Where is the Ottawa market heading for the rest of 2026 and into 2027? With prices holding firm, inventory at a yearly peak, and interest rates steady, here's my data-driven forecast for buyers, sellers and investors.
Predictions are only as good as the data behind them. My fall 2026 forecast is built on the patterns in this year's monthly market updates — steady price appreciation, healthy inventory, and a gradually normalizing buyer pool. Here's what I expect through the end of 2026 and into spring 2027.
Ottawa's average sale price has climbed methodically all year — from roughly $718,900 in August to $728,900 in October. I expect that gentle upward trend to plateau rather than reverse through November and December, with the seasonal dip in activity offsetting rather than driving prices down. Barring a shock interest-rate move, prices should finish 2026 modestly ahead of where they started.
October's 3,540 active listings represent the peak selection of 2026. As new listings slow seasonally, inventory will contract through winter, improving conditions slightly for sellers and reducing the negotiation room buyers enjoyed this fall. Buyers who want selection should act before that window closes.
Mortgage rates have stabilized, and the market has adjusted its expectations accordingly. I anticipate rates holding in a narrow range through the winter, which supports steady buyer demand. Any material move would likely be downward into 2027 — a tailwind for first-time buyers in particular.
Downtown condos continue to post longer days on market (34 days in October) and softer pricing than freehold homes. This isn't a distressed segment — it's simply where supply most outweighs demand. Patient condo buyers will keep finding real negotiating leverage into 2027.
Ottawa's spring market historically outperforms autumn, and all current indicators point to a busy, balanced spring 2027. Sellers who prepare this winter — updating, staging, and pricing carefully — will be positioned to launch with maximum impact when buyer energy returns in March and April.
What buyers and sellers want to know about the months ahead.
Forecasts are general — your home's value and timing are specific. Let's talk through your situation.
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