Monica & Chris Hollands' Home Trends

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SEASONAL ACTIVITY IMPROVES, BUT OTTAWA’S MAY MARKET REMAINS CAUTIOUS

SOLD LISTINGS Overall 1,616

NEW LISTINGS Overall 3,351

AVERAGE PRICE Single Family $868,968

AVERAGE PRICE Apartment $433,165

Ottawa, ON (June 2026) — Ottawa’s housing market remained balanced in May, with activity improving from April but continuing to trail last year’s spring pace. A total of 1,616 homes sold in May, up from 1,336 in April, reflecting the typical lift as the spring market progressed. However, sales were down 10.6% compared to May 2025. These slower sales are becoming a theme thus far in 2026, even as the market remains active. “The Ottawa market is not moving in one direction across all property types,” says OREB President Tami Eades. “May brought the seasonal increase in activity we typically expect to see in Ottawa’s housing market, but sales continue to trail last year’s pace. While economic uncertainty continues to influence consumer confidence, the key question moving into the summer market will be whether demand continues to keep pace with supply. The market remains active, but inventory levels, employment trends, and buyer confidence will all play an important role in shaping the months ahead.” The sales-to-new-listings ratio rose to 48.2%, while months of inventory eased to 3.0, indicating demand kept better pace with new supply than it did in April. Active listings remained elevated at 4,917, keeping pressure on sellers to price strategically. Average prices across market segments were mixed, though overall pricing remained relatively stable. Single-family home pricing was flat year over year, while average prices for townhomes and apartments saw modest declines. Overall pricing was less than one percentage point below last year’s level, indicating continued market stability. The average residential sale price was $721,270 in May, relatively flat at 0.9% below May 2025. Source: Ottawa Real Estate Board | Market values stated are of the average of Ottawa and surrounding region. Individual home market values will vary and are affected by factors such as location, size, interior and exterior condition. Please call to get an up-to-date evaluation of your home.

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