July Market Stats are out! No one living in Ottawa needs a reminder that we're in the dog days of summer - hopefully your AC is working!

Late July typically experiences a summer-lull as buyers and sellers go away on holidays and are pre-occupied with other family commitments.

The summer slowdown has brought an increased level of inventory with 4205 active listings on the market, an increase of 14% over 2024, further demonstrated by the increase in months of inventory now at 3.2 (right in the middle of a balanced market) and the highest since 2017 (months of inventory in July were 3.3). The sales activity is relatively strong, as July had the highest number of sales since 2021, with prices remaining resilient - SFH (Single Family) up 2% y/y, apartments dropping 1.6% y/y and townhomes representing the biggest increase by far with an 8.3% increase y/y. As always, specific properties even within each segment, can perform quite differently based on a number of factors (specific location/build, builder, condition, amenities, etc.) and it's important to look at market aggregates as a representative of the market as a whole, and not for evaluating specific properties.