Ottawa Real Estate Board

The number of homes sold in Ottawa totaled 780 units in February 2026. This was down by 6.8% from February 2025.

Home sales were 13.8% below the five-year average and 17.6% below the 10-year average for the month of February.

On a year-to-date basis, home sales totaled 1,390 units over the first two months of the year. This was a decrease of 6.3% from the same period in 2025.

The MLS® Home Price Index (HPI) tracks price trends far more accurately than is possible using average or median price measures. The overall MLS® HPI composite benchmark price was $615,400 in February 2026, down modestly by 1.3% compared to February 2025.

The benchmark price for single-family homes was $693,200, a minor decrease of 1.2% on a year-over-year basis in February. By comparison, the benchmark price for townhouse/row units was $560,700, a small reduction of 3.4% compared to a year earlier, while the benchmark apartment price was $385,500, falling by 2.7% from year-ago levels.

The average price of homes sold in February 2026 was $662,773, a small reduction of 1% from February 2025.

The more comprehensive year-to-date average price was $653,586, decreasing by 2.5% from the first two months of 2025.

OREB cautions that the average sale price can be useful in establishing trends over time but should not be used as an indicator that specific properties have increased or decreased in value. The calculation of the average sale price is based on the total dollar volume of all properties sold. Price will vary from neighbourhood to neighbourhood.

The dollar value of all home sales in February 2026 was $517 million, a decline of 7.8% from the same month in 2025.

The number of new listings was down by 7.8% from February 2025. There were 1,582 new residential listings in February 2026.

New listings were 3.2% above the five-year average and 4.5% above the 10-year average for the month of February.

Active residential listings numbered 2,928 units on the market at the end of February, an increase of 11.1% from the end of February 2025. Active listings haven’t been this high in the month of February in more than five years.

Active listings were 39.8% above the five-year average and 35.7% above the 10-year average for the month of February.

Months of inventory numbered 3.8 at the end of February 2026, up from the 3.1 months recorded at the end of February 2025 and above the long-run average of 2.4 months for this time of year. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.