OTTAWA – The Ottawa Real Estate Board (OREB) welcomes the Ontario government’s introduction of the Fighting Delays, Building Faster Act, 2025, which takes meaningful steps to accelerate housing construction, streamline development approvals, and modernize Ontario’s housing system.
With housing affordability challenges continuing to rise in the nation’s capital, OREB supports bold measures that make it easier to get the homes we need built faster. By cutting red tape, standardizing development charges, and advancing digital and AI-enabled approval systems, this legislation addresses key barriers to housing supply.
The proposed reforms to the Landlord and Tenant Board (LTB) — including efforts to improve efficiency, shorten case timelines, and reduce procedural delays — are also welcome updates that will help restore confidence in Ontario’s rental market and support new rental housing investment.
“REALTORS® see the effects of Ottawa’s housing deficiencies every day,” said Nicole Christy, Chief Executive Officer of the Ottawa Real Estate Board. “This legislation reflects many of the REALTOR®-driven solutions OREB and OREA have long advocated for: smarter planning processes, modern infrastructure funding, faster approvals, and a more functional rental system. These are the kinds of changes that will help more Ottawa residents find a place to call home.”
As long-time advocates for housing policy that expands supply and improves affordability, OREB looks forward to working with the province and the City of Ottawa to ensure these reforms deliver real results for homebuyers, renters, and REALTORS® alike.
For media inquiries, please contact:
Dave Holmes, Manager, Marketing and Communications
613-225-2240 ext. 232 | dave@oreb.ca
OTTAWA, ON — A new survey conducted by Abacus Data for the Ottawa Real Estate Board (OREB) reveals widespread concern about housing affordability and supply in the nation’s capital. Nearly two-thirds of residents (62%) say they are concerned about losing their home or rental unit if their financial situation were to suddenly change, while four in five (82%) are concerned about the overall state of housing in Ottawa today.
The survey, which polled 1,000 Ottawa residents in September 2025, paints a picture of a city struggling with the rising cost of living, a lack of affordable housing options, and a strong desire to see governments make the dream of home ownership in Ottawa a reality.
“When six in ten residents worry about losing their home if their financial situation changes, it’s a clear sign that we must do more to improve housing affordability and choice,” said Paul Czan, 2025 President of OREB. “We must make it easier to build more homes that families need and can afford.”
When asked which issues they most want elected officials to focus on, respondents identified cost of living (47%), housing affordability (44%), and homelessness (29%) as the most important priorities. Two-thirds of residents (67%) describe housing in their area as unaffordable, yet 71% of non-homeowners still hope to buy a home someday. While the dream of home ownership is strong among Ottawa residents, half of all respondents doubt they’ll ever be able to afford a home in their community of choice.
“Ottawa residents are telling us that what they need are more affordable housing options—especially missing middle housing like duplexes, triplexes, townhouses, and small apartment buildings that seniors, families and young people can afford,” said Nicole Christy, CEO of OREB. “The good news is that there’s broad public support for action on things like lowering development costs, modernizing zoning and reducing red tape.”
Residents see clear causes behind the affordability crunch, with most pointing to a lack of affordable housing for low and middle-income families (54%) and the high cost of construction (43%), including materials and labour—underscoring that Ottawa’s affordability challenge is contributing to limited housing supply.
Elected leaders at all three levels of government get poor marks from respondents on improving Ottawa’s housing situation. Three in five residents (59%) say they are dissatisfied with the leadership shown by the federal, provincial, and municipal governments alike on housing issues. Only 36% of respondents believe the City of Ottawa is making housing affordability a high or very high priority.
As a leading advocate for more attainable housing in the City of Ottawa, OREB is meeting this week with City Councillors to advance policy solutions that will help get more affordable homes built faster in the city. Specifically, OREB has a three-point policy plan that is asking the City to:
Reform Development Charges to Lower Costs: OREB is calling on City Council to reduce and reform development charges that are driving up the cost of new homes and rentals. Ottawa’s fees have increased four times in the past year, adding as much as $63,000 to a new low-rise home.
“Ottawa can’t build its way out of the housing crisis if every new home buyer must pay tens of thousands of dollars in government fees,” said Czan. “Development charges are adding up to $63,000 to the cost of a single unit which is leading to fewer homes and higher prices. Council has the tools to fix that.”
Pass a Bold Zoning By-Law That Enables More Housing Choices: OREB supports a new citywide zoning by-law that permits up to four residential units on serviced lots, removes outdated parking minimums, and speeds up approvals. Public opinion is firmly behind this approach with 80% supporting the creation of more affordable homes across Ottawa.
“This is about unlocking opportunity,” said Christy. “By legalizing more housing types in every neighbourhood, Ottawa can make meaningful progress toward affordability, inclusion, and the kind of city our residents are asking for.”
Protect Tenants While Expanding Rental Supply: OREB believes Ottawa can protect tenants and increase rental choices without adding unnecessary red tape through a new rental renovation licensing by-law. The public agrees, with 80% of residents saying they support fixing the Landlord and Tenant Board, 79% supporting tougher action against bad landlords, and 68% supporting expanding rental housing through incentives.
“Ottawa renters need protection, not more paperwork,” said Czan. “Most residents support fixing the Landlord and Tenant Board and cracking down on bad landlords, but they don’t want new red tape that drives small landlords out of the market.”
About the Survey
The Ottawa Real Estate Board–Abacus Data State of Housing Survey was conducted from September 18 to 30, 2025, among 1,000 residents of the City of Ottawa. Results are accurate within ±2.77%, 19 times out of 20.
About the Ottawa Real Estate Board (OREB)
The Ottawa Real Estate Board (OREB) is a non-profit association representing more than 4,000 member REALTORS® in the National Capital Region. OREB advocates for policies that promote housing affordability, protect consumers, and support a fair and efficient real estate marketplace.
For media inquiries, please contact:
Dave Holmes, Manager, Marketing and Communications
613-225-2240 ext. 232 | dave@oreb.ca
OTTAWA, ON — Ottawa’s housing market in September demonstrated a continuation of late-summer seasonal trends, with sales activity easing slightly while inventory levels continued to climb. A total of 1,089 homes sold in September, down from 1,236 in August and 1,318 in July. This three-month trend of softer sales is not unusual as the spring peak transitions into the quieter summer months.
On the price side, the average sale price of $690,397 in September fell between August’s $686,536 and July’s $695,209, remaining up 0.3% year-over-year. Benchmark prices have remained relatively stable throughout this adjustment period, indicating that demand is holding steady even as buyers gain more choice.
Active listings rose to 4,388 in September, following 3,971 in August and 4,205 in July. These elevated inventory levels are a departure from undersupplied pandemic-era levels and align more with longer-run balanced conditions, though at elevated levels, which continues to be a trend worth monitoring. Continued steady demand helps to explain why prices have stayed relatively flat even as inventory builds. Months of inventory edged up to 4.0, compared to 3.2 in August and 3.2 in July, reinforcing this balance between buyers and sellers.
On September 17, the Bank of Canada cut its key policy interest rate by 25 basis points to 2.5%, citing slowing global growth and easing inflation pressures. This policy shift, combined with Ottawa’s resilient demand and balanced market conditions, could encourage more first-time buyers and bring additional activity to the market in the months ahead.
“September reinforced Ottawa’s resilience, with sales nearly 2.4% higher than last year, and prices are holding steady despite more listings coming to market,” said Paul Czan, OREB President. “When you peel back the layers, you see that townhomes are driving stability while single-family homes are easing. And while Ottawa’s diversity of housing continues to increase inventory, missing middle housing—like townhomes—still aren’t being built fast enough, and that’s something OREB continues to advocate for.”
Residential Market Activity
Looking at the bigger picture, there have been 11,025 home sales so far this year, which is 3.9% higher than at this time in 2024.
The average sale price for all sold listings in September was $690,397 up 0.3 % from last year.
This year, the average year-to-date price is $699,910, a 2.7% increase over the first nine months of 2024.
Altogether, the total value of homes sold in September was approximately $751 million, up 2.8% year-over-year, with the housing sector continuing to be one of the major drivers of the overall Ottawa economy.
On the listing side, there were 2,832 new residential listings added in September, a notable 19.3% increase compared to last year, and 4,388 active listings on the market, up 19.4% from September 2024, and roughly 21.8% above the five-year average for this time of year.
Finally, the months of inventory, a measure of supply, sits at 4.0 months, which is up from 3.2 months of inventory in August. Having 4.0 months of inventory is typically understood to be an indicator of what is considered a balanced market.
MLS® Home Price Index
As for prices, the MLS® Home Price Index (HPI) composite benchmark price in Ottawa was $627,200 in September, a nearly flat 1.1% increase year-over-year.
If we break that benchmark price down by property type:
Single-family homes came in at $697,200, up 1.0%.
Townhouses saw the biggest jump — up 7.8% to $462,800.
Apartments, on the other hand, dipped again, — down 1.7% to $408,200.
For media inquiries, please contact:
Dave Holmes, Manager, Marketing and Communications
OTTAWA, ON – The Ottawa Real Estate Board (OREB) commends the City of Ottawa for the Housing Innovation Task Force Report and the Housing Acceleration Plan that squarely targets the core municipal levers needed to get more homes built. With 53 actions organized across five objectives—simplifying the regulatory environment and expediting the approvals process, evolving City culture to be housing development friendly, introducing more flexibility in fees and charges, consolidating and strengthening capacity for affordable housing development, unlocking urban intensification and transit-oriented development—the plan aims to accelerate all forms of housing, with particular emphasis on affordable and urban options.
It recognizes that success requires strong partnerships with federal and provincial governments and an industry ready to respond. This direction closely aligns with what OREB has advocated publicly. We have urged governments to reduce bureaucratic barriers, streamline development approvals, and invest in enabling infrastructure. All measures we believe are critical to restoring supply and affordability in Ottawa. The Housing Acceleration Plan’s commitment to simplifying the regulatory environment and expediting approvals reflects those priorities.
OREB has also called for flexibility in the cost structure of building homes. The plan answers that call by taking several actions to reduce fees and review the development charge structure. It is imperative that we lower total developmental costs or tax burdens that impede construction so viable projects can proceed at the pace Ottawa needs.
On growth and gentle density, OREB has pressed for policies that end exclusionary zoning and enable as-of-right, context-sensitive intensification, particularly near high-quality transit. Key elements of our recommendations are addressed in the final draft of the new zoning by-law. Likewise, the plan’s objective to unlock urban intensification and transit-oriented development moves in that same direction and responds to our proposal to remove barriers to smart, sustainable infill.
OREB further supports the plan’s focus on consolidating and strengthening affordable housing capacity, which complements our advocacy to expand supply across the continuum so more families, first-time home buyers, renters, newcomers, and businesses alike can access homes and commercial spaces in our city.
A well-structured plan provides direction, but without collaboration it risks falling short. The true determinant of success lies in how effectively people work together. OREB reiterates the need for all orders of government to coordinate policy and funding, so the plan’s actions translate into shovels in the ground and keys in doors.
We will continue working with federal and provincial partners on complementary priorities outside municipal control. Specifically, federal programs that seek to double housing construction and restore affordability, skilled trades training that builds the workforce needed for housing delivery, and Landlord and Tenant Board (LTB) reforms to clear rental backlogs so the City’s efforts are matched by system-wide capacity.
OREB stands ready to partner with the City on advancing housing solutions, bringing together market intelligence, on-the-ground experience, policy insights, community engagement, industry networks, and implementation expertise to ensure this plan successfully translates policy into new, attainable homes for Ottawa and area residents more quickly.
For media inquiries, please contact:
Dave Holmes, Manager, Marketing and Communications 613-225-2240 ext. 232 | dave@oreb.ca
OTTAWA, ON – Ottawa’s housing market in August 2025 offered buyers greater choice amid subtle signs of shifting dynamics. Last month, demand remained healthy, while supply continued to increase. Active listings climbed to 3,971, approximately 37% above the five-year August average.
This increase in inventory, while worth monitoring, is not currently a cause for concern. Ottawa’s real estate market follows well-established seasonal cycles, with late summer typically bringing a build-up of available listings ahead of the busy fall market. Both the sales-to-new-listings ratio of 58.3% and 3.2 months of inventory indicate that demand is keeping pace with supply, maintaining balanced market conditions.
It’s also important to recognize that 2020 and 2021 were historic outliers, with unusually low active listing levels that distort the five-year average. Excluding those years and instead referencing the pre-pandemic 2018 and 2019 figures, August 2025 inventory sit roughly 33–34% above the revised five-year trend — a more accurate measure of current market standing relative to historical norms.
Property-type trends continue to diverge. Single-family home HPI benchmarks remain broadly steady, and townhouse values are showing gains, while the condominium segment, particularly in the downtown core, remains comparatively soft. These variations present differing market opportunities depending on location, property type, and price point.
For buyers, the current combination of elevated inventory and steady demand presents a strategic window: more choice and greater negotiating power are available for those in a position to act on it. Meanwhile, broader provincial trends — such as slowing sales and rising supply elsewhere in Ontario — remain factors to watch. There are emerging signs of a potential turnaround in these markets, that could support improved conditions in the months ahead.
OREB will continue to monitor these developments closely to ensure Members and consumers remain informed as Ottawa’s market evolves.
“August was an active month for Ottawa’s housing market, with overall prices trending upward and sales activity stronger than in recent years as the summer season winds down,” said Tami Eades, OREB President-Elect. “While we continue to see different price movements across segments, the broader picture points to renewed momentum in the Ottawa Region as buyers and sellers alike re-engage ahead of the fall market. Ottawa’s market reflects balanced conditions, though we are mindful of broader economic factors—such as federal employment trends and U.S. trade policies—that could affect our market in the months ahead.”
Residential Market Activity
In August 2025, a total of 1,236 homes were sold across the Ottawa Real Estate Board (OREB) region. While down from 1,318 units in July 2025 and 1,602 in June 2025, this represents a 12.1% increase compared to August last year. Two consecutive months of slower sales is consistent with the spring to summer market seasonality, particularly as we are already approaching what is typically a more active fall market.
Looking at the bigger picture, there have been 9,936 home sales so far this year, which is 4.1% higher than at this time in 2024.
The average sale price for all sold listings in August was $686,536, up 3.6% from last year.
This year, the average year-to-date price is $700,828, a 3% increase over the first eight months of 2024.
Altogether, the total value of homes sold in August reached approximately $850 million, up 16% year-over-year, with the housing sector continuing to be one of the major drivers of the overall Ottawa economy.
On the listing side, there were 2,121 new residential listings added in August, a significant 8.6% increase compared to last year, and 3,971 active listings on the market, up 13.3% from August 2024, and 37.1% above the five-year average for this time of year.
Finally, the months of inventory—a measure of supply— sits at 3.2 months, which is unchanged from last month and identical to last August’s metric as well. 3.2 months of inventory is typically understood to be an indicator of what is considered a balanced market. Another indication that despite Ottawa’s high active listing count that demand is currently keeping pace with supply.
MLS® Home Price Index
As for prices, the MLS® Home Price Index (HPI) composite benchmark price in Ottawa was $633,000 in August, a modest 1.5% increase year-over-year.
If we break that benchmark price down by property type:
Single-family homes came in at $700,100, up 1.5%.
Townhouses saw the biggest jump — up 8.3% to $466,200.
Apartments, on the other hand, dipped slightly, — down 1.1% to $412,300.
For media inquiries, please contact:
Dave Holmes, Manager, Marketing and Communications
September 5, 2025 – RECO update on iPro insurance process: Consumer deposit claims are starting to be paid at closing. Agents are urged to file claims through ClaimsPro, as iPro accounts are frozen. For information and latest updates on iPro – Click Here.
September 3, 2025 I OTTAWA, ON – Today, Ontario’s nine largest REALTOR® associations, representing more than 95,000 of the nearly 100,000 REALTORS® across the province, sent a joint letter to the Minister of Public and Business Service Delivery and Procurement, the Honourable Stephen Crawford, in support of his government’s firm stance on the Real Estate Council of Ontario’s (RECO) operations and handling of the iPro Realty matter.
In our letter, we urged the government to make RECO subject to independent oversight by the Ontario Ombudsman, noting that the iPro case is part of a troubling pattern which has highlighted the need for enhanced transparency and accountability at Ontario’s real estate regulator to improve public confidence and ensure professional integrity. We also endorsed the Minister’s commitment to intervene directly should RECO fail to fulfill its core mandate and expressed our willingness to work with the government on further reforms to strengthen accountability, transparency, and consumer protection in Ontario’s real estate market.
As Ontario’s largest REALTOR® associations, we are committed to protecting the public’s confidence in real estate and promoting the highest professional standards in North America.
Paul Czan President Ottawa Real Estate Board
Christine Riley President Central Lakes Association of REALTORS®
Julie Sergi Chair Cornerstone Association of REALTORS®
Dale Marsh President London & St. Thomas Association of REALTORS®
Lisa Taylor Chair Niagara Association of REALTORS®
Ken Mazurek President Oakville, Milton & District Real Estate Board
Bonnie Looby President OnePoint Association of REALTORS®
Elechia Barry-Sproule President Toronto Regional Real Estate Board
Julianna Biondo President Windsor-Essex County Association of REALTORS®
OTTAWA, ON – Ontario’s five largest REALTOR® associations, representing more than 90 per cent of the nearly 100,000 REALTORS® in the province, support the Ford government’s decision to intervene in the review of the Real Estate Council of Ontario (RECO) following the iPro Realty Ltd. investigation.
Our associations welcome a full review of RECO’s governance and practices. This process must deliver meaningful reforms, including Ombudsperson oversight, stronger accountability measures, and enhanced enforcement tools to safeguard consumer deposits and restore public confidence.
Recent events, including the iPro Realty investigation, have highlighted the need for enhanced transparency and accountability at Ontario’s real estate regulator. The handling of trust account breaches by iPro Realty is a serious matter that speaks directly to consumer confidence and professional integrity.
The iPro Realty investigation undermines RECO’s consumer protection mandate and damages the reputation of thousands of hardworking REALTORS® who conduct their business honestly. Ontario would not be alone if the government also follows our advice to bring RECO under the oversight of Ombudsman Ontario. Real estate regulators in British Columbia and Québec already fall under the jurisdiction of their respective provincial Ombudspersons. Even the Financial Services Regulatory Authority of Ontario is subject to Ombudsman oversight. This recommendation reflects our associations’ commitment to protecting consumers, enhancing professionalism, and supporting continuous improvements within Ontario’s real estate regulatory system.
We are committed to working with the government to ensure that this review results in a transparent, accountable, and effective regulator who will protect consumers and support the integrity of the real estate profession.
Paul Czan President Ottawa Real Estate Board
Christine Riley President Central Lakes Association of REALTORS®
Julie Sergi Chair Cornerstone Association of REALTORS®
Bonnie Looby President OnePoint Association of REALTORS®
Elechia Barry-Sproule President Toronto Regional Real Estate Board
Media Inquiries: For media inquiries, please email:
OTTAWA, ON – For most Ontarians, the purchase of a home is the single largest financial investment of their lives. For that reason, consumers expect that the institutions regulating real estate uphold the highest levels of professionalism and accountability. When the public trust is breached, especially in a significant way, the consequences should be swift, significant and public.
The situation involving iPro Realty and the mishandling of trust account money is deeply concerning to OREB and its 4,000 members. Equally troubling is RECO’s decision not to pursue disciplinary or administrative action in response. Brokerages are entrusted with consumers’ deposits and other funds, often representing people’s life savings. Mismanagement of these accounts is one of the most serious violations under the Trust in Real Estate Services Act and the Code of Ethics.
While there are no iPro Realty offices or agents within OREB’s jurisdiction, OREB members and their clients may still be impacted if they are involved in transactions with iPro Realty.
As Ontario’s regulator, RECO bears a responsibility not only to enforce the rules, but also to provide transparency and accountability when those rules are broken. OREB calls RECO to explain why stronger action was not taken in this case and to demonstrate that decisive steps will be taken to prevent such breaches in the future. We also stand ready to work with RECO to reinforce safeguards that protect consumers and maintain confidence in the real estate profession.
Nicole Christy Chief Executive Officer Ottawa Real Estate Board
OTTAWA, ON — Ottawa’s housing market continues to demonstrate steady demand, moderate price growth, and a healthy level of supply—even as other markets experience increased volatility.
Nevertheless, it is important to keep an eye on what is happening across the province. Some markets in Ontario are encountering more pronounced slowdowns—with declining sales, price corrections, and rising inventory levels outpacing demand.
Historically, the perception is that Ottawa has been somewhat insulated from such extremes, due in part to its stable employment base and consistent population growth, but it is not entirely immune. Broader provincial or national trends have the potential to ripple through the local market over time.
Currently, the rise in active listings both year-over-year and compared to the five-year average, may serve as an early indicator of rising supply pressure. At the same time, the sales-to-new-listings ratio change from 51.7% to 55.1% from a year ago provides a mixed signal that may indicate demand is currently keeping pace with supply. For the time being, this rise in inventory provides buyers with more choice, but this is certainly a trend worth monitoring.
“While we’ve seen demand may be softening in the condo market, especially in the downtown core, as a whole, Ottawa’s real estate market continues to stand out for its resilience and stability,” says Paul Czan, President of the Ottawa Real Estate Board (OREB). “With steady demand, balanced inventory, and moderate price growth, our fundamentals remain strong. We’re keeping a close eye on changing dynamics, and we’ll continue monitoring the data and providing transparent insights to help our Members and the public navigate with confidence.”
Residential Market Activity
In July 2025, a total of 1,318 homes were sold across the Ottawa Real Estate Board (OREB) region. While this is down from 1,602 units in June, it represents a 4.9% increase over July last year.
Looking at the bigger picture, there have been 8,704 home sales so far this year, which is 3.1% higher than at this time in 2024.
The average sale price for all sold listings in July was $695,209, up 2.2% from last year.
This year, the average year-to-date price is $702,840, a 3% increase over the first seven months of 2024.
Altogether, the total value of homes sold in July reached approximately $920 million, up 7.2% year-over-year, representing a huge contribution to the overall Ottawa economy.
On the listing side, there were 2,549 new residential listings added in July, a solid 11.7% increase compared to last year, and 4,205 active listings on the market, up 14% from July 2024, and 23.6% above the five-year average for this time of year.
Finally, the months of inventory—a measure of supply—rose slightly to 3.2 months, up from 2.9 at this time last year and 2.7 months from last month. 3.2 months of inventory is typically understood to be an indicator of what is considered a balanced market.
MLS® Home Price Index
As for prices, the MLS® Home Price Index (HPI) composite benchmark price in Ottawa was $633,100 in July, a modest 1.9% increase year-over-year.
If we break that benchmark price down by property type:
Single-family homes: $704,800, up 2%
Townhouses: $468,000, up 8.3%
Apartments: $411,900, down 1.6%
Media Contact
For media inquiries, please contact:
Dave Holmes Manager, Marketing and Communications 613-225-2240 ext. 232 dave@oreb.ca
A total of 1,602 homes were sold through the MLS® System of the Ottawa Real Estate Board (OREB) in June 2025. This marks an 11.34% decrease from the previous month, but a more modest 10.6% increase compared to June 2024 and sits 3.8% above the five-year average.*
“This was the busiest June we’ve seen in quite some time, with sales up 10.6% and new listings rising nearly 14% year over year, signifying we did, in fact, experience a delayed spring market,” says OREB President Paul Czan. “We’re seeing more inventory hit the market, giving buyers more choice. With the changing market conditions, sellers need to be future-focused—pricing thoughtfully and preparing their homes to be one of the top picks in their area.”
“Apartments are one segment that continues to feel the strain, with sales down about 20% across Ottawa and inventory building. There is a variety of compounding factors in play here including an increase in new construction, elevated financing costs and rising strata fees reducing affordability—especially for first-time buyers, but also, we’re seeing neighbourhood-specific factors impacting demand,” adds Czan. “Still, Ottawa remains a stable market. We’re getting back to familiar seasonal trends—where summer activity will pick up for families looking for a home prior to the school year, and with students returning to the city—a stronger fall is likely ahead.”
By the Numbers – Prices:
The overall MLS® HPI composite benchmark price was $634,300 in June 2025; a 1.6% increase from June 2024.
The benchmark price for single-family homes was $707,600, up 1.6% year-over-year.
The benchmark price for a townhouse/row unit** was $467,900, a 9.0% increase from 2024.
The benchmark apartment price was $411,500, a 0.6% decline from the previous year.
The average price of homes sold in June 2025 was $723,152, a 5.2% increase from June 2024.
The total dollar volume of all home sales in June 2025 reached $1.15 billion, a 16.3% increase compared to the same period last year.
OREB cautions that the average sale price can be useful in establishing trends over time but should not be used as an indicator that specific properties have increased or decreased in value. The calculation of the average sale price is based on the total dollar volume of all properties sold. Prices will vary from neighbourhood to neighbourhood.
By the Numbers – Inventory & New Listings:
The number of new listings increased by 13.8% compared to June 2024, with 2,933 new residential properties added to the market. New listings were 6.6% above the five-year average.
Active residential listings totaled 4,350 units at the end of June 2025, reflecting an 11.6% increase from June 2024. Active listings were 42.6% above the five-year average.
Months of inventory remained steady at 2.7 in June 2025, relatively the same level as in June 2024. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.
*Due to the transition to PropTx, OREB is momentarily unable to provide the 10-year average. **In its classification system, the Canadian Real Estate Association (CREA) identifies townhouses under the subtypes “Att Row Townhouse” and “Condo Townhouse.”
