First Market Report for 2026!
The Ottawa Residential market continues to be a tale of 3 cities (Singles, Apartments and Townhomes). Overall, January saw a modest uptick in sales since the previous month; SFH sales were down 13.8% y/y, but prices remained the most resilient as the median Single Family home price was relatively unchanged at 750k; townhomes had the lowest months of inventory at just 3.3 months, as buyers scooped up towns with a 6.4% increase in the number of towns sold over January of 2025 but prices were down year/year to 3.4% (on a median-basis); apartments continue to struggle the most out of the three segments as prices were down 12% y/y and months of inventory for apartments is now at 6.8 months (6 months is a buyer's market). It's important to understand that specific property areas can outperform/underperform, relative to its respective asset class - for example an apartment condo's price resilience, days on market, demand, etc. can vary significantly building-to-building. Overall the Ottawa market is a healthy market, giving buyer's choice to find the right home that suits their needs.
