Ottawa Real Estate Board Reports July 2026 Market Trends: Sales Up Slightly Amid Increased Inventory

Ottawa Real Estate Board — July 2026

In July 2026, the Ottawa real estate market recorded 1,325 home sales, a slight increase of 0.2% from the previous year. The composite benchmark price stands at $634,000, reflecting a year-over-year decrease of 0.5%. Active listings have surged to 4,678, marking a significant rise in available inventory.

Market Analysis

The Ottawa real estate market in July 2026 demonstrates a complex interplay between supply and demand. With 1,325 homes sold, this figure is notably 10.8% above the five-year average for July, indicating a robust demand relative to historical trends. However, the year-to-date sales total of 8,288 units reflects a 5.2% decline compared to the same period in 2025, suggesting a potential cooling in buyer activity as the year progresses. The increase in active listings to 4,678 units, which is 9.3% higher than July 2025, indicates that sellers are responding to market conditions by listing more properties, contributing to a more balanced market environment where buyers have greater choices.

Property Type Analysis

When examining the performance of different property types, the benchmark price for detached homes is $725,000, showing a modest increase of 0.7% year-over-year. In contrast, the townhouse/row unit benchmark price has decreased by 5.1% to $542,500, while apartments have seen a decline of 5.2%, bringing their benchmark price to $385,500. This divergence in price trends suggests that while detached homes remain relatively stable, the demand for townhouses and apartments may be waning, reflecting changing buyer preferences and market dynamics.

Regional Highlights

Regionally, the Ottawa market is experiencing a significant increase in active listings, which are now 29.5% above the five-year average and 44.5% above the 10-year average for July. This trend points to a potential shift in market conditions, as buyers may benefit from a wider selection of homes. The months of inventory has risen to 3.5, up from 3.2 in July 2025, indicating that the market is moving towards a more balanced state, although it still favors sellers at this time.

For Buyers

For buyers navigating the Ottawa real estate market, the current increase in active listings provides a valuable opportunity to explore a wider range of properties. It is advisable for buyers to conduct thorough research on neighborhood trends and property values, as the average sale price may not fully reflect the value of specific homes. Engaging with a knowledgeable real estate agent can help buyers identify properties that meet their needs and budget.

For Sellers

Sellers should take advantage of the current market conditions, which still favor them despite the increase in inventory. With active listings at a decade-high, it is essential for sellers to price their homes competitively and present them well to attract potential buyers. Working with a real estate professional can provide insights into effective marketing strategies and pricing adjustments to maximize the sale potential.