January 2026 Ottawa Real Estate Market Update: Slowing, Not Stalling

Better late than never! Here’s what happened in Ottawa’s housing market to start 2026.

The market showed clear signs of moving toward balance in January. Homes are still selling, but buyers are taking more time and inventory levels are rising.

Homes Are Sitting Longer

The median time on market increased to 49 days, up from 42 days last year. Buyers are no longer rushing decisions and are comparing options more carefully.

Inventory Is Increasing

Months of inventory rose to 4.4 months compared to 3.4 last year. This means more homes available and more negotiating power for buyers.

Prices Are Stabilizing

The average price dipped slightly to $641,436 (-4.5%) and the median price settled at $615,000 (-0.9%). This signals stabilization rather than a sharp correction.

What This Means

Buyers have more leverage and time. Sellers must price strategically and prepare properly.

The Ottawa real estate market is not crashing.  it’s normalizing.

If you’re considering buying or selling in Ottawa in 2026, reach out for a customized strategy session.