Pre Construction & New Condos for sale in Ottawa

Ottawa Real Estate Market Update—April 2025

As we approach spring, Ottawa's real estate market is seeing a mix of stability in home prices and moderation in overall sales activity. Whether you're a buyer, seller, or investor, this latest data will help you make informed decisions.

Home Sales Continue to Cool

The Ottawa MLS® system sold 1,306 residential properties in April 2025, a notable 11.2% decrease from April 2024. More general trends include

• Year-to-date (Jan–Apr 2025) home sales reached 3,965 units, down 5.4% from the same period in 2024.
• Sales were 17.6% lower than the 5-year April average.
• Sales were 16.2% below the 10-year average.

What this means: The Ottawa market is seeing less activity due to rising interest rates, affordability concerns, and economic uncertainty. This creates opportunities for buyers with less competition.

Benchmark Prices Hold Steady

The MLS® Home Price Index (HPI) helps track price trends by accounting for property differences. Here's how benchmark prices looked:

While townhomes for sale in Ottawa are seeing the strongest growth, apartments in Ottawa have dipped slightly, possibly a buying opportunity.

Average Prices Remain Stable

In addition to benchmark prices, average selling prices remained relatively flat:

Insight: Despite lower sales, detached homes in Ottawa and townhomes continue to hold value, showing seller expectations remain firm.

Inventory on the Rise

Supply is growing, even as sales slow:

• New listings in April reached 2,589 — down 3.8% from April 2024.
• However, new listings were
  • 2.8% higher than the 5-year average
  • 5.6% higher than the 10-year average
• Active listings reached 4,878 — a 54.2% increase year-over-year.

Why it matters: A growing inventory means more options for buyers and a need for sellers to price strategically.

Total Dollar Volume Drops

The total dollar volume of homes sold in April was $923.6 million, down 10.8% from April 2024.

Lower volume indicates fewer high-ticket transactions and a shift toward more budget-friendly homes, like semi-detached homes in Ottawa.

What This Means for Buyers and Sellers

The Ottawa real estate market in April 2025 reflects balance. While buyer demand has cooled, prices remain stable. If you're a buyer, this may be a good time to explore:

• Pre-construction homes in Ottawa
• Detached homes in Ottawa
• Townhouses for sale in Ottawa

For sellers, this is a time to be mindful of increasing inventory and adjusting pricing strategies to stay competitive.

15+ Pre-construction Homes for Sale in Ottawa (2023)

Explore the best pre-construction homes in Ottawa with a variety of styles, including condos, townhomes, and detached homes. Prices range from $350,000 to over $934,000, depending on the location and builder.

Featured Pre-construction Projects in Ottawa

• The Sky Condos—Richcraft Homes | 845 Carling Avenue | Status: Pending
• The Spencer at Greystone—eQ Homes | From $525,000 | Status: Preconstruction
• Greenhaus Condos—Green Eagle Development Inc. | Status: Registration Open
• Anthem Condos—Minto Communities | 4005 Strandherd Drive | Status: Registration
• Copperwood Estate—Uniform Urban Development | Towns & Singles | Registration
• The Next Condos—Ashcroft Homes | Type: Condos | Status: Pending
• Monocle Condos—Ashcroft Homes | 91 Shannon Street | Type: Condos
• Maple Grove Townhomes—Landric Homes | 1869 Maple Grove Road | Type: Townhomes
• 350 Sparks Street Condos—Morguard | 350 Sparks Street
• 175 Richmond Road Condos—Claridge Homes | 175 Richmond Road
• Iron Valley—Claridge Homes | Terry Fox Dr. & Fernbank Dr.
• Crown of Stonebridge—Mattamy Homes | 3454 Greenbank Road | Townhomes
• 1620 Maple Grove Townhomes—Richcraft Homes | 1620 Maple Grove Road
• 130 Huntmar Drive—Urbandale Construction | Townhomes
• Parkside at Arcadia—Minto Communities | 280 Huntmar Drive
• Locale Condos—Mattamy Homes | 2370 10th Line Road
• Tamarack Norman Condos—Tamarack Homes | 101 Norman Street
• Kanata Lakes—Richcraft Homes | 558 Bobolink Ridge
• Blackstone—Cardel Homes | 106 Westphalian Avenue
• Riverside South Towns—Urbandale Construction | 708 River Road

Find More Nearby Pre-construction Condos

Explore new condo developments in your city:

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Looking for more? Click here to view all Ottawa new construction homes, floor plans, pricing, and availability.