As 2025 closes, Ottawa’s condo market is settling into a more stable rhythm shaped by increased inventory, cautious optimism from buyers, and the early effects of repeated interest rate cuts. The final quarter of the year has been notably different from the fast, supply-tight conditions that defined much of the previous market cycle. For many buyers and sellers, this shift has created a clearer and more predictable landscape heading into 2026.
Our team has spent the past year tracking building-level trends across Centretown, Westboro, Hintonburg, the ByWard Market, and surrounding urban neighbourhoods. Here is what the data and day-to-day activity are showing as we move into the new year.
More Supply Means More Strategy
Condo inventory remains higher than last year, giving buyers more space to compare units, evaluate buildings, and make decisions without pressure. Sellers are adjusting to a market where presentation, pricing accuracy, and building reputation carry more influence on final sale outcomes.
Well-maintained units in desirable buildings continue to move, while listings that enter the market without preparation tend to sit longer and require adjustments. The advantage now goes to the seller who invests in strong marketing and understands their building’s competitive position.
Interest Rate Cuts Have Laid the Groundwork for 2026 Activity
Rate cuts throughout 2025 gave buyers some long-awaited breathing room. While affordability challenges have not disappeared, the reduction in borrowing costs has encouraged more pre-approvals, more showings, and more long-term planning.
We expect early 2026 to bring increased buyer participation, particularly among first-time buyers who spent much of 2023 and 2024 in wait-and-see mode. Investors are also re-entering specific buildings with strong rental track records and stable condo management.
Downtown Continues to Present Value
Despite renewed interest in urban living, downtown condo prices remain competitive relative to other major Canadian cities. For buyers who prioritize walkability, transit, and access to employment, the core is still one of the most cost-effective entry points into ownership.
Buildings with reliable reserve funds, consistent fees, and efficient layouts are seeing the strongest demand. We expect this trend to continue into 2026 as more buyers seek neighbourhood convenience paired with attainable price points.
Buyers Are Focusing on Practicality
In a market with more selection, buyers are prioritizing:
• functional layouts
• natural light and exposure
• in-unit laundry
• parking
• strong condo management
• predictable fees
• buildings with a track record of stable resale activity
A unit that checks these boxes stands out quickly. For sellers planning to list in early 2026, highlighting practical value is proving just as important as showcasing design.
Sellers Need a Building-Specific Plan
Sellers who succeed in this market approach their listing with a clear strategy. That includes understanding recent comparable sales within the building, identifying unique selling features, choosing the right timing, and preparing the unit carefully.
Professional marketing, accurate pricing, and storytelling around the lifestyle of the neighbourhood continue to play a major role in attracting qualified buyers.
Heading Into 2026
Ottawa is closing 2025 with a market that is neither overheated nor stalled. It is balanced, selection-rich, and increasingly influenced by thoughtful consumer behaviour. As conditions continue to stabilize, both buyers and sellers have strong opportunities to make confident moves.
If you are considering a purchase, sale, or investment in the condo market as we approach 2026, our team studies these buildings daily and can help you understand the factors that will matter most in the new year.
