Byward Market, Ottawa - October 2026 Real Estate Report
Byward Market Real Talk: Your Home Is Worth More Than the City Thinks
The Vibe Right Now
If you own a place in Byward Market and you haven't checked your HonestDoor Price lately, now is the time. The market here is moving, and the city's tax assessment is already behind the curve. Here's the straight story on what's happening with houses and condos in our corner of Ottawa.
Houses: Holding Strong at the Top
The average HonestDoor Price for a house in Byward Market sits at $1,054,055. That's a nudge down of 0.29% from last period - basically a rounding error, not a reason to panic. What matters more is the forward-looking number: the predicted market value is $1,057,135, which is already climbing past the 3-month moving average of $1,046,998. The trend is pointing up.
- Average HonestDoor Price: $1,054,055
- Predicted Market Value: $1,057,135
- 3-Month Moving Average: $1,046,998
- Recent Value Change: 1.72%
- Average Rental Estimate: $4,202 per month
- Rental Yield: 4.84%
- Airbnb Estimate: $209 per night
- Neighbourhood Growth Rank: 40 out of 99 in Ottawa - above average
For context, we're sitting well above nearby Lowertown, where predicted house values come in around $903,842. Lindenlea - New Edinburgh and Sandy Hill are priced higher than us, but not by a margin that should make anyone feel like Byward Market is being left behind. We're in solid company.
That 4.84% rental yield is worth paying attention to. If you own a house here and you're not renting it out, you're leaving roughly $4,200 a month on the table. And if short-term rentals are your thing, Byward Market ranks 24th in Ottawa for Airbnb potential - that $209 per night adds up fast in a neighbourhood tourists actually want to stay in.
Condos: A Buyer's Window That Won't Stay Open Forever
The condo picture is a bit different, and it's worth understanding why. The average HonestDoor Price for a condo is $520,773, which is down 5.27% from the previous period. That's a real dip - not catastrophic, but noticeable. Here's the thing though: the predicted market value is $549,745, already above the 3-month moving average of $546,005. The model is saying the floor may already be in.
- Average HonestDoor Price: $520,773
- Predicted Market Value: $549,745
- 3-Month Moving Average: $546,005
- Recent Value Change: 2.08%
- 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: $2,534 per month
- Rental Yield: 3.75%
- Airbnb Estimate: $126 per night
- Neighbourhood Growth Rank: 26 out of 104 in Ottawa - above average
Condos here are selling at 98% of list price, which means buyers have a little leverage right now. Properties are moving in about 21 days, so it's not a slow market - it's a balanced one. For anyone who's been waiting to get into Byward Market without paying peak prices, this is a window worth looking at seriously.
One note on the nearby comparison: condo prices in Lowertown ($853,559) and Sandy Hill ($814,680) are running significantly higher than our $520,773 average. That gap is a real conversation starter for buyers who want the inner-city lifestyle without the premium price tag.
The Secret Sauce: Why Your HonestDoor Price Beats Your Tax Assessment
Here's something most homeowners don't think about until it's too late. Your city assessment is a snapshot taken in the past - sometimes 12 to 24 months ago. It doesn't know that your street got more desirable, that a new restaurant opened nearby, or that the rental market in Byward Market just hit $4,202 a month for houses.
The HonestDoor Price is updated in real time. It pulls from actual market activity, current sales data, and rental trends - not a bureaucratic calendar. Right now, for houses in Byward Market, there's a meaningful gap between what the city thinks your home is worth and what a buyer would actually pay today. That gap is your money. Knowing it puts you in control of every conversation - whether you're refinancing, selling, or just keeping score.
Check your HonestDoor Price now at HonestDoor.com. It takes about 30 seconds and it's free.
The So What - Should You Sell This Summer?
If you own a house in Byward Market and you've been thinking about selling, the data is giving you a reasonable green light. Predicted values are rising, the rental income story is strong, and sitting at rank 40 out of 99 Ottawa neighbourhoods for growth means we're in the upper half of the city's leaderboard. You're not selling from a position of weakness.
For condo owners, the honest answer is: it depends on your timeline. The 5.27% dip in HonestDoor Price is real, but the predicted value is already recovering. If you can wait a few months, the trend is moving in your favour. If you need to sell now, price it sharp - buyers are paying 98% of list, not 102%. The ones who price right are moving in 21 days. The ones who overshoot are sitting.
Either way, the first step is the same. Know your real number. Not the city's number - your HonestDoor Price. That's where the conversation starts.
byward market | ottawa | october 2026This 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.