Here are the May 2025 numbers:
- Total number of units sold: 1,807 – up 14.9% May 2024.
- Five-year average unit sales for May: up 2.5%.
“Year-to-date home sales activity remains in line with 2024; however, the 33.1% surge over April 2025 suggests we’re experiencing a delayed spring market,” says OREB President Paul Czan. “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.”
“Compared to markets like Toronto or Vancouver—which are seeing signs of stagnation—Ottawa is holding steady,” adds Czan. “Buyers and sellers are still able to transact fairly, with sale prices remaining close to list, even amid broader economic uncertainty. And the Bank of Canada’s recent decision to hold the key interest rate steady may spur more activity, as buyers grow more confident, they’re not missing out on further downward movement.”
Here are the May 2025 sales numbers:
- Average sale price of homes sold: $728,623 – up 4.8% in May 2024.
- Benchmark single-family homes price: $700,000 – up 0.6% in May 2024
- Benchmark townhouse/row unit price: $446,900 – up 4.4% in May 2024.
- Benchmark apartment price: $404,700 – down 3.6% in May 2024.