The market is quite interesting! Coming off an extremely slow winter and stagnant January of this year, February is the leading indicator toward a brisk spring market. Despite the # of active listings at the end of February 2026 being 11% higher than February of last year, the lack of new properties coming to market and renewed buyer appetite has reversed the overall several-month uptrend of days on market and months of inventory. The median days on market for February dropped down to 24 from 49. Apartment condos which had ballooned up to 7.8 months of inventory, is now down to 5.6 - a reduction of over two months worth of supply within one month; townhomes drifted downward to 2.7 months of inventory (a reduction of .6 from 3.3.); single-family homes sit at 4.3 months of inventory. All signs are pointing toward a healthy, but relatively balanced market for Spring of 2026.

Any questions? Drop me a line at any time.  :)

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.

As we close out 2025 and welcome the New Year (but avoid the weight scale!), it’s time to reflect on real estate in Ottawa. December is characterized by seasonal slowness; this year the Ottawa residential market demonstrated greater sluggishness than usual as inventory levels and days on market both increased at a greater rate than Decembers of recent past years.  Buyers are increasingly gaining more leverage - 4.3 active months of inventory the highest number since 2016 (when December was at 5.7 months of inventory) and apartments representing the highest level of supply at 7.9 months - it will be interesting to see if the early start of 2026 will reverse buyer caution to slow the uptick in inventory levels across all residential property types.  Prices, while stable on a YTD basis (2.8 increase as a whole), have gradually ticked down in the latter half of 2025.  

November market stats are out. Over the last several weeks, the residential Ottawa market has slowed down considerably, even beyond typical seasonality. Despite this market softening, prices have held up, as the residential market is up 3% YTD with Single-Family Homes leading the charge at 4.0%. Now sitting at 4.2 months of inventory, with apartment condos the highest at 7 months, there is a lot of buyer choice with with over 3700 active listings in November - the highest since 2016.

It will be interesting to see how the winter months shape up and whether selling activity reduces or expands existing inventory on the market. For those buyers willing to look at homes around the holidays, there is opportunity for bargain-shopping, especially properties that have been sitting on the market for a long time.

Congrats to my awesome first-time home buyers! This is amazing property, in one of the best condition of homes for its age that I've seen - all-in-all, a fantastic purchase! I can't wait to see how everything looks when Pat and Hannah move in and start adding their personal touches.

This home has it all!

Triple Car, Fully-Insulated and Heated Garage with Epoxy Flooring!

Large Primary Bedroom featuring a very generous WIC and 5 pcs Ensuite!

Not One, but Two Junior Suites featuring their own Ensuite Bath

A Fantastic Basement Rec Space with Bar featuring 9 Ft Ceilings and a Spacious Gym that could be a 4th Bedroom

Private Lot surrounded by Trees!