📊 Ottawa Housing Market Update | February 2026

Ottawa’s residential real estate market remains balanced as we move toward the spring season. Increased inventory levels are giving buyers more choice and time to make decisions, while sellers must continue to price strategically to attract attention.

While overall sales volume remains below the five-year average, demand is still present across multiple segments. Benchmark prices increased month-over-month, suggesting that pricing momentum may be starting to strengthen despite the slower winter market.

In conditions like this, strategy and timing are critical. Buyers benefit from increased selection, while sellers who prepare and price correctly continue to achieve successful outcomes.

If you are considering buying or selling this year, understanding the current market dynamics is essential.

📊 Ottawa Residential Market – February 2026

Average Sale Price: $662,773 (↓ 1.0% year-over-year)

Properties Sold: 780 (↓ 6.8% vs February 2025)

Median Days on Market: 24 days

New Listings: 1,582 (↓ 7.8%)

While overall sales remain below historical February averages, activity improved compared to January. Ottawa continues to operate in balanced market conditions, with higher inventory levels allowing buyers to take more time when evaluating properties.

Pricing remains relatively stable, with only modest year-over-year adjustments. This suggests the market is adjusting to increased supply rather than experiencing significant downward pressure. Browse available homes in Ottawa

🏡 Single-Family Homes – February 2026

Average Sale Price: $830,951 (↑ 0.6%)

Properties Sold: 358 (↓ 10.9%)

Median Days on Market: 21 days

New Listings: 772 (↓ 7.7%)

The detached housing segment remains relatively stable in Ottawa’s current market environment. Although sales volume declined year-over-year, pricing has remained steady.

Demand continues to be strongest at lower price points, where competition for listings remains relatively strong.

For sellers in this segment, accurate pricing and professional presentation remain key factors in attracting qualified buyers.

🏘 Townhouse Market – February 2026

Average Sale Price: $539,639 (↓ 7.5%)

Properties Sold: 280 (↑ 13.8%)

Median Days on Market: 24 days

New Listings: 462 (↑ 1.5%)

Townhomes were the most active segment of the Ottawa housing market in February. Sales activity increased compared to the same time last year, highlighting continued demand for this property type.

Townhomes remain particularly attractive for first-time buyers and move-up purchasers seeking affordability compared to detached homes.

Despite a modest decline in pricing, strong sales activity suggests this segment continues to experience steady buyer interest.

🏢 Apartment & Condo Market – February 2026

Average Sale Price: $428,538 (↑ 0.8%)

Properties Sold: 122 (↓ 28.2%)

Median Days on Market: 43 days

New Listings: 301 (↑ 0.8%)

The condominium market continues to adjust after a period of elevated inventory levels in late 2025. Sales volume declined year-over-year, though pricing has begun to show modest improvement month-over-month.

Buyers in this segment currently have the greatest selection, which is contributing to longer decision timelines and extended days on market.

For sellers, competitive pricing and strong marketing remain essential in order to stand out in a more competitive environment.

What This Means for Ottawa Sellers in 2026

The Ottawa real estate market continues to transition toward a more balanced environment.

Key takeaways:

• Inventory remains higher than in recent years
• Buyers have more time and negotiating flexibility
• Properly priced homes continue to sell (Find out what your home is worth)
• Strategic pricing and marketing are increasingly important

As we move toward the spring market, improving demand and easing borrowing conditions could bring increased activity across Ottawa’s housing market.

For homeowners considering selling this year, understanding hyper-local conditions — including neighbourhood trends, property type, and price range — remains critical.

If you're thinking about selling your home in Ottawa, I’d be happy to provide a detailed market analysis tailored specifically to your property and neighbourhood. (Find out what your home is worth)