🏡 A Balanced Market as Winter Slows
Ottawa’s housing market followed its usual winter slowdown in February 2026, with sales below the five-year average of 990 homes.
👉 While activity is quieter, the market is not weak—it’s becoming more balanced, with different trends across property types.
🏢 Condo Market Showing Improvement
The condo segment saw a small price increase and slightly lower inventory.
👉 This suggests early signs of recovery after higher supply in late 2025, bringing more confidence for buyers and greater stability for sellers.
🏘️ Townhomes Lead in Activity
Townhomes were the most active segment in February, with strong sales for the season. However, increased inventory has put slight pressure on prices.
👉 Buyers have more value and options, while sellers need to price strategically.
🏠 Single-Family Homes Stay Stable
The single-family market remained steady. Sales slowed, but prices held firm.
👉 Demand is still strong, especially in more affordable price ranges.
🔮 What’s Ahead
According to the Canadian Real Estate Association (CREA), demand is expected to gradually grow through 2026.
👉 As the spring market approaches, Ottawa is likely to stay balanced, creating opportunities for both buyers and sellers.
💬 Expert Insight
Benchmark prices rose across all property types in February, and demand remained strong where affordability allows,” said OREB President Tami Eades.
👉 Buyers now have more time to make informed decisions, while sellers continue to see steady activity. The market is improving, and spring could be a key window to make a move.
