Byward Market, Ottawa - July 2026 Real Estate Report

Byward Market Real Talk: Your Home Is Worth More Than the City Thinks

The Vibe Right Now

If you live in Byward Market and you haven't checked your HonestDoor Price lately, now is the time. The market here is doing two very different things depending on what you own - and knowing which camp you're in could change how you think about your next move.

Houses: Holding Strong With Momentum Behind Them

The average HonestDoor Price for a house in Byward Market sits at $1,044,648. Yes, that's down 1.89% from last period - the market is taking a breather. But here's the thing: the predicted forward value is $1,064,749, which is already climbing above the 3-month moving average of $1,014,283. That gap tells us the dip is likely short-lived.

• Average HonestDoor Price: $1,044,648
• Predicted Market Value: $1,064,749
• 3-Month Moving Average: $1,014,283
• Recent Price Change: up 4.63%
• Growth Rank: 9 out of 102 neighbourhoods in Ottawa
• Average Rental Estimate: $4,230 per month
• Rental Yield: 4.77%
• Airbnb Estimate: $210 per night - ranked 23rd in Ottawa

That growth rank is the number we keep coming back to. Top 9 out of 102 Ottawa neighbourhoods puts Byward Market houses on the neighbourhood leaderboard - well ahead of most of the city. For context, nearby Lowertown houses are predicted at $873,260. We're running about $190,000 ahead of them.

If you own a house here and you're renting it out - or thinking about it - $4,230 a month in estimated rent with a 4.77% yield is a solid return. And if short-term rentals are your thing, $210 a night on Airbnb is nothing to ignore.

Condos: Affordable Entry, Steady Ground

The condo picture is a bit more nuanced. The average HonestDoor Price is $549,746, down 1.30% from last period. The predicted value is $556,974, nudging above the 3-month moving average of $547,439. Small moves, but they're moving in the right direction.

• Average HonestDoor Price: $549,746
• Predicted Market Value: $556,974
• 3-Month Moving Average: $547,439
• Recent Price Change: up 2.29%
• Growth Rank: 44 out of 104 neighbourhoods in Ottawa
• Average Sale Price: $430,000
• Average Listing Price: $438,750
• Price Per Square Foot: $291
• Sale-to-List Ratio: 98.01% - buyers are getting slight discounts
• Average Days on Market: 21 days
• Average Rental Estimate: $2,652 per month
• Rental Yield: 3.74%
• Airbnb Estimate: $132 per night - ranked 27th in Ottawa

Condos here rank 44th out of 104 Ottawa neighbourhoods for growth - above average, but not leading the pack the way houses are. The sale-to-list ratio of 98.01% tells us buyers have a little room to negotiate right now. It's a stable market, not a frenzy. That's actually good news if you're buying in. If you're selling, pricing sharp matters more than it did a year ago.

The Secret Sauce: Why Your HonestDoor Price Beats Your Tax Assessment

Here's the honest truth about your city assessment: it's a snapshot from the past. Ottawa's property assessments can lag real market conditions by a year or more. By the time that number lands in your mailbox, the market has already moved.

The HonestDoor Price is updated in real time using actual sales data, listing activity, and neighbourhood trends. For a Byward Market house owner, that means the difference between a stale government number and a live market read of $1,044,648 - with a predicted trajectory heading toward $1,064,749. That's not a small gap. That's the difference between knowing what your home is worth and guessing.

Check your HonestDoor Price now. Don't wait for a piece of mail to tell you what the market already knows.

The So What - Thinking About Selling This Summer?

If you own a house in Byward Market and you're thinking about listing this summer, the fundamentals are working in your favour. A top-9 growth rank out of 102 Ottawa neighbourhoods is a real selling point. Buyers looking at Lowertown or Sandy Hill will be cross-shopping you - and right now, the price gap versus Sandy Hill ($1,079,238 HonestDoor Price) is close enough that Byward Market is a competitive choice, not a consolation prize.

The short-term dip of 1.89% is not a red flag. It's a normal pause. The predicted value climbing back above $1,064,000 suggests the floor is holding.

For condo owners, summer is still a reasonable time to sell - but set your expectations right. Buyers are paying about 98 cents on the dollar of list price. Price it accurately from day one. With only 21 days average on market, a well-priced condo moves. An overpriced one sits.

Bottom line: Byward Market is not cooling off - it's catching its breath. If you're selling a house, you have leverage. If you're selling a condo, you have a window. Either way, start with your HonestDoor Price so you know exactly where you stand before you call your agent.

This information is all based on our opinions based on the information available to us. Everyone's situation may be different and you should reach out to us for more personalized information.