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Market Update

Ottawa Real Estate Market Update: July 2026

Mid-summer numbers are in — and Ottawa's market is showing clear signs of where it's headed for the rest of 2026. Here's what the latest data means for buyers and sellers.

July 2026 12 min read Market Update

As we move through the heart of summer, Ottawa's real estate market continues to evolve. July brought a nuanced mix of signals — steady buyer activity, a gentle uptick in new listings, and continued price resilience across most neighbourhoods. Whether you're planning to buy, sell, or simply keep an eye on your home's value, understanding these trends is key to making confident decisions.

Key Market Statistics — July 2026

Average Sale Price
$712,500
+4.8% year-over-year
Average Days on Market
24 days
-3 days from June
New Listings
1,840
+6.2% vs. June 2026
Active Listings
3,120
Inventory improving for buyers

What July Means for Buyers

July offered a welcome shift for buyers. New listings climbed steadily through the month, easing some of the inventory pressure that defined the spring market. While competition remains strong on well-priced, turnkey homes in desirable neighbourhoods like Kanata, Barrhaven, and Orleans, buyers now have more choice and slightly more room to negotiate than they did in April and May.

Key takeaways for buyers

  • More inventory means leverage — get pre-approved early to move quickly
  • Well-prepared listings still attract multiple offers in hot pockets
  • Condos remain a more affordable entry point across the city

What July Means for Sellers

Sellers should stay strategic. Homes that are priced accurately and presented well continue to move quickly — in some cases above asking — while overpriced listings are lingering longer. The days-on-market drop signals that demand is still healthy, but buyers have become more discerning with increased choice.

Key takeaways for sellers

  • Accurate pricing is your strongest tool in a shifting market
  • Professional staging and photography matter more than ever
  • Fresh listings stand out — launch with strong first-week momentum

Neighbourhood Spotlight

Here's a snapshot of how key Ottawa neighbourhoods performed in July:

Neighbourhood Avg. Price Days on Market Trend
Kanata $785,000 18 Stable
Barrhaven $720,000 21 Stable
Orleans $640,000 23 Rising
Nepean $690,000 22 Stable
Downtown (Condos) $465,000 31 Softening

Looking Ahead: The Rest of 2026

As we head toward fall, the market traditionally sees a second wave of activity after Labour Day. With inventory improving and interest rates holding relatively stable, we're likely to see a balanced — but still competitive — autumn market. Buyers who act decisively and sellers who price realistically will fare best.

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