Market report
Ottawa, Ontario, Canada
Published August 10, 2026 · Period 2026-08
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Pass 1 - Prices I could not find a reliable Cumberland, Ottawa, Ontario, Canada neighborhood dataset with full property-type breakdowns in the provided results, so the strongest usable figures are Ottawa-wide market stats plus a few listing examples from the Cumberland area.
Buyer-Favourable
Only 0.8% of homes sold over list price according to redfin.ca, properties are sitting for an average of 58 days on market, and just 6 homes sold in the latest snapshot, all pointing to limited competition among buyers and considerable negotiating room.
Cumberland's average home price stood at $632,200 as of June 2026, according to nesto.ca. Detached homes averaged $720,000, while townhouses came in at $550,700 and condos at $384,500. The difference between average detached and average condo price was $335,500, according to nesto.ca, illustrating a substantial gap that gives buyers distinctly different entry points depending on property type.
Cumberland recorded just 6 homes sold in the latest available snapshot, according to redfin.ca. This low transaction volume suggests limited urgency among both buyers and sellers in the area. With properties averaging 58 days on market per redfin.ca, listings are lingering well beyond typical timelines for a fast-moving market.
Cumberland sellers are closing below their list prices in the vast majority of transactions. According to redfin.ca, only 0.8% of homes sold over list price in the latest available snapshot. This dynamic gives prospective purchasers meaningful leverage during negotiations.
Cumberland's average rent sits at $2,179 per month as of June 2026, according to nesto.ca. With the average condo price at $384,500 per nesto.ca, the gap between renting and owning a condo-style property is narrower than the gap to detached ownership. Buyers weighing rent-versus-own decisions should note the difference between average townhome and average condo price is $166,200, according to nesto.ca.
Buyers in Cumberland face minimal competition, with only 0.8% of homes selling over list price according to redfin.ca and an average of 58 days on market. This environment supports taking time to evaluate options and negotiate on price. According to nesto.ca, entry points range from $384,500 for condos up to $720,000 for detached homes, a spread of $335,500 that accommodates a variety of budgets.
Sellers in Cumberland should anticipate extended listing periods, with homes averaging 58 days on market according to redfin.ca. Only 6 homes sold in the latest snapshot per redfin.ca, and just 0.8% of those transactions closed above list price, signalling that pricing strategy matters significantly. The median residential sale price of $635,000 reported by oreb.ca for July 2026 can serve as a useful benchmark for setting realistic expectations.
Conditions strongly favour buyers. According to redfin.ca, only 0.8% of homes sold over list price and properties sit on the market for an average of 58 days, indicating minimal competition among purchasers.
The average single-family home price in Cumberland is $720,000 as of June 2026, according to nesto.ca.
Homes in Cumberland average 58 days on market, according to redfin.ca. This suggests listings are taking nearly two months to find a buyer.
According to nesto.ca, the average condo price in Cumberland is $384,500 as of June 2026. That is $335,500 less than the average single-family home price, according to nesto.ca.
According to redfin.ca, 6 homes sold in Cumberland in the latest available snapshot. This is a notably low volume of transactions.
The average rent in Cumberland is $2,179 per month as of June 2026, according to nesto.ca.
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