21 May May 2026 Newsletter – Staying in Touch
May 2026 Newsletter – Staying in Touch
Read the full issue of May 2026 Newsletter – Staying in Touch
Happy May & Victoria Day!
It’s that time of year we are all enjoying watching the trees and flowers begin to add colour to our neighborhoods and backyards and get excited with cottage season opening and summer holiday planning. Just as the spring moves along so is the Ottawa real estate market. More homes are being prepared and put to market. We see potential purchasers viewing many homes and reviewing their budgets before making final decisions.
As of May 5, the Ottawa Real Estate Board reports 1,336 properties (residential & condominiums) sold in April 2026, down 1.9% year over year but better than March (1,075), showing signs of regaining momentum. Year to date, 3,839 homes have sold, a 4.4% decline from 2025. Most housing segments recorded modest month over month gains except for condo-apartments. Market balance continues to be largely influenced by supply and activity varies by neighborhood and region across the City. The average sale price for homes sold in April 2026 was $712,184, about a 0.8% increase when compared to April 2025. For more market information read our 50 Years of Change and our newsletter.
With many having to sell and buy at the same time, we are receiving questions about how to do this and how bridge financing works, please see our guide on how to sell and buy at the same time and also the article in this newsletter on Bridge Financing.
This month we’ve included:
- An Update on the Ottawa market and Mortgage information: What Buyers Should Know About Bridge Financing
- Articles: Summer Projects to Enjoy & Increase Home Resale Value, Role of Personal Goals When Deciding to Move, Should You Buy the “Except for . . .” Home?
- Community events to enjoy in our city including many local Ottawa Farmers’ Markets opening in May!
Feel free to give us a call or send an email if you are thinking of changing your lifestyle and would like to explore your options or need a market valuation of your home to help get your started.
Enjoy the Victoria Day long weekend!
Joan, Victoria & Luc
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@JoanSmithRealEstateFamily
Mrs. Joan Smith 
The Joan Smith Real Estate Family
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