Ottawa Real Estate Market Report
Executive Summary
The Ottawa, Ontario real estate market is currently classified as a balanced market. The MLS composite benchmark price is $615K, down 1.3% year-over-year.
There are currently 3,658 active listings, representing 3.8 months of inventory. According to Ottawa Real Estate Board, there were 780 sales and 1,582 new listings in Invalid Date. Inventory has increased 118.6% compared to last month.
Currently, listings spend an average of 37 days on market and the average price per square foot is $651.
Board Data vs Our Listings
| Metric | Ottawa Real Estate Board | Our Listings |
|---|---|---|
| Benchmark / Median Price | $615K | $658K |
| Average Price | $663K | $836K |
| Active Listings | 2,928 | 3,658 |
| Detached Benchmark | $693K | $947K |
| Townhouse Benchmark | $561K | $453K |
| Apartment Benchmark | $386K | $453K |
Detached properties make up the largest share of the Ottawa market at 63% of active listings with an average price of $947K. Condo listings follow at 37% (avg $453K).
Sales Activity & Absorption
Volume
Market Signals
Ottawa Real Estate Board reported 780 sales this period, 1985 new listings appeared in the past month.
Ottawa Real Estate Board Monthly Report
The number of homes sold in Ottawa totaled 780 units in February 2026. This was down by 6.8% from February 2025.
Home sales were 13.8% below the five-year average and 17.6% below the 10-year average for the month of February.
On a year-to-date basis, home sales totaled 1,390 units over the first two months of the year. This was a decrease of 6.3% from the same period in 2025.
The MLS® Home Price Index (HPI) tracks price trends far more accurately than is possible using average or median price measures. The overall MLS® HPI composite benchmark price was $615,400 in February 2026, down modestly by 1.3% compared to February 2025.
The benchmark price for single-family homes was $693,200, a minor decrease of 1.2% on a year-over-year basis in February. By comparison, the benchmark price for townhouse/row units was $560,700, a small reduction of 3.4% compared to a year earlier, while the benchmark apartment price was $385,500, falling by 2.7% from year-ago levels.
The average price of homes sold in February 2026 was $662,773, a small reduction of 1% from February 2025.
The more comprehensive year-to-date average price was $653,586, decreasing by 2.5% from the first two months of 2025.
OREB cautions that the average sale price can be useful in establishing trends over time but should not be used as an indicator that specific properties have increased or decreased in value. The calculation of the average sale price is based on the total dollar volume of all properties sold. Price will vary from neighbourhood to neighbourhood.
The dollar value of all home sales in February 2026 was $517 million, a decline of 7.8% from the same month in 2025.
The number of new listings was down by 7.8% from February 2025. There were 1,582 new residential listings in February 2026.
New listings were 3.2% above the five-year average and 4.5% above the 10-year average for the month of February.
Active residential listings numbered 2,928 units on the market at the end of February, an increase of 11.1% from the end of February 2025. Active listings haven’t been this high in the month of February in more than five years.
Active listings were 39.8% above the five-year average and 35.7% above the 10-year average for the month of February.
Months of inventory numbered 3.8 at the end of February 2026, up from the 3.1 months recorded at the end of February 2025 and above the long-run average of 2.4 months for this time of year. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.
Source: Ottawa Real Estate Board, Invalid Date
Market Balance
Months of Inventory
Demand moderately exceeds supply — conditions favor sellers.
High absorption relative to inventory — tight market.
With only 3.8 months of inventory, the market is supply-constrained. Buyers should be prepared for competition, and sellers can expect strong interest.
Neighborhoods
| Area | Listings | Avg Price |
|---|---|---|
| Stittsville | 10 | $812K |
| Centretown | 10 | $803K |
| Manotick | 9 | $1.6M |
| Vanier South | 5 | $1.3M |
| West Centretown | 5 | $574K |
| Greely | 5 | $1.3M |
| Sandy Hill | 5 | $790K |
| Dunrobin | 5 | $1.1M |
Interest Rates & Affordability
Current Rates
Lower rates increase purchasing power. The Bank of Canada sets the policy rate which influences prime rates across lenders.
Estimated Monthly Payment
This is an estimate only. Actual rates and payments will vary based on your credit profile, lender, and mortgage terms.
Market Outlook
The market is relatively balanced between buyers and sellers. The Ottawa market currently has 3,658 active listings with a median price of $658K and 3.8 months of inventory.
According to Ottawa Real Estate Board, the composite benchmark price is $615K (-1.3% year-over-year). There were 780 sales recorded, with a sales-to-active listings ratio of 26.6%. This indicates a seller's market where demand outpaces supply.
- Prices declining (-25.9% in 30 days)
- Low price reduction rate (0% of listings)
- Low sell-through rate (49%)
- Average price per square foot is $651
Data sourced from CREA DDF® active and sold listings. Metrics computed from listing data updated daily, with board statistics from Ottawa Real Estate Board. Prepared by Dan Braun with AI assistance, reviewed by our team.
Market data is calculated from active and recently sold MLS listings as of April 12, 2026. Past performance does not guarantee future results. Consult a real estate professional for specific advice.
Data provided by CREA DDF. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA). Information deemed reliable but not guaranteed.