Ottawa Luxury Market Report — 2026 Outlook

June 7, 2026

Ottawa’s luxury real estate market enters 2026 with strong fundamentals. Limited inventory in Rockcliffe Park and the Glebe continues to drive price appreciation. New construction in Westboro and New Edinburgh is commanding premium pricing, with modern builds regularly exceeding M.

Inventory remains tight across the luxury segment. Properties priced above .5M saw a 12% reduction in days on market compared to the same period last year. Waterfront estates along the Ottawa and Rideau Rivers remain the most sought-after category, with multiple-offer situations becoming increasingly common.

For sellers, the market favors well-presented properties. Professional staging and strategic pricing are essential — overpriced listings are sitting while competitively priced homes move within days. For buyers, working with an agent who has off-market access is becoming critical in this competitive landscape.

Key neighbourhoods to watch: Rockcliffe Park, Westboro, New Edinburgh, and the Glebe continue to lead. Emerging luxury pockets include Old Ottawa South and select Manotick waterfront properties.