As of July 2026, the Ottawa Real Estate Board reported 1,325 residential sales in the Ottawa area. The average sale price was $683,308, the median was $635,000, and the composite benchmark price was $634,000. There were…
As of July 2026, the Ottawa Real Estate Board reported 1,325 residential sales in the Ottawa area. The average sale price was $683,308, the median was $635,000, and the composite benchmark price was $634,000. There were 4,678 active listings and 3.5 months of inventory. Those figures point to a generally balanced market, but conditions vary meaningfully by neighbourhood and property type. The answer to this question depends on whether you are looking at detached homes, townhouses, condos or a specific part of the city.
Affordability is price plus financing
A flat home price can become more affordable if mortgage rates fall, while a lower price can still feel expensive if borrowing costs are high.
Current Ottawa context
As of July 2026, the Ottawa Real Estate Board reported 1,325 residential sales in the Ottawa area. The average sale price was $683,308, the median was $635,000, and the composite benchmark price was $634,000.
There were 4,678 active listings and 3.5 months of inventory. Those figures point to a generally balanced market, but conditions vary meaningfully by neighbourhood and property type.
Property type creates different entry points
Condos and townhomes can offer lower purchase prices than detached homes, but fees and location affect the total monthly cost.
Suburban versus central trade-offs
Moving farther from downtown may reduce purchase price, but transportation time and costs should be included.
Measure your own affordability
Track payment, taxes, utilities, maintenance and commuting instead of focusing only on the sticker price.
A practical next step
Market-wide statistics are useful, but the number that matters most is the one for the property type and neighbourhood you are actually considering. A local Ottawa agent can pull recent comparable sales and active competition for a more precise view.