In Riviera Towers — a beautifully renovated 19th-floor corner unit with breathtaking views of the Ottawa River and Parliament Hill 🌇

1,574 sq ft of turn-key living, sun-filled solarium, and an open balcony — all in the heart of Ottawa.

Enjoy resort-style amenities:
🏊 Indoor & outdoor pools
🎾 Tennis & pickleball courts
🏋️ Fully equipped gyms
🎱 Games & party rooms
🚲 Bike storage + workshop
🚗 Underground parking + car wash
🛡️ 24-hour security

Another incredible property locked in 🔒

Spring Market Heats Up with Rising Inventory & Stable Prices 🌷🏡

Let’s break it down in a simple, data-driven way 👇

🏠 Key Market Highlights (March 2026)

• Homes Sold: 1,075 ⬇️ (-4.7% YoY)

• Average Price: $692,584 ⬆️ (+0.9% YoY)

• New Listings: 2,452 ⬆️ (+7.5%)

• Active Listings: 3,578 ⬆️ (+10.3%)

🏡 Breakdown by Property Type

🏠 Single-Family Homes

• Average Price: $845,006

• Sales: 562

• Inventory: 3.0 months

🏘️ Townhomes

• Average Price: $562,513

• Sales: 344

• Inventory: 2.8 months

🏢 Apartments

• Average Price: $401,656

• Sales: 148

• Inventory: 5.5 months

📉 Sales vs Previous Years

• March 2026: 1,075

• March 2025: 1,128

• March 2024: 1,158

• March 2023: 1,072

📈 Inventory is Rising = More Buyer Choice

• Active listings: 3,578 (↑ 10.3%)

• Months of inventory: 3.3

💰 Prices Holding Strong (Despite More Supply)

Even with more listings:

• Average price ↑ 0.9% YoY

• Benchmark prices are rising month-over-month

📍 Final Thoughts

Ottawa’s real estate market in 2026 is all about balance ⚖️.  We’re seeing:

👉 Stable prices
👉 Rising inventory
👉 Gradual return of buyer confidence

📞 Thinking of Buying or Selling?

Now is a great time to plan your move. Whether you’re upgrading, investing, or buying your first home — strategy matters more than ever.

👉 Reach out today for a personalized market analysis 📊

Jai Patel,  Ottawa Realtor®   

613.404.8706

A new policy announced by the provincial and federal governments will temporarily expand the HST rebate on new homes to all buyers —not just first-time buyers—for one year  (1st April 2026 to 31st March 2027).

This move could significantly reshape the real estate market across the province.

What Is the HST Rebate Expansion?

In Ontario, buyers of new construction homes pay 13% HST, but may qualify for rebates on both the federal and provincial portions.

• Federal rebate: 5% upto 50,000$ 

• Ontario rebate: 8% upto 80,000$

Combined, these rebates can significantly reduce the cost of buying a new home after legislation is passed.

👉 The key change:
This benefit is now available to ALL BUYERS (for a limited time), not just first-time purchasers.

Impact on New Construction Homes

Stronger Demand for New Builds

This incentive makes pre-construction and new inventory much more attractive:

• Lower upfront costs

• Better affordability

• Increased investor interest

Boost for Builders

Builders are expected to benefit from:

• Faster sales

• Reduced unsold inventory

• More project launches

Condo Market Revival

Struggling condo markets may see renewed demand as investors re-enter due to improved economics.

Who Benefits Most?

• Move-up buyers – now eligible for rebates

• Investors – improved returns on new builds

• First-time buyers – still benefit the most

Key Takeaway

This one-year policy creates a limited window of opportunity:

• ✅ New construction becomes significantly more attractive

• ⚠️ Resale properties face short-term pressure

• 📈 Builders gain momentum

Bottom line:
If you’re considering buying in Ontario, this could be one of the best opportunities in years to purchase a new home with major tax savings.

📩 Thinking of Buying a Preconstruction Home in Ottawa ?

Call Me for VIP Access to Builder Inventory & Exclusive Pricing.

👤 Jai Patel
📞 613-404-8706

📍 Ottawa Real Estate

Key Market Changes Compared to February 2025

Ottawa’s housing market in February 2026 showed slower sales but rising inventory compared with the same month last year. More homes on the market are giving buyers more choice and negotiating power, while prices remain relatively stable overall.

📊 Key Market Changes

📈 Market Trends by Property Type

February 2026 vs February 2025

🏠 Detached Homes (Single-Family)

🏘️ Townhouses (incl. condo towns)

🏢 Condo Apartments

📌 Market Summary

Comparing February 2026 vs February 2025:

🏠 Detached Homes: Stable pricing despite fewer sales
🏘️ Townhomes: Higher demand but prices adjusting downward
🏢 Condos: Lower demand with significantly higher inventory

Overall, Ottawa real estate is shifting toward balanced conditions, where buyers have more options and sellers must price homes competitively.

📩 Thinking of Buying or Selling in Ottawa?

Let’s talk about your options.

👤 Jai Patel
📞 613-404-8706

📍 Ottawa Real Estate

📌 Overall Market

🏠 Detached Homes

🏘️ Townhomes (Incl. Condo Towns)

🏢 Condos / Apartments

📞 Thinking of buying, selling, or need market insight? Contact me today.

👋 Jai Patel
📱 613-404-8706
🌐 jaipatelrealtor.ca

Ottawa is entering 2026 with major growth across housing, infrastructure, and community development. New projects are reshaping neighborhoods, boosting housing supply, and creating fresh opportunities for homebuyers, investors, and residents. Here’s a quick look at what’s new in Ottawa real estate this year.

🏡 New Housing Developments Across Ottawa

Ottawa is experiencing one of its strongest construction periods in years. Housing starts jumped significantly through 2025, and 2026 is continuing that momentum.

Key Highlights

• Major federal–city partnership to build up to 3,000 new housing units beginning in 2026.

• Increased focus on affordable and mixed-income developments across the city.

• More builders introducing townhome, condo, and mixed-use communities to meet rising demand.

These new projects are helping improve housing availability for first-time buyers, families, and investors.

🏘️ Major Residential Projects Underway

Several large-scale communities are already transforming Ottawa’s neighborhoods:

Gladstone Village

• Over 330 residential units

• Modern, transit-friendly, mixed-use community

• Includes EV charging, green features, and on-site amenities

More mid-rise and high-rise projects are planned throughout urban and suburban areas, especially along the O-Train corridors.

🧱 Affordable & Modular Housing Initiatives

Ottawa, Ontario, and Habitat for Humanity have partnered to bring more affordable options to families:

• 33 Modular Homes at 40 Beechcliffe Street

• Built on surplus city land

• Designed to support middle-income and first-time buyers

This project highlights Ottawa’s growing commitment to innovative, fast-build, and attainable housing.

🚆 Transit & Infrastructure Expansion

Infrastructure continues to be a major driver of growth in 2026.

What’s Coming

• Convent Glen O-Train Station scheduled to open in 2026 — improving access for Orléans residents.

• The City of Ottawa continues its annual plan of 600+ infrastructure projects, upgrading roads, bridges, utilities, and public facilities.

Improved transit and infrastructure often lead to increased neighborhood value and future development opportunities.

🏛️ Cultural & Civic Projects

Ottawa’s urban core is also evolving with new public spaces and institutions:

• Ādisōke — the new joint Ottawa Public Library & Library and Archives Canada — nearing completion

• Designed to become a major cultural landmark in the downtown district

These additions strengthen Ottawa’s appeal for residents and visitors, supporting surrounding real estate markets.

🏒 Future Vision: LeBreton Flats & New Arena District

Planning continues for a future NHL arena and entertainment district at LeBreton Flats. Once finalized, this redevelopment will include:

• Mixed-use residential towers

• Retail and entertainment spaces

• Public plazas and transit-integrated design

This is one of the most anticipated long-term projects in Ottawa.

✅ What This Means for Ottawa Buyers & Sellers

The 2026 development landscape points to a growing, modernizing city with more housing choice and improved amenities. For real estate clients, this means:

• More newly built homes coming to market

• Stronger neighborhood growth in transit-connected areas

• Opportunities for future value appreciation as infrastructure expands

Whether you’re buying, selling, or investing in Ottawa, these projects will shape the market throughout 2026 and beyond.

JAI PATEL REALTOR® 613.404.8706

📊✨ December 2025 Market Snapshot

• 🏠 Homes Sold: 587

• 🆕 New Listings: 644

• 📋 Active Listings: 2,544

• 💰 Avg. Sale Price: $658,943

• 🤝 Sale-to-List Price Ratio: 97.2%

• ⏳ Avg. Days on Market: 38 days

• 💵 Total Dollar Volume: $386.8M

🏘️🔍 Breakdown by Property Type

🏡 Single-Family Homes

• Sales: 271

• Avg Sale Price: $796,608 (⬇️ 2.1% YoY)

• Months of Inventory: 4.3

• Avg. Days on Market: 31 days

🏘️ Townhomes (incl. condo towns)

• Sales: 217

• Avg Sale Price: $548,745 (⬇️ 2.8% YoY)

• Months of Inventory: 2.8

• Avg. Days on Market: 35 days

🏢 Condos / Apartments

• Sales: 78

• Avg Sale Price: $401,465 (⬇️ 4.8% YoY)

• Months of Inventory: 7.9

• Avg. Days on Market: 50.5 days

📅 2025 Year-to-Date  (Ottawa)

• Homes Sold: 13,449  ( +1.3% vs 2024)

• Dollar Volume: $9.42B  ( +4.1% vs 2024)

• Avg Price (YTD): $700,349  ( +2.8%)

• Avg Months of Inventory: 3.2

🔮📉 What This Means Heading Into 2026

• 🛒 Buyers enjoy more listings, more time, and stronger negotiating power

• 🎯 Sellers must focus on pricing, presentation, and smart strategy

• 🏠 Market conditions vary by property type — not a one-size-fits-all market

• 📊 Expect modest ups and downs, not dramatic swings

📞🤔 Thinking of Buying or Selling?

Call me today & let’s build a strategy that fits today’s Ottawa market and your goals.

Jai Patel
REALTOR®
📱 613-404-8706

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