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.
Rates change monthly affordability
A lower mortgage rate can increase buying power even if home prices do not fall.
Rates can change buyer demand
When borrowing costs drop, more buyers may qualify or feel comfortable entering the market.
Fixed and variable rates influence confidence differently
Expectations about the Bank of Canada and bond markets affect mortgage pricing and buyer sentiment.
Ottawa prices do not move one-for-one with rates
Employment, inventory, property type and neighbourhood demand also matter.
Plan for a range
Stress-test your budget at a payment above today's quoted rate so your purchase remains comfortable if your mortgage changes later.
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.