Russell - Edwards, Ottawa - September 2026 Real Estate Report

Russell - Edwards Is Quietly Climbing Ottawa's Real Estate Leaderboard

If you own a home in Russell - Edwards and you haven't checked your property value lately, now is the time. This neighbourhood is not making headlines, but the numbers tell a solid story - and your city assessment is almost certainly not keeping up.

The Vibe: What's Happening With Houses and Condos Right Now

Let's break it down for us locals.

Houses are the headline act here. The average HonestDoor Price sits at $790,840, up 5.04% from the previous period. The predicted market value for houses is $752,869, and it is trending upward - the 3-month moving average was $750,914, so the needle is moving in the right direction. That is not a dramatic spike, but steady upward movement in a market that has been choppy across Ottawa is genuinely good news for homeowners on our streets.

• Average HonestDoor Price (Houses): $790,840
• Recent price change: +5.04%
• Predicted market value: $752,869
• Estimated monthly rent: $3,331
• Rental yield: 5.12% - that is a strong return
• Growth rank: 25 out of 98 comparable neighbourhoods in Ottawa

That growth rank is worth pausing on. Top 26% in Ottawa for house value growth puts Russell - Edwards firmly in the above-average category. We are not chasing the market - we are ahead of most of it.

Condos are actually the faster mover right now. The average HonestDoor Price is $353,094, up 2.71%, but the predicted market value has shifted 5.35% recently. Condo growth ranks 16 out of 103 comparable neighbourhoods - that puts Russell - Edwards condos in the top 16% of Ottawa. That is a top-performer stat, full stop.

• Average HonestDoor Price (Condos): $353,094
• Recent price change: +2.71%
• Predicted market value: $343,780
• Estimated monthly rent: $1,764
• Rental yield: 4.10% - moderate but respectable
• Growth rank: 16 out of 103 comparable neighbourhoods in Ottawa

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

Here is the thing most homeowners do not realize. Your city assessment is a snapshot frozen in time. Ottawa's assessment cycle means the number on your tax bill could be reflecting a market that existed a year or two ago - or longer. That number is not what a buyer would pay for your home today.

The HonestDoor Price is updated in real time using actual market signals. For houses in Russell - Edwards, that means a current read of $790,840 - not whatever static figure is sitting on your assessment notice. If you are making any financial decision - refinancing, selling, even just understanding your net worth - the HonestDoor Price is the number that actually reflects today's market, not last year's.

Think of the city assessment as a history book. The HonestDoor Price is today's news.

The "So What?" - Thinking About Selling This Summer?

If selling has been on your mind, the data gives you a reasonable case for moving sooner rather than later. Here is why.

House values are trending up and Russell - Edwards sits in the top quarter of Ottawa neighbourhoods for growth. Buyers looking for more space outside the core are still active, and a rental yield of 5.12% means investor buyers are paying attention to this area too. That broadens your buyer pool.

On the condo side, being a top-16% growth neighbourhood in Ottawa is a real selling point - especially for buyers who want in at a lower price point than nearby areas like Metcalfe or Greenbelt, which are priced significantly higher.

The practical advice? Do not price off your assessment. Check your HonestDoor Price, see where you actually stand, and have that conversation with your agent armed with real numbers. The market is not pausing for anyone this summer, and neither should you.

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.