Home sales in Ottawa dropped nearly 5% in June 2026 compared to the same month last year, according to data released by the Ottawa Real Estate Board (OREB). A total of 1,850 homes were sold in June, down 4.8% from June 2025, signaling a continued cooling in the region's housing market.
Sales decline amid rising inventory
The number of new listings rose 8.3% year-over-year to 2,940, giving buyers more options. Active listings at the end of June stood at 3,200, up 12% from the same period last year. OREB President Sarah Johnson attributed the slowdown to higher interest rates and economic uncertainty. "Buyers are taking a more cautious approach, and we're seeing a balanced market after years of strong seller conditions," she said.
Prices still climbing, but at slower pace
The average home price in Ottawa reached $680,000 in June, up 2.1% from $666,000 in June 2025. However, the pace of price growth has slowed significantly from double-digit annual increases seen in 2023 and 2024. The benchmark price, which adjusts for the type of housing, was $640,000, up 1.8% year-over-year. Condominium apartments saw a slight price dip of 0.5% to an average of $410,000.
Market segments and outlook
Single-family homes remained the most popular segment, accounting for 58% of sales, with an average price of $780,000. Townhouses followed at 25% of sales, averaging $540,000. The average days on market increased to 28 days, up from 22 days a year ago, indicating less urgency among buyers. OREB expects the market to remain stable through the summer, with inventory continuing to rise. "We're moving toward a more sustainable market, which is healthy for both buyers and sellers," Johnson added.
