Happy November!
Remembrance day is coming soon and we are thankful to all the men and women who have and continue to serve our country. Click here to see the Remembrance Day ceremonies and events taking place in Ottawa this November.
Royal LePage’s latest release reports that most major markets in the third quarter reacted to the fresh round of tariffs on Canadian goods. That being said, there is generally a larger selection of homes for sale, giving buyers more time, choice and in some cases more negotiating power. The opportunity is there to purchase your dream home.
As of November 5th, the Ottawa Real Estate Board reports 1,048 properties (residential & condominiums) sold in October 2026, a decrease of 10.7% from September 2025 but up 3.8% from September. For more market information read our 50 Years of Change and our newsletter.
This hockey season we are proud supporters of the U11A Kanata Blazers hockey team and wish them much success with this season. Find out more about their upcoming games and standings.
As we spend more time indoors as the weather gets colder it is important to turn our focus onto safety in the home. Read our latest blog Important Fire Safety Tips for Your Home for some tips and resources.
Its hard to believe Christmas is around the corner, check out these local craft fairs in greater Ottawa. Things to do in Ottawa this weekend & Ottawa Tourism have more great ideas of activities to enjoy in and around the Ottawa area.
We are looking forward to making our homes cozy for the upcoming winter and we would love to hear from you.
Feel free to call/email for a short chat or to answer any questions.
Joan, Victoria & Luc
Follow us on:
@JoanSmithRealEstateFamily 
@JoanSmithRealEstateFamily 
Mrs. Joan Smith 
The Joan Smith Real Estate Family
Market Update
As of November 5th, the Ottawa Real Estate Board reports 1,048 properties (residential & condominiums) sold in October 2026, a decrease of 10.7% from October 2025 and up 3.8% from September. Year to date, 11,335 homes have sold in Ottawa, a 7.3% decline from the same time period in 2025. Single family home sales in October decreased 12.5% year over year, while townhome sales declined 3.0% and apartment sales declined 23.3% from October 2025. There were 4,582 active properties on the market in October, up 6.4% year over year and down 4.8% from September.
The average sale price for homes sold in October 2026 was $678,512, down 4.5% when compared to October 2025 and down about 1.0% from September. The median price was $622,000, down 3.9% from the previous year and down 0.5% from September. Year to date, Ottawa’s average price was $695,598 (down 0.8%) and the median price was $635,000 (down 1.6%), compared to the same period in 2025.
Single-family average price was $823,204 in Octber 2026, about a 3.8% decrease from October 2025, the median price also decreased 2.4% when compared to October 2025. Townhomes average price was $528,732 in October, a decrease of 5.0% when compared to October 2025, the median price also declined 6.5% year over year. Apartments average price was $430,733, down 1.5% from October 2025 and the median price decreased 4.8% year over year.
For Kanata, unit sales in October (all housing types) were 99, translating to approximately a 20.8% decrease when compared with October 2025. For greater Stittsville (includes Stittsville, Richmond, Munster & surrounding area), unit sales in October 2026 (all housing types) were 65 units, a 14% increase compared to October 2025. In Kanata, the average sale price in October 2026 was $678,040 for all housing types (a 5.9% decrease from October 2025). The median days on market was 25 days. For greater Stittsville, the average sale price in October 2026 was $732,961 for all housing types (about a 10% decrease from October 2025), the median price was $685,000, about a 12.7% decrease from October 2025 and the median days on market was 25 days. (Source: OREB, Residential Market Activity and MLS®Home Price Index (HPI) Report, October 2026, District 90 – Kanata & District 82 – Stittsville – Munster – Richmond)
October residential inventory in Ottawa – The inventory of homes on the market in Ottawa in October increased year over year by 3% and up by 38.1% when compared to August 2026. There were 2,382 new listings (all housing types) on the market in October 2026, down 1.2 5 from October 2025 and 18.6% from September. 4,582 homes for sale (all housing types) an increase of 6.4% from October 2025 but down 4.8% from Septmber 2026. Active inventory in Ottawa remains at its second highest October level since October 2016. There is variation across different submarkets, so monitoring in specific neighborhoods and styles of homes is key.
At the end of October 2026, the sales-to-new-listings ratio increased to 44% compared to 34.5% in September. Ottawa’s inventory of homes (all housing types) eased to 4.4 months (this is the number of months it would take to sell current inventories at the current rate of sales activity), from 4.8 months in September. For single family homes was: 4.0 months of inventory, down from the previous month of 4.4 months. Months of Inventory for townhomes was: 3.6 months compared to 4.0 months in September. Months of Inventory for apartments increased to 7.4 months from 7.3 months in September.
Click here to read our Ottawa Market Update October 2026 – 50 Years of Change.
Source: Ottawa Home Sales Edge Higher in October as New Listings Ease, OREB
Latest Mortgage Information
Before the Year Ends: Is Your Mortgage Still Working for You?
As we approach the end of 2026, many homeowners are reviewing their finances, planning for the holidays, and setting financial goals for the new year. One area that often gets overlooked is their mortgage. Your mortgage is likely one of your largest financial commitments, and even small changes can make a meaningful difference to your monthly cash flow and long-term financial picture.
Here are a few things worth considering before heading into 2027.
1. Is It Time to Review Your Mortgage?
If your mortgage is coming up for renewal in the next 12 months, now is a great time to start reviewing your options. You don’t necessarily need to wait for your lender to send a renewal offer. Reviewing your mortgage early gives you time to explore competitive rates, evaluate different lenders, and determine whether your current mortgage structure still meets your needs. And remember, the lowest rate isn’t always the best mortgage. Flexibility, prepayment privileges, penalties, and future plans are equally important.
2. Could Refinancing Improve Your Monthly Cash Flow?
With the rising cost of everyday living, many homeowners are looking for ways to better manage their monthly expenses. Refinancing may allow you to consolidate higher-interest debt, such as credit cards, lines of credit, or vehicle loans, into one manageable payment. It can also provide an opportunity to access home equity for renovations, major expenses, or other financial goals. While refinancing can improve monthly cash flow, it’s important to consider the overall borrowing costs, potential penalties, and whether extending your amortization makes sense for your situation.
Click here to continue reading this article!
Reni McNeil
Mortgage Brokers Ottawa
Apply online: www.renimcneil.ca
renim@mortgagebrokersottawa.com
License: 11759
Disclaimer: The information above is intended as a general overview of the current federal and Ontario GST/HST rebate programs. Eligibility depends on your individual circumstances, the purchase price, occupancy requirements, and the terms of your Agreement of Purchase and Sale. Always consult your realtor, real estate lawyer and tax professional for advice specific to your situation.
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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
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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
Joan and Team,
We would like to thank you for the excellent job in selling our home in what is becoming a challenging market. Several key areas where we would like to express thanks are: the Market Evaluation – it was evident that you spent a lot of time to prepare such an in depth analysis which made it easy for us to understand where we stood in the market and why; Marketing – the quality of the marketing material and advertising was excellent; Negotiating – your experience made the process from offer to acceptance as a smooth as possible.
To sum it up your professionalism at every step of the process impressed us tremendously. We would not hesitate to recommend you and your team to any friends/family who are considering buying or selling a home.
Again thank you for the great job in selling our home!
Darrell and Kathy