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.
