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The Ottawa housing market is showing clear signs of balance this fall. Sales slowed after the busy summer season, but activity remains higher than this time last year.
Inventory increased, giving buyers more choice and creating a healthier market.
Despite more listings, prices stayed steady. The average sale price in September was $690,397, up slightly from last year. Townhomes led the way with a 7.8% price increase, while single-family homes remained stable and apartments dipped slightly.
A key development was the Bank of Canada’s rate cut to 2.5% on September 17th. Lower borrowing costs could encourage more buyers to enter the market in the coming months.
For buyers, this means more opportunities and less competition. For sellers, success now depends on proper pricing, presentation, and strong marketing.
Ottawa’s housing market continues to show resilience, and with lower rates in play, we may see increased activity as we move into the late fall season.
Want the full story? Watch my complete market update video above for a deeper dive into the numbers and what they mean for your next move.
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