Monica & Chris Hollands' Home Trends

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Ottawa’s Housing Market Shows Early Signs of Transition as Winter Activity Remains Subdued

AVERAGE PRICE Single Family $830,951

AVERAGE PRICE Apartment $428,538

SOLD LISTINGS Overall 780

NEW LISTINGS Overall 1,582

Ottawa, March 2026 — Ottawa’s residential market continued its winter slowdown in February, with overall sales remaining well below the five-year average of 990 transactions for the month. The slowdown, however, is not uniform across segments. Average condo apartment prices rose month over month while inventory measures eased. Townhomes saw the most turnover of any segment, with sales activity running stronger than typical February levels even as rising inventory placed downward pressure on prices. The single-family market remained comparatively stable. “Benchmark prices moved higher in February across every segment, and demand remained active where affordability allows, creating a more balanced environment,” said Tami Eades, President of the Ottawa Real Estate Board. “Buyers are gaining a little more breathing room to make thoughtful decisions, while sellers continue to see consistent momentum. The conditions that kept many buyers cautious over the past year are gradually shifting.” In February, 780 residential properties sold in Ottawa, down 6.8% from February 2025. Pricing trends reflected this environment. The average residential sale price in February was $662,773, down 1.0% year over year, while the median price declined 3.1% to $615,450. New listings in February totalled 1,582, while active listings reached 2,928 units at month end, an increase of 11.1% year over year. 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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