Courtesy of Eric Manherz

Top 2% of 18,000 agents in Canada

Eric’s Corner

February, 2026

As I write this, it appears that the Ottawa market has been pretty slow this January. With roughly 350 new listings and a similar number of sales, inventory isn't expanding, and prices are still pretty steady. Normally, during the year, we would see 500 or so new listings a week. There is lots of turmoil afoot with the trade wars and tariff threats. No one knows whether interest rates will move, though the consensus is that they will remain unchanged in the near future. And there is additional uncertainty in Ottawa, with many public servants receiving letters indicating that their jobs might be subject to the federal government plans to reduce their workforce. Uncertainty always slows the market down somewhat. However, it is expected that 2026 overall will be a pretty good year for real estate in the end, but it is too early to tell much at this point. If you want details on your particular situation don’t hesitate to reach out!