Market Update: Ottawa Real Estate April 2026
What Happened This February: What It Means for Buyers and Sellers
The Ottawa real estate market in February 2026 showed a small shift compared to February 2025. Activity slowed slightly, and inventory increased a bit. However, the market is still active and balanced, giving opportunities for both Buyers and Sellers. According to the Ottawa Real Estate Board report, 780 homes sold in February, which is 6.8% lower than last year.
We also saw 1,582 new listings, a 7.8% decrease compared to February 2025, while the number of active listings increased to 2,928 homes. This increase in inventory pushed the months of inventory up to 3.8 months, compared to 3.1 months last year.
What does this mean? Ottawa is moving toward a more balanced real estate market. Buyers have a bit more choice than last year, while Sellers still benefit from strong long-term price stability. The average home price in Ottawa was $662,773, only 1.0% lower than February 2025, showing that prices remain relatively stable overall.
Several factors are shaping the market right now. Interest rates remain an important factor, and some Buyers are taking more time to make decisions. At the same time, many Sellers are still confident listing their homes because Ottawa remains a strong and stable real estate market compared to many cities in Canada.
Ottawa Real Estate Market Home Prices at a Glance
To better understand the Ottawa real estate market, it helps to look at each housing segment separately. Different property types are behaving slightly differently this year. Below is a breakdown of average sale prices in February 2026 compared to February 2025.
Single-Family Homes
Average Price: $862,916
Change: -0.1%
Single-family homes remained relatively steady in April 2026. Prices only dipped slightly year-over-year, which shows continued demand for detached homes across Ottawa. While the market has slowed compared to the peak years, Buyers are still willing to pay strong prices for updated homes in desirable communities with good layouts, outdoor space, and family-friendly locations.
Inventory for single-family homes increased noticeably, with new listings rising 21.8% and active listings up 12.3% compared to last year. That increase gives Buyers more flexibility and reduces some of the bidding-war pressure we saw in previous years. Sellers can still achieve excellent results, but accurate pricing and strong marketing have become more important as Buyers now have more homes to compare before making decisions.
Townhomes & Row Units
Average Price:$556,172
Change: -3.8%
Townhomes and row units experienced a larger price adjustment this April. The average sale price dropped 3.8% compared to April 2025, while active listings jumped by 35.6%. This segment has become much more competitive for Sellers as more inventory continues entering the market.
For Buyers, this creates opportunities. Townhomes remain one of Ottawa’s most popular entry points into homeownership, especially for first-time Buyers and growing families. With more listings available and prices softening slightly, Buyers now have more room to negotiate and compare different neighbourhoods and layouts. Sellers still benefit from steady demand, but homes that are priced aggressively and presented properly are standing out the most in today’s market.
Apartments & Condos
Average Price: $425,935
Change: 1.3%
Ottawa’s apartment and condo market continued to move at a slower pace in April 2026. Condo inventory increased while sales activity decreased compared to last year. The market now sits at 4.9 months of inventory for apartments, giving Buyers considerably more selection than they had during the tighter markets of previous years.
For Buyers, this segment currently offers some of the best value opportunities in Ottawa real estate. Buyers can take more time reviewing buildings, condo fees, amenities, and locations before making decisions. For Sellers, realistic pricing and unit presentation are extremely important right now. Updated units with strong layouts, parking, and desirable amenities are still attracting solid interest, especially in convenient urban locations close to transit, shopping, and downtown Ottawa.
More Ottawa Real Estate Market Numbers Worth Watching
Beyond pricing, several market trends stood out in April 2026:
- New Listings: 3,258 homes entered the market, up 19.3% year-over-year.
- Active Listings: 4,535 homes available, up 17.2% compared to April 2025.
- Homes Sold: 1,336 residential properties sold in April.
- Months of Inventory: Increased from 2.8 to 3.4 months.
- Median Days on Market: Increased to 21 days, showing homes are taking slightly longer to sell.
Overall, Ottawa continues moving toward a healthier and more balanced real estate market. Buyers finally have more breathing room, while Sellers still benefit from long-term price stability and strong demand across many neighbourhoods.
What This Means for You
Whether you are planning to buy, sell, invest, or simply watch the market, Ottawa’s April 2026 numbers offer important insights into where the market is heading.
for buyers
Buyers now have more choices and slightly more negotiating power compared to previous years. Inventory growth across detached homes, townhomes, and condos means less pressure to rush into decisions. This gives Buyers more time to compare homes, review finances carefully, and focus on long-term value instead of reacting quickly during multiple-offer situations.
At the same time, Ottawa remains a stable long-term market. Well-priced homes in strong neighbourhoods continue selling, especially properties that are updated and move-in ready. Buyers who stay informed and understand local market trends can take advantage of opportunities while competition remains calmer than recent years.
for sellers
Sellers can still achieve excellent results in Ottawa, but strategy matters more today than it did during the peak market years. Buyers are becoming more selective, and increased inventory means homes now compete harder for attention online and in person.
Professional marketing, accurate pricing, strong photography, staging, and neighbourhood positioning all play major roles in helping listings stand out. Sellers who understand the numbers and adapt to current conditions are still selling successfully across Ottawa’s many communities.
Why Work With PREMIER
At PREMIER Real Estate Group, we always focus heavily on the numbers when building marketing strategies for Sellers or helping Buyers search for the right home. Ottawa real estate changes neighbourhood by neighbourhood, property type by property type, and month by month. Understanding the statistics helps us guide our clients with confidence and clarity.
Market data helps define timing, pricing strategy, negotiation opportunities, and even which communities may offer the strongest value at certain moments. Numbers are one of the most powerful tools in real estate, but understanding how to apply them properly is what truly makes the difference.
Whether you are thinking about buying, selling, upgrading, downsizing, or simply exploring your options, our team is always happy to share insights, answer questions, and help you understand what today’s Ottawa real estate market means for your goals.
Stay Updated on Real Estate Trends
For more information and personalized guidance on navigating today’s housing market, contact PREMIER Real Estate today!
