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Ottawa Real Estate Market Update: October 2026

Ottawa Real Estate Market Update: October 2026

Ottawa housing · October 2026

Sellers got a little relief.
Buyers still have leverage.

Sales picked up. Fewer new listings arrived. Ottawa’s latest numbers give sellers some breathing room, while buyers still have room to compare and negotiate.

Homes sold1,048Down 10.7% from October 2025
Average sale price$678,512Down 4.5% from October 2025
Months of inventory4.4Down from 4.8 in September

The market in 30 seconds

  • Selling? Fewer fresh listings mean less incoming competition.
  • Buying? Keep comparing. The market still offers choice.
  • Looking at apartments? Inventory is much higher than in the other major property categories.

What changed

A better month for sales.
A quieter month for new listings.

Up 3.8%Sales compared with September
Down 18.6%New listings compared with September

OREB notes that some of this shift follows the usual fall slowdown in new listings.

My take: This gives sellers some relief. I would want several months of improvement before calling it a lasting change in direction.

The biggest difference

Your property type changes the picture.

Benchmark prices, October 2026
Property typeBenchmarkAnnual change
Single family$699,200Down 0.8%
Townhouse$539,800Down 4.3%
Apartment$377,500Down 5.3%

Annual changes compare with October 2025. Benchmark prices estimate a representative home; they are different from average sale prices.

For apartment buyers, I would use the selection to compare buildings carefully. Condo fees, reserve funds, upcoming work and parking belong in the decision alongside the asking price.

What is your home actually worth?

The citywide average gives you context. Your pricing decision needs recent comparable sales, competing listings and an honest look at the property’s condition.

A renovated end unit backing onto green space deserves a different comparison from a similar floor plan facing a busy road. Those differences matter when setting an asking price or preparing an offer.

Make it useful

What I would focus on next

If you are buying

Choose your limits before negotiating. Set a comfortable ownership budget. Compare recent sales and available alternatives. Then negotiate the price and terms that work for you.

If you are selling

Give buyers a reason to choose you. Address visible maintenance, present the home well and price against current competition. Agree on a review plan before listing so decisions follow evidence.

For investors: make the building earn its price.

Verify rents, expenses, tenancy details, legal use and repair costs. Allow for vacancy and maintenance. A negotiated discount only helps when the resulting deal supports your investment goals.

What do these numbers mean for your next move?

Let’s narrow the analysis to your neighbourhood, property type and budget.

Talk to Charles about your next move

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