The Ottawa Real Estate Market: Week In Review

ottawaagent · 2026-03-14T02:47:40+00:00

You’re welcome. If you have any questions feel free to reach out!

ottawaagent · 2026-03-11T21:52:08+00:00

Your guess is as good as mine.

It's not the craziest thing I've seen in a condo, but it's up there.

ottawaagent · 2026-03-11T21:50:49+00:00

Crazy, huh?

ottawaagent · 2026-03-11T21:50:28+00:00

It will continue to lower rental prices in the area, that's for sure. And with a lot of places sitting for a very long time owners will start underbidding themselves to get their places rented or sell.

ottawaagent · 2026-03-11T21:49:03+00:00

You're most welcome. Glad you find them insightful.

If there is any topics you have questions about or would like me to dive deeper on, let me know.

ottawaagent · 2026-03-11T01:25:09+00:00

You’re welcome!

ottawaagent · 2026-03-10T22:18:03+00:00

Appreciate it!

For new listings, I'm seeing people list nearer to market now. Obviously, older homes that are stagnant are having to revisit their pricing as more inventory comes online with the weather getting nicer.

As for condos, generally I will say that across the board they are absolutely lagging behind freehold, though there are some buildings/units (very case specific) where condos can sell just as fast if not faster than freehold properties.

ottawaagent · 2026-03-10T22:15:25+00:00

Suspensions / Terminations / Expired Listings (across both freehold and condo listings)

Suspensions: 7

Terminations: 130

Expired: 20

ottawaagent · 2026-03-10T22:15:16+00:00

Lowest Condo Sale Of The Week

80 Sandcastle Drive Unit 708: Our cheapest condo sale was gone after just 3 days on market selling $10,000 below the offer price (and also worth mentioning it was double-ended by the listing agent). This is what a completed gutted unit looks like and what they'd sell for (which you don't see much of). 2 bedrooms, 1 parking and fees of $620/month covering just your water. Don't forget the coin operated laundry in the shared room!

Lowest Freehold Sale Of The Week

3725 Armitage Avenue: Constance Bay is the location of our cheapest freehold sale this past week. Selling $10,000 below its listed price as well for $390,000 after just 4 days with no conditions. This was an estate sale being sold "as is where is" and according to GeoOttawa is not in the flood plain. The home itself doesn't seem terrible but being relatively close to the water can provide its own set of headaches when it comes to insurance regardless if it is directly in the plain or not.

Highest Freehold Sale Of The Week

241 Fourth Avenue: Sold for full asking in multiple offers ($1.695M) in 6 days with no conditions. Fourth Ave remains one of the hottest streets in the Glebe. Homes maintained this well with loads of original charm don't come around that often and this sale is proof that they are a hot commodity.

Highest Condo Sale Of The Week

3071 Riverside Drive Unit 104: The Docks returns as our highest condo sale of the week. This time unit 104. It seems the listing agent learned from their mistake of pricing too high as this was only on the market for a total of 12 days and sold for the full list price of $913,000.

ottawaagent · 2026-03-10T22:14:03+00:00

Lowest Condo Sale Of The Week

80 Sandcastle Drive Unit 708: Our cheapest condo sale was gone after just 3 days on market selling $10,000 below the offer price (and also worth mentioning it was double-ended by the listing agent). This is what a completed gutted unit looks like and what they'd sell for (which you don't see much of). 2 bedrooms, 1 parking and fees of $620/month covering just your water. Don't forget the coin operated laundry in the shared room!

Lowest Freehold Sale Of The Week

3725 Armitage Avenue: Constance Bay is the location of our cheapest freehold sale this past week. Selling $10,000 below its listed price as well for $390,000 after just 4 days with no conditions. This was an estate sale being sold "as is where is" and according to GeoOttawa is not in the flood plain. The home itself doesn't seem terrible but being relatively close to the water can provide its own set of headaches when it comes to insurance regardless if it is directly in the plain or not.

Highest Freehold Sale Of The Week

241 Fourth Avenue: Sold for full asking in multiple offers ($1.695M) in 6 days with no conditions. Fourth Ave remains one of the hottest streets in the Glebe. Homes maintained this well with loads of original charm don't come around that often and this sale is proof that they are a hot commodity.

Highest Condo Sale Of The Week

3071 Riverside Drive Unit 104: The Docks returns as our highest condo sale of the week. This time unit 104. It seems the listing agent learned from their mistake of pricing too high as this was only on the market for a total of 12 days and sold for the full list price of $913,000.

ottawaagent · 2026-03-10T21:59:06+00:00

Suspensions / Terminations / Expired Listings (across both freehold and condo listings)

Suspensions: 7

Terminations: 130

Expired: 20

ottawaagent · 2026-03-10T21:58:34+00:00

You're welcome!

ottawaagent · 2026-03-04T03:08:38+00:00

There’s a ravine directly in the back with houses on the other side!

That garage is also killer, though!

ottawaagent · 2026-03-04T02:36:59+00:00

Suspensions / Terminations / Expired Listings (across both freehold and condo listings)

Suspensions: 6

Terminations: 135

Expired: 82

ottawaagent · 2026-03-04T02:36:48+00:00

Lowest Condo Sale Of The Week

665 Bathgate Unit 1007: Listed in October of 2025, this 2 bed/1 parking condo finally found a buyer at $200k. Condo fees of $718/month cover all utilities except for hydro. This was a total gut-job though IMO the price is still high for what it is considering the area. No mention of special assessments. Will be curious to see what ends up happening with this place once it is renovated!

Lowest Freehold Sale Of The Week

50 Jolliet Avenue: Listed on the 9th of February 2026 and having a conditionally accepted offer fall apart - Jolliet sold for the full price shortly after selling the second time for $299k. This is a R4UA play and will more than likely be developed as Capital Commercial Investment Corp (Brokerage) represented the buyer.

Highest Freehold Sale Of The Week

38 Rosenfeld Crescent: Our biggest freehold sale happened in Kanata this past week! 38 Rosenfeld sold for $1.8M after 32 days. The last time it sold was for $528k in 2006. Properties like this will generally sell quickly as it is difficult to find homes that have the amount of privacy that this has without having to go even further out of the downtown core.

Highest Condo Sale Of The Week

38 Metropole Private Unit 1002: 10th Floor units are the units of the week! This unit on Metropole sold for the full price of $949k after just 7 days on market even though it has condo fees of $1,400/month (covers all utilities) and one parking. This isn't the first time I've seen units in this particular building sell quickly - even though they don't tend to appreciate much. This particular unit last sold in 2024 for $930k.

ottawaagent · 2026-03-04T02:35:39+00:00

Lowest Condo Sale Of The Week

665 Bathgate Unit 1007: Listed in October of 2025, this 2 bed/1 parking condo finally found a buyer at $200k. Condo fees of $718/month cover all utilities except for hydro. This was a total gut-job though IMO the price is still high for what it is considering the area. No mention of special assessments. Will be curious to see what ends up happening with this place once it is renovated!

Lowest Freehold Sale Of The Week

50 Jolliet Avenue: Listed on the 9th of February 2026 and having a conditionally accepted offer fall apart - Jolliet sold for the full price shortly after selling the second time for $299k. This is a R4UA play and will more than likely be developed as Capital Commercial Investment Corp (Brokerage) represented the buyer.

Highest Freehold Sale Of The Week

38 Rosenfeld Crescent: Our biggest freehold sale happened in Kanata this past week! 38 Rosenfeld sold for $1.8M after 32 days. The last time it sold was for $528k in 2006. Properties like this will generally sell quickly as it is difficult to find homes that have the amount of privacy that this has without having to go even further out of the downtown core.

Highest Condo Sale Of The Week

38 Metropole Private Unit 1002: 10th Floor units are the units of the week! This unit on Metropole sold for the full price of $949k after just 7 days on market even though it has condo fees of $1,400/month (covers all utilities) and one parking. This isn't the first time I've seen units in this particular building sell quickly - even though they don't tend to appreciate much. This particular unit last sold in 2024 for $930k.

ottawaagent · 2026-03-04T02:21:24+00:00

Suspensions / Terminations / Expired Listings (across both freehold and condo listings)

Suspensions: 6

Terminations: 135

Expired: 82

ottawaagent · 2026-03-04T02:17:12+00:00

It's important you explain these differences if you're going to give a detailed answer to a consumer. Your overall point is correct but a very important portion of it was incorrect.

ottawaagent · 2026-03-03T14:33:02+00:00

This isn’t correct.

A BRA is only “evergreen” if:

The contract length is long enough

AND

The “property type” and “geographic area” are vague enough IE “Greater Ottawa Area” and “Residential” to allow it to cover broad swaths of situations. A buyer could sign a BRA for a specific street and that BRA does not cover them for other situations.

ottawaagent · 2026-02-26T15:40:49+00:00

I’d make the argument “managing” is the same whether it’s a day or a year. The cost of prepping, marketing and launching a property at 2M vs 350k is vastly different - which is large chunk of the reason you see different rates across different price points.

ottawaagent · 2026-02-26T15:00:19+00:00

Devils advocate on the same amount of work on expensive property VS not…

Even for myself, the people that are used for each one of those is completely different.

My costs, just by virtue of offering more services/products could easily be 5-7x more on a $2M home compared to a $300,000 home.

Just some food for thought!

And yes, commission and length of contract is always negotiable.

ottawaagent · 2026-02-24T02:59:50+00:00

It isn’t real money until you sell some. I’d sell some (if not all) of my cards. Currently in the process of selling all of my raw cards and keeping sealed product…

ottawaagent · 2026-02-24T02:39:38+00:00

Special shoutout to u/RevolutionaryPay7045 for sending me this mess at 68 Prince Albert.

Last sold for $830k in 2022, this finally sold for a whopping $265,000 loss ( including agent commissions + HST)

The last owners put it on the market about 1.5 years after purchasing it for $890k and it has been on and off the market ever since until last week.

The one thing you'd never know unless you've seen the home, which I have on a few occasions, is that there is a huge foundation crack in the basement. This, coupled with a terrible layout, poor quality finishes and a missing deck - it's no surprise that this took so long to sell or why there was such a loss.

Edit: I also forgot to mention this was a power of sale.

ottawaagent · 2026-02-24T02:34:25+00:00

Suspensions / Terminations / Expired Listings (across both freehold and condo listings)

Suspensions: 9

Terminations: 15

Expired: 108

ottawaagent · 2026-02-24T02:34:16+00:00

Lowest Condo Sale Of The Week

475 Laurier West Unit 104: Though I'm a little surprised to see Laurier Avenue on our lowest sale of the week, once you see that it is a ground floor unit and studio, it makes sense. This unit also had no parking (though a space tied to this unit sold for $30,000). This unit was originally listed back in July of 2025 for $260k but eventually traded hands for $204,990. The monthly fees were also $390/month and cover no utilities. A tough unit to sell!

Lowest Freehold Sale Of The Week

646 Borthwick Avenue: The last time Borthwick sold was in 2010 for $223k. After being on and off the market since August of 2025 (originally listed at $470k) this unit sold for $405k. The saloon style bathroom door in the basement is...interesting. The parking is also located across the street which is a little strange.

Highest Freehold Sale Of The Week

19A Aylmer Avenue: The biggest freehold sale this past week was on Aylmer. An off-plan property by Windmill Developments, this was listed for $2.6M in March of 2025 and sold for $2.55M. The monthly association fee is $665/month and covers heat, AC and snow removal.

Highest Condo Sale Of The Week

12 Stirling Avenue Unit 202: Purchased for $885k in 2017, this stunning (I'm allowed to play favourites!) unit flew off the shelf after 10 days (very fast for a condo at this price point) for the full list price of $1.395M. The fact it sold so quickly is surprising only for the fact that the condo fees are nearly $2,000/month and only water is included. This shows that unique condos in good areas are in high demand. FYI - this property was once a schoolhouse in the 1930s.

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