Kanata Lakes-Marchwood Lakeside-Morgan's Grant-Kanata N Business Park, Ottawa - August 2026 Real Estate Report

Kanata Lakes Is Still Holding Strong - But the Numbers Have a Story to Tell

If you live in Kanata Lakes, Marchwood Lakeside, or Morgan's Grant and you haven't checked your home's value lately, now is the time. The market here is doing something interesting - houses are selling fast and above asking, while condo values are taking a small step back. Here's the real breakdown.

The Vibe: Houses vs. Condos

Let's start with houses, because the story there is genuinely good for us homeowners.

• Average sale price: $1,400,000
• Average list price this month: $1,299,000
• Homes are selling at 107.78% of list price - buyers are paying over asking
• Average days on market: 6 days
• Price per square foot: $350
• HonestDoor Price: $860,980 (down 0.75% from last period)
• Rental estimate: $3,770 per month
• Rental yield: 4.95%

Six days on market. That is not a typo. Our neighbourhood ranks 2nd out of 17 in Ottawa for how fast homes sell. When a house hits the market here, it does not sit around. Buyers are competing, and that competition is pushing sale prices well above what sellers are asking. That is a sellers' market, plain and simple.

The HonestDoor Price for houses sits at $860,980, and the predicted market value is $867,498. Both are nudging slightly below the 3-month moving average of $875,490, which tells us values are taking a small breather. Nothing alarming - just worth watching.

On the condo side, we need to be a bit more honest with ourselves.

• HonestDoor Price: $475,837 (down 3.19% from last period)
• Predicted market value: $491,494
• 3-month moving average: $497,571
• Rental estimate: $2,408 per month
• Rental yield: 3.85%
• Recent value change: up 1.59%
• Growth rank: 48 out of 104 Ottawa neighbourhoods - above average

Condo values are dipping slightly against their 3-month average, and the HonestDoor Price has pulled back 3.19%. That said, the recent 1.59% value change is positive, and ranking 48th out of 104 Ottawa neighbourhoods puts condos here in above-average territory on the growth leaderboard. It is not a red flag - it is a market finding its footing.

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

Here is something most neighbours do not think about until it is too late. Your city tax assessment is a snapshot frozen in time. It gets updated on a schedule that has nothing to do with what is actually happening on your street this month.

The HonestDoor Price is different. It updates in real time, pulling in current sales data, market shifts, and neighbourhood trends. Right now, houses in Kanata Lakes are selling at $1,400,000 on average - but the city assessment almost certainly does not reflect that. If you are making any financial decision - refinancing, selling, even just understanding your net worth - the HonestDoor Price is the number that actually lives in the real world.

Think of it this way: your tax assessment is last year's weather forecast. The HonestDoor Price is what it is doing outside right now.

The 'So What?': Thinking About Selling This Summer?

If you have been on the fence about listing this summer, the house market data here is about as encouraging as it gets in Ottawa right now.

• Buyers are paying 107.78% of list price - you have real negotiating power
• Homes are gone in 6 days on average - no long, stressful waits
• Price rank is 7th out of 25 comparable Ottawa neighbourhoods - we are in the upper tier
• Nearby Beaverbrook averages $737,509 and Katimavik-Hazeldean averages $596,131 - buyers priced out of those markets are looking at us next

For condo owners, the picture is a little more nuanced. Values are slightly off their recent peak, but above-average growth ranking and a rental yield of 3.85% mean this is still a solid asset. If you are not in a rush, holding a bit longer while the market steadies could make sense.

Bottom line - if you own a house in Kanata Lakes right now, you are sitting in one of Ottawa's fastest-moving, above-average-priced markets. Check your HonestDoor Price, know your number, and if selling is on your radar, this summer is worth a serious conversation.

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.