Market Update for November 2025 | Ottawa Edition

Key Trends Buyers and Sellers Should Know

The Ottawa real estate market slowed down in November 2025, but prices continue to hold steady. If you are planning to buy or sell in 2026, these highlights will help you understand what is happening in the market and how to prepare.

Sales Are Down but Prices Remain Stable

Home sales dropped to 880 in November, which is lower than both October and the same month last year. Even with fewer sales, the average sale price reached $680,496, which is just over 2 percent higher than last year. Single family homes performed the strongest, averaging $825,827.

This shows that Ottawa remains a balanced market with stable pricing despite the slowdown.

Inventory is Increasing Across Ottawa

Active listings climbed to 3,721, which is 31 percent higher than last year. Months of inventory rose to 4.2, giving buyers more choice and increasing the need for sellers to price accurately and present their homes well.

Different segments are reacting differently:

Single family homes: Stable with 4.0 months of inventory
Town homes: Prices dipped and buyers are more careful
Condos: Inventory reached 7.3 months with sales down more than one third

The condo market is the one to watch as supply continues to rise.

Why the Market Feels Slower

Buyers are cautious due to economic uncertainty, more inventory means less urgency, and early winter weather has reduced showing activity. Some sellers are also pricing too high, which causes listings to sit on the market longer.

Tips for Buyers

Buyers have a strong opportunity this winter. Increased supply means more negotiating power, better selection, and less competition. A current preapproval is important as lenders adjust to recent rate cuts.

Tips for Sellers

Sellers need to focus on accurate pricing, strong presentation, and a strategic launch. With more competition, preparation matters. Those who get ready before spring will have an advantage as inventory continues to grow.

Looking Ahead to 2026

Expect a steadier start to the year, an active spring, and important movement in the condo market. Buyers who plan early and sellers who prepare now will be in the best position.

If you want a personalized breakdown of how these trends affect your move in 2026, feel free to reach out anytime.