Freehold vs. Condo in Ottawa: Which One’s Right for You in 2025?

Whether you're buying your first condo or adding to your investment portfolio, one question matters more than most: will it hold its value? In Ottawa’s evolving condo market, not all buildings are created equal — and long-term resale potential comes down to more than just square footage or finishes.

Here’s what we look for when evaluating whether a condo is likely to retain its value over time:

1. Location Still Reigns Supreme
It’s a cliché for a reason. Proximity to transit, downtown employment hubs, grocery stores, nightlife, or the Rideau Canal adds long-term demand. Walkable neighbourhoods like Centretown, Westboro, Little Italy, and The Glebe consistently perform well — and tend to weather market shifts more smoothly.

2. Quality of Construction
Buyers are getting smarter. They’re asking about soundproofing, HVAC systems, building envelope issues, and more. Well-built concrete buildings (especially those with good reserve fund studies and proactive condo boards) almost always hold their value better than cheaper, poorly maintained options.

3. Building Reputation
Ottawa’s real estate community talks — and so do residents. Certain names like Domicile, Charlesfort, and Ashcroft (Q West series) tend to have better track records when it comes to quality, service, and resale. If a building has a history of major repair issues or lawsuits, that reputation can drag down value even in a hot market.

4. Amenities that Actually Matter
Pools are nice. So is a rooftop terrace. But what’s essential is well-managed amenities that don’t push condo fees into the stratosphere. Think practical: in-unit laundry, decent storage, efficient elevators, parking that isn’t a daily headache, and bike storage.

5. Strong Management & Financials
A good condo board and a healthy reserve fund matter. We review these documents for every buyer, and for good reason: buildings with strong governance are able to keep up with maintenance and avoid unexpected special assessments that scare off future buyers.

6. Supply and Demand Within the Building
In larger buildings, it’s easy to overlook the internal supply curve. If 8 identical units are always listed at the same time, that’s a red flag. Boutique buildings or units with a truly unique layout, view, or outdoor space tend to perform better over time.

The Bottom Line?
Buy the right condo, and it will hold its value — even when the market shifts. At mattrichling.com, we specialize in helping buyers and investors find the best-performing buildings and avoid costly surprises. Curious about which buildings in Ottawa are holding strong in 2025? Reach out to us — and let’s talk strategy.

What Makes a Condo Hold Its Value in Ottawa?

Whether you're buying your first condo or adding to your investment portfolio, one question matters more than most: will it hold its value? In Ottawa’s evolving condo market, not all buildings are created equal — and long-term resale potential comes down to more than just square footage or finishes.

Here’s what we look for when evaluating whether a condo is likely to retain its value over time:

1. Location Still Reigns Supreme
It’s a cliché for a reason. Proximity to transit, downtown employment hubs, grocery stores, nightlife, or the Rideau Canal adds long-term demand. Walkable neighbourhoods like Centretown, Westboro, Little Italy, and The Glebe consistently perform well — and tend to weather market shifts more smoothly.

2. Quality of Construction
Buyers are getting smarter. They’re asking about soundproofing, HVAC systems, building envelope issues, and more. Well-built concrete buildings (especially those with good reserve fund studies and proactive condo boards) almost always hold their value better than cheaper, poorly maintained options.

3. Building Reputation
Ottawa’s real estate community talks — and so do residents. Certain names like Domicile, Charlesfort, and Ashcroft (Q West series) tend to have better track records when it comes to quality, service, and resale. If a building has a history of major repair issues or lawsuits, that reputation can drag down value even in a hot market.

4. Amenities that Actually Matter
Pools are nice. So is a rooftop terrace. But what’s essential is well-managed amenities that don’t push condo fees into the stratosphere. Think practical: in-unit laundry, decent storage, efficient elevators, parking that isn’t a daily headache, and bike storage.

5. Strong Management & Financials
A good condo board and a healthy reserve fund matter. We review these documents for every buyer, and for good reason: buildings with strong governance are able to keep up with maintenance and avoid unexpected special assessments that scare off future buyers.

6. Supply and Demand Within the Building
In larger buildings, it’s easy to overlook the internal supply curve. If 8 identical units are always listed at the same time, that’s a red flag. Boutique buildings or units with a truly unique layout, view, or outdoor space tend to perform better over time.

The Bottom Line?
Buy the right condo, and it will hold its value — even when the market shifts. At mattrichling.com, we specialize in helping buyers and investors find the best-performing buildings and avoid costly surprises. Curious about which buildings in Ottawa are holding strong in 2025? Reach out to us — and let’s talk strategy.

Ottawa Condo Market Statistics - April 2025

Every month we take a closer look and drill down the sales data of Ottawa condos from the previous month. Here are the statistics for April 2025 in the top five "downtown" areas - Centretown, Byward Market and Sandy Hill, Little Italy (which includes Lebreton Flats), Hintonburg, and Westboro. The information will be specific to apartment-style condominiums, and only what is sold through the MLS. Also important to note that DOM (Day's On Market) is calculated to include the conditional period, which in Ottawa is roughly 14 days for almost every single transaction.

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April 2025 showed signs of renewed energy in Ottawa’s real estate market, with key indicators suggesting a market that’s slowly moving toward balance. While year-over-year sales were down, month-over-month activity picked up sharply—fuelled by increased inventory, cautious buyer confidence, and more strategic pricing by sellers. Here’s a breakdown of what happened in Ottawa’s housing market last month and what it means for buyers and sellers moving forward.

Home Sales Rebound from March Lows

According to the Ottawa Real Estate Board (OREB), 1,306 homes were sold via the MLS® System in April 2025. That’s an 18.4% increase compared to March 2025, although still 11.2% below April 2024 levels. While total sales were 17.6% below the five-year average and 16.2% below the 10-year average, the sharp month-over-month increase signals that spring activity is heating up.

OREB President Paul Czan described the shift as a sign of “growing momentum,” noting that inventory levels are rising and helping the market move gradually toward balance. With more certainty following the federal election, buyers are re-entering the market, though with caution—they’re taking their time, including conditions in their offers, and being more selective.

Prices Holding Steady – With Small Gains in Some Segments

Home prices in Ottawa remained mostly stable in April. The overall MLS® Home Price Index (HPI) benchmark rose 1.1% year-over-year to $631,200.

• Single-family homes had a benchmark price of $703,200, up 1.0% from April 2024.

• Townhomes saw a stronger increase, with a benchmark price of $440,000—up 4.4%.

• Condo apartments declined slightly year-over-year, with a benchmark price of $404,000, down 2.8%.

• The average sale price across all home types in April was $707,180, a 0.4% increase from the same month last year.

These modest gains reflect a more level playing field where strategic listings—homes that are well-priced and well-presented—continue to perform best.

Inventory Levels Rise Sharply

Inventory levels are a major factor to watch in 2025. April ended with 4,878 active residential listings, up a striking 54.2% from April 2024. This is 86.9% above the five-year average and 51.3% higher than the 10-year average for the month of April.

With more homes on the market, buyers now have more choice—and that’s shifting some negotiating power back into their hands. As a result, sellers are adjusting their expectations. Days on market are stretching, and pricing strategies have become even more important. Homes that are overvalued or poorly marketed are sitting, while well-priced listings continue to attract interest—and in some cases, multiple offers.

The number of new listings was also high, with 2,589 residential properties added to the market in April. That’s 2.8% above the five-year average and 5.6% above the 10-year average.

Months of Inventory Shows Market Balance Shifting

At the end of April 2025, months of inventory stood at 3.7—up from just 2.2 in April 2024. This metric represents the number of months it would take to sell all current listings at the current rate of sales. A higher number suggests a move toward a more balanced market, especially compared to the frenzied seller’s market we’ve seen in recent years.

What This Means for Buyers and Sellers

For Buyers:
With more listings available, this spring presents a good opportunity to shop with less pressure. You still need to be financially ready and move quickly when the right property comes along, but you're more likely to encounter sellers who are open to negotiations or willing to accept conditional offers.

For Sellers:
This isn’t the market to guess at price or skip the prep work. Homes that are clean, well-maintained, and priced properly are still selling—and sometimes with competing offers. But overpricing or poor presentation could mean sitting on the market longer than expected. Strategic marketing, high-quality visuals, and a strong pricing strategy are essential in this climate.

Looking Ahead: What to Watch in Ottawa Real Estate

As we move through spring and into summer, we’ll be closely watching how federal housing policies roll out and whether they have a measurable effect on supply, affordability, or buyer incentives. Interest rate decisions in the coming months will also play a major role in shaping buyer behaviour and long-term affordability.

Whether you’re buying, selling, or just trying to make sense of where things are heading, staying informed is the first step. At New Purveyors, we help clients navigate this changing market with smart, honest advice tailored to their goals.

Thinking of making a move? Reach out today to start the conversation.

Important to note is that these statistics can only be as accurate as there are condos sold in Ottawa. The more condos sold in an area, the more accurate the averages will be.

Want to chat about your options? Fill out the form at the bottom of the page, or text/call us directly at 613-900-5700 or fill out the form at the bottom of the page.

Do you have any questions about how this information affects your investment or looking for more information to make the best decision about your purchase? Let’s chat! Fill out the form on the bottom of the page.

The Best Condo Floor Plans for Resale Value: What Ottawa Buyers Actually Want

When buying a condo in Ottawa—especially downtown—it’s easy to get caught up in surface details: shiny appliances, Instagrammable finishes, rooftop patios. But if there’s one thing that quietly separates a good investment from a frustrating resale later on, it’s the floor plan.

As a team that has helped thousands of clients buy and sell condos across the city, we’ve seen time and time again how certain layouts generate more demand, attract better offers, and sell faster. And others? They sit.

If you’re thinking long-term, here’s what you need to know about which condo floor plans perform best on the Ottawa market—and which ones to avoid.

Why Floor Plan Matters More Than You Think

Photos can sell a vibe. Staging can highlight potential. But once a buyer steps inside, it’s the layout that defines how the home feels—and whether it actually works for their lifestyle.

The right floor plan:

• Feels bigger than it is.

• Offers functional living and storage.

• Allows for privacy in bedrooms.

• Makes furniture placement simple.

Ottawa buyers are smart. If a layout feels awkward or cramped, they’ll notice—no matter how sleek the kitchen is.

Floor Plans That Perform Best in Ottawa

1. 1-Bedroom + Den (with Separation)

These layouts are gold for first-time buyers, remote workers, and investors alike. The key? The den must be usable as an office, nursery, or guest nook—not just a glorified hallway.

Look for:

• A den with a door or clear separation.

• Layouts over 650 sq. ft. to avoid a cramped feel.

• Open-concept living space that still defines dining and lounge zones.

2. Split 2-Bedroom Plans

A split layout—where the bedrooms are on opposite sides of the living space—is highly appealing for roommates, couples with guests, or anyone who wants privacy.

Buyers like:

• En-suite options for both bedrooms.

• Equal-sized rooms (important for investors or co-owners).

• Good window exposure in each room.

These units often resell better than a 2-bedroom with side-by-side bedrooms that share a wall.

3. Open Kitchen-Living Plans with an Island

Kitchens with an island or peninsula that opens into the living space are always a hit. Buyers want to cook, entertain, and socialize without feeling boxed in.

Best-in-class layouts feature:

• Room for bar stools.

• Space to place a proper dining table (even a small one).

• Easy furniture flow—avoid bottlenecks between the kitchen and balcony access.

4. Efficient 1-Bedroom Under 600 Sq. Ft.

Yes, smaller units can perform well—if the space is smart. Investors love these for rental potential, and minimalist buyers love them for affordability.

What works:

• No long hallways eating up space.

• Wall space for a desk or TV.

• A real bedroom—not a partitioned living area.

Buildings like The Bowery, SoBa, or Gotham often get these right.

Layouts That Struggle on the Market

Not all square footage is created equal. These layouts tend to get less interest or take longer to sell:

1. Long, Narrow “Bowling Alley” Units

These units often waste space in hallways and can feel dark. They’re difficult to furnish, and furniture placement often makes the unit feel smaller.

2. Internal Bedrooms with No Windows

Some condo designs sneak bedrooms into the interior of the unit, using sliding glass or half walls to create “bedrooms” without proper light or airflow.

Most buyers see these as dens—not bedrooms.

3. Studios Priced Too Close to 1-Bedrooms

Studios can make great investments or pied-à-terre units, but if priced within $20K–$30K of a true 1-bedroom, buyers will usually opt for the latter.

4. Jack-and-Jill Bathrooms

Two-way-access bathrooms often seem functional, but they add complexity and take away from closet or wall space. Many buyers are confused by them—and that hesitation can impact resale.

Tips for Buyers Who Want Strong Resale

If you're shopping for a condo in 2025 with plans to eventually sell, here’s what to keep in mind:

• Prioritize light and layout over flashy finishes. You can change countertops. You can’t change where the bedroom is.

• Furniture fit matters. Can a queen bed fit in the bedroom with nightstands? Can you host dinner for four?

• Pay attention to door swings. Sounds small, but poorly placed doors can drastically reduce usable space.

• South and east-facing units tend to photograph better (and feel warmer in the winter).

• Balcony access through the living room, not the bedroom, is almost always preferred.

What I Look for When Helping Condo Buyers

When I walk through a unit with a buyer, I’m asking:

• Is the layout livable?

• Can this compete on the resale market in 5–10 years?

• Is this a rental-grade layout, or one that will appeal to owner-occupants?

My job isn’t just to help you find a condo that looks good today—it’s to make sure you’re protected tomorrow. That means knowing which floor plans Ottawa buyers love, which buildings tend to outperform, and which layouts to avoid (even if they look good on paper).

Final Thoughts

You can’t renovate your way out of a bad layout. But when you start with a strong floor plan, you’re already ahead of the game.

Whether you’re looking to buy your first condo, upgrade to something bigger, or invest in Ottawa’s downtown core, I’m here to help you make a decision that holds its value.

Let’s talk floor plans.
Reach out anytime—we’re happy to share what I’ve seen perform best (and what hasn’t) based on hundreds of downtown deals.

What are buyers buying in Ottawa?

Four months into 2025, Ottawa’s market is holding strong with 3,160 total sales:

• 1,012 condos

• 2,148 residential properties

Here’s what’s moving—and how fast:

Residential Sales (2,148 total)

• Townhomes: 731 sales | Avg. $627,908
  28 days to sell | 99.28% of asking

• Detached Homes: 1,149 sales | Avg. $893,525
  29 days to sell | 98.81% of asking

• Semi-Detached: 185 sales | Avg. $779,736
  30 days to sell | 99.35% of asking

Condo Sales (1,012 total)

• Apartments: 646 sales | Avg. $432,497
  45 days to sell | 97.66% of asking

• Town/Row/Stacked: 356 sales | Avg. $440,470
  34 days to sell | 98.74% of asking

Occupancy Trends

• Residential:

  • Owner-occupied: 1,265 sales (59% of resales)
    99.31% of asking | 22 days

  • Tenant-occupied: 122 sales (6%)
    98.42% of asking | 37 days

  • Vacant: 735 sales (34%)
    98.39% of asking | 40 days

• Condos:

  • Owner-occupied: 422 sales (42% of condo sales)
    98.71% of asking | 34 days

  • Tenant-occupied: 94 sales (9%)
    96.99% of asking | 43 days

  • Vacant: 493 sales (49%)
    97.68% of asking | 46 days

The Takeaway:
Nearly 1 in 2 condos sold and 1 in 3 residential properties sold were vacant, showing strong investor turnover or new-build sales. Residential properties leaned more toward owner-occupancy, which sold faster and for closer to asking. Detached homes continue to dominate the market in both volume and price.

Curious where your property fits into the mix? Reach out anytime.

Mitch MacKenzie

mitch@mattrichling.com

613 282 9441

What Makes a Condo Building Hold Value in Ottawa? 5 Things to Look for in 2025

In a market where not every condo sees the same long-term growth, knowing how to choose a building that holds its value is one of the smartest decisions you can make — whether you're buying your first place or your fifth.

At mattrichling.com, we’ve tracked resale data across hundreds of Ottawa buildings. The truth? Some condos appreciate consistently year after year, while others plateau — or worse — dip after only a few ownership cycles.

If you’re planning to buy in 2025, here are five key indicators we look at when determining whether a condo building is built to hold its value in Ottawa’s evolving market.

1. A Location That’s Still Improving — Not Just Already Good

Everyone knows about the obvious winners: the Glebe, Westboro, the ByWard Market. But the buildings that gain value over time tend to be in areas that are actively improving — think LRT expansions, new commercial developments, and cultural growth.

In 2025, we’re watching neighbourhoods like:

• Bayview / Lebreton Flats (transit hub, Zibi expansion)

• Vanier North (redevelopment, proximity to downtown)

• Little Italy / Preston Street (high walkability, new mixed-use buildings)

These areas offer a mix of livability now and upside later — the ideal formula for value retention.

2. Reasonable Condo Fees Backed by a Healthy Reserve Fund

Low fees are great — until they’re unsustainable. And high fees aren’t always bad — if they come with real value. What we look for is balance.

Signs of a well-managed building:

• Steady, moderate fee increases over time (not sharp jumps)

• A transparent, fully funded reserve study

• No history of special assessments (or signs that another is looming)

If you’re buying resale, we’ll review the status certificate and guide you through the financials. If you're buying pre-construction, we’ll flag which developers have solid track records — and which cut corners.

3. Layouts That Age Well

Square footage matters, but so does how it’s laid out. Long, narrow units? Tough resale. Bedrooms with no windows? Red flag. Tiny kitchens with no storage? Future buyer objections waiting to happen.

The best long-term performers offer:

• At least one clear “primary” bedroom with natural light

• Proportional living/dining space (not an afterthought)

• Storage — inside the unit or accessible via locker

• Outdoor space, even if it’s small

Buyers in Ottawa are getting smarter. They’re thinking about quality of life. And so are investors who want long-term tenants.

4. Strong Comparables Within the Building

One of the clearest signs of a condo building that holds value? A strong track record of sales.

When we pull data, we look at:

• Number of sales per year (a good sign if units are trading hands consistently)

• Sale-to-list price ratios

• Days on market (DOM) compared to the city average

Some buildings — like The Galleria, The Mondrian, or The Hudson — have long-standing reputations for strong resale performance. Others may look sleek but don’t hold up when you look at the numbers.

5. A Building That’s Lived-In — Not Just Looked-At

If you’re buying into a building that feels like a ghost town, ask why. In 2025, the Ottawa condo market still has investor-heavy buildings with high vacancy or short-term rental issues — and that can hurt resale value down the road.

We favour buildings that:

• Are at least 70–80% owner-occupied

• Have an active property management presence

• Prioritize livability (good elevators, gym, package handling, cleanliness)

This is the stuff you don’t find on a feature sheet — but it matters when you're reselling or renting out your unit.

The Bottom Line: Smart Condo Buyers Ask Different Questions

In a competitive condo market, the smartest buyers aren’t just asking what looks good — they’re asking what performs over time. We’ll show you how to recognize the signs of a strong building, decode the data, and find a unit that works for you today and holds value tomorrow.

Looking to make a condo move in 2025?
Let’s sit down and talk about your goals. Whether you're buying to live or to hold, we’ll help you make a decision rooted in market truth — not sales pitch.

Should You Buy a New Build Condo or a Resale? The 2025 Ottawa Edition

Ottawa’s condo market in 2025 is full of choices — and one of the biggest decisions buyers face is whether to purchase a brand new, pre-construction unit or buy resale.

On paper, it might seem simple. New builds are modern and shiny; resale units offer immediate occupancy. But there’s a lot more going on beneath the surface — especially in this market.

If you're deciding between the two, here’s what you need to know about how new builds and resale condos actually compare in Ottawa right now — from price and layout to timelines, risks, and long-term value.

1. Pricing Isn’t Always What It Looks Like

At first glance, new build prices can look tempting. Developers often advertise “starting from” prices, but by the time you add upgrades, parking, and premiums for a better floor or view, that number climbs fast.

In contrast, resale condos show you the full picture up front — and in today’s market, many sellers are flexible on price. We've seen resale units with better square footage and views selling for less than pre-construction prices in similar neighbourhoods.

Bottom line: New builds might feel affordable at first, but they’re rarely cheaper overall — especially once you factor in time.

2. Timing: Can You Afford to Wait?

Buying pre-construction means waiting 2–4 years — sometimes longer. Even once the building is finished, there’s typically a months-long interim occupancy period, where you pay occupancy fees without owning the unit yet.

If you need to move soon or plan to rent out your unit quickly, resale offers immediate possession and often a faster path to ROI.

That said, if you’re in no rush and want a brand-new unit with a long planning horizon, new builds can still be a smart play — especially if you’re banking on future appreciation.

3. Layouts, Sizes, and Liveability

Older doesn’t mean outdated. Many resale condos — especially those built between 2005–2015 — offer better layouts, more square footage, and more thoughtful use of space than some of today’s cookie-cutter towers.

Pre-construction units often prioritize efficiency over character, with smaller bedrooms and kitchens designed for short-term tenants or minimalists. If you plan to live in your unit full-time, resale might offer more space where it counts.

4. Location Matters — and So Does What’s Already Built

New builds are often located in up-and-coming areas — which can be a smart long-term move, but it also means waiting for neighbourhood amenities to catch up. Resale units tend to be in more established areas, where you already know what you're getting: transit access, walkability, and community feel.

We always help clients weigh the difference between what a neighbourhood promises and what it actually delivers right now.

5. Fees, Management, and the First Few Years

Here’s a little-known fact: new build condo fees are estimates. Developers don’t always budget for full operating costs, and when the condo board takes over, those numbers often go up — sometimes significantly — within the first few years.

In contrast, a resale building has a history. You can see how the reserve fund is managed, whether fees have gone up, and whether the building has a track record of solid maintenance or constant special assessments.

So… Which Should You Buy in 2025?

There’s no one-size-fits-all answer. But here’s what we recommend:

✅ Choose pre-construction if:

• You don’t need to move soon

• You want the newest finishes and appliances

• You’re okay with long-term uncertainty for future upside

✅ Choose resale if:

• You want space, flexibility, and a faster move-in

• You want predictable fees and a clearer investment outlook

• You’re looking in established neighbourhoods or buildings with strong resale value

At mattrichling.com, we help clients navigate both options — and make informed decisions based on real-time data and real-world performance. Whether you’re exploring your first condo or your fifth, we’ll walk you through every step and every hidden cost, so you know exactly what you’re buying into.

Thinking of buying a condo in Ottawa this year?
Let’s talk about what’s on the market now — and what’s launching soon. The best option might not be what you expected.

The Most Underrated Ottawa Condo Buildings in 2025

Not all Ottawa condos are created equal — and not all great buildings get the attention they deserve.

While buyers flock to the same well-known addresses year after year, some of Ottawa’s most thoughtfully designed, best-managed, or highest-performing condo buildings continue to fly under the radar. Whether you’re an investor looking for steady value or a buyer who wants more for their money, these underrated buildings deserve a second look in 2025.

Here’s a closer look at five condo buildings in Ottawa that may not be on everyone’s radar — but probably should be.

1. Mondrian (324 Laurier Ave W)
Why it’s underrated:
While everyone talks about the high-end buildings on Queen or in the Glebe, the Mondrian offers solid layouts, a rooftop pool, underground parking, and some of the lowest price-per-square-foot downtown. The location is central, steps to Bank Street and LRT stations, and ideal for young professionals. Bonus: lots of natural light and surprisingly large balconies.

2. The Galleria Phase 1 (200 Besserer St)
Why it’s underrated:
Often overshadowed by its newer sister building or larger high-rises nearby, Galleria I delivers value. Low condo fees for the area, good layouts, and a quiet yet walkable Sandy Hill location make this a smart pick for first-time buyers and investors alike.

3. The Pinnacle (445 Laurier Ave W)
Why it’s underrated:
A great building for investors — especially those targeting long-term tenants. The units are clean and functional, management is solid, and the location appeals to government employees. The building doesn’t look flashy from the outside, but the rental numbers speak for themselves.

4. The East Market Phase 2 (180 York St)
Why it’s underrated:
Everyone knows about The East Market — but Phase 2 often gets skipped over in favour of the top floors of Phase 1 or the newer buildings in the Market. Phase 2 offers loft-style units with concrete ceilings, floor-to-ceiling windows, and strong long-term appreciation. Plus: better elevator reliability than some newer builds.

5. The Gardens (85 Bronson Ave)
Why it’s underrated:
If you're after peace, green space, and high-quality construction — this is the one. Tucked between Centretown and Lebreton Flats, The Gardens is a luxury building that doesn’t always market itself that way. Units here don’t hit the market often, but when they do, they offer an incredible price per square foot compared to newer builds with half the quality.

Why This Matters in 2025

In a market where every buyer is cost-conscious and every investor is looking for the edge, understanding which buildings offer real value — and which ones just have buzz — is a critical advantage. These hidden-gem condos often offer lower carrying costs, better management, and more long-term upside than the trendy tower next door.

If you’re looking for a condo that combines smart design, long-term value, and a great location — without the hype — reach out. We’ll help you find the building that suits your goals, not just the one everyone’s talking about.

Selling Your Ottawa Condo in 2025? Here’s What You Need to Know

As the Ottawa condo market continues to stabilize in 2025, many owners are wondering if now is the right time to sell — and how to make their unit stand out in a sea of listings.

The truth is: buyers are still active, but they’re careful. Inventory has increased across the downtown core and beyond, and buyers are taking their time, comparing square footage, fees, layouts, and amenities before making a move. If you’re thinking about selling your condo this year, preparation and positioning are everything.

Here’s what you need to know before listing your condo in 2025.

The Market Is Smarter — and Slower — Than Before

Ottawa condo buyers are more informed than ever. With higher carrying costs due to interest rates and rising condo fees, they’re digging into the numbers. That means your price, monthly fees, reserve fund health, and recent sales in your building will all be under a microscope.

Setting the right asking price is critical. The wrong number, even by a small margin, can result in low interest and a slower sale. We analyze real-time data from your building and neighbourhood to ensure you’re priced to attract serious buyers while still maximizing your return.

Presentation Is No Longer Optional

In a competitive condo market, small details matter. Units that are clean, bright, and thoughtfully presented tend to move faster, especially if they photograph well. That might mean fresh paint, minor repairs, and decluttering before we bring in a professional photographer and videographer.

We tailor our prep strategy to the condo lifestyle, where space is limited and design choices speak volumes. Our marketing team ensures your listing doesn’t just look good — it performs well on every platform that matters.

The First Week on Market Sets the Tone

In 2025, most condo sales happen within the first 10 to 14 days, or not at all. If buyers don’t engage early, the listing risks going stale.

We focus heavily on pre-market exposure, agent previews, and buyer alerts to build momentum before your listing even hits Realtor.ca. This ensures your unit is seen by the right people at the right time, with a strong call to action.

Amenities, Layout, and Fees: Make the Most of What You’ve Got

Buyers in 2025 want value. That doesn’t always mean the lowest price — it means they want to understand why your unit is worth it. Do you have an ideal layout? South-facing views? A rare parking space? Lower-than-average fees for your location?

We know what buyers are asking about because we’re working with them every day. And we position your unit to check the boxes they care about most.

Selling a Condo in Ottawa in 2025? Let’s Talk.

Selling a condo in today’s market takes more than a listing. It takes a data-driven strategy, compelling marketing, and an agent who understands the nuances of the downtown Ottawa condo scene.

We’ve helped hundreds of condo owners successfully sell their homes — and we’re here to help you do the same. If you’re considering a sale this year, reach out today for a no-obligation valuation and a tailored plan to get your unit sold.

What $500,000 Gets You in Ottawa’s Condo Market in 2025

If you're looking to buy a condo in Ottawa this year with a budget of around $500,000, you're not alone. As interest rates fluctuate and inventory levels shift, more buyers are gravitating toward condominiums as a smart way to get into the market without sacrificing lifestyle or location. But what does half a million dollars really get you in today’s market?

Let’s break it down — from downtown towers to neighbourhood gems — so you know exactly what to expect in 2025.

Downtown Core: Location, Location…Size?

Downtown condos remain among the most in-demand, and for $500,000, you’ll typically be looking at a 1-bedroom unit, possibly with a den, in one of Ottawa’s premier buildings. Think Claridge Moon near the new LRT station, or The Gotham in Centretown.

What you’re paying for here is:

• Walkability to restaurants, shops, and nightlife

• Access to transit (hello, LRT!)

• Modern finishes, floor-to-ceiling windows, and concierge services

What you’re giving up:

• Likely no second bedroom

• Parking may not be included

• Smaller square footage (under 750 sq ft)

Still, if lifestyle and location are your top priorities, it’s a strong value play.

Westboro & Hintonburg: Style Meets Substance

Neighbourhoods like Westboro and Hintonburg have become major draws for young professionals and remote workers alike. In these areas, $500,000 often gets you a boutique condo, sometimes with 2 bedrooms or a large 1-bedroom + den.

Expect:

• A mix of newer builds and tasteful conversions

• Proximity to transit, bike paths, and microbreweries

• A community vibe that feels more laid-back than downtown

Keep in mind:

• Parking still may not be included

• Maintenance fees can be higher in smaller buildings

Notable buildings include The Eddy and Q West — both known for modern design and eco-friendly touches.

South & East Ottawa: Bigger Spaces, Fewer Frills

Looking to maximize space and still stay under $500K? Buildings in areas like Alta Vista, Riverside South, or Orleans often offer:

• 2 bedrooms, 2 bathrooms

• Parking included

• Larger square footage (over 1,000 sq ft in many cases)

These may not have rooftop patios or concierge desks, but you’ll get:

• Quiet, established communities

• Lower cost per square foot

• A more suburban pace of life

Perfect for downsizers, first-time buyers who want more space, or anyone looking for long-term value.

Pre-Construction Options: Thinking Ahead

Pre-construction condos are still an option in 2025, though delivery timelines can be long and prices are often creeping above the $500K mark for anything substantial. With $500K, you can still secure a well-laid-out 1-bedroom or small 2-bedroom unit, especially if you're early in a project.

Pros:

• Brand-new everything

• Tarion warranty coverage

• Potential for equity growth before you even move in

Cons:

• Occupancy can take 2–4 years

• Delays are common

• Limited ability to customize at lower price points

If you’re considering pre-construction, it’s best to work with an agent familiar with the Ottawa condo landscape — especially someone who can spot the buildings worth your wait.

What to Prioritize in 2025’s Market

In a market like Ottawa’s, where conditions can shift quickly, here are three things to keep in mind:

1. Don’t just shop price — shop value. Look at square footage, location, and amenities holistically.

2. Parking matters. Even if you don’t drive now, resale value goes up significantly when a unit includes parking.

3. Fees aren’t the enemy. Maintenance fees that cover heat, water, and even electricity can be more stable than fluctuating utility bills in a freehold.

Final Thoughts

In 2025, $500,000 is still a solid entry point into Ottawa’s condo market — especially if you’re strategic. Whether you want to be in the heart of downtown or tucked into a quieter neighbourhood with a bit more space, there are still smart buys to be had.

And if you're wondering where your budget can go the furthest, or which buildings have the best resale potential, that’s where we come in. Let’s find you the condo that fits your life now — and grows with you later.

Ottawa Real Estate – Easter, Tariff Talks & Election Distraction Breakdown

Heads up: Good Friday was March 29th and Easter Monday was April 1st last year — three weeks earlier. So year-over-year comparisons are a little skewed. It's not quite apples to apples... more like apples to Easter Eggs.

March 31–April 6 (No Holidays This Year, Easter Last Year)

• Total Sales: 247 (up +7.4% from 230 last year)

• Residential:

  • 175 sales

  • 99.10% LP vs SP

  • 26 days to sell

• Condos:

  • 72 sales

  • 98.13% LP vs SP

  • 35 days to sell

Normal spring activity, solid pricing. Slightly slower condo movement. No Easter slowdown like last year.

April 7–13 (Pre-Good Friday Week)

• Total Sales: 249 (down -16.2% from 297 last year)

• Residential:

  • 173 sales

  • 99.06% LP vs SP

  • 23 days to sell

• Condos:

  • 76 sales

  • 98.16% LP vs SP

  • 32 days to sell

Sales volume cooled off hard year-over-year, but prices held steady. Buyers weren’t rushing, but they were still paying.

April 14–20 (Good Friday + Easter Weekend This Year)

• Total Sales: 216 (down -27.8% from 299 last year)

• Residential:

  • 150 sales

  • 99.22% LP vs SP (highest of all weeks)

  • 20 days to sell (fastest of all weeks)

• Condos:

  • 66 sales

  • 97.82% LP vs SP

  • 30 days to sell

Holiday weekend cratered volume, but serious buyers moved fast and paid full price.

April 21–27 (Post-Easter Recovery)

• Total Sales: 227 (down -15.9% from 270 last year)

• Residential:

  • 159 sales

  • 98.99% LP vs SP

  • 25 days to sell

• Condos:

  • 68 sales

  • 98.28% LP vs SP

  • 32 days to sell

Sales tried to bounce back post-Easter, but still lagged behind last year. Pricing dipped slightly but stayed strong.

Big Picture:

• Sales Volume: Every week (except the first) saw a double-digit drop in sales compared to 2024.

• Pricing: Still fierce — homes selling within 1–2% of asking price.

• Speed: Faster sales around Good Friday; a little slower as Easter passed.

• Market Sentiment: Tariffs and election noise cooled the fence-sitters, but real buyers stayed sharp.

Final Verdict:
Ottawa’s market didn't crack under the pressure — fewer deals, but sellers still flexed on price.

For a personalized market assessment and tailored advice, reach out to a local real estate expert, like Mitch MacKenzie, to get insights specific to your real estate needs.

Mitch MacKenzie

mitch@mattrichling.com

Interested in learning more? Reach out via phone or email!

Why More Buyers Are Choosing Condo Townhomes in Ottawa (2025)

If you’re looking for the perfect balance between space and simplicity, a condo townhome might be exactly what you’ve been searching for. In 2025, this hybrid option is gaining serious traction with first-time buyers, investors, and even downsizers—and for good reason.

Here's what you need to know before making your move.

What Is a Condo Townhome?

A condo townhome blends the feel of a freehold house with the benefits of condo living. You own the interior of your unit, but a condo corporation takes care of the exterior maintenance, common areas, and often things like snow removal, landscaping, and roof repairs.

Unlike traditional high-rise condos, condo townhomes usually come with private entrances, backyard space, and multi-level layouts. Think: more space, less hassle.

Why Buyers Love Them

• Low Maintenance
  Exterior upkeep, lawn care, and snow removal are covered. You focus on living—not managing repairs.

• Affordability Compared to Freeholds
  Many condo townhomes are priced lower than similar-sized freehold homes in the same neighbourhoods, especially in high-demand areas like Westboro, Barrhaven, or Central Park.

• Ideal for First-Time Buyers and Investors
  Condo fees provide predictable maintenance costs, which can be attractive for buyers who want long-term budgeting certainty—or those looking to rent the unit.

What to Watch For

Before buying, make sure you understand:

• The Condo Fees
  What’s included (and what’s not)? Fees can vary widely by development.

• The Health of the Condo Corporation
  A status certificate will show you if the corporation has a strong reserve fund and if there are any upcoming special assessments or red flags.

• Rules and Restrictions
  Some condo corporations may limit rentals, pets, or exterior changes. Always read the fine print.

Neighbourhoods to Watch in 2025

Looking for a well-located condo townhome? These Ottawa areas are worth keeping an eye on:

• Carlington / Central Park
  Great value close to the core, with newer builds and solid long-term growth.

• Riverside South
  Tons of new development and LRT expansion make this a hot pick for investors.

• Chapel Hill South (Orleans)
  More space for the price and popular with young families and commuters.

• Stonebridge (Barrhaven)
  A family-oriented neighbourhood with well-maintained condo townhome communities.

Should You Buy in 2025?

With interest rates projected to stay relatively stable, and inventory remaining tight in Ottawa’s core, condo townhomes are a strategic choice for buyers who want more flexibility without the full commitment of freehold ownership.

Whether you’re buying your first home or adding to your portfolio, the value and versatility of condo townhomes make them one of the most underrated opportunities in the Ottawa real estate market right now.

Start Your Search

Ready to find a condo townhome that fits your lifestyle—and your long-term goals?
Browse available listings or connect with our team to talk strategy. We’ll help you find the right space, in the right place, at the right price.

Let’s find the right condo for your goals.

Are Ottawa Condos a Good Investment in 2025? Here’s What You Need to Know

As Ottawa continues to grow, many buyers and investors are asking: Are condos in Ottawa still a smart investment in 2025? With prices adjusting, inventory rising, and rental demand staying relatively strong, the answer depends on what you’re looking for—and how well you understand today’s market.

Let’s break it down.

Why Investors Still Look at Ottawa Condos

Ottawa has long been known for its economic stability. With a large base of government workers, growing tech sector, and several post-secondary institutions, the city sees consistent demand for housing—even when national markets shift.

Condos remain an accessible option for first-time buyers and a popular pick for investors thanks to:

• Lower entry prices compared to freehold properties

• Steady rental demand, especially near transit, universities, and hospitals

• Low-maintenance ownership, with exterior upkeep handled by condo corporations

• Prime urban locations, often steps from shops, restaurants, and LRT stations

Updated Snapshot: Ottawa Condo Market – April 2025

According to the Ottawa Real Estate Board and CMHC:

• Average condo sale price: $426,413

• Year-over-year price change: –2.9%

• Average days on market: 32

• Inventory levels: 5.5 months (balanced leaning toward buyer’s market)

• Rental vacancy rate (purpose-built): 2.6%

The slight price dip and higher inventory suggest that buyers currently have more negotiating power, while rental demand remains stable.

Top Neighbourhoods for Condo Investment in 2025

If you’re considering buying a condo this year, location still matters most. Some areas remain stronger than others when it comes to long-term rental potential and resale value.

Centretown
Walkable, well-connected by transit, and packed with amenities. Condos here are popular with government workers, young professionals, and students.

Westboro & Hintonburg
Trendy, urban, and full of character—this area attracts tenants who want lifestyle and convenience. Many newer boutique condo buildings here offer strong rental potential.

Little Italy / Dow’s Lake
This area blends waterfront access, restaurants, and proximity to Carleton University and the Civic Hospital. Investors love the balance of livability and rental demand.

Tips for Smart Condo Investing in Ottawa

Not all condos are created equal. Here’s what to look for in today’s market:

• Strong building management and a healthy reserve fund (review the status certificate!)

• Reasonable condo fees, ideally under $0.75 per square foot

• Clear rental policies that allow long-term leasing

• Walkability, amenities, and transit access, especially near LRT lines

• Units with smart layouts, good natural light, and in-suite laundry

If your goal is rental income, target units in professionally managed buildings where tenants are likely to stay long term.

Is Now a Good Time to Invest?

With prices slightly down and inventory up, 2025 may be an ideal entry point—particularly for buyers who’ve been priced out in recent years. While it’s not the “buy anything and watch it double” market of early pandemic days, Ottawa remains a long-term hold city with solid fundamentals.

The key is to buy strategically.

Final Thoughts

Condo investing in Ottawa is less about timing the market and more about understanding the opportunity. With the right unit, in the right location, managed by the right people—your investment can generate strong returns and long-term stability.

Want help identifying which buildings are worth your attention—and which ones to avoid? That’s where we come in.

Let’s find the right condo for your goals.

Ottawa Real Estate Q1 2025: What the Numbers Are Telling Us

As we kick off Q2 2025, Ottawa’s real estate market shows signs of stability - quiet strength beneath all the rate noise and affordability headlines. The latest numbers reveal which property types are holding firm and where the opportunities are.

Let’s break it down by category and compare this year's first quarter to Q1 2024:

Condo Apartments

• Q1 2025: 448 sold | 48 days on market | 97.69% list-to-sale ratio

• Q1 2024: 503 sold | 42 days on market | 98.00% list-to-sale ratio
  Sales down 11%, longer time to sell, and slightly more room for negotiation.

Condo Townhomes

• Q1 2025: 229 sold | 39 days on market | 98.65% list-to-sale ratio

• Q1 2024: 186 sold | 33 days on market | 98.00% list-to-sale ratio
  Sales up 23%, strong price performance, and steady buyer interest despite longer timelines.

Freehold Townhomes

• Q1 2025: 484 sold | 30 days on market | 99.39% list-to-sale ratio

• Q1 2024: 491 sold | 30 days on market | 97.17% list-to-sale ratio
  Volume holding steady, but sellers are now seeing much stronger offers and minimal discounting.

Detached Homes

• Q1 2025: 734 sold | 31 days on market | 98.61% list-to-sale ratio

• Q1 2024: 798 sold | 31 days on market | 97.33% list-to-sale ratio
  Slight dip in sales, but buyers are coming in closer to asking price - demand for detached homes remains solid.

What This Means for You

• Sellers have pricing power. Properties are holding value and often selling near full price.

• Townhomes are the hot ticket. Both condo and freehold townhomes are performing exceptionally well.

• Detached homes continue to attract serious buyers. Even with a drop in sales volume, the pricing tells the story.

• Condos present buying opportunities. Especially apartment-style units, where there's more room to negotiate.

Final Thoughts

Ottawa’s market isn’t booming - but it’s solid. Buyers are active and paying strong prices when homes are positioned properly. Sellers who are priced right are winning.

Thinking about making a move this year? Let’s talk strategy.

Mitch MacKenzie

mitch@mattrichling.com

613 282 9441

What to Look for When Buying a Condo in Ottawa (That No One Tells You About)

Buying a condo in Ottawa is more than just picking the prettiest unit in your price range. From the building’s financial health to the fine print in the rules, there’s a lot buyers overlook—especially when they're buying their first place or relocating to the city. Here are some things we always check (and some things most people forget to) before recommending a condo.

Start with the building, not just the unit.
It’s easy to fall in love with a unit that’s beautifully staged, has great natural light, or even feels like it could be “the one.” But none of that matters if the building is poorly run or has a weak reserve fund. Your unit’s value is directly tied to the building’s condition—and if the condo board isn’t proactive, you could be stuck with special assessments or higher fees down the line.

The status certificate is your best friend.
This is the document that shows how much money is in the building’s reserve fund, whether any major repairs are coming up, and if the seller is behind on condo fees. It also outlines the condo rules—like pet restrictions, short-term rentals, or even limits on renovations. Always review it with a lawyer (we can connect you with one if needed).

Watch for signs of a red flag.
Low condo fees aren’t always a good thing. Sometimes, it means the building isn’t saving enough for future repairs. If the building is over 10 years old and the fees haven’t changed much, that’s a conversation worth having.

Other signs to look for:

• Elevators breaking down often or long wait times

• A history of lawsuits (this would show in the status certificate)

• Unfinished common areas or delays in promised amenities

• Units sitting on the market longer than average

Check what’s actually included in your fees.
Some buildings include heat, water, and even concierge services. Others cover very little. If you’re comparing two condos with different fees, make sure you’re comparing apples to apples—one might be higher because it includes utilities you’d otherwise pay out-of-pocket.

Don’t skip parking and storage details.
Not every unit comes with a parking spot or a storage locker—and even if they do, they’re not always owned. Some are rented, which means you’re at the mercy of availability and rental rates. And in some buildings, spots can only be sold to other unit owners.

Get to know the neighbours—sort of.
Ask your agent about who tends to live in the building. Is it mostly students? Retirees? Young professionals? Families? It can tell you a lot about noise levels, how well the building is maintained, and whether it fits your lifestyle.

Think long-term resale.
Even if this is your forever home, things can change. We always recommend choosing a building with a strong resale track record—close to transit, in a high-demand area, and with features that hold value like balconies, natural light, and well-managed amenities.

Not all condos are created equal—even in the same price range or neighbourhood.
Two units might have identical square footage and finishes, but if one’s in a better-run building or a more desirable location, it’ll be worth more when you sell. That’s why having someone who knows the ins and outs of the local market (and every building’s reputation) can make a huge difference.

Need help figuring out which Ottawa condo buildings are worth your time?
We’ve been through hundreds of units, toured every floor plan, and know which buildings are well-run—and which ones are better to skip. Reach out and let’s start narrowing it down together.

Ottawa Condo Living: What You Need to Know Before You Buy

Thinking about buying a condo in Ottawa? Whether you're a first-time buyer, relocating for remote work, or just looking to simplify your lifestyle, condo living in the capital can be a great move—but it’s not for everyone. Here’s what you need to know about condo ownership in Ottawa, how to decide if it's right for you, and what to watch for when choosing your new place.

Why Do So Many People Choose Condos in Ottawa?

Ottawa’s condo market has taken off in recent years—and for good reason. Condos offer a lower-maintenance lifestyle with built-in amenities and lower price points than most freehold homes. They're also typically located in the city's most vibrant neighbourhoods like Centretown, ByWard Market, Westboro, and Little Italy, where walkability, culture, and dining are part of the daily experience.

Plus, with a large government workforce, a growing tech sector, and a strong remote work trend, more buyers are prioritizing convenience, transit access, and lifestyle—all of which condos in Ottawa deliver.

What You Actually Own in a Condo

When you buy a condo, you’re not just buying your unit. You’re also buying a share of the common elements: hallways, the lobby, amenities like gyms or party rooms, and even things like the roof and foundation. That’s why your monthly condo fees go toward maintaining those shared areas.

It’s also why reviewing a building’s status certificate matters—this document outlines the building’s finances, reserve fund, and any upcoming repair costs that could result in a fee hike or special assessment.

Condo Fees: What’s Included and What’s Not

Condo fees in Ottawa vary, but they typically cover building maintenance, management, insurance, amenities, and sometimes heat or water. Newer builds with rooftop terraces, concierge services, pools, or gyms usually come with higher fees, while older or smaller buildings often keep things simpler—and cheaper.

What’s not included? Your property taxes, hydro, and contents insurance (think: your actual furniture and belongings). Always read the fine print so you know exactly what your monthly costs will be.

Freehold vs. Condo vs. POTL: What’s the Difference?

Condo living doesn’t always mean a high-rise. In Ottawa, you’ll also see POTL (Parcel of Tied Land) homes—often townhomes that look like freeholds, but with shared services like snow removal or lawn care. These strike a nice balance for buyers who want the aesthetic of a freehold without all the outdoor maintenance.

Not sure what you’re looking at? Ask your agent (or reach out to us—we’re happy to break it down).

Things You Might Not Think to Check

• Reserve Fund: A healthy reserve fund means fewer surprise costs down the road.

• Short-Term Rental Rules: If you’re thinking of renting out your unit on Airbnb, make sure the building allows it.

• Noise and Soundproofing: Concrete buildings usually have better sound insulation than wood-framed ones.

• Parking and Storage: Not all condos come with a spot—or they might cost extra. Same goes for storage lockers.

Ottawa Neighbourhoods Popular with Condo Buyers

• Centretown: Ideal for those who want a mix of walkability, culture, and city views.

• Westboro: A little more laid-back with a boutique, local feel.

• Little Italy: Great restaurants, easy transit, and access to Dow’s Lake and the Trillium Pathway.

• ByWard Market: Trendy and historic, perfect for foodies and night owls alike.

Final Thoughts: Is Condo Living Right for You?

If you like the idea of having less to maintain, being close to the action, and living in a space that suits your lifestyle, a condo might be exactly what you need. But it’s not a one-size-fits-all situation—so having someone who knows the ins and outs of each building and neighbourhood can make all the difference.

Ottawa Condo Market Statistics - March 2025

Every month we take a closer look and drill down the sales data of Ottawa condos from the previous month. Here are the statistics for March 2025 in the top five "downtown" areas - Centretown, Byward Market and Sandy Hill, Little Italy (which includes Lebreton Flats), Hintonburg, and Westboro. The information will be specific to apartment-style condominiums, and only what is sold through the MLS. Also important to note that DOM (Day's On Market) is calculated to include the conditional period, which in Ottawa is roughly 14 days for almost every single transaction.

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The Ottawa real estate market continues to show signs of cautious stability as the spring market begins to bloom. According to the Ottawa Real Estate Board (OREB), 1,103 homes were sold through the MLS® System in March 2025—a 6.2% dip compared to the same time last year. While still down from historical averages, this figure points to a market that's finding its footing amidst economic uncertainty and lower interest rates.

“The Ottawa housing market in March 2025 remained relatively stable, with sales activity slightly lower than the same period last year,” said OREB President Paul Czan. “However, we’re seeing continued momentum month-over-month as the spring market gains traction.”

Sales Activity: Still Slower, But Stabilizing

Sales activity across Ottawa remains subdued compared to recent years. As of March 2025:

• Total sales YTD: 2,621

• That’s down from 2,721 in 2024 and well below the pandemic highs of 4,170 in 2021 and 3,967 in 2022.

• Compared to the five-year average, home sales were down 24%, and 19.3% below the 10-year average for March.

This represents the third consecutive year of March sales under 3,000, indicating a more balanced pace in the market. Many buyers and sellers are still exercising caution due to broader economic concerns and the upcoming election, but lower interest rates are gradually drawing more people back into the market.

Inventory Is Growing — Fast

One of the most notable shifts this year has been the rapid rise in available inventory. As of March 2025:

• Active listings: 3,769 (up from 2,372 in 2024 and 2,027 in 2023)

• New listings: 2,221 (a 4.1% increase from 2024)

• Months of inventory: 4.3 — up from 2.6 last year and the highest level since at least 2019

This marks a 60.3% surge in active listings compared to the same time last year, giving buyers more choice and putting slight downward pressure on competition.

OREB President Paul Czan highlighted how ongoing trade and tariff concerns may continue to affect new construction and supply:

“It’s critical that the City of Ottawa continues collaborating with key stakeholders. We were pleased to take part in discussions around the proposed New Zoning By-Law, which prioritizes housing options and opportunities to maximize options for Ottawa’s residents.”

Prices: Modest Gains, But Condos Lagging

Despite lower sales volume, home prices are showing steady—if modest—year-over-year increases in most categories:

• Overall MLS® HPI Benchmark Price: $626,200 (+2.2% vs. 2024)

• Single-family homes: $698,700 (+2.7%)

• Townhomes/row units: $431,200 (+3.0%)

• Apartments: $400,900 (–4.3%)

This reflects a cooling of the condo market, which surged during the pandemic but may now be facing stiffer competition from more available low-rise and freehold options.

What This Means for Buyers and Sellers

If you’re a buyer, there’s more inventory to choose from and slightly less competition than in recent years. With 4.3 months of inventory now on the market, you may have a bit more breathing room—though desirable properties are still moving quickly if priced right.

If you’re a seller, realistic pricing and proper presentation are key. The rise in inventory means your home needs to stand out, but motivated buyers are still very much active.

Looking Ahead

The Ottawa real estate market is not surging, but it’s not stalling either. It’s a market in motion—balancing economic hesitations with growing buyer confidence as interest rates soften. If you're planning a move this year, whether buying or selling, the early spring numbers suggest now is the time to act before competition heats up.

Want to talk about how to navigate the current market? Let’s connect and make a plan that works for you.

Important to note is that these statistics can only be as accurate as there are condos sold in Ottawa. The more condos sold in an area, the more accurate the averages will be.

Want to chat about your options? Fill out the form at the bottom of the page, or text/call us directly at 613-900-5700 or fill out the form at the bottom of the page.

Do you have any questions about how this information affects your investment or looking for more information to make the best decision about your purchase? Let’s chat! Fill out the form on the bottom of the page.

Do You Really Need a Parking Spot with Your Condo in Ottawa? Here’s What to Consider Before You Buy

When buying a condo in Ottawa, one of the biggest price jumps you’ll face comes down to parking.
A single spot can add $30,000–$60,000 to the purchase price—and not every buyer actually needs one.

So how do you know if it's worth it?

We’re breaking down the true pros and cons of owning a condo with or without a parking spot in Ottawa, and how to make the right decision for your lifestyle and future resale.

1. The Cost of Parking in Ottawa Condos

In most buildings, a deeded parking spot will cost you:

• $30,000–$45,000 in mid-range buildings

• $50,000+ in luxury buildings or those in the core

• $200–$400/month in rental options if not purchased

Not only do you pay up-front, but spots also come with higher monthly condo fees and sometimes property taxes.

2. Do You Actually Need It?

Ask yourself:

• Do you drive every day?

• Do you work from home or commute by transit/bike?

• Is the building in a walkable neighbourhood (like Centretown, Little Italy, or the ByWard Market)?

• Are car-sharing services nearby? (Communauto is huge in central Ottawa right now.)

If you’re not using a car often, you may be better off saving the upfront cost and renting a spot occasionally—if and when you need it.

3. How It Affects Resale Value

Here’s the truth: A condo with parking almost always sells faster than one without.

But not having one isn’t always a dealbreaker—especially if:

• The building is centrally located

• The unit is priced accordingly

• The buyer demographic is younger, car-free, or values walkability

Pro tip: Even if you don’t need it, buying a spot may still make sense purely for resale strategy—especially in buildings where only a small percentage of units include parking.

4. Alternatives to Parking

If your dream unit doesn’t include parking, consider:

• Underground rental spots in your building (often available through property managers or neighbours)

• Neighbourhood monthly parking (check Kijiji, Parkopedia, or community Facebook groups)

• Communauto car-sharing memberships

• OC Transpo pass or LRT proximity

Ottawa’s transit infrastructure is steadily improving—especially near Rideau Centre, Bayview, Lyon, and Lees stations.

5. Parking Stackers, Lifts, and Tandem Spots

Some newer buildings are offering parking stackers or tandem-style spots—which can save space but have quirks:

• Limited access

• Height/vehicle restrictions

• May not work well for larger vehicles

• Slower resale due to buyer hesitations

Final Thoughts

Buying a condo with parking in Ottawa isn’t always necessary—but it is an investment.
For some, it’s peace of mind. For others, it’s an extra $50K they’ll never use.

If you're unsure, we’ll help you weigh the cost, lifestyle, resale value, and neighbourhood factors to make the right move for you.

The Average Time to Sell a Condo in Ottawa

In general, condos in Ottawa take about 20–60 days to sell after being listed on MLS. But the timeline isn’t one-size-fits-all.

Here’s what can impact your sale:

• Neighbourhood: Condos in Centretown, ByWard Market, and Little Italy tend to move faster due to high demand and walkability.

• Price point: Well-priced units under $500K usually sell quicker than high-end or luxury condos.

• Building reputation: Buildings with strong management, good amenities, and low condo fees often sell faster.

• Time of year: Spring and early fall tend to be the busiest seasons for condo sales in Ottawa.

What Slows Down a Condo Sale?

Even in a relatively healthy market, some units linger. Here’s why:

• Overpricing: This is the #1 reason condos don’t sell. Buyers are informed and sensitive to value.

• Poor presentation: If your photos are dark, cluttered, or don’t show off your space properly, it’ll hurt your chances.

• High condo fees: Monthly fees over $800, unless justified by amenities or size, can scare off buyers.

• Limited availability for showings: Buyers move quickly. If your unit isn’t easy to see, it might be skipped.

• Older finishes: Even small cosmetic upgrades (like cabinet handles or light fixtures) can help a unit show better and sell faster.

How to Sell Your Condo Faster in Ottawa

Here’s how we help our clients cut down the days-on-market and maximize sale price:

• Pricing strategically: We do a full market analysis—not just based on what’s listed, but what’s sold. We also use off-market data to gauge demand.

• Professional photography & marketing: Your listing is everywhere it needs to be—MLS, Realtor.ca, Google, Instagram, our private email list, and more.

• Highlighting lifestyle, not just square footage: We sell your building, your location, and the lifestyle that comes with it.

• Positioning your unit competitively: We’ll recommend the right prep work—whether it’s paint touch-ups, minor staging, or just better lighting—to make it pop.

• Using off-market tools: Through platforms like Knokd, we can give your listing early exposure to qualified buyers before it hits the open market.

Real Results: What We've Seen

We recently helped a seller offload their unit after just 72 hours on the market—despite it having sat for two months with a previous agent. Why did it work?

• We priced it based on current trends.

• We launched with strong marketing and professional photos.

• We used off-market exposure first to generate buzz before hitting MLS.

This approach consistently shortens the selling timeline—and gets sellers closer to asking.

Final Thoughts

Selling a condo in Ottawa doesn’t have to be stressful or slow. With the right pricing, marketing, and guidance, your unit can stand out—even in a competitive market.

What’s the Difference Between a Freehold Condo and a Traditional Condo in Ottawa?

If you're looking to buy a condo in Ottawa, you might have come across the term freehold condominium and wondered how it’s different from a “regular” or traditional condo. Understanding this difference can affect not just your purchase, but your lifestyle, responsibilities, and future resale value.

Let’s break it down.

What Is a Traditional Condo?

A traditional condo, also known as a standard condominium, is the most common type of ownership you’ll see in Ottawa buildings like Claridge Plaza, The Mondrian, or The Gotham.

When you buy a traditional condo, you own your individual unit—usually defined by the interior walls—and share ownership of common elements like:

• The lobby

• Elevators

• Gym

• Hallways

• Exterior walls

• Roof and more

You pay monthly condo fees to cover the upkeep of these shared areas, plus building insurance, a reserve fund, and often heat and water.

This is what most people think of when they picture “condo living”—low maintenance, with an on-site property manager and shared amenities.

What Is a Freehold Condo?

A freehold condo—also called a common elements condominium—offers something a little different.

You own the land and structure of your unit (often a townhouse or bungalow), but you also share ownership of certain common elements with your neighbours. This could include:

• A private road

• Shared driveways

• Visitor parking

• Landscaping or snow removal services

The difference? You won’t own the common land, but you’ll have a Parcel of Tied Land (POTL) that connects your freehold property to the shared components. You’ll pay a small monthly fee to cover upkeep of those shared services.

It’s condo-style living without the shared hallways or elevators.

These are more common in newer suburban developments, like in Barrhaven, Stittsville, or Orléans, and they offer a great middle ground between freehold and condo living.

Freehold vs. Traditional Condo: Key Differences

• What You Own

  • Traditional Condo: You own the interior of your unit (walls inward).

  • Freehold Condo: You own the entire structure and the land your home sits on.

• Shared Elements

  • Traditional Condo: Common areas like the lobby, elevators, roof, and exterior walls.

  • Freehold Condo: Limited shared features like private roads, driveways, and visitor parking.

• Condo Fees

  • Traditional Condo: Usually higher, since they cover more services like building maintenance, insurance, and utilities.

  • Freehold Condo: Typically lower, only covering shared elements like snow removal or road maintenance.

• Maintenance Responsibilities

  • Traditional Condo: Most upkeep (including exterior work) is handled by the condo corporation.

  • Freehold Condo: You're responsible for your own unit’s exterior and yard upkeep.

• Lifestyle & Layout

  • Traditional Condo: Often apartment-style or loft living with shared indoor spaces.

  • Freehold Condo: Feels more like a townhouse or detached home with added convenience.

Which One Is Right for You?

Ask yourself:

• Do I want minimal upkeep? Traditional condos might be your best bet.

• Do I want a yard, garage, or more space? A freehold condo gives you more flexibility.

• Do I mind paying higher monthly fees for convenience? That’s the tradeoff with a traditional condo.

• Do I want to avoid shared indoor spaces? Freehold condos have less interaction with neighbours.

If you're someone who loves the look of a freehold home but hates shovelling snow or paving driveways, a freehold condo might feel like a perfect compromise.

Are Freehold Condos a Good Investment in Ottawa?

Freehold condos can be a smart investment, especially in suburban growth areas where demand for low-maintenance housing with more space is rising. They're also appealing to:

• Downsizers who don’t want a full house anymore

• Young professionals who want modern finishes but a more private feel

• Investors looking for easier tenant management

However, traditional condos in the downtown core—like in Centretown, Sandy Hill, or ByWard Market—still tend to offer stronger appreciation if location is your #1 priority.

Final Thoughts

Whether you're buying your first condo in Ottawa or looking to downsize, understanding the difference between freehold and traditional condos can save you from surprise fees, responsibilities, or lifestyle mismatches.

Still unsure? That’s what we’re here for. At New Purveyors, we specialize in helping Ottawa condo buyers and sellers navigate these choices with clarity. Reach out anytime—we’ll help you find the right fit, no matter your goals.