11/05/2026
# # # Ottawa Real Estate Market – October 2026 Summary
Ottawa's housing market remains favourable to buyers, but October showed early signs of improvement for sellers.
- Sales increased slightly compared with September but remained below October 2025.
- Fewer new listings entered the market, reducing competition among sellers.
- Average home prices declined slightly after remaining relatively stable throughout the summer.
- Active listings and months of inventory decreased, suggesting supply and demand are moving toward better balance.
- The sales-to-new-listings ratio improved, although the seasonal slowdown contributed to the change.
- Economic uncertainty, borrowing costs and housing policies continue to affect buyer confidence.
# # # What This Means for Ottawa Sellers
Sellers are seeing some relief from competition, but realistic pricing remains essential to attracting serious buyers.
# # # What This Means for Buyers
Buyers still have considerable selection and negotiating power, particularly on properties that have been on the market longer.
# # # Key Takeaway
Ottawa remains a buyer's market, but conditions are beginning to stabilize. October's improvement is encouraging, although it is too early to call it a sustained market recovery.
For Richmond and the surrounding Ottawa-Carleton communities, this reinforces the importance of competitive pricing, strong presentation and responding quickly to qualified offers.
