06/08/2026
Market Overview
Ottawa’s housing market remained balanced in May, with activity improving from April but continuing to trail last year’s spring pace.
Average prices across market segments were mixed, though overall pricing remained relatively stable.
The Ottawa market is not moving in one direction across all property types,” says OREB President, Tami Eades. “May brought the seasonal increase in activity we typically expect to see in Ottawa’s housing market, but sales continue to trail at last year’s pace. While economic uncertainty continues to influence consumer confidence, the key question moving into the summer market will be whether demand continues to keep pace with supply. The market remains active, but inventory levels, employment trends, and buyer confidence will all play an important role in shaping the months ahead.”