Market Updates Feb 23- March 1, 2026

During the week of Feb 21– March 1, 2026, a total of 127 (compared to 110 last week) homes were sold in Ottawa. Of those, 21 homes sold for over $1 million, compared to a total of 19 such sales the week before.

Homes sold above $1m:

https://portal.onehome.com/en-CA/share/1615344y52538⬇️

Crown Jewel Sale of the Week:

The most expensive home sold in Ottawa this week is a single-family home with a three-car garage, backing onto the golf course in Kanata Lakes. Listed for $1,879,000 on January 22, 2026, it sold firm for $1,800,000 on February 23, 2026. The property features a 71-foot wide by 117-foot deep lot and was built in 1989. Having been meticulously maintained by the same owners for decades, the home is in impeccable condition. https://portal.onehome.com/en-CA/share/1616580n40728

Other Homes Sold Above $1m:

Kanata Lakes:

1. A three-storey townhome, featuring a basement, rooftop terrace, elevator, and backyard, sold for $1,025,000. Originally listed for $1,050,000 on February 7, 2026, the 2010-built home represents a great benchmark for the homes on this street. For comparison, a similar townhouse on the same street sold for$1,080,000 during the week of February 9–15, 2026.(https://guanguanrealty.com/2026/02/17/market-updates-feb-17-2026/)
2. Built in 1966, a bungalow in the Beaverbrook area sold for $1,062,000 on February 27, 2026, just one week after hitting the market. The home features a single-car garage and offers 1,386 sq. ft. of living space above grade. It is fully renovated, with many significant updates completed in 2025. Situated on an expansive 8,503 sq. ft. (0.195-acre) lot, the home also includes a fully finished basement.

Kanata North / South March

A townhome with double garage was sold for $1,155,000. https://portal.onehome.com/en-CA/share/1616600P47697

Bridlewood:

What does a $1.1 million home in Bridlewood look like? This particular property sits on an oversized pie-shaped lot measuring 15,801 sq. ft. (0.363 acres), featuring a swimming pool and no rear neighbours. Built in 1990, the home offers approximately 2,900 sq. ft. of living space above grade. The basement is unfinished.

Stittsville:

In the Edenwylde community, A Tamarack-built bungalow was sold for $1,062,000 . The lot measures 10,053.48 ft²(0.231 ac). This home was built in 2021 and offers 1,594 sq.ft of living space above grade. The new home in Tamarack’s Idylee community is priced at about 1m. Including the finished basement, this model is about 1970 sq.ft.

Barrhaven:

In the Hearts Desire community of Barrhaven, a 1982-built home recently sold for $1,225,000. Why the high price point? The primary driver is the expansive lot size.

Findlay Creek:

An HN Home‘s Kenson model recently sold for $1,060,000. The Kenson has been one of the bestselling 44′ models over the past few years, with many previously selling for above $1.2 million in Riverside South.

2-Storey Townhomes:

During the week of Feb 23- March 1, 2026, a total of 38 (up from 25 last week) 2-Storey townhomes were sold in Ottawa: https://portal.onehome.com/en-CA/share/1616540R91915

Sandy Hill | Downtown

The most expensive two-storey townhome sold last week is a historic property in Sandy Hill. Built in 1872, this home offers 1,822 sq. ft. of living space above grade. Originally listed for $789,000, it sold unconditional for $841,000—well above the asking price. (https://portal.onehome.com/en-CA/share/1616551C81084)

Riverside South:

A 2025-built Richcraft “Fairhaven” model recently sold for $787,400. Good sale.

A Cardel Home’s Aspen model recently sold for $700,000, over two months after hitting the market. Originally listed at $719,000, the price was later reduced to $709,000. This home offers 2,263 sq. ft. of total living space, including a finished basement, and features four bedrooms on the second floor.

Other:

A Tamarack‘Camden’ end unit recently sold for $645,528, a lot below the asking price. Originally listed for $725,447, this sale represents a good value for the buyer. Great purchase! https://portal.onehome.com/en-CA/share/1616589h38168

Current Inventory:

Here is the current inventory for several areas of the Ottawa market as of today; the numbers in the brackets are inventory of last week.

Current inventory levels for specific communities are as follows:

Summary (Guan Guan’s observation, for reference only):

We are seeing a slight increase in inventory across the city. Homes with unique features, such as oversized pie-shaped lots, 3-car garage, etc., continue to perform very well. In contrast, it has become increasingly challenging for standard homes lacking these unique characteristics to achieve premium prices. Despite this, we are still seeing instances where some buyers are overpaying for their purchases.

If you have any questions or ideas, please don’t hesitate to contact Guan Guan!