15 Jun June 2026 Newsletter – Staying in Touch

Posted at 11:04h in Blog, Buyer Tips, Home decor, Homeowner Tips, In the Community, Investment Properties, Market Update, Market Value, Mortgages, Moving Tips, New Build Construction, Newsletter, Ottawa neighbourhoods, Press, Renovations, Selling Tips by jsmith

June 2026 Newsletter – Staying in Touch

Read the full issue of June 2026 Newsletter – Staying in Touch

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: