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.
Ottawa combines stable employment with constrained desirable land
Federal employment, universities, technology, healthcare and government-related work support long-term housing demand.
Location and housing type matter
Established central neighbourhoods have limited supply, while newer housing is concentrated farther from downtown.
Construction costs affect replacement value
Land, labour, materials, development charges and financing costs influence the cost of adding new supply.
Borrowing conditions affect what buyers can pay
Interest rates determine monthly affordability and can change demand quickly.
Price is relative
Ottawa can feel expensive to a local first-time buyer while still comparing differently with Toronto or Vancouver. Base decisions on household cash flow, not city comparisons alone.
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.