Greely, Ottawa - October 2026 Real Estate Report
Greely Real Estate Right Now: Your House Is Worth More Than the City Thinks
If you own a home in Greely and you haven't checked your HonestDoor Price lately, this is your nudge. The city's assessment is a snapshot from the past. The market moves every day. Here's what's actually happening on our streets right now.
The Vibe: Houses vs. Condos - Two Very Different Stories
Let's be straight with each other - houses and condos in Greely are not telling the same story right now.
Houses - Still a Sellers' Game
If you've been watching the "For Sale" signs in Greely, here's what's actually happening with houses. The average HonestDoor Price sits at $1,136,710. The predicted market value is climbing to $1,144,924, which is already above the 3-month moving average of $1,136,738. That's a 1.64% move in the right direction. The one house that sold recently went for $3,760,000 - and it sold at 101.90% of list price. That means the buyer paid above asking. That's not a fluke, that's a sellers' market doing its thing.
- Average HonestDoor Price: $1,136,710
- Predicted Market Value: $1,144,924
- Recent Value Change: +1.64%
- Average Sale Price: $3,760,000
- Sale-to-List Ratio: 101.90% - buyers are paying over ask
- Average Days on Market: 89 days
- Estimated Monthly Rent: $4,549
- Rental Yield: 4.57%
- Price Rank in Ottawa: 1 out of 29 - the most expensive tier
- Growth Rank: 41 out of 99 - above average in Ottawa
One honest flag: homes here are sitting for an average of 89 days, and we rank 21 out of 21 for days-on-market speed in Ottawa. That means Greely houses are premium-priced and they take time to find the right buyer. Patience is part of the deal here.
Condos - Taking a Breather (and Then Some)
We won't sugarcoat it. Condos in Greely are having a rough stretch. The average HonestDoor Price is $291,041, down 2.10% from last period. The predicted market value of $297,275 is actually below the 3-month moving average of $330,221 - a drop of 12.04%. That's a real slide. The growth rank of 94 out of 104 puts Greely condos near the bottom of the Ottawa leaderboard right now.
- Average HonestDoor Price: $291,041
- Predicted Market Value: $297,275
- 3-Month Moving Average: $330,221
- Recent Value Change: -12.04%
- Estimated Monthly Rent: $1,591
- Rental Yield: 4.20%
- Growth Rank: 94 out of 104 - bottom performers in Ottawa
For condo owners, the rental yield of 4.20% is still moderate, which means holding and renting is a reasonable play while the market finds its footing again.
The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Tax Assessment
Here's the thing about your city assessment - it's old news. It's calculated on a fixed cycle and it doesn't care that your neighbour just sold above asking, or that values shifted 1.64% in the last few months. It's a government number built for tax purposes, not for real-world decisions.
The HonestDoor Price is updated regularly using real market data. It's the number that reflects what a buyer would actually put on the table today - not what a city appraiser estimated a year or two ago. For Greely house owners sitting on an average HonestDoor Price of $1,136,710 with values trending upward, that gap between your assessment and your real-world value could mean tens of thousands of dollars you're either leaving on the table or not accounting for in your financial planning.
Check your HonestDoor Price now. It takes two minutes and it's the most honest number you'll find.
The "So What?" - Thinking About Selling This Summer?
If you own a house in Greely and you're thinking about listing this summer, here's the honest read. You're sitting in the most expensive tier of Ottawa neighbourhoods - rank 1 out of 29. Values are nudging upward. Buyers who do come to the table are serious, and recent data shows they'll pay over list price. The catch is that 89-day average on the market. You need to price it right and have some runway. This is not a neighbourhood where you list on a Friday and get 10 offers by Sunday.
For condo owners, summer 2025 is probably not your moment to sell. With a -12.04% recent value change and a growth rank near the bottom of Ottawa's leaderboard, waiting for the market to stabilize makes more sense than rushing to list. If you need to move, price aggressively and be realistic.
One more thing worth knowing - Greely houses rank 15th in Ottawa for Airbnb potential, with an estimated $226 per month in short-term rental income. It's not a goldmine, but for a property this size, it's a useful number if you're considering any kind of rental strategy before or after a sale.
Bottom line: Greely is a premium address in Ottawa. Houses here hold their value and attract serious buyers. Just go in with eyes open, price it with current data - not your tax bill - and give it the time it needs.
greely | 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.