Happy June, Father’s Day & Canada Day!
Summer is just about here and the longer days are wonderful! June is packed with end of school year celebrations and time to enjoy Summer hobbies.
The real estate market is dragging its feet a little in trying to equal last year’s pace but it is still moving along, buyers are still looking and sellers are still selling. With the Bank of Canada holding the overnight rate again, (5th consecutive time), it is signalling to prospective purchasers that borrowing costs are remaining stable. We will be watching to see how the demand keeps up with the supply of different types of homes, including newly built homes, and across a variety of neighborhoods.
For those of you thinking of selling, even if it is not this year or next, it is important to start preparing your home for sale. It is amazing how much we accumulate over the years. Now is a great time for a garage sale and to update a deck or do some exterior maintenance. We are here and willing to help you get ready for a future sale.
As of June 3, the Ottawa Real Estate Board reports 1616 properties (residential & condominiums) sold in May 2026, down 10.6% year over year but better than April(1,336). The market remains balanced but differences can be seen across neighborhoods and types of housing, requiring sellers and buyers to be up to date on market activity in surrounding neighborhoods. Year to date, 5,453 homes have sold, a 6.3% decline from the same time period in 2025. The average sale price for homes sold in May 2026 was $721,270, about a 0.9% decrease when compared to May 2025. The median price was $660,000, a 1.6% decline from May 2025. For more market information read our 50 Years of Change and our newsletter.
This month we’ve included:
- An Update on the Ottawa market and Mortgage information: Today’s Mortgage Rate Landscape for Buyers
- Articles: Inground vs. Above Ground Pool?, Role of a Real Estate Lawyer When Buying a Home, Landscaping Tips To Increase Your Property Value,
- Community events to enjoy in our city including the many local festivals & Canada Day Celebrations!
We continue to support Forests Canada this month. Please take a moment to learn more about this organization and if you can donate.
As always feel free to call or email with any questions about the greater Ottawa real estate market or if you need some professional contacts.
Enjoy Canada Day & the Summer!
Joan, Victoria & Luc
Follow us on:
@JoanSmithRealEstateFamily 
@JoanSmithRealEstateFamily 
Mrs. Joan Smith 
The Joan Smith Real Estate Family
Market Update
As of June 3, the Ottawa Real Estate Board reports 1616 properties (residential & condominiums) sold in May 2026, down 10.6% year over year but better than April(1,336). The market remains balanced but differences can be seen across neighborhoods and types of housing, requiring sellers and buyers to be up to date on market activity in surrounding neighborhoods. Year to date, 5,453 homes have sold, a 6.3% decline from the same time period in 2025. Single family home pricing was flat year over year, while townhomes and apartments experienced some declines. Active properties on the market reached 4,917 units in May, up 12.2% year over year and above April’s 4,535 listings.
The average sale price for homes sold in May 2026 was $721,270, about a 0.9% decrease when compared to May 2025. The median price was $660,000, a 1.6% decline from May 2025. Year to date, Ottawa’s average price was $694,539 (down 0.6%) and the median price was $639,000 (down 1.7%), compared to the same period in 2026.
Single-family average price was $868,968 in May 2026, flat from May 2025. Townhomes average price was $563,578 in May, a decrease of 1.0% when compared to May 2025. Apartments average price was $433,165, down 12% from May 2025.
The MLS® Home Price Index (HPI), shows that Benchmark prices recorded last month for single-family homes remains the most reslient, up 0.9% from April and 0.3% year over year. However, for townhouse, sales fell 14.3% in May year over year but the HPI benchmark price is $557,500, down 0.4% from April and 3.2% from May 2025. For apartment style properties the benchmark price was $385,000, up 1.5% from April but down 6.7% from May 2025
For Kanata, unit sales in May (all housing types) were 179, translating to approximately a 1.1% decrease when compared with May 2025. For greater Stittsville (includes Stittsville, Richmond, Munster & surrounding area), unit sales in May 2026 (all housing types) were 106 units, about a 20.3% decrease from May 2025. In Kanata, the average sale price in May 2026 was $698,029 for all housing types (a 6.2% decrease from May 2025), and the median days on market was 22 days. For greater Stittsville, the average sale price in May 2026 was $766,233 for all housing types (about a 7% decrease from May 2025) and the median days on market was 20 days. (Source: OREB, Residential Market Activity and MLS®Home Price Index (HPI) Report, May 2026, District 90 – Kanata & District 82 – Stittsville – Munster – Richmond)
March residential inventory in Ottawa – The inventory of homes on the market in Ottawa in March continues to build. 2,452 new listings (all housing types) on the market in March 2026. In March 2026, there were 3,578 homes for sale (all housing types), a 10.3% increase when compared to March 2025. Buyers are looking at more homes before making decisions. Keep in mind supply of homes may vary by neighborhood and style of home. Monitoring recent sales and active properties is key for both buyers and sellers.
At the end of May 2026, Ottawa remains in a balanced market with a sales-to-new-listings ratio of 48.2%. Ottawa’s inventory of homes (all housing types) is 3.0 months (this is the number of months it would take to sell current inventories at the current rate of sales activity). However months of inventory varies across property type and region. For single family homes was: 2.7 months, down from the previous month of 3.1. Months of Inventory for townhomes was: 2.7 months compared to 3.0 months in April. Months of Inventory for apartments decreased to 4.8 months from 4.9 months in April.
Click here to read our Ottawa Market Update May 2026 – 50 Years of Change.
Source: Seasonal Activity Improves, but Ottawa’s May Market Remains Cautious
Trans Canada Trail in Kanata South
Latest Mortgage Information
Today’s Mortgage Rate Landscape for Ottawa Buyers
As we move further into the Ottawa spring market, many buyers are adjusting to today’s interest rate environment while taking advantage of increased inventory and more balanced market conditions. Strategic financing and early pre-approvals continue to be key tools for buyers looking to stay competitive and confident in today’s market.
Current rate offerings include:
Insured Purchases (Less Than 20% Down)
- 3 Year Fixed: 3.99%
- 5 Year Fixed: 4.09%
- 5 Year Variable: 3.6%
Conventional Purchases (20% or More Down)
- 3 Year Fixed: 4.29%
- 5 Year Fixed: 4.19%
- 5 Year Variable: 3.8%
Investment / Rental Properties
- 3 Year Fixed: 4.5%
- 5 Year Fixed: 4.64%
- 5 Year Variable: 4.14%
Rates and mortgage products can vary depending on credit profile, property type, amortization, down payment, and overall application strength. One of the best strategies when entering the market is securing a mortgage pre-approval, which can hold an interest rate for approximately 120–130 days and help protect buyers against potential rate increases while they shop with confidence.
Please feel free to reach out to me with any questions.
Reni McNeil
Mortgage Brokers Ottawa
Apply online: www.renimcneil.ca
renim@mortgagebrokersottawa.com
License: 11759
Forests Canada Needs Our Help
As we spend more time in our local forests and parks, whether it be for a weekend camping getaway, a picnic lunch or play in your local park, now is a good time to help our forests.
If you can please consider making a donation for Forests Canada in support of keeping our forests strong.
Please visit Forests Canada to learn more, volunteer or donate!
Ottawa 200
Communities across the Nation’s Capital are invited to mark the 200th anniversary of the founding of Bytown on September 26, 1826.
Under the theme Celebrate Together, the City of Ottawa, Ottawa Tourism and many local partners will welcome residents and visitors to join in a year filled with special moments.
Things to Do in June/July 2026
- Spring Festivals in Ottawa – Throughout June & July
- Parkdale Night Market– June 10 & more (Wed. nights)
- Nature After 5 – June 11 & more (Thursdays after 5 pm)
- Festival Franco-Ontarien – June 11-13
- Stittsville Front Porch Concert Series – June 18
- Ottawa Redblacks – June 20 & more
- Tim Hortons Ottawa Dragon Boat Festival – June 19-21
- Ottawa Fringe Festival – June 18-28
- Ottawa Jazz Festival – June 18-28
- Kinburn Celebrates 200 years of Bytown Ottawa – June 20
- Father’s Day Car Show – June 21
- Annual Inspection of the Ceremonial Guard – June 26
- Canada Day – July 1, 2026
- Atletico Ottawa – July 4
See more events:
Buying a Home
We know the Ottawa real estate market and have the expertise to help you find your new home in the neighbourhood suited to your lifestyle!
Buyer Resources
Selling a Home
To help potential sellers, we’ve created a home sellers’ guide that is divided into several topics, from evaluating your home to receiving offers.
Sellers Resources
- Selling & Buying at the Same Time
- Home Sellers’ Guide
- Staging Your Home
- Creating Curb Appeal
- Reacting to Offers
- Receive $50.00 off from 1-800-GOT-JUNK?
Contact Us for Details!
Inground vs. Above Ground Pool?
If you are thinking of installing a pool in your backyard, consider both options, in-ground & above ground pools. Here are the pros & cons of each.
Role of a Real Estate Lawyer When Buying a Home
Purchasing a home is a big investment. It is important to ensure you select the right real estate lawyer to represent your best interests in the closing.
Landscaping Tips to Increase Your Property Value
How to increase your property’s value? Create beautiful curb appeal. Landscaping helps to create a great first impression. Here are some tips.
Featured Homes for Sale, Rent & Recently Sold
We would be happy to answer any of your questions about these beautiful homes, the greater Ottawa real estate market and market activity in specific neighborhoods.
Testimonials
Hi Joan, Victoria and Luc,
Martin and I were extremely happy with all of the services we received, from our market evaluation, straight until the sale of our home. The market evaluation was presented in a professional and easy to understand manner, and the materials we were provided were more than sufficient for us to understand where our house stood in comparison to others in the area. We were very pleased with the professional photographer and the resulting photos, along with the ‘virtual tour’ and are confident that these beautiful photos along with your aggressive advertising strategy were instrumental in selling our home so quickly. We really liked the website you created for us to quickly check for feedback after showings, and it was always promptly updated. We were also impressed by the level of advertising our house received in the short time it was on the market.
It was a pleasure to sell our home with all of you, and it was comforting knowing that our home sale depended on such an experienced and competent team. You’ll be hearing from us again to help us find a new home when we make the move back to Ottawa in a few years! We will also be passing your card along to our work colleagues who are also required to relocate periodically as we are.
Thank you again for the great service,
Jena & Martin