5-year price trends across Ottawa neighbourhoods

Five years that didn't go in a straight line

Looking back from June 2026, Ottawa real estate has had three distinct chapters since 2021: the COVID-era surge through early 2022, the 2022–2024 rate shock and correction, and the 2025–2026 plateau. Different neighbourhoods experienced each chapter very differently.

I pulled OREB data and overlaid my own deal experience to map where each pocket actually sits today vs five years ago. Here's the broker-level read.

The Glebe

2021 average: ~$1.08M. 2022 peak: ~$1.32M. 2024 trough: ~$1.10M. 2026: ~$1.19M.

Round trip plus 10%. Edwardian detached homes near Mutchmor and Lansdowne held value best. Condos in newer Glebe buildings have been the softer side.

Westboro / Wellington West

2021: ~$1.0M. 2022 peak: ~$1.28M. 2026: ~$1.21M.

The neighbourhood that benefitted most from infill density. New three-storey semis on Athlone, Edison, and Tweedsmuir have set comparable prices well above older bungalow stock.

Kanata (Bridlewood, Beaverbrook, Morgan's Grant)

2021: ~$725K. 2022 peak: ~$915K. 2026: ~$835K.

The biggest beneficiary of tech sector hiring through the cycle. Anything under $700K with a finished basement still moves quickly.

Orleans

2021: ~$610K. 2022 peak: ~$795K. 2026: ~$720K.

The east end took a sharper haircut in 2023 than most pockets but has rebuilt since. Avalon and Chapel Hill South lead; older Convent Glen condos lag.

Barrhaven

2021: ~$650K. 2022 peak: ~$830K. 2026: ~$745K.

Stonebridge and Half Moon Bay carried this market. Half-moon detached homes that traded at $850K in early 2022 are now $760K–$780K and selling.

Old Ottawa South

2021: ~$945K. 2022 peak: ~$1.18M. 2026: ~$1.09M.

Hopewell school zone is the single biggest premium driver in the city. Family detached on Belmont, Brighton, or Ossington trades at a premium of 8–12% over comparable Glebe stock.

Hintonburg

2021: ~$760K. 2022 peak: ~$985K. 2026: ~$895K.

Infill townhomes on Stirling, Hinchey, and Spadina have reshaped the comp set. Original 1930s singles with no updates are the value plays.

Manotick

2021: ~$995K. 2022 peak: ~$1.32M. 2026: ~$1.18M.

Estate product on the Rideau corrected hard in 2023 and has only partially recovered. Village walkable product around Watson's Mill held up better than acreage.

What this tells you about 2026

Three lessons from the five-year tape:

1. Walkable beat sprawl. Neighbourhoods with stuff to walk to held value through the rate cycle better than driving-dependent suburbs.
2. Detached beat condo, almost everywhere. Condo prices in Centretown are still 4–8% below 2022 peaks. Detached is mostly back.
3. Bedrooms matter again. Three- and four-bedroom homes have outperformed one- and two-bedrooms across every neighbourhood, because remote and hybrid work is here to stay and households are valuing extra space.

If you're trying to figure out where your own home sits on the five-year arc, the answer almost always depends on the specific block, lot, and condition. I'm happy to pull a no-obligation snapshot. Call 613-262-6545 or email fil@613realtor.ca.