Finding a real estate agent is easy. Finding an agent who truly lives and breathes the local market, and who puts your interests above all else, is a different story.

At TRU Realty, we are dedicated to building a team of professionals who share our commitment to integrity and exceptional client care. Today, we are excited to officially welcome Nicholas Dupré, REALTOR®, to our brokerage.

With over ten years of experience under his belt, Nick has seen it all in the Ottawa market. He has successfully guided clients through everything from military relocations and first-time home purchases to complex commercial investments and land development projects.

While his resume is impressive, it’s Nick’s philosophy that makes him a perfect fit for TRU Realty. He operates with a "common sense" approach, believing that clear, transparent analysis is better than a sales pitch any day. He is known for the hard work he puts in behind the scenes to ensure his clients’ goals are met.

For Nick, real estate isn’t just a 9-to-5 obligation—it’s a lifestyle. He is the type of professional who spends his free time driving through emerging neighbourhoods, always keeping a pulse on where the market is heading next. When you work with Nick, you aren't just getting an agent; you are getting a dedicated partner who loves this city and understands its potential.

We are incredibly proud to have Nicholas on our team. If you are looking for an advisor with deep experience and a straightforward approach, give Nick a call today.

Ottawa eased into a slower market rhythm in November, shaped by early winter weather and a cautious economic environment. Sales declined from October and fell below November 2024 levels. Although active listings dipped down month over month, months of inventory (MOI) rose again after tightening earlier in the fall. The market remained broadly balanced, but the data shows a tilt toward higher supply, with November’s seasonal slowdown more pronounced than usual.

Recent rate cuts offer some optimism for renewed buyer engagement through the typically quiet winter months, setting the stage for a steadier start to the new year and a more energized spring. At the same time, elevated inventory in the townhome and apartment segments warrants ongoing attention to ensure clients understand the current dynamics.

November Snapshot: Home Sales in Ottawa 

• November total sales: 880, down from 1,177 in October 2025

• 18.2% lower than November 2024

• Year-to-date sales remain 1.5% ahead of this point in 2024

• Average sale price was $680,496, up a little more than 2% compared with last year

• Year-to-date average is still holding near $700,000, 3% higher than a year ago

• Gains are largely driven by single-family sales, which continue to climb

• Single-family homes averaged at $825,827 in November 2025, up 4.8% compared to November 2024 and up 4% year-to-date

Supply Continues to Build

While inventory typically climbs in November, the increase this year is more pronounced. Active listings reached 3,721, and months of inventory rose to 4.2, which is a meaningful shift from last year’s tighter conditions. That additional choice is influencing pricing and buyer behaviour, especially across property types. Townhomes averaged $542,607 in November, down from both October and last year’s year-to-date figures. Apartments face the most supply pressure: condo MOI climbed above seven, and sales were down by more than a third year over year. Prices in this segment have held up better than townhomes on an annual basis, but the volume of available product signals a softer environment than the stable average sale price suggests.

Ottawa’s apartment market is particularly important to watch in light of Toronto’s experience. Toronto is working through one of the most significant buildups of condo inventory in recent memory, which is putting clear pressure on prices. Ottawa is not in the same position, but the increase in apartment inventory is real. REALTORS® will want to monitor this segment closely through the winter, especially if listings continue to rise faster than sales. Nearly 70% of new home starts this year are concentrated in rental and condo projects, creating a substantial pipeline of multi-unit supply coming online in the coming years. While these start influences the long-term rather than the immediate picture, they are still a key factor to watch. Toronto’s condo supply challenges emerged over several years as resale listings accumulated alongside an influx of new completions.

Residential Market Activity: Big Picture

• Total 2025 home sales to date: 13,075 increase in home sales compared to 2024:1.5%

• Average sale price in November: $680,496 

• Increase in home sale price from 2024: 2.2%. down more than 4% from October*

• Year-to-date average home price: $699,635, a 3.0% increase over the first 11 months of 2024.

• Total value of homes sold in November: $599 million (16.5% year-over-year decrease compared to 2024)

• Year-to-date sales: more than $9 billion, a significant 4.6% increase over 2024. 

• New residential listings in November: 1,458, down 39% from October but still 10% higher than November of last year

• November Active listings: 3,721, a 12% decrease from October, but 31.3% higher compared to 2024

*Prices typically decrease from October to November, and a 4% drop is notable as this is larger than usual.

This active listing indicator is trending higher than each of the past 5 years, indicating this is more than just the cyclical supply build-up associated with late fall/early winter.

Months of inventory (MOI), a key measure of supply, rose overall from 3.6 in October to 4.2, reflecting what remains a generally balanced market. Though it is worth noting that the disparity in MOI between property types.

Months of Inventory:

• Single Family: 4.0

• Townhome: 3.1

• Apartment: 7.3

Courtesy of the Ottawa Real Estate Board