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

−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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