Constance Bay, Ottawa - September 2026 Real Estate Report

Constance Bay Is Quietly Having a Moment - Here Is What Your Home Is Actually Worth Right Now

If you live on the Bay and you have not checked your home value lately, you might be leaving real money on the table. The numbers coming out of Constance Bay right now tell a story that your last tax assessment definitely does not.

The Vibe: What Is Happening With Houses and Condos

Let us start with houses, because that is where the action is. The average HonestDoor Price for a house in our neighbourhood sits at $754,637 - up 4.73% from the previous period. The predicted market value is $720,554, and it is climbing. The 3-month moving average was $708,296, and we are already past that. The market here is not stalling. It is moving.

• Average HonestDoor Price (Houses): $754,637
• Predicted Market Value: $720,554
• 3-Month Moving Average: $708,296
• Recent Value Change: 2.01%
• Growth Rank: 6 out of 98 neighbourhoods in Ottawa
• Estimated Rent: $3,365 per month
• Rental Yield: 5.21%

That growth rank is worth pausing on. Out of 98 comparable neighbourhoods across Ottawa, Constance Bay houses rank 6th for growth. That puts us in the top tier of the city - not just holding steady, but genuinely outperforming most of Ottawa. For a waterfront community that some people still think of as a "cottage area," that is a serious number.

On the rental side, a 5.21% yield is strong. If you are an investor or thinking about renting your place out, that is the kind of return that gets attention. Add in an Airbnb estimate of $173 per night and an Ottawa Airbnb rank of 67, and the short-term rental case here is real.

Now, condos. This is where we need to be straight with you. The average HonestDoor Price for a condo is $291,953, and it has dropped 59.30% from the previous period. That is a significant swing, and it likely reflects a small sample size rather than a market collapse - but the number is what it is. On the flip side, the predicted market value for condos sits at $717,300 with a jaw-dropping recent change of 132.08%, and condos rank 3rd out of 103 Ottawa neighbourhoods for growth. These two data points are pulling in opposite directions, which tells us the condo segment here is thin and volatile. Small changes in what sells can move the average dramatically.

• Average HonestDoor Price (Condos): $291,953
• Predicted Market Value: $717,300
• Recent Value Change: 132.08%
• Growth Rank: 3 out of 103 neighbourhoods in Ottawa
• Estimated Rent: $3,383 per month
• Rental Yield: 3.41%

The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Tax Assessment

Here is the thing about your city assessment - it is a snapshot from the past. The City of Ottawa does not update your assessed value in real time. It does not know that house prices in Constance Bay have moved 4.73% upward. It does not factor in what sold last month on Bayview Drive or what buyers are actually offering right now.

The HonestDoor Price is different. It pulls from current market activity and updates continuously. Think of it as the real-world check against a number the government set a while ago and has not revisited since. If you are making any financial decision - refinancing, selling, even just figuring out if your insurance coverage makes sense - the HonestDoor Price gives you a far more accurate starting point than your assessment ever will.

With houses here sitting at $754,637 on average and the predicted value at $720,554 and rising, there is a good chance your home is worth more than the city thinks it is. That gap is worth knowing about.

The "So What?" - Should You Sell This Summer?

If you have been on the fence about listing, here is the honest read. Constance Bay is ranked 6th out of 98 Ottawa neighbourhoods for house price growth. Values are trending above the 3-month moving average. Buyers looking at waterfront or near-waterfront communities in Ottawa are comparing us against Fitzroy ($767,115 average) and Dunrobin ($1,492,183 average). We sit below both, which means we still have room to run - and buyers who cannot stretch to Dunrobin pricing are looking our way.

Summer is historically when this neighbourhood shows best. The water access, the community feel, the distance from the city core that now feels like a feature rather than a drawback - all of that lands differently in July than it does in February.

If you are thinking about selling, the window right now is genuinely good. Values are up, growth is ranked near the top of the city, and rental demand is strong enough that buyers see income potential here too. That combination does not always line up this cleanly.

Check your HonestDoor Price before you call an agent. Know your number first. Then negotiate from a position of actual information.

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.