2026 Q2 · Ontario
Ottawa Home Appraisal Market Report
Federal-employment-anchored stability; detached firm; downtown condo lagging through new supply.
Snapshot
Key benchmarks
Benchmark detached
$786K
+1.9% YoY
Benchmark condo apartment
$472K
−0.6% YoY
Months of inventory
2.9
−0.2 YoY
Sales-to-new-listings ratio
51%
+3pts YoY
Avg days on market
24
−2 days YoY
What it means for appraisals
Implications this quarter
- •BGRS / IRP relocation volume steady year-round.
- •Gatineau cross-river substitution increasingly appropriate for riverside detached.
Order mix
Why people order in Ottawa
Refinance32%
Relocation22%
IRP & corporate.
Purchase mortgage18%
Divorce14%
Estate9%
Other5%
Watch items
On the horizon
- •MPAC 2016 base date remains frozen — appeals must reconcile to that base.
- •LRT Stage 2 completion shifts comparable selection in Barrhaven and Orléans corridors.
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