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Ottawa Housing Market Report
- The average home sale price in Ottawa's housing market increased by 1.5% year-over-year and by 1.7% month-over-month to $733,648 in June 2026.
- The composite benchmark price of a home in Ottawa was $632,200, decreasing 1.3% from June 2025 and decreasing 0.5% from last month.
- Home sales totalled 1,518 in June 2026, down 6.1% from May and 5.2% below June 2025, while active listings rose 14.5% year-over-year to 4,982 and months of supply increased to 3.3.
- Single-family home average price increased by 1% year-over-year to $880k.
- Townhouse average price decreased by 2.9% year-over-year to $555k.
- Apartment average price increased by 3.2% year-over-year to $432k.
Ottawa Housing Market Overview
Ottawa Housing Market: Price Movements for June 2026
Benchmark Home Price | $632,200 | -0.5% 1-Month Change | -1.3% 1-Year Change |
Average Home Price | $733,648 | +1.7% 1-Month Change | +1.5% 1-Year Change |
Median Home Price | $655,000 | -0.8% 1-Month Change | -1.3% 1-Year Change |
Note: The MLS HPI benchmark price represents the value of a ‘typical’ home in the area.
Ottawa's housing market cooled from its spring peak in June 2026, with fewer sales but a firmer average price than a year ago. Sales slipped 6.1% from May to 1,518 transactions, and while the average price edged higher, both the benchmark and median prices softened month-over-month. Annual signals were mixed: sales were down 5.2%, yet the average price was up 1.5%, and new listings ran higher than in June 2025. With active listings climbing to 4,982 and months of supply rising to 3.3 months, Ottawa stayed firmly in balanced territory and continued to tilt gradually toward buyers.
Home Prices
In June 2026, the average home price in Ottawa's housing market increased by 1.7% from the previous month to $733,648. The price reflects an annual increase of 1.5%.
Meanwhile, the composite benchmark price of $632,200 in June 2026 was 1.3% lower than last year and 0.5% lower than in May. The benchmark price represents the estimated value of a typical home in Ottawa and is useful for tracking market trends because it is less affected by unusually high or low-priced sales than the average price. It is also noteworthy that the benchmark home price in Ottawa has risen by only about 2.7% over the past five years.
The median price represents the midpoint of all home sales, meaning half of the homes sold for more and half sold for less. In June 2026, the median price was $655,000, down 1.3% year-over-year and down 0.8% month-over-month.
Sales and Inventory
The 1,518 sales in June 2026 were 5.2% lower than in June 2025 and 6.1% lower than last month. New listings decreased by 7.2% from May, bringing the total to 3,110 new listings in June. New listings were 5.6% higher than in June 2025.
The sales-to-new-listings ratio (SNLR) edged up from 48.2% in May to 48.8% in June 2026. For reference, an SNLR of less than 40% indicates that the market favours buyers. An SNLR of 40% to 60% typically indicates that the market is balanced and doesn't tip in favour of sellers or buyers. When the SNLR exceeds 60%, the market is considered to favour sellers.
Another indicator of market conditions is months of inventory, which was 3.3 months in June 2026, up from May's 3.0 months. At this level, the market is considered balanced. Generally, a balanced market has three to five months of inventory, while less than three months signals a seller's market and more than five months indicates a buyer's market.
The market had 4,982 active listings, a 14.5% increase compared to last June and 1.3% higher than last month.
Additional Ratios
The sales-to-list price ratio in June 2026 was 98.5%, indicating that homes sold 1.5% below the listing price on average.
The median days on the market, representing the time listed properties remained available, was 22 days, up from 20 days in May 2026.
Property Types' Analysis
Looking at the different property types in Ottawa:
Single-family homes had an average price of $880,467, increasing by 1.3% monthly and increasing 1.0% annually. Sales of single-family homes reached 879, down 2.8% from May and down 1.8% year-over-year.
The average price of townhouses sold was $554,990, down 1.5% from last month and down 2.9% annually. Townhouse sales reached 429, down 10.8% monthly and down 8.1% annually.
The average price for apartments in June 2026 was $432,199, down 0.2% from May and up 3.2% from June 2025. Apartment sales reached 178, down 12.3% month-over-month and down 14.0% from June 2025.
Reasoning
Ottawa's June results show a market past its spring high point, with slower sales but resilient average pricing. The month-over-month decline in sales suggests demand eased as the busiest part of the spring season wound down, yet the SNLR holding near 48.8% shows listings were still being absorbed at a steady, balanced pace. Annual sales stayed below last year's level, pointing to demand that remains subdued even as the average price holds up.
Borrowing conditions were more stable than during the rate-hike period of 2022 to 2024, with the Bank of Canada continuing to take a cautious approach to interest rates. That stability has kept some buyers engaged, but mortgage rates were still high enough to keep affordability constrained. Ottawa's government-oriented employment base continued to provide a demand floor, but the market was not immune to broader economic uncertainty and cautious household budgets.
At the same time, inventory kept expanding. Active listings rose to 4,982, up sharply from a year earlier, giving buyers noticeably more choice than in June 2025. The combination of a 48.8% SNLR, 3.3 months of supply, and a 98.5% sales-to-list price ratio points to a balanced market where well-priced homes still sell, but overpricing carries real risk as properties are trading below asking and taking a little longer to move.
Comparison
Ottawa's housing market remains much more affordable than Vancouver's housing market and Toronto's housing market. Ottawa's average home price was $733,648 in June 2026, compared with Vancouver's average price of $1,249,154 and Toronto's average price of $1,058,658.
Ottawa's housing market is more expensive than the Calgary housing market, where the city-wide average price was $669,519 in June 2026. Compared with Montreal's housing market, Ottawa's average home price of $733,648 was higher than Montreal's June 2026 average home price of $689,908. However, Ottawa remains far more affordable than Canada's most expensive major markets.
As most homes in Ottawa are well below the $1.5 million mark, they are eligible for a minimum down payment of 5% to 10% with CMHC insurance, allowing more buyers to compete for the inventory.
Terms and conditions apply; rates are per annum and subject to change without notice. Eligible for CDIC deposit insurance. Non-Registered rates are tiered and based on your balance. 3.00% applies to deposits of $25,000 or more. See WealthONE website for current rates and applicable balance tiers. Highest rate in Canada for non-promotional HISA accounts, as confirmed by WOWA.ca as of June 25, 2026.
Home Prices in Ottawa
Ottawa Housing Market Statistics for All Property Types in June 2026
Average Sold Price and MLS HPI Benchmark Price
Total Transactions
Property Type Distribution
Market Overview for Single Family Homes in June 2026
Average Sold Price
Transactions
Market Overview for Townhouses in June 2026
Average Sold Price
Transactions
Market Overview for Apartments in June 2026
Average Sold Price
Transactions
Glossary and Definitions
MLS® Home Price Index (HPI): Developed by the Canadian Real Estate Association (CREA), the MLS® HPI is the most advanced tool for tracking price trends in the Canadian housing market. Rather than using simple average prices, which can be skewed by the mix of homes sold in a given month, the HPI tracks the value of a "Benchmark Home"—a property with typical attributes for its specific neighborhood. This allows for an accurate "apples-to-apples" comparison of home values across different regions and time periods, independent of a property's specific features or seasonal volatility. To ensure the index remains relevant, CREA performs an annual review every May to account for evolving market dynamics.
MLS® HPI Benchmark Price: This is the dollar value assigned to a "typical" home in a specific neighborhood. While the HPI itself is an index number used to track trends, the Benchmark Price translates that data into a real-world dollar figure, representing what a standard home with average features (like square footage, rooms, and lot size) would likely sell for in today's market.
Property types
Detached home: A detached home is your standard single-family home. It is a residential building that stands alone and is separately titled or legally a single unit.
Semi-detached home: A semi-detached home is similar to a detached home, except it shares a wall with another home. This pair of homes must make up an independent building and each should be separately titled or legally two separate units. There can only be two homes in a semi-detached building.
Townhouses: A townhouse is the middle between a detached/semi-detached home and a condo apartment. Like detached and semi-detached homes, they are often single-family units that have their own land and may be attached to other units. However, like condo apartments, they typically have to pay co-ownership fees for maintenance and may share some common features with their neighbors.
Condo apartment: This category includes all apartments and condominiums. These are complexes of residential units with common areas such as hallways, parking lots, stairwells, etc. They can be low-rise, mid-rise, or high-rise buildings. Unlike townhouses, there are no parts of the lot (the land of the building) where access is reserved for only one owner or occupant. There can be privately owned units and spaces inside the building.
Property Classes
Freeholds: A freehold is any property where the owner owns both the house and the land it is built on. Common freehold property types include: detached, semi-detached, some townhouses, and farmland.
Condominiums: A condominium or condo is any property where the owner owns the home (or unit) but shares ownership of the land and other improvements with a condominium corporation. Common condominium property types include condo apartments and some townhouses.
Leasehold: Leasehold describes the situation where different entities own the land and the structure built on the land. Owners of the buildings have leased the land and pay rent to their landlord while owning the building on the land.
Housing Markets Across Canada
Data sourced from the Ottawa Real Estate Board (OREB) and the Canadian Real Estate Association (CREA). Any analysis or commentary is the opinion of the analysts at WOWA.ca and should not be construed as investment advice. Please consult a licensed real estate professional before making a real estate investment decision. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
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- Interest rates are sourced from financial institutions' websites or provided to us directly. Real estate data is sourced from the Canadian Real Estate Association (CREA) and regional boards' websites and documents.
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