Executive Summary
The Ottawa multifamily market remained active through the first half of 2026 despite a more selective financing environment and moderating residential market conditions. Investor demand continues to be supported by stable rental fundamentals, population growth, and the relative resilience of apartment assets compared to other commercial real estate sectors.
Key themes observed during the first half of the year include:
- Continued demand for 5–25 unit apartment buildings
- Stable investor interest despite elevated borrowing costs
- Moderating but positive rental growth across most submarkets
- Increasing supply in select rental segments creating greater tenant choice
- Strong long-term fundamentals supported by employment and population growth
As capital markets gradually stabilize, multifamily assets remain among the most sought-after investment classes in Ottawa and across Canada.
Filament Commercial Transaction Activity
During the first half of 2026, Filament Commercial Real Estate facilitated the sale of five multifamily properties totaling 53 residential units and just over $10 million in transaction volume.
- 370 Belisle Street – 6 units – Sold for $1,335,000
- 340 Shakespeare – 8 units – Sold for $3,000,000
- 73 King Street – 10 units – Sold for $465,000
- 5 Rogers Road – 23 units – Sold for $3,800,000
- 6758 Rocque Street–6 units – Sold for $1,425,000
These purpose-built assets offer stable income, strong fundamentals, and long-term upside — exactly the type of multi-residential investment that continues to perform in today’s market.
We were pleased to represent our clients in these transactions. Demand for well-located, purpose built apartment buildings in Ottawa remains steady, particularly in the 5–25 unit range.
If you’re considering buying or selling a multi-residential property, I’d be happy to share insights from these sales, current cap rate trends, and what buyers are actively looking for right now.
Gershon Thambiah
Commercial Realtor
