Jun 2026
Average Price
$609,168
Buyer demand hit its peak during the pandemic (mid 2021 to early 2022), and sales volumes reached their highest levels, averaging around 200 to 600 units. However, once the pandemic ended, rising interest rates made affordability a major concern, causing buyer demand to cool. Even today, although sales are no longer falling consistently, they have levelled off and continue to remain well below the pandemic highs. Inventory, on the other hand, painted a completely different picture. During the pandemic, supply was at its tightest because homes were selling almost as quickly as they were listed, keeping available inventory low despite a steady flow of new listings. Fast forward to today, and slower sales are giving listings more time on the market, leading to a noticeable build-up in inventory. Finally, Oshawa real estate trends show that new listings are still following their usual seasonal pattern. More homes hit the market during the warmer months, while colder months prompt many sellers to hit the pause button on their selling plans.
Low interest rates and steady economic conditions kept demand strong in the Oshawa housing market. Home sales generally stayed between 200 and 410 transactions. At the same time, active listings remained relatively limited, mostly ranging from about 540 to 900 homes.
The introduction of the Ontario Fair Housing Plan, stricter mortgage qualification rules, and growing affordability concerns made many buyers more cautious. Transaction volumes generally ranged from 120 to 300 units, noticeably lower than during the previous stage. Meanwhile, housing inventory increased considerably, usually sitting between 910 and 1,700 homes.
According to the Oshawa housing report, the number of homes sold generally ranged from 150 to 430 transactions. At the same time, the available homes on the market gradually fell from around 1,400 properties in mid-2018 to nearly 600 by the end of 2020.
Record-low interest rates, changing lifestyle preferences, and strong demand for suburban housing pushed Oshawa into one of its busiest periods. Sales volumes regularly ranged from 200 to 600 transactions, while available inventory remained relatively limited considering the high level of buyer demand.
Rapid interest rate increases significantly reduced purchasing power, causing many buyers to put their buying plans on hold and lowering overall housing demand across Oshawa. Sales activity generally ranged from 100 to 310 transactions. Meanwhile, the number of homes available for sale also stayed below the earlier peak, typically ranging from about 470 to 950 properties.
Transaction volumes are generally ranging from 120 to 270 units, showing that demand appears to be gradually improving in the housing market in Oshawa, although it is still remaining below the post-pandemic peak. Meanwhile, housing inventory is increasing steadily, mostly ranging from 550 to over 1,400 units.
The market remained firmly in seller’s favour, with absorption rates mostly staying above 80%.
Absorption rates generally stayed between 35% and 60%, indicating that supply and demand were largely balanced.
Absorption rates rose above 60% and stayed elevated until March 2022. Many months recorded absorption rates between 70% and 100%, highlighting highly competitive market conditions.
Absorption rates generally ranged from 45% to 70%, keeping the market within balanced conditions overall.
During some months, absorption rates nearly reached 60%, but overall, market conditions remained fairly balanced.
Based on the latest Oshawa real estate trends, absorption rates are remaining below 45% for most months, signalling that the market is gradually favouring buyers. Because of this, buyers are getting more time to compare multiple properties, negotiate on price or conditions, and avoid rushing into a purchase. Meanwhile, sellers are having to be more realistic with their asking prices, make their homes as appealing as possible, and stay open to buyer negotiations.
Source: Based on analysis of historical information made available from respective real estate boards.
Detached and semi-detached houses made up the largest share of home sales. A total of 20,315 detached homes and 3,288 semi-detached homes changed hands. Detached properties recorded the highest average selling price at $737.82K, while semi-detached homes averaged $572.28K.
Freehold townhouses recorded 2,111 sales with an average price of $631.65K, while condo townhouses posted 2,440 sales and averaged $477.38K.
Oshawa real estate trends show condo apartments recorded the fewest sales, with 1,261 transactions and the lowest average price of $361.41K.
While Oshawa’s broader housing market continues showing a modest upward trend, the rental market, however, is heading the opposite way. Currently, Oshawa rental prices are down 29.75% year-over-year and 24.41% year-to-date, reflecting softer market conditions.
Leasing activity remained steady, with between 40 and 100 homes being leased in most months. At the same time, average monthly rents climbed from approximately $1,450 to nearly $1,800.
Health restrictions and changing employment conditions during the pandemic temporarily slowed rental activity. The number of lease transactions generally ranged from 50 to 80 units. Rental house prices in Oshawa, meanwhile, became more inconsistent, falling below earlier highs before gradually rising again as economic activity resumed.
Rental demand picked up across Oshawa, pushing the number of leased homes to around 80 to 180 units. At the same time, stronger competition among tenants helped keep average monthly rents mostly between $2,100 and $2,400.
Leasing activity continued at a strong pace, with monthly leased homes commonly ranging from 100 to 230 properties. Meanwhile, rental home prices in Oshawa largely stayed between about $2,300 and 2,500.
Leasing activity continued at a healthy pace, with between 115 and 195 homes leased each month. The rental house price in Oshawa eased slightly, generally ranging from about $2,190 to $2,300.
Oshawa housing prices have remained one of the most affordable across the Greater Toronto Area (GTA) for much of the past decade. But affordability is only part of the story. Another standout feature of this market has been its steady long-term price growth. A growing population, excellent commuter access, a strengthening local economy, and ongoing transit improvements have all helped drive the housing market’s long-term growth. Over the past ten years, Oshawa house prices have climbed by an impressive 131.2%. Now, in recent years, the market has been transitioning toward more balanced conditions following the pandemic boom. A look at the numbers makes this clear. During the pandemic surge, from 2021 to mid 2022, homes were selling in an average of 5 to 18 days. Fast forward to 2025 to mid-2026, homes are taking around 20 to 45 days to sell, highlighting the clear shift toward a more balanced and buyer-friendly market.
Low interest rates and favourable economic conditions encouraged more buyers to enter the real estate market in Oshawa. As demand gathered pace, the average house price in Oshawa climbed from about $350K to $500K. Homes also changed hands very quickly, typically selling within 10-24 days.
The Ontario Fair Housing Plan, along with stricter mortgage qualification rules, slowed buyer activity and brought the market to a steadier pace. Throughout this period, the Oshawa average house price generally ranged between $400K and $460K. Homes also stayed on the market for around 15-30 days, longer than in the previous phase.
Historically low interest rates, changing housing preferences during the pandemic, and buyers leaving Toronto for more affordable housing fuelled a surge in demand across the housing market in Oshawa. House prices in Oshawa, Ontario jumped from roughly $450K to over $900K in less than two years. During this stretch, homes were also snapped up in just 6-18 days on average.
Rapid interest rate hikes by the Bank of Canada significantly reduced affordability, prompting many buyers to press pause on their home-buying plans. With demand cooling, house prices eased from about $900K in early 2022 to around $700K by the end of the year.
Interest rates have stabilised compared to the sharp increases seen during late 2022 to 2023, but they still remain well above pandemic levels and are continuing to influence purchase decisions. However, Oshawa’s relative affordability is helping prevent a much larger price correction. Oshawa home prices are generally remaining between $610K and $820K, while homes are spending about 15-45 days on the market.
