Centretown, Ottawa - July 2026 Real Estate Report

Centretown Real Estate Right Now: Houses Are Cooling, Condos Are Climbing

If you own a place in Centretown and you haven't checked your HonestDoor Price lately, now is the time. The two halves of this market are telling very different stories - and which one you're in matters a lot heading into summer.

The Vibe: Houses vs. Condos

Let's be straight with each other. If we own a house in Centretown, the market is taking a breather. The average HonestDoor Price for houses sits at $1,026,647, down 2.31% from the previous period. The predicted value is $1,050,953, which is creeping up against the 3-month moving average of $1,044,609 - so there's a floor forming, but we're not out of the dip yet. On the neighbourhood leaderboard, Centretown houses rank 77 out of 102 Ottawa neighbourhoods for growth. That's below average, and it's worth knowing.

• Average HonestDoor Price (Houses): $1,026,647
• Recent price change: -2.31%
• Predicted market value: $1,050,953
• 3-month moving average: $1,044,609
• Estimated rent: $4,225/month
• Rental yield: 4.68% (moderate)
• Airbnb estimate: $210/night
• Growth rank: 77 out of 102 Ottawa neighbourhoods

Condos are a different conversation. The average HonestDoor Price for condos is $582,058, up 1.07% - and the predicted value of $575,892 is rising above the 3-month moving average of $569,907. Recent price change sits at a solid 3.87%. On the leaderboard, Centretown condos rank 36 out of 104 Ottawa neighbourhoods. That's above average, and it puts us ahead of neighbours like Lebreton Development and West Centretown.

• Average HonestDoor Price (Condos): $582,058
• Recent price change: +1.07%
• Predicted market value: $575,892
• 3-month moving average: $569,907
• Estimated rent: $2,729/month
• Rental yield: 3.74% (moderate)
• Airbnb estimate: $136/night
• Growth rank: 36 out of 104 Ottawa neighbourhoods

The Secret Sauce: Your HonestDoor Price vs. That Old Tax Assessment

Here's the thing about your city assessment - it's a snapshot from the past. Ottawa's property assessments don't update in real time, which means your official number could be months or years behind what your home is actually worth today.

The HonestDoor Price is the real-world check. It pulls current market signals and updates continuously. Right now, that gap matters. House values have shifted by -0.97% recently, and condo values have moved up 3.87%. If you're relying on your last tax assessment to understand what your property is worth, you're working with stale data - and that can cost you, whether you're selling, refinancing, or just trying to understand your net worth.

Check your HonestDoor Price now. It takes 30 seconds and it's free. That number is what the market thinks your home is worth today - not two years ago.

The So What: Thinking About Selling This Summer?

If you own a condo in Centretown, the timing is genuinely interesting. You're sitting in the top third of Ottawa neighbourhoods for growth, values are trending up, and you're priced above comparable units in Lebreton Development and West Centretown. A buyer looking at the core of Ottawa is going to land on Centretown. That's a real advantage right now.

If you own a house, don't panic - but don't wait forever either. The predicted value of $1,050,953 is still well above the million-dollar mark, and rental demand is strong at $4,225/month with a 4.68% yield. If you're not selling, that income story is worth paying attention to. But if you are thinking about listing, the window before the market softens further is the conversation to have with your agent this month, not next.

Either way, the first step is the same - pull your HonestDoor Price, compare it to what your neighbours are listed at, and go from there with real numbers in hand.

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.