In April 2025, Ottawa's housing market displayed notable resilience, contrasting distinctly with the broader softness seen in the Canadian real estate landscape. According to the Ottawa Real Estate Board (OREB), home sales in the city reached 1,306 units, an 18.4% increase compared to March, though still an 11.2% drop compared to April 2024. The average residential sale price edged up slightly, increasing 0.4% year-over-year to $707,180. The MLS® HPI composite benchmark price increased by 1.1%, reaching $631,200.

This relative stability stands in contrast to the overall Canadian market trend. Data from the Canadian Real Estate Association (CREA) revealed a 0.1% month-over-month decrease in national home sales and a significant 9.8% decline compared to the previous year. The national average price, while marginally rising to $679,866 from March, was still down by 3.9% from April 2024. Furthermore, the MLS Home Price Index recorded declines of 1.2% monthly and 3.6% annually, highlighting a broader national market slowdown.

Ottawa's real estate trends also showcased varying dynamics within property segments.

a. Benchmark prices for single-family homes climbed by 1.0%

b. Townhouse prices climbed by 4.4%

c. Apartment prices declined by 2.8%

This segment-specific performance suggests differentiated demand across property types, potentially influenced by local economic and demographic factors.

Industry experts attribute Ottawa's relative strength to the city's stable employment base, underpinned by a significant government presence, and to its comparative affordability. Real estate analysts emphasize that, compared to overheated markets like Toronto and Vancouver, Ottawa remains attractive to buyers seeking value and stability. As local realtor Paul Rushforth remarked, "Ottawa's consistent economic drivers keep the market robust even amid national uncertainties."

Looking ahead, the key question for Ottawa's housing market is whether this resilience will continue amid broader national challenges. With the ongoing stability in pricing and active buyer engagement, the Ottawa real estate market remains cautiously optimistic, serving as a compelling exception to a national trend of moderation.

Information source1: The Canadian Real Estate Association (CREA)

Information source2: Ottawa Real Estate Board (OREB)

Information source3: Zoocasa Realty Inc.