Market Update: Ottawa Real Estate February 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: $830,951
Change: Up 0.6%
Single-family homes remained very stable in February. Prices increased slightly compared to last year, showing that demand for detached homes continues in Ottawa. Even though sales activity dropped to 358 homes, Buyers are still willing to pay strong prices for this type of property.
For Buyers, this segment remains competitive. Detached homes are often the most desirable option for families, and supply remains limited. For Sellers, this stability is good news. Homes priced correctly and prepared well are still attracting strong interest.
Townhomes & Row Units
Average Price:$539,639
Change: Down 7.5%
Townhomes saw the largest price adjustment this month. Prices declined compared to last year, even though sales activity actually increased to 280 homes sold in February.
This suggests that many Buyers are looking for more affordable housing options. With detached homes becoming more expensive, townhomes are a popular choice for first-time Buyers and families. Sellers in this category should pay close attention to pricing strategy because Buyers are comparing many options.
Apartments & Condos
Average Price: $428,538
Change: Up 0.8%
The condo and apartment market stayed fairly steady this February. Prices increased slightly compared to last year, even though sales dropped to 122 units sold.
This segment often attracts first-time Buyers and investors. Higher inventory and slower sales activity mean Buyers have more negotiating power right now. For Sellers, presentation and pricing play an important role to stand out from the competition.
What This Means for You
Overall, the Ottawa real estate market is shifting toward a more balanced environment. This creates opportunities on both sides of the market.
for buyers
Buyers have a bit more breathing room compared to the past few years. Inventory levels increased, and the months of inventory rose to 3.8 months, meaning there are more homes available.
This allows Buyers to explore options, compare homes, and negotiate more confidently. However, well-priced homes in desirable neighbourhoods can still move quickly, so preparation and timing remain important.
for sellers
Sellers still benefit from strong long-term property values in Ottawa. While the market has slowed slightly compared to last year, homes are still selling at 97.9% of the list price on average, which is a very strong ratio.
The key for Sellers today is strategy. Pricing correctly, preparing the home well, and marketing it effectively will make a big difference in attracting the right Buyers.
Why Work With PREMIER
At PREMIER Real Estate Group, we always focus on the numbers when helping our clients make decisions. Data tells the story of the market. It helps us determine the best timing, the right pricing strategy, and the most effective marketing approach.
We know Ottawa neighbourhoods well, but we also understand how the numbers guide the market. Market data helps us identify where opportunities are, how to position your listing, and how to help Buyers find the right home at the right price.
If you are thinking about Buying or Selling in Ottawa, reach out to our team anytime. We are always happy to share insights, provide a professional opinion, and help you understand what the numbers mean for your situation.
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For more information and personalized guidance on navigating today’s housing market, contact PREMIER Real Estate today!
