06/08/2026
👀 May Market Update👀
OTTAWA MARKET SNAPSHOT – MAY 2026 📊
Ottawa’s housing market stayed balanced in May, with activity picking up from April but still trailing last spring. Sales were 10.6% lower than May 2025, even as buyers continued to move — just more cautiously.
Inventory remains elevated, which means sellers need to stay sharp on pricing and presentation. Despite slower sales, prices held steady, with single‑family homes showing the most resilience while townhomes and condos saw softer conditions. This slowdown in resale condos and townhomes is directly influenced by the 2026 HST rebate incentives. The rebate has made new construction significantly more attractive, pulling demand away from the resale market and contributing to softer pricing and slower absorption in these segments.
The big story:
➡️ Demand is steady, but not surging
➡️ Supply is higher, giving buyers more choice
➡️ Economic uncertainty is shaping confidence
As we head into summer, the key question is whether buyer demand will keep pace with the growing supply. Questions about anything Ottawa Real Estate - reach out anytime📞
