The capital region
Ottawa Housing Market Report
This Ottawa housing market report tracks benchmark prices, rents, vacancy and property tax across Ottawa Census Division, using OREB, September 2026 and CMHC rental data.
MLS benchmark · OREB, September 2026 · Ottawa Census Division · Updated through September 2026
Ottawa average price by property type
What each kind of home costs in Ottawa Census Division, and how far apart a house and an apartment have moved.
Detached
$705,100
House, not attached to a neighbour
All property types
$623,500
MLS benchmark
Condo
$380,800
The usual entry point
OREB, September 2026, for Ottawa Census Division. A detached home costs 1.9× what a condo does here. Detached, all types and condo are the same measure from the same release (mls benchmark), so they can be compared with each other, though not directly against another city’s differently-measured figure. Ottawa’s board does not publish a townhouse figure we hold, so this report leaves that segment out rather than estimating it.
Average cost by property type in Ottawa
What each kind of home costs, from the same release.
All three from OREB, September 2026, on the same basis (mls benchmark), so they can be compared with each other. Ottawa's board does not publish a townhouse or row-house figure we hold, so this report shows the three segments it does publish rather than estimating a fourth.
What it costs to buy
The benchmark, where it has moved in twelve months, and the land transfer cheque that clears on closing day.
MLS benchmark
$623,500
OREB, September 2026
12 month change
−0.3%
Composite, same source
Land transfer on closing
$8,945
At the benchmark, 20% down, no rebate
Condo benchmark
$380,800
The usual entry point
Ottawa charges the Ontario land transfer tax only, with no municipal second tax, so the same price closes for roughly half the tax cheque it would in Toronto. The offset is the mill rate, which is the second-highest of the eight markets. Compare neighbourhoods in Ottawa to narrow the citywide figures to areas that fit your search.
Price and twelve month change: OREB, September 2026. The closing figure is Ontario LTT only (no municipal LTT), calculated on the MLS benchmark at 20% down with no first-time rebate applied. Run your own price through the land transfer tax calculator or the closing costs calculator.
Continue in the Buyer HubFirst-time buyer guides, neighbourhoods and closing calculatorsWhat the market pays a seller
Where the detached and condo segments have split, and what comes out of the sale price before you see it.
Detached
$705,100
OREB, September 2026
Condo
$380,800
Same board, same month
Detached to condo
1.9×
How many condos to one house
12 month change
−0.3%
What your comparables are worth now
Apartments are down 6.1% while the composite is nearly flat. A condo seller pricing against the headline Ottawa number is pricing against a figure that detached sales are propping up. Before setting an asking price, use our guide to interviewing a Ottawa real estate agent to ask for comparable sales and a clear pricing plan.
Sales counts, days on market and months of inventory are not published for Ottawa in a form we hold, so this report does not show them. OREB reports prices at the board level; only TRREB publishes community-level activity, which is why Toronto is the one report here that carries those figures. We would rather omit a number than estimate it.
Detached and condo figures are from the same release as the composite, so the spread between them is like-for-like. What comes out of the sale price is a provincial question. See the commission calculator and the sale proceeds calculator.
Continue in the Seller HubCommission by province and what you actually netWhat the rent covers
Sitting rents, CMHC vacancy, gross yield on the benchmark, and the property tax drag underneath it.
Rent, 2 bedroom
$2,300
Per month, asking
Vacancy
3.0%
Ottawa CMA, purpose-built
Gross yield
4.4%
Annual rent over price, before costs
Property tax
$7,651
1.23% on the benchmark, per year
Ottawa's 1.23% effective residential rate is high enough to move a cap rate by a visible margin. On a $623,500 benchmark the annual property tax alone is more than three months of two-bedroom rent.
Vacancy describes Ottawa CMA, purpose-built and comes from CMHC Rental Market Report, October 2025. That area is wider than Ottawa itself, so treat it as the backdrop rather than the rate on one building. Gross yield is annual two-bedroom rent over the MLS benchmark, before vacancy, tax, insurance and maintenance. It is not a cap rate. Property tax is Ottawa’s residential rate of 1.23% applied to that same price.
Continue in the Investor HubCap rate and cash flow calculators by cityHow Ottawa compares
The same measures across all eight markets. Switch the measure to move the ranking.
Where Ottawa ranks
Benchmark, median or average price. Ottawa is 5th of the eight markets on this measure.
Each board's own headline price figure. Montreal is a median and Winnipeg an average, so those two answer a slightly different question than the six benchmarks.
| Market | Price | 12 mo | Detached | Condo | Rent, 2br | Vacancy |
|---|---|---|---|---|---|---|
| VictoriaGreater Victoria | $1,170,200MLS benchmark | −2.0% | $1,280,100 | $547,800 | $2,120 | 3.3% |
| VancouverMetro Vancouver | $1,075,900MLS benchmark | −5.5% | $1,799,400 | $686,200 | $3,150 | 3.7% |
| TorontoGreater Toronto Area | $917,600MLS benchmark | −4.7% | $1,360,000 | $631,000 | $2,700 | 3.0% |
| MontrealMontreal CMA | $635,000Median price | +0.5% | $635,000 | $430,000 | $2,050 | 2.9% |
| OttawaOttawa Census Division | $623,500MLS benchmark | −0.3% | $705,100 | $380,800 | $2,300 | 3.0% |
| CalgaryCity of Calgary | $566,700MLS benchmark | −0.8% | $739,400 | $291,400 | $1,900 | 5.0% |
| HalifaxHalifax–Dartmouth | $541,700MLS benchmark | −4.1% | $610,000 | $420,000 | $1,826 | 2.7% |
| WinnipegWinnipeg Census Metropolitan Area | $408,020Board average | +2.3% | $454,264 | $290,522 | $1,550 | 2.8% |
Price and twelve month change come from each city’s own board, on the month named in that city’s report. They are not all the same month, and Montreal and Winnipeg publish medians and averages rather than a benchmark. Rents are market asking rents; vacancy is CMHC purpose-built for the CMA named on each report page, which is wider than the city proper.
Ottawa against another market
Pick a second market to put beside this one. Both charts below answer a different question about the same pair.
Both charts below move together when you change this.
Detached, composite and condo
What each segment costs in Ottawa against Toronto.
- Ottawa
- Toronto
Same board release in each city, so the segments are like-for-like within a market. Across markets the measurement differs: OREB, September 2026 against TRREB, September 2026.
Tax on closing, as the price climbs
Land transfer, property transfer, welcome or deed tax at 20% down, with no first-time rebate.
- Ottawa
- Toronto
Calculated from each province’s published brackets, the same functions behind our calculators. Ottawa: Ontario LTT only (no municipal LTT). Toronto: Ontario LTT + Toronto municipal LTT. Alberta charges no land transfer tax at all, so its line is registration fees only and stays near the axis.
Go deeper in this market
Neighbourhood prices, agent coverage, and the calculators preloaded with this city's figures.
This Ottawa housing market report is updated when the boards publish, and each refresh is logged in the changelog. Figures carry the month they were released, not the day you read them.
Ottawa housing market changelog
What changed on this report at its last refresh, and how Ottawa moved month by month through 2026.
Last refreshed October 29, 2026 · data through September 2026
- Headline moved from July to September: the composite benchmark is $623,500, down 0.3% (was $634,000, down 0.5%).
- Single-family is $705,100 and the apartment benchmark $380,800, down 6.1% (was down 5.2%).
- Added January to September history. April, May and June show only what OREB stated.
| Month | MLS HPI composite | Ottawa sales | Notes |
|---|---|---|---|
| September 2026 | $623,500−0.3% | 1,010−6.6% | Down 2.2% from August. Apartments were down 6.1% year over year to $380,800; single-family held near $705,100. |
| August 2026 | $637,700+1.0% | 1,002−18.6% | The composite was above its level a year earlier, the only such reading we hold for 2026. Sales tied 2022 for the lowest August since 2016. |
| July 2026 | $634,000−0.5% | 1,325+0.2% | Up 0.3% from June. |
| June 2026 | — | 1,518−4.9% | — |
| May 2026 | —−0.6% | 1,616−10.6% | The composite rose 0.9% from April. |
| April 2026 | — | 1,336−1.9% | Active listings rose 17.2% to 4,535. |
| March 2026 | $617,700−2.1% | 1,075−4.7% | — |
| February 2026 | $615,400−1.3% | 780−6.8% | — |
| January 2026 | $606,700−4.8% | 610−5.6% | — |
Each month links to its archived report. Percentages under each figure are the change from the same month a year earlier. A dash means the board did not state that figure in a form we could read, and we do not fill it in. OREB gave the composite as a percentage in April, May and June without a dollar figure we could read, so those months show the change only where it was stated. Source: Ottawa Real Estate Board, monthly releases.
Sources
Every figure on this page, and where it came from.
Prices come from Ottawa's own board on the month named above. Vacancy is CMHC's, and the tax figures are calculated from the published rates and brackets rather than quoted from a listing. Where a board publishes its release on the open web but we do not hold the link, the release is cited by name.
- Prices and twelve month changeOREB, September 2026
- VacancyCMHC Rental Market Report, October 2025
- RentsMarket asking rents, held in our city comparison dataset
- Property tax rateCity of Ottawa: Understanding your property taxes
- Property tax rateCity of Ottawa: Property tax estimator
- Tax on closingOntario land transfer tax
Other housing market reports
The rest of the markets we track, most expensive first.
Victoria Market Report
VREB, September 2026 Core HPI / July Greater Victoria SF
Vancouver Market Report
Greater Vancouver Realtors, September 2026
Toronto Market Report
TRREB, September 2026
Montreal Market Report
APCIQ, September 2026
Calgary Market Report
CREB, September 2026
Halifax Market Report
NSAR Halifax–Dartmouth MLS HPI, September 2026
Winnipeg Market Report
Winnipeg Regional Real Estate Board, July 2026
Get Ottawa numbers from someone who works them daily
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