unit sales for February: down 19%.
- Ten-year average unit sales for February: down 15.4%.
“Ottawa’s sales activity moderated while prices held steady,” says OREB President Paul Czan. “Despite increased inventory, market uncertainty continues to influence buyer and seller decisions. Some sellers who had previously delayed listing are now entering the market, contributing to more options for buyers. While demand remains strong in certain price segments, the pace of sales varies, making strategic pricing and preparation key for sellers.”
“The Bank of Canada’s influence on borrowing power, ongoing economic factors like tariffs, and the potential impact of upcoming elections are also shaping buyer and seller sentiment,” adds Czan. “As we approach the spring market, we anticipate increased buyer activity, particularly if interest rates trend downward and confidence continues to build.”
Here are the February 2025 sales numbers:
- Average sale price of homes sold: $669,945 – up 1.4% in February 2024.