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Ottawa Real Estate: Rising Rates, Shifting Prices & Opportunities Worth Watching.

Ottawa Real Estate Market Update | October 2026

Interest Rates Are Rising. But What Does This Really Mean for Ottawa's Housing Market?

As we approach the final months of 2026, there are some interesting developments taking place in both the Canadian economy and Ottawa's real estate market. Whether you're thinking about buying, selling, investing, or simply keeping an eye on your property's value, there are a few things worth paying attention to.

Interest Rates Are Back in the Spotlight

The Bank of Canada has increased its benchmark interest rate by 0.25 percentage points, bringing it to 2.50%. This marks the first rate increase in three years, following an extended period of stability.

The decision comes as rising energy costs and global geopolitical tensions continue to put pressure on inflation. With Canada's annual inflation rate reaching 3.1% in September, the Bank of Canada faces a difficult balancing act: controlling inflation without placing additional strain on an already fragile economy.

For homeowners approaching a mortgage renewal, this is an important time to review financing options. For buyers, understanding how interest rates affect purchasing power is equally important.

One thing I always emphasize is that interest rates are only one piece of the real estate puzzle. Property values, inventory, negotiating opportunities, and your personal financial circumstances all play a role in determining when it makes sense to make a move.

Ottawa Real Estate | October Market Snapshot

Here's a quick look at some of the latest Ottawa-area market figures:

  • Average Home Price: $781,235

  • Average Condominium Price: $411,142

  • Average Two-Bedroom Rent: $2,300/month

  • Average 5 year- Fixed Rate: 3.79% to 4.99%

Market estimates vary by property type, location, and financing terms.

What I'm Seeing in Ottawa's Housing Market

One of the more interesting shifts we're seeing is the return of negotiating power for buyers.

With more properties available and sales activity slowing, buyers have something they haven't enjoyed in quite some time: greater choice, more flexibility, and the opportunity to make decisions without feeling rushed.

I'm particularly interested in the condominium market, where softer pricing and increased inventory are creating opportunities for first-time buyers, downsizers, and investors. For those who have been waiting on the sidelines, this may be a market worth revisiting.

For sellers, the message is equally important. Properties are still selling, but buyers are more selective. Pricing a home correctly from the outset, presenting it beautifully, and ensuring it reaches the right audience can make a significant difference in both the time it takes to sell and the final sale price.

Is Now the Right Time to Make a Move?

That's a question I'm asked frequently, and my answer is always the same: it depends on your goals, your circumstances, and the opportunities available to you.

There is no single market that is perfect for everyone.

A buyer may benefit from today's increased inventory and negotiating flexibility. A seller may still achieve an excellent result with the right pricing and marketing strategy. And for homeowners approaching mortgage renewal, reviewing options well in advance can make a meaningful difference.

What matters most is having accurate information and a clear understanding of your options.

Let's Stay Connected

I've had the privilege of helping clients navigate Ottawa's real estate market through many different economic cycles, and one thing remains constant: informed decisions and thoughtful strategies lead to better outcomes.

Whether you're curious about your home's current value, exploring an investment opportunity, considering a move, or have questions about mortgage rates, I'm always happy to share my perspective and connect you with trusted industry professionals.

Sometimes a simple conversation is all it takes to uncover an opportunity you hadn't considered.

I welcome your questions and look forward to hearing from you.

Warm regards,

Shara Turner
Sotheby's International Realty Canada
Ottawa, Ontario

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New property listed in Brockville

I have listed a new property at 601 109 King Street E in Brockville. See details here

Welcome to Suite 601 at 109 King Street East, where breathtaking panoramic views of the St. Lawrence River create an extraordinary backdrop to everyday life. From the moment you enter this beautifully positioned two-bedroom residence, your eyes are drawn to the water. Expansive, unobstructed views stretch across the river and ever-changing sky, filling the home with natural light and creating a remarkable sense of calm. Designed for comfortable living and effortless entertaining, the open-concept kitchen, dining and living areas flow seamlessly together, all oriented to showcase the spectacular river outlook. Step onto the oversized covered balcony-an extension of the living space and an idyllic setting for morning coffee, evening cocktails or simply watching the boats glide along the St. Lawrence.The thoughtful layout features two comfortable bedrooms, a full main bathroom and a convenient two-piece ensuite in the primary bedroom. Parking and a dedicated storage unit are also included.Residents enjoy a warm and welcoming community within this secure, fob-entry building, along with excellent amenities including an outdoor in-ground pool, fitness room and inviting residents' lounge/party room.Ideally located in the heart of Brockville, you'll enjoy a relaxed waterfront lifestyle just moments from downtown shops, restaurants and services. Whether downsizing, seeking a full-time residence or an inviting retreat by the river, Suite 601 offers an exceptional combination of spectacular views, convenient amenities and a wonderful sense of community-with the St. Lawrence River at your doorstep.Photos have been virtually staged.

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I have sold a property at 2182 Winsome Terrace in Orleans - Cumberland and Area

I have sold a property at 2182 Winsome Terrace in Orleans - Cumberland and Area on Sep 28, 2026. See details here

This is your opportunity to live in a gorgeous 4-year-old Mattamy-built Lilac Model - 3 Bedroom Townhouse! This residence is located in the highly desired Jardin Crossing in Orleans and is only 20 minutes to downtown Ottawa. The home has been beautifully upgraded with hardwood flooring on the main level, and offers an open-concept, light-filled, airy design perfect for entertaining and for family living. Enjoy a gourmet kitchen, outfitted with quartz countertops and backsplash, a bar area, and a full stainless steel appliance package. Slide open your patio doors and step outside into your sun-filled backyard from the breakfast area. The upstairs features a very spacious master bedroom with a walk-in closet and a beautiful ensuite bathroom. Upstairs, you will also find 2 additional bedrooms, a laundry room, and a full 3-piece bathroom. The basement is fully finished and boasts a large recreation room and an abundance of storage space. This home offers endless opportunities for a working professional or a family. This gorgeous home is conveniently located close to highly rated schools, public transit, the mall, and access to the highway. Call today to arrange a showing.

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I have sold a property at 198 Keltie Private in Barrhaven

I have sold a property at 198 Keltie Private in Barrhaven on Aug 18, 2026. See details here

Welcome to 198 Keltie Private, a bright and beautifully designed upper-level stacked townhome offering an exceptional combination of style, space and convenience. Ideally located directly across from an array of amenities, restaurants and public transit, and situated within a highly regarded school zone in a family-friendly neighbourhood, this home puts everything you need within easy walking distance. The thoughtfully designed open-concept layout is enhanced by striking 18-foot vaulted ceilings and oversized windows that fill the living space with natural light. The spacious kitchen offers direct access to a private balcony, with convenient full-sized laundry located just off the kitchen. A second balcony off the oversized primary bedroom provides an inviting outdoor retreat. The primary suite features a walk-in closet and convenient cheater access to a wellappointed bathroom with a large spa-style soaker tub. A generous second bedroom and versatile second-floor family room/office provide excellent flexibility for work and relaxation. Additional highlights include a unique architectural design, abundant natural light and an exceptionally spacious floor plan rarely found in such a convenient location. An exceptional opportunity for discerning tenants seeking a stylish, spacious home in an unbeatable location. A+ tenants preferred. Employment letter, recent credit check, three recent pay stubs, government-issued photo ID, references and completed rental application required.

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New property listed in Orleans - Cumberland and Area

I have listed a new property at 2182 Winsome Terrace in Orleans - Cumberland and Area. See details here

This is your opportunity to live in a gorgeous 4-year-old Mattamy-built Lilac Model - 3 Bedroom Townhouse! This residence is located in the highly desired Jardin Crossing in Orleans and is only 20 minutes to downtown Ottawa. The home has been beautifully upgraded with hardwood flooring on the main level, and offers an open-concept, light-filled, airy design perfect for entertaining and for family living. Enjoy a gourmet kitchen, outfitted with quartz countertops and backsplash, a bar area, and a full stainless steel appliance package. Slide open your patio doors and step outside into your sun-filled backyard from the breakfast area. The upstairs features a very spacious master bedroom with a walk-in closet and a beautiful ensuite bathroom. Upstairs, you will also find 2 additional bedrooms, a laundry room, and a full 3-piece bathroom. The basement is fully finished and boasts a large recreation room and an abundance of storage space. This home offers endless opportunities for a working professional or a family. This gorgeous home is conveniently located close to highly rated schools, public transit, the mall, and access to the highway. Call today to arrange a showing.

Read

New property listed in Barrhaven

I have listed a new property at 198 Keltie Private in Barrhaven. See details here

Welcome to 198 Keltie Private, a bright and beautifully designed upper-level stacked townhome offering an exceptional combination of style, space and convenience. Ideally located directly across from an array of amenities, restaurants and public transit, and situated within a highly regarded school zone in a family-friendly neighbourhood, this home puts everything you need within easy walking distance. The thoughtfully designed open-concept layout is enhanced by striking 18-foot vaulted ceilings and oversized windows that fill the living space with natural light. The spacious kitchen offers direct access to a private balcony, with convenient full-sized laundry located just off the kitchen. A second balcony off the oversized primary bedroom provides an inviting outdoor retreat. The primary suite features a walk-in closet and convenient cheater access to a wellappointed bathroom with a large spa-style soaker tub. A generous second bedroom and versatile second-floor family room/office provide excellent flexibility for work and relaxation. Additional highlights include a unique architectural design, abundant natural light and an exceptionally spacious floor plan rarely found in such a convenient location. An exceptional opportunity for discerning tenants seeking a stylish, spacious home in an unbeatable location. A+ tenants preferred. Employment letter, recent credit check, three recent pay stubs, government-issued photo ID, references and completed rental application required.

Read

I have sold a property at 221 129B South Street in Gananoque

I have sold a property at 221 129B South Street in Gananoque on Jul 21, 2026. See details here

Experience refined waterfront living along the iconic St. Lawrence River in this exceptional 2-bedroom, 2-bathroom corner residence. Showcasing sweeping 270-degree panoramic views to the south, west, and north, this home captures ever-changing skies, sparkling water, and unforgettable sunsets from nearly every vantage point. Designed for those who appreciate both luxury and lifestyle, this residence offers a rare and coveted 44-foot private boat slip-inviting you to move seamlessly from elegant everyday living to effortless escapes on the water. Inside, a thoughtfully designed open-concept layout blends sophistication with comfort. A striking stone accent wall anchors the living space, where a sleek fireplace and curved 60" television create a warm, contemporary focal point-perfect for both intimate evenings and elevated entertaining. The gourmet kitchen is a statement in both form and function, featuring high-end appliances, marble countertops, a custom backsplash, and a layout designed to maximize space and flow. Throughout the home, upgraded hardwood flooring, motorized smart blinds, and curated lighting enhance the sense of modern luxury. The primary suite offers a tranquil retreat, complete with a spa-inspired ensuite and serene water views-an ideal place to unwind and recharge. Additional features include two parking spaces and a generous storage locker, ensuring convenience matches the home's elegance. This is more than a residence-it is a rare opportunity to embrace a sophisticated waterfront lifestyle, where luxury, comfort, and natural beauty converge. Please note that some photos have been virtually staged.

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Open House. Open House on Saturday, July 18, 2026 12:00PM - 2:00PM

Please visit our Open House at 221 129B South Street in Gananoque. See details here

Open House on Saturday, July 18, 2026 12:00PM - 2:00PM

Experience refined waterfront living along the iconic St. Lawrence River in this exceptional 2-bedroom, 2-bathroom corner residence. Showcasing sweeping 270-degree panoramic views to the south, west, and north, this home captures ever-changing skies, sparkling water, and unforgettable sunsets from nearly every vantage point. Designed for those who appreciate both luxury and lifestyle, this residence offers a rare and coveted 44-foot private boat slip-inviting you to move seamlessly from elegant everyday living to effortless escapes on the water. Inside, a thoughtfully designed open-concept layout blends sophistication with comfort. A striking stone accent wall anchors the living space, where a sleek fireplace and curved 60" television create a warm, contemporary focal point-perfect for both intimate evenings and elevated entertaining. The gourmet kitchen is a statement in both form and function, featuring high-end appliances, marble countertops, a custom backsplash, and a layout designed to maximize space and flow. Throughout the home, upgraded hardwood flooring, motorized smart blinds, and curated lighting enhance the sense of modern luxury. The primary suite offers a tranquil retreat, complete with a spa-inspired ensuite and serene water views-an ideal place to unwind and recharge. Additional features include two parking spaces and a generous storage locker, ensuring convenience matches the home's elegance. This is more than a residence-it is a rare opportunity to embrace a sophisticated waterfront lifestyle, where luxury, comfort, and natural beauty converge. Please note that some photos have been virtually staged.

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I have sold a property at 2 Parkglen Drive in Meadowlands - Crestview and Area

I have sold a property at 2 Parkglen Drive in Meadowlands - Crestview and Area on Jul 7, 2026. See details here

Nestled in the prestigious Ryan Farm community of Meadowlands/St. Clair, this exceptional executive bungalow has been masterfully renovated to the highest standards, offering an elegant turnkey lifestyle for the most discerning buyer. From the moment you arrive, the striking stone façade, custom solid wood front entry door, custom concrete driveway, and professionally landscaped grounds create an unforgettable first impression. Inside, rich engineered hardwood floors, custom millwork, and designer finishes complement the spectacular chef-inspired kitchen featuring premium Fisher & Paykel appliances. The thoughtfully designed main level offers two spacious bedrooms and two beautifully appointed bathrooms, including a luxurious primary suite. The professionally finished lower level extends the living space with a generous family room, custom bar area, third bedroom, and full bathroom-ideal for entertaining, overnight guests, or a private retreat. Step outside to your own backyard oasis. Multiple tiered entertaining spaces lead to a sparkling in-ground pool, custom cedar cabana with bar, fire wall, fire pit, cedar deck with glass railings, and beautifully landscaped gardens, creating the perfect setting for summer entertaining or quiet evenings at home. Ideal for professional couples, downsizers, or those seeking the convenience of condominium living without sacrificing the privacy of a detached home, this residence offers the perfect blend of luxury, comfort, and low-maintenance living. Ideally located in one of Ottawa's most desirable neighbourhoods, you'll enjoy quick access to shopping, restaurants, parks, excellent schools, public transit, the O-Train, Algonquin College, Carleton University, and Ottawa's major transportation routes. A rare opportunity to own a truly turnkey luxury bungalow where exceptional craftsmanship, resort-style outdoor living, and an unbeatable location come together in one remarkable home.

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Open House. Open House on Saturday, July 4, 2026 1:00PM - 3:00PM

Please visit our Open House at 221 129B South Street in Gananoque. See details here

Open House on Saturday, July 4, 2026 1:00PM - 3:00PM

Experience refined waterfront living along the iconic St. Lawrence River in this exceptional 2-bedroom, 2-bathroom corner residence. Showcasing sweeping 270-degree panoramic views to the south, west, and north, this home captures ever-changing skies, sparkling water, and unforgettable sunsets from nearly every vantage point. Designed for those who appreciate both luxury and lifestyle, this residence offers a rare and coveted 44-foot private boat slip-inviting you to move seamlessly from elegant everyday living to effortless escapes on the water. Inside, a thoughtfully designed open-concept layout blends sophistication with comfort. A striking stone accent wall anchors the living space, where a sleek fireplace and curved 60" television create a warm, contemporary focal point-perfect for both intimate evenings and elevated entertaining. The gourmet kitchen is a statement in both form and function, featuring high-end appliances, marble countertops, a custom backsplash, and a layout designed to maximize space and flow. Throughout the home, upgraded hardwood flooring, motorized smart blinds, and curated lighting enhance the sense of modern luxury. The primary suite offers a tranquil retreat, complete with a spa-inspired ensuite and serene water views-an ideal place to unwind and recharge. Additional features include two parking spaces and a generous storage locker, ensuring convenience matches the home's elegance. This is more than a residence-it is a rare opportunity to embrace a sophisticated waterfront lifestyle, where luxury, comfort, and natural beauty converge. Please note that some photos have been virtually staged.

Read

New property listed in Meadowlands - Crestview and Area

I have listed a new property at 2 Parkglen Drive in Meadowlands - Crestview and Area. See details here

Nestled in the prestigious Ryan Farm community of Meadowlands/St. Clair, this exceptional executive bungalow has been masterfully renovated to the highest standards, offering an elegant turnkey lifestyle for the most discerning buyer. From the moment you arrive, the striking stone façade, custom solid wood front entry door, custom concrete driveway, and professionally landscaped grounds create an unforgettable first impression. Inside, rich engineered hardwood floors, custom millwork, and designer finishes complement the spectacular chef-inspired kitchen featuring premium Fisher & Paykel appliances. The thoughtfully designed main level offers two spacious bedrooms and two beautifully appointed bathrooms, including a luxurious primary suite. The professionally finished lower level extends the living space with a generous family room, custom bar area, third bedroom, and full bathroom-ideal for entertaining, overnight guests, or a private retreat. Step outside to your own backyard oasis. Multiple tiered entertaining spaces lead to a sparkling in-ground pool, custom cedar cabana with bar, fire wall, fire pit, cedar deck with glass railings, and beautifully landscaped gardens, creating the perfect setting for summer entertaining or quiet evenings at home. Ideal for professional couples, downsizers, or those seeking the convenience of condominium living without sacrificing the privacy of a detached home, this residence offers the perfect blend of luxury, comfort, and low-maintenance living. Ideally located in one of Ottawa's most desirable neighbourhoods, you'll enjoy quick access to shopping, restaurants, parks, excellent schools, public transit, the O-Train, Algonquin College, Carleton University, and Ottawa's major transportation routes. A rare opportunity to own a truly turnkey luxury bungalow where exceptional craftsmanship, resort-style outdoor living, and an unbeatable location come together in one remarkable home.

Read

Open House. Open House on Saturday, May 30, 2026 11:30AM - 1:30PM

Please visit our Open House at 221 129B South Street in Gananoque. See details here

Open House on Saturday, May 30, 2026 11:30AM - 1:30PM

Experience refined waterfront living along the iconic St. Lawrence River in this exceptional 2-bedroom, 2-bathroom corner residence. Showcasing sweeping 270-degree panoramic views to the south, west, and north, this home captures ever-changing skies, sparkling water, and unforgettable sunsets from nearly every vantage point. Designed for those who appreciate both luxury and lifestyle, this residence offers a rare and coveted 44-foot private boat slip-inviting you to move seamlessly from elegant everyday living to effortless escapes on the water. Inside, a thoughtfully designed open-concept layout blends sophistication with comfort. A striking stone accent wall anchors the living space, where a sleek fireplace and curved 60" television create a warm, contemporary focal point-perfect for both intimate evenings and elevated entertaining. The gourmet kitchen is a statement in both form and function, featuring high-end appliances, marble countertops, a custom backsplash, and a layout designed to maximize space and flow. Throughout the home, upgraded hardwood flooring, motorized smart blinds, and curated lighting enhance the sense of modern luxury. The primary suite offers a tranquil retreat, complete with a spa-inspired ensuite and serene water views-an ideal place to unwind and recharge. Additional features include two parking spaces and a generous storage locker, ensuring convenience matches the home's elegance. This is more than a residence-it is a rare opportunity to embrace a sophisticated waterfront lifestyle, where luxury, comfort, and natural beauty converge. Please note that some photos have been virtually staged.

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