Local optimism and national skepticism, that’s the short version of what we’re seeing in REMAX’s 2025 Fall housing outlook as it relates to Ottawa’s place in the Canadian Real Estate market. REMAX published their National Housing Outlook at the start of September. This report featured a year-over-year analysis of their local market between January 1 and July 31, 2025 and the estimated outlook for fall 2025 from local REMAX brokers and agents. This article will illustrate Ottawa’s place in the Canadian market, demonstrate the findings of the report as they pertain to Ottawa and argue that Ottawa remains a strong real estate market compared to other major Canadian cities. The findings from these statistics and the opinions of local real estate professionals shed light on various markets across Canada in 2025 and what to expect for the final quarter of the year. If you are curious about Ottawa’s place in the real estate market as 2025 ends and 2026 begins, this is the article you need to read. 

Ottawa Stats and Figures for 2025

Statistics are often a real estate agent’s best friend; it is our job to give our clients the information they need to make an informed decision when they are ready to do so. As previously mentioned, these statistics are sourced from the REMAX Fall Housing Market Update based on the period of January 1 to July 31, 2025. Average sales price in Ottawa was $695,209 (Jan 1st – July 3rd). This represents a 2% increase year-over-year. Total sales also saw an increase in Ottawa. 8,704 homes sold in Ottawa by July 31st, which represents a 3.2% increase year over year. As of July 31st, there had been 12,909 total listings. Now, many of these may have sold by now, but as of July 31st, approximately 33% of properties listed in 2025 had not sold. The total number of listings saw a year-over-year increase of 16.2%. Is the demand for homes enough to match the increase in listings? 2025 The REMAX Fall Housing Market Update declared Ottawa is a buyer’s market. This could lead to price reductions as negotiating power will be in the hands of buyers this fall if these conditions continue. The September 15th interest rate announcement could make a difference, especially as it relates to the mindset of buyers. It will be interesting to see how this shakes out in the fall real estate market. 

National Skepticism for the Canadian Real Estate Market?

REMAX surveyed local real estate agents from markets across Canada to gauge their expectations for the coming year in real estate. The consensus outlook for the Canadian Real Estate Market was a decrease of 6.5% in average sale price. They also expect a 5% decrease in year-over-year sales for the remainder of 2025. The findings of this survey clearly indicate some skepticism from industry professionals on the national level. The positive side of this is that they also expect this slight shift to allow room for first-home buyers to enter the market if pricing dips slightly as inventory rises. 

Local Optimism in Ottawa Real Estate Market?

Does the National skepticism apply to the Ottawa real estate market? According to the findings of the REMAX National Housing Outlook, Ottawa is expected to remain a strong market. Ottawa may be insulated to some of the pricing drops due to a continued strong job market and local economy due to high government employment and relative affordability compared to other major cities like Toronto. The REMAX Housing Outlook predicts that Ottawa will actually see an increase in the average sales price by 1.5% and finish the year with a 4.5% increase in sales year-over-year. This level of optimism, as it relates to Ottawa, is a positive sign for the health of the real estate market here. Compare the outlook for Ottawa to the outlook for Toronto, where pricing is expected to dip 4% by the end of the year, and total sales are projected to see a 5% decrease compared to last year. There are six Canadian cities with a population of over 1 million people. Toronto, Montreal, Edmonton, Vancouver, Calgary and Ottawa. Only Edmonton and Ottawa are expected to see an increase in the average sales price, and only Ottawa is expected to see an increase in total sales. Other outliers statistically can be found on the East Coast in Newfoundland and New Brunswick in smaller metropolitan areas. This is evidence that Ottawa is expected to be the strongest real estate market among major Canadian cities this Fall into Winter. While the national sentiment is that pricing will decrease this Fall, we may not see that in Ottawa as we head into 2026. 

This article strongly references The 2025 REMAX Fall Housing Market Update. Read their full article: HERE.

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