February Real Estate Statistics

Ottawa’s housing market saw the typical early-year seasonal lift in February, with prices trending upward month-over-month while inventory continued to expand.
 

The average residential sale price reached $662,773, up 3.3% from January, though still 1.0% lower than February of last year. Homes are currently selling in an average of 24 days, compared with 19 days a year ago, suggesting slightly less urgency than the highly competitive conditions seen in 2025.
 
Inventory continues to build, with 2,928 active listings, an 11.1% increase year-over-year, bringing months of inventory to 3.8. While still below the 4–6 months typically considered a balanced market, this gradual increase in supply is giving buyers more choice.
 
By property type:

  • Single-family homes: Average price $830,951, up 4.7% month-over-month and 0.6% year-over-year, with 21 days on market.

  • Townhomes: Average price $539,639, relatively flat month-to-month but 7.5% lower than last year, with a noticeable increase in available listings.

  • Condo apartments: Average price $428,538, up 10.4% from last month and 0.8% year-over-year, though they are taking longer to sell at 43 days on market.

 
Overall, the market is showing steady demand alongside growing supply, a dynamic that is gradually moving Ottawa toward more balanced conditions.

Daria Kark