Ottawa Housing Market Outlook 2026
Ottawa Sales Pull Back While Rents Climb Fastest
According to the Ottawa Real Estate Board (OREB), for June 2026, home sales fell 4.9% year over year to 1,518 units, with every property type posting a decline, even as the average sale price rose 1.3% to $733,648.
- The MLS Home Price Index composite fell 1.3% year over year, led by a 6.0% drop for apartments, while single-family benchmarks held nearly flat, down just 0.7%.
- The sales-to-new-listings ratio sat at 48.8%, and months of inventory rose to 3.3 from 2.8 a year earlier, tilting the market slightly toward buyers.
- CMHC counts 17,212 units under construction across the region, nearly 14,000 of them apartments, while rental vacancy sits at 3.0% for purpose-built units and just 0.6% for condos.
With supply building steadily, speak with nesto mortgage experts and compare mortgage rates in Ottawa to plan your next move.
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Ottawa Housing Market Highlights
- The average selling price of a home in Ottawa decreased by 1.3% year-over-year to $632,200 in June.
- The average selling price of a single-family home in Ottawa decreased by 0.7% year-over-year to $720,000 in June.
- The average selling price of a townhouse/multiplex in Ottawa decreased by 3.9% year-over-year to $550,700 in June.
- The average selling price of a condo in Ottawa decreased by 6% year-over-year to $384,500 in June.
- The average rent in Ottawa is now $2,179 for June.
- August 19, 2026: Today’s lowest mortgage rate in Ottawa is 4.24% for a 5-year fixed.
Data from the Ottawa Real Estate Board (OREB) indicates that the average price of resale residential homes sold across Ottawa in June was $632,200, and itdecreased of 1.3% compared to a year ago.
OREB also reported a sales-to-new-listings ratio (SNLR) of 54%, indicating Balanced market conditions in Ottawa for June.
Composite Home Prices
The average selling price of a home in Ottawa was $632,200 for the month of June, that’s decreased by 0.5% month over month. On a year-over-year basis, Ottawa home prices have decreased 1.3% year-over-year.
Single-family Home Prices
The average selling price of a single-family home in Ottawa was $720,000 for the month of June, that’s decreased by 0.5% month over month. On a year-over-year basis, single-family home prices in Ottawa have decreased by 0.7% year-over-year.
Townhouse and Multiplex Prices
The average selling price of a townhouse in Ottawa was $550,700 for the month of June, that’s decreased by 1.2% month over month. On a year-over-year basis, the price of a townhouse in Ottawa has decreased by 3.9% year-over-year.
Condo Prices
The average selling price of a condo in Ottawa was $384,500 for the month of June, that’s decreased by 0.3% month over month. On a year-over-year basis, the price of a condo in Ottawa has decreased 6% year-over-year.
Transactions – Number of Sales
The number of sales in Ottawa was 1,518 during June, that’s decreased by 6.1% month over month. On a year-over-year basis, sales in Ottawa have decreased by 5.2% year-over-year.
New Listings
The number of new listings in Ottawa was 3,110 during June, that’s increased by N/A month over month. On a year-over-year basis, new listings in Ottawa have increased by 5.6% year-over-year.
Real Estate Market
The sales-to-new-listings ratio (SNLR) in Ottawa was 54% during June, indicating a Balanced. On a monthly basis, that’s increased by N/A month over month. Ottawa’s year-over-year sales-to-new-listings ratio has N/A by 0% year-over-year.
The sales-to-new-listings ratio (SNLR) measures the number of home sales compared to new listings. An SNLR below 40% suggests a buyer’s market, where buyers have the upper hand and greater negotiating power. An SNLR between 40% and 60% is a balanced market, while an SNLR of over 60% is considered a seller’s market.
Annual Changes to Composite Home Prices in Ottawa
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Ottawa Market Rents Snapshot
The average rent in Ottawa was $2,179 for the month of June.
The average rent for a 1-bedroom apartment in Ottawa was $1,956 for the month of June, which decreased by 5.3% year over year.
The average rent for a 2-bedroom apartment in Ottawa was $2,462 for the month of June, which decreased by 5.3% year over year.
Rental Price Changes by City
| Rank | City | Total Average | 1 Bedroom | 2 Bedrooms |
|---|---|---|---|---|
| 1 | North Vancouver | $3,039 | $2,588 | $3,458 |
| 2 | Vancouver | $2,686 | $2,377 | $3,255 |
| 3 | Toronto | $2,580 | $2,234 | $2,947 |
| 4 | North York | $2,565 | $2,188 | $2,743 |
| 5 | Burnaby | $2,543 | $2,159 | $2,802 |
| 6 | Coquitlam | $2,526 | $2,134 | $2,753 |
| 7 | Oakville | $2,517 | $2,198 | $2,819 |
| 8 | Kanata | $2,514 | $2,230 | $2,751 |
| 9 | Etobicoke | $2,439 | $2,094 | $2,624 |
| 10 | Halifax | $2,372 | $2,071 | $2,616 |
| 11 | Burlington | $2,370 | $2,075 | $2,448 |
| 12 | Mississauga | $2,357 | $2,052 | $2,445 |
| 13 | Vaughan | $2,319 | $2,048 | $2,580 |
| 14 | Victoria | $2,307 | $2,016 | $2,682 |
| 15 | Brampton | $2,285 | $2,001 | $2,379 |
| 16 | Langley | $2,239 | $1,899 | $2,457 |
| 17 | Ajax | $2,234 | $1,878 | $2,218 |
| 18 | Guelph | $2,217 | $1,905 | $2,280 |
| 19 | Scarborough | $2,213 | $1,872 | $2,288 |
| 20 | New Westminster | $2,190 | $1,880 | $2,656 |
| 21 | Surrey | $2,167 | $1,794 | $2,239 |
| 22 | Ottawa | $2,164 | $1,960 | $2,449 |
| 23 | Barrie | $2,155 | $1,863 | $2,108 |
| 24 | Waterloo | $2,118 | $1,915 | $2,234 |
| 25 | Kingston | $2,100 | $1,827 | $2,271 |
| 26 | Laval | $2,096 | $1,732 | $2,356 |
| 27 | Nanaimo | $2,092 | $1,835 | $2,290 |
| 28 | Kelowna | $2,091 | $1,808 | $2,248 |
| 29 | East York | $2,050 | $1,791 | $2,312 |
| 30 | Cambridge | $2,042 | $1,847 | $2,139 |
| 31 | Greater Sudbury | $2,021 | $1,708 | $2,072 |
| 32 | Oshawa | $2,002 | $1,740 | $2,017 |
| 33 | Airdrie | $1,987 | $1,441 | $1,804 |
| 34 | Peterborough | $1,977 | $1,742 | $1,957 |
| 35 | Brossard | $1,970 | $1,722 | $2,199 |
| 36 | Kamloops | $1,956 | $1,731 | $2,042 |
| 37 | Montreal | $1,941 | $1,769 | $2,255 |
| 38 | Niagara Falls | $1,940 | $1,600 | $1,980 |
| 39 | Brantford | $1,936 | $1,807 | $2,043 |
| 40 | Hamilton | $1,929 | $1,654 | $2,235 |
| 41 | London | $1,924 | $1,670 | $2,058 |
| 42 | Kitchener | $1,908 | $1,684 | $2,078 |
| 43 | Calgary | $1,883 | $1,513 | $1,847 |
| 44 | St. Catharines | $1,817 | $1,558 | $1,931 |
| 45 | Welland | $1,779 | $1,522 | $1,985 |
| 46 | Gatineau | $1,775 | $1,592 | $1,852 |
| 47 | Côte Saint-Luc | $1,704 | $1,441 | $1,997 |
| 48 | Windsor | $1,685 | $1,492 | $1,921 |
| 49 | Sarnia | $1,680 | $1,495 | $1,728 |
| 50 | Winnipeg | $1,663 | $1,463 | $1,759 |
| 51 | Edmonton | $1,617 | $1,282 | $1,638 |
| 52 | Red Deer | $1,536 | $1,293 | $1,509 |
| 53 | Lethbridge | $1,519 | $1,342 | $1,571 |
| 54 | Quebec City | $1,516 | $1,279 | $1,611 |
| 55 | Saskatoon | $1,514 | $1,310 | $1,537 |
| 56 | Regina | $1,444 | $1,300 | $1,540 |
| 57 | Fort McMurray | $1,412 | $1,221 | $1,426 |
| 58 | Medicine Hat | $1,359 | $1,237 | $1,380 |
| 59 | Lloydminster | $1,348 | $1,072 | $1,386 |
| 60 | St. John's | $1,215 | $1,105 | $1,314 |
Source: Rentals.ca Network Data & Urbanation Inc.
Rental Price Changes by Province
Rental Price Growth by Housing Type
How Does Renting Compare with Homeownership in Ottawa?
Each $100,000 in mortgage balance costs an average of $530.91 per month on nesto’s lowest fixed 5-year rate at 4.24% and $495.28 per month on nesto’s lowest adjustable 5-year rate at 3.45%.
For each $100,000 in mortgage balance, a 0.25% change in Canada’s policy rate impacts the monthly payment by $13.42. The rates used for calculation are those offered for insured purchases with less than a 20% downpayment and a 25-year amortization. Canada’s policy rate is 2.25%, and nesto’s prime rate is set to 4.45%.
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Frequently Asked Questions (FAQ) About the Ottawa Housing Market Outlook for 2026
Why are Ottawa home prices expected to rise in 2026?
Ottawa home prices are expected to rise in 2026 due to stable government-driven employment, consistent population growth, and limited housing supply
Is Ottawa more insulated from national housing volatility?
Yes, Ottawa’s government-driven employment provides a steadier demand base, supporting price stability even during national slowdowns.
Are first-time buyers returning to Ottawa’s housing market?
First-time homebuyers are gradually returning to Ottawa’s housing market in 2026 as confidence improves and price growth remains controlled.
How tight is housing supply in Ottawa right now?
Entry-level housing supply in Ottawa remains tight, limiting downward pressure on home prices.
What is Ottawa’s most significant housing constraint in 2026?
Housing affordability relative to local incomes remains Ottawa’s most significant housing constraint in 2026.
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