Market Updates Feb 16-22, 2026

During the week of Feb 16–22, 2026, a total of 110 homes were sold in Ottawa. Of those, 19 homes sold for over $1 million, compared to a total of 13 such sales the week before.

Homes sold above 1m: ⬇️

Most Expensive Home Sold This Week:

The most expensive home sold in Ottawa this week is a luxury townhome located in the Glebe/Old Ottawa South area at the prestigious Stone Abbey development. It was listed for $2,574,900 on Feb 4, and firm sold for $2,550,000 on Feb 17, 2026.  The property is located beside the Rideau Canal in Old Ottawa South, just across the Bank Street Bridge from TD Place and Lansdowne Park. ⬇️

This project, a collaboration between Windmill Development Group and Southminster United Church, masterfully integrates modern luxury directly into a historic 1930s church site at 15 Aylmer Avenue. Designed by the renowned Hobin Architecture, these executive residences represent the pinnacle of high-end “Heritage-Modern” luxury, with a design that emphasizes vertical space and elite private amenities.

Each four-storey home features a functional layout, including a ground-level den or bedroom and an attached double-car garage. A standout feature is the private rooftop terrace, which offers stunning views toward the Rideau Canal and includes gas line hookups ideal for outdoor kitchens.

Beyond aesthetics, the home is a leader in sustainable luxury; targeting LEED (Leadership in Energy and Environmental Design) Platinum certification, it is equipped with geothermal heating and cooling, high-performance windows, and low-VOC (Volatile Organic Compounds) materials to ensure a healthy, eco-friendly living environment.

Other Homes Sold Above $1m:

Barrhaven:

The detached home sold for$1,250,000 in Barrhaven belongs to one of the market’s most sought-after collections: the Luxe Series (L Series) by Minto, developed between 2000 and 2015. These high-end detached homes sit on 45-foot lots and are best known for their 9-foot main floor ceilings, four bedrooms, and three bathrooms on the second floor. Many models also feature a loft and an elegant curved staircase. The property sold in Barrhaven is the highly popular Douglas model, about 3,200 sqft above grade. While the Douglas typically features an open-to-above dining room, the owners of this home filled in that space, trading that architectural feature for additional living area on the second floor.

This home is situated on an oversized pie lot, with a walkout basement, and no rear neighbours. ⬇️

Riverside South:

In Riverside South, a “Wildwood” model by Richcraft recently sold for $1,260,000. Built in 2020, this impressive 50-foot single-family home offers approximately 3,610 square feet of above-grade living space. The property is situated on a lot that backs onto a future school site. ⬇️

While the basement remains unfinished, the layout includes four spacious bedrooms, a main-floor den, and a soaring two-storey family room that maximizes natural light. Below s is the current Wildwood floorplan, for your reference. The one sold last week is an earlier version and is slightly different:

Manotick:

a Minto 52′ Elderberry II model in the prestigious Mahogany community of Manotick, was sold for$1,400,000. It was first listed for $1,559,900 in September 2025, and re-listed for $1,499,000 on Jan 23, 2026. Minto has an inventory of this model for sale in Mahogany at $1,189,900. ⬇️

Westboro:

In Westboro, a semi-detached home in the Avenues II community sold for its asking price of $1,349,900. Built in 2021 by Uniform Developments, the home is a well-finished, modified townhome model, the Berkley. ⬇️

Findlay Creek:

A 2003-built Tartan ‘Royal Edward‘ model sold for $1,140,000. This 3,314 sq. ft. residence sits on a oversized pie lot with an inground pool. The home is highly versatile, featuring 4 bedrooms upstairs plus a loft, and a fully finished 2-bedroom in-law suite in the basement. ⬇️

2-Storey Townhomes:

During the week of Feb 16-22, 2026, a total of 25 2-Storey townhomes were sold in Ottawa: https://portal.onehome.com/en-CA/share/1605869k57347

Kanata South:

In Kanata South, a 2020-built Richcraft interior townhome—the Stillwater model—sold for $680,000. Located in the Bradley Commons community and offering 2,243 sq. ft. of above-grade living space, this sale represented the highest 2-storey townhome price in Ottawa’s suburban communities last week. It reflects the market value, slightly on the high end. ⬇️

Kanata North:

In Kanata North, a 3-bedroom plus loft Simcoe model by Minto sold for $648,900. Located in the newer Brookline community, this modern townhome offers approximately 2,130 sq. ft. of living space including the finished basement.

Riverside South:

A 2013-built Richcraft “Manor” model recently sold under Power of Sale for$550,000. While the price is below market value, Power of Sale transactions require extensive due diligence on the buyer’s part, as properties are typically sold “as-is” with no warranties.

Other:

A Tamarack “Abbey” model sold for full asking (under $590k) with an unconditional offer on day one—a clear sign that buyers are ready to act fast on high-value listings.

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):

1. Overall, the market remains relatively stable with only a slight increase in inventory.
2. High-quality luxury homes continue to perform well, often selling at or near their asking prices. This trend suggests that buyers with significant purchasing power remain less price-sensitive when they find a home that meets their specific needs.
3. The recent sales of single-family and / or two-storey townhomes mostly reflect current market value; these figures remain below the peak prices seen over the past 2-3 years.
4. In the current market, two-storey townhomes selling for over $700,000 typically feature prime quality, unique upgrades, a prime location, or a premium lot. The majority of townhomes are selling below the $700,000 mark, with many transactions clustering around $600,000.

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