Every month we take a closer look and drill down the sales data of Ottawa condos from the previous month. Here are the statistics for April 2026 in the top five "downtown" areas - Centretown, Byward Market and Sandy Hill, Little Italy (which includes Lebreton Flats), Hintonburg, and Westboro. The information will be specific to apartment-style condominiums, and only what is sold through the MLS. Also important to note that DOM (Day's On Market) is calculated to include the conditional period, which in Ottawa is roughly 14 days for almost every single transaction.
Ottawa Real Estate Market Update – April 2026
Ottawa’s housing market continued its gradual spring rebound in April, with sales activity increasing month over month and inventory continuing to build.
While overall conditions remain balanced, the market is starting to show clearer signs of momentum following a slower winter. Buyers are re-engaging, but rising supply is still shaping the pace of the market.
Sales Activity Continues to Improve
A total of 1,336 homes sold in April 2026, representing a 1.9% decrease year over year, but a notable increase from March’s 1,075 transactions.
This signals that while activity hasn’t fully returned to previous spring levels, demand is steadily improving.
Year-to-date, 3,839 homes have sold, down 4.4% compared to the same period in 2025. Despite this, the upward trend in recent months suggests the market is regaining momentum as we move deeper into the spring season.
Inventory Is Rising — And Leading the Market
Supply continues to be the most important factor shaping Ottawa’s housing market right now.
3,258 new listings came to market in April, up 19.3% year over year
4,535 active listings were available at month-end, up 17.2% year over year
This increase in inventory is giving buyers more options and reducing urgency across most segments.
The sales-to-new-listings ratio sits at 41.0%, and months of inventory is 3.4, both consistent with balanced market conditions.
Homes are also taking slightly longer to sell, with median days on market increasing to 21 days, up from 18 days last year.
Prices Remain Stable
Pricing in April held steady, continuing the trend of gradual stabilization seen over the past few months.
Average sale price: $712,184 (up 0.8% year over year)
Median sale price: $650,000 (unchanged year over year)
Year-to-date:
Average price: $683,303
Median price: $630,000
These relatively small movements reinforce that Ottawa is not experiencing major price swings, but rather a period of stability.
The MLS® Home Price Index (HPI) adds important context. Benchmark prices have begun to stabilize following earlier declines, with most segments seeing modest month-over-month gains.
The main exception continues to be the condo apartment segment, which remains the softest part of the market.
Market Conditions by Property Type
Single-Family Homes
Detached homes remain one of the most stable segments, with 3.1 months of inventory. Demand is steady, and pricing has held within a relatively narrow range.
Townhomes
Townhomes are also performing consistently, with 3.0 months of inventory, indicating balanced but slightly tighter conditions compared to other segments.
Apartments and Condos
Condos continue to carry higher supply, with 4.9 months of inventory. While conditions have improved slightly in recent months, this segment remains more sensitive to pricing and buyer demand.
Different Conditions Across Ottawa
While the overall market is balanced, conditions vary depending on location.
Ottawa Centre is seeing slower absorption, largely due to higher condo inventory
Suburban markets remain the most stable, with the west end showing the strongest activity
Rural areas continue to move at a slower pace, with higher inventory and longer selling timelines
This variation means that pricing, strategy, and timing can differ significantly depending on where you’re buying or selling.
What This Means for Buyers
Buyers continue to benefit from increased inventory and reduced competition compared to recent years.
There is more time to evaluate options, and less pressure to act immediately. However, improving sales activity suggests that this window may gradually narrow as we move further into the spring market.
What This Means for Sellers
Sellers are entering a market that is active, but more competitive.
With more listings available, buyers have options. This makes pricing and presentation more important than ever. Homes that are positioned correctly are still attracting strong interest, while those that are overpriced may take longer to sell.
Looking Ahead to May and the Rest of Spring
April confirms that Ottawa’s spring market is building, but in a measured way.
Sales are improving
Inventory is continuing to rise
Prices are stable
Conditions remain balanced
Looking ahead to May, the key factor will be whether sales can keep pace with the continued increase in listings.
If demand continues to strengthen, we could see slightly tighter conditions and more competition. If inventory continues to outpace sales, the market will remain balanced with ongoing pressure on pricing in certain segments.
Either way, the data points to a steady, controlled spring market, rather than the rapid shifts seen in previous cycles.
Important to note is that these statistics can only be as accurate as there are condos sold in Ottawa. The more condos sold in an area, the more accurate the averages will be.
Want to chat about your options? Fill out the form at the bottom of the page, or text/call us directly at 613-900-5700 or fill out the form at the bottom of the page.
Do you have any questions about how this information affects your investment or looking for more information to make the best decision about your purchase? Let’s chat! Fill out the form on the bottom of the page.
