No fee everyday banking
Set up direct deposit and skip the monthly fee. Free to open, and the Easy plan has no monthly fee. Worth doing if you will actually move your pay or your CRA deposits over, not if the card sits unused. Code BREMO2026.
Ottawa's real estate market in 2025 is characterized by gradual stabilization after the volatility of 2020–2023. The market peaked in early 2022, corrected through 2022–2023 as interest rates rose sharply, and has since found a new equilibrium. Average resale prices across all property types sit around $650,000–$700,000 for the broader Ottawa area, with significant variation between inner-city and suburban markets.
Ottawa's unique economic foundation — dominated by federal government employment, a growing tech sector in Kanata, two major universities, and a bilingual capital city dynamic — insulates it from the boom-bust cycles that affect more speculative markets. Job security among Ottawa's public service workforce maintains steady demand even during national economic downturns.
| Neighbourhood | Avg Detached | Avg Condo/Town | Market Character |
|---|---|---|---|
| Rockcliffe Park | $2.5M–$5M+ | N/A | Ultra-premium |
| The Glebe | $1.2M–$2.2M | $500K–$800K | High-income established |
| New Edinburgh | $1.1M–$2.5M | $550K–$900K | Diplomatic/executive |
| Westboro | $900K–$1.5M | $450K–$750K | Young professional premium |
| Hintonburg | $700K–$1.1M | $400K–$650K | Arts district, gentrifying |
| Centretown | $750K–$1.2M | $380K–$700K | Urban core, federal workers |
| Kanata North/South | $750K–$1.2M | $450K–$650K | Tech sector |
| Barrhaven | $650K–$950K | $420K–$600K | Suburban family growth |
| Nepean | $600K–$900K | $380K–$580K | Established suburban |
| Orléans | $550K–$850K | $380K–$550K | Francophone suburb, value |
| Vanier | $500K–$750K | $320K–$500K | Most affordable inner-city |
Several factors make Ottawa's real estate market fundamentally different from other Canadian cities:
Every Ottawa property purchase triggers Ontario Land Transfer Tax (LTT). Unlike Toronto, there is no additional municipal LTT — Ottawa buyers pay only the provincial rate. Calculating your LTT:
LTT on a $650,000 Ottawa home = $275 + $1,9500 + $2,2500 + $5,000 = $9,475. First-time buyers receive up to $4,000 rebate = $5,475 net.
Following the Bank of Canada's rate-cutting cycle, variable mortgage rates in 2025 sit in the 4.5–5.5% range and 5-year fixed rates are available in the 4.5–5.2% range from broker channels. The stress test at contract rate + 2% means buyers must qualify at 6.5–7.2%. Key qualification thresholds for Ottawa buyers:
Ottawa sellers in 2025 face a more balanced market than the frenzied 2021–2022 peak. Days on market have extended from the 5–100 days of peak mania to 200–35 days on average. Pricing strategy matters again — overpriced listings sit. Key selling costs:
Ottawa remains a strong long-term real estate investment market. Rental vacancy rates stay low due to the steady population of federal workers, students, and newcomers. Cap rates of 3.5–4.5% are modest by national standards but backed by stable tenant profiles. The strongest rental demand is concentrated in Centretown, Sandy Hill (near uOttawa), and Carleton University area (Old Ottawa South).
KOHO works everywhere in Ottawa and the National Capital Region. No monthly fees, no minimum balance. Use code BREMO2026 for a bonus when you open your free account.
Open KOHO Free — Code BREMO2026