How Much Is My House Worth in Ottawa?

The city numbers

What the Ottawa price figures tell you, and what they don’t

The Ottawa Real Estate Board publishes three price figures each month, and they measure different things. Its October 2026 release, published November 5, 2026, put the average residential sale price at $678,512 and the median at $622,000.

The third figure, the MLS® Home Price Index composite benchmark, was $616,900. OREB explains that the index tracks homes with consistent characteristics, which reduces the influence of changes in the mix of homes sold. An average rises in a month when more large houses sell, even if no single house gained value.

OREB’s October benchmarks by property type, with how long the supply of each would last at October’s pace:

• Single-family: $699,200, down 0.8% from a year earlier, with 4.0 months of inventory.
• Townhouse: $539,800, down 4.3%, with 3.6 months of inventory.
• Apartment: $377,500, down 5.3%, with 7.4 months of inventory.

These figures describe the city, not your house. When an Ottawa real estate agent prices a home, the starting point is the sales on your street and in your neighbourhood, because that is what a buyer will compare it with.

The method

How a comparative market analysis sets your home’s value

A comparative market analysis, or CMA, is how agents price a home for sale. It reads your home against the market a buyer actually sees. The steps:

1. Choose recent sales of homes like yours: the same property type, in the same neighbourhood, sold in the last few months.
2. Add the homes for sale now. They are the ones a buyer will tour before or after yours.
3. Adjust for the differences: size, layout, condition, age, updates, lot, basement finish and parking.
4. Settle on a value range, then a list price and a plan for launching at it.

OREB’s October release says recent sales and competing listings in the same neighbourhood and property type are essential to setting realistic prices. Neighbourhood matters because conditions vary across the city. Months of inventory ranged from 3.5 in Ottawa Suburb East to 6.6 in Ottawa Centre and 7.3 in Ottawa Rural East.

How our home evaluation works

Our home evaluation in Ottawa is this analysis, prepared by an agent on our team. You start with your address, so the analysis begins from the right street, then add your contact details.

The agent compares recent nearby sales with the homes buyers can choose from today, and may ask to see your home or what has been updated. Then you go through the analysis together, with time for your questions. It is an agent’s opinion of market value, not an appraisal.

Know which is which

Appraisal, assessment and list price: three different numbers

An appraisal

An appraisal is a formal opinion of value from a trained appraiser. In Canada, the Appraisal Institute’s Canadian Residential Appraiser (CRA®) designation qualifies its holder to appraise single-family homes, semi-detached houses, condominiums and townhouses with up to four units.

Lenders rely on it. The Financial Consumer Agency of Canada defines home equity as the difference between your home’s appraised value and what you owe on it, and says you may need an appraisal to borrow against it. CREA’s REALTOR® Code bars a REALTOR® from performing an appraisal without the appropriate training.

An assessment

MPAC’s value for property tax, which for 2026 still reflects January 1, 2016.

A list price

The price you ask, chosen from the comparative market analysis and your plan for the sale. In October 2026 Ottawa homes sold for an average of 97.5% of their list price, OREB reported, so the gap between asking and selling was small on average. A list price set well above the comparable sales tends to sit while buyers tour the homes priced beside it.