Navan market outlooks

Latest

Quarterly Outlook — Q3 2026

Several macro and local forces are converging on Navan this quarter. The Bank of Canada held the policy rate at 2.25% on July 15, 2026, with the next scheduled announcement on September 2, 2026. The Bank described residential investment as expected to remain subdued over its projection horizon, and its April 2026 overview projected 1.2% GDP growth in 2026. On the supply side, Ottawa's planning system has been active in the Navan and East Urban communities, including zoning changes permitting more residential development. A 164-unit apartment proposal near Navan and Renaud roads has been reported locally. CMHC's Spring 2026 Housing Supply Report noted medium-density starts grew to about 45% of all new housing construction in Ottawa, with new projects and conversions reaching their highest levels. Federal activity adds further supply momentum. The federal government launched Build Canada Homes and introduced Bill C-26 to authorize $1.7 billion for provinces and territories to improve housing supply. In August 2026 it announced federal support for 159 affordable homes in Ottawa's Lowertown. Ottawa's updated 2026–2035 housing plan emphasizes increasing units affordable to very low-, low-, and moderate-income households. As of June 2026, the Ottawa-wide average resale home price stood at $632,200. Average rents were $1,956 for a one-bedroom condo, $2,462 for a two-bedroom condo, and $2,179 overall.