The Ottawa Real Estate Brief – June 2026
The month’s market, in five minutes.
The latest Real Estate Statistics are in so let’s go through them and identify the key numbers that matter from this month’s report.
In brief: May brought the seasonal lift we typically expect, but the Ottawa market is still trailing last year’s pace. Single family homes are holding up strong, while the condo market is failing to thrive.
Total Sales Volume
1,616 homes sold in May — up from 1,336 in April, but down 10.6% compared to last year. Year to date, sales are running 6.3% behind the same period last year. What that means is that the market is still reasonably strong, but it’s a bit slower than last year.
Average Prices by Property Type
| Property Type | May 2026 Benchmark | vs. May 2025 |
| Single-Family Home | $723,800 | +0.3% |
| Townhome | $557,500 | -3.2% |
| Condo / Apartment | $385,500 | -6.7% |
As for prices, we are continuing to see a divergence between condos and single family homes. Single-family homes continue to hold their value and are up marginally from last year. Townhomes are softening modestly. Condos are the weakest segment — pricing is down meaningfully from a year ago and continues to feel the pressure of elevated inventory and reduced investor demand.
You can see how condos have been lagging in the Benchmark price graph below.
Months of Inventory
| Property Type | Months of Inventory | Market Conditions |
| Single-Family Home | 2.7 | Seller’s market |
| Townhome | 2.7 | Seller’s market |
| Condo / Apartment | 4.8 | Balanced (buyer-leaning) |
Months of inventory is important because this predicts how prices will move going forward for the next few months. Single-family homes and townhomes remain in seller’s market territory — well-priced homes in these categories are still moving. Condos, at 4.8 months, sit technically in the balanced zone but are trending toward buyer’s market conditions. If you own a condo and are thinking about selling, the window for strong pricing is narrowing.
Here is my take on what this means for buyers and sellers right now:
For sellers, the message is the same as it has been all year: price accurately from the start. Active inventory is elevated, and buyers have options. A realistic list price in line with current market conditions is the difference between selling in weeks and sitting on the market for months. Single-family homes continue to perform well when priced right. Townhomes and condos require an honest conversation about what the market will actually bear today.
For buyers, this remains one of the better windows of opportunity in several years. Inventory is up, competition is reduced compared to the frenzy of 2021–2023, and prices are not running away from you. The apartment segment in particular offers real value for buyers who can look past the headline softness and find well-located properties at prices that would not have been possible two years ago.
As always, if you want to know what the market means specifically for your property or your search, that is where the real analysis happens.
And there you go, this month’s Ottawa real estate market update, delivered to you in five minutes.
Best,
Chris Hendricks,
REALTOR®, Real Estate Broker
P.S. If you are thinking about making a move this summer or fall, the first step is knowing exactly what your home is worth in today’s market. Click here for a free market value appraisal— no obligation, just a clear picture of where you stand.
