CREA Forecasts a Stronger Second Half of 2026: What Ottawa Homeowners Need to Know

If you've been wondering whether now is the right time to sell your home, the latest forecast from the Canadian Real Estate Association (CREA) offers some encouraging news.

While the housing market experienced a slower-than-expected start to 2026, CREA believes the recovery is now underway. With improving market conditions, stabilizing interest rates, and buyers gradually returning, the second half of the year is expected to be more active—particularly here in Ontario.

The Market Is Gaining Momentum

CREA revised its national forecast slightly lower to account for the slower first half of the year, but the overall outlook remains optimistic.

Sales activity began improving in May, and Ontario has been leading that recovery. As mortgage rates stabilize and uncertainty eases, more buyers are expected to re-enter the market over the coming months.

Residential Sales Activity Forecast

As shown above, while 2026 sales are expected to finish slightly below 2025 nationally, CREA forecasts a rebound in 2027, with activity returning to a more typical pace.

Ontario Continues to Stand Out

Unlike most provinces, Ontario is now forecast to experience an increase in home sales in 2026.

According to CREA's updated forecast:

• Ontario home sales are expected to increase by 1.7% in 2026.

• Another 4.3% increase is forecast for 2027.

This suggests growing buyer confidence across the province and could create more opportunities for homeowners considering selling in Ottawa.

Home Prices Are Expected to Remain Stable

Rather than dramatic price swings, CREA expects home values to remain relatively steady.

Nationally, the average home price is forecast to increase by 1.1% in 2026 and another 1.1% in 2027.

In Ontario, the average price is expected to remain relatively stable:

• 2026: Approximately $828,699

• 2027: Approximately $840,108

Residential Average Sale Price Forecast

Stable pricing creates a healthier market for both buyers and sellers, allowing homeowners to make informed decisions without the uncertainty of rapid market shifts.

What Does This Mean for Ottawa Sellers?

While national forecasts don't determine exactly what will happen in Ottawa, they do provide insight into broader market trends.

If you've been considering selling your home, now may be an excellent time to begin preparing.

That means:

• Understanding your home's current market value

• Reviewing comparable sales in your neighbourhood

• Completing any minor repairs or updates

• Planning your marketing strategy before the busy fall market

Homes that are well-priced, professionally marketed, and properly prepared continue to attract the strongest buyer interest.

The Bottom Line

CREA's latest forecast suggests that the market isn't slowing down—it simply took longer than expected to gain momentum.

With Ontario expected to lead the country's recovery and buyer confidence gradually returning, homeowners who prepare early may be well positioned to take advantage of increased activity in the months ahead.

Whether you're planning to sell this fall or simply exploring your options, having a strategy in place can make all the difference.

Thinking About Selling?

Curious what your home could be worth in today's market?

Let's connect for a complimentary home evaluation and discuss the best strategy for achieving your real estate goals.

Start your home search at OttawaSelect.ca or get in touch to discuss your next move with confidence.

Ready to start your home buying journey in Ottawa? We'd love to be part of it. Reach out to us at OttawaSelect.ca — we work with first-time buyers regularly and know how to make a process that can feel overwhelming feel completely manageable..