Comprehensive Real Estate Stats, Ottawa

Below are the most recent Statistics from the Ottawa Real Estate Board, followed by historical data going back as far as 1956. We report on the number of home sales, the average prices as well as the percent change over the previous year.

Main housing stats for Ottawa,
January - March, 2017

Record breaking month in February for Home sales

During the month of February 2017, members of the Ottawa Real Estate Board sold 1,010 residential properties, compared to 908 in February last year, up by 11.2% in total sales.

The average price for a residential house in Ottawa is now $407,224, up 5.6%
The average price for a condominium is now $268,626, up by 8.3% over last year

Prices above are for 2017 Year-to-date.

  • Residential houses took 87 days to sell in February 2017, down 18% over last Feb
  • Condominiums took 118 days to sell in February 2017, down by 3%
  • Residential Inventory levels are down by 15% over last year
  • Condominium Inventory is down by 11% over this time last year

With Inventory levels remaining low in both property classes, this means fewer choices for Buyers' and this usually forces a rise in house prices.

Statistics & # Sales by housing Type,
January-March, 2017

Housing Type # Sales, Jan-March 2017
Average Price
% Change
 Bungalow  327 $365,240 +4.8%
 1 1/2 storey 47 $256,680 -14.6%
 2 storey 759 $426,302 +5.3%
3 storey 66 $601,016 +21.7%
Split-Level 59 $392,905 +7.8%
High-Ranch 42 $316,845 +4%
Condo 2 Storey 134 $241,781 +10.5%
Condo Apartment 178 $287,123 +5.6%
3 Storey Condo 22 $258,464 +5.8%

Ottawa home sales percentage increases, 1956 - 2016

Ottawa Homes Price Increases (including Condominium),
Percentage Increase or Decrease over Previous Year.

YEAR AVERAGE PRICE % CHANGE
 1956 $13,351 0.2
 1957 $14,230 6.6
 1958 $15,564 9.3
 1959 $16,038 3.1
 1960 $16,791 4.7
 1961 $16,070 -4.3
 1962 $15,952 -0.7
1963 $16,549 3.7
 1964 $16,563 0.1
 1965  $17,056  3.0 
 1966 $18,004 5.6
1967 $19,476 8.2
1968 $23,329 19.8
1969 $25,652 10.0
1970 $26,532 3.4
1971 $27,808 4.8
1972 $30,576 10.0
1973 $38,305 25.3
1974 $46,661 21.8
1975 $49,633 6.4
1976 $54,623 10.1
1977 $57,032 4.4
1978 $59,134 3.7
1979 $61,896 4.7
1980 $62,748 1.4
1981 $64,896 3.4
1982 $71,080 9.5
1983 $86,245 21.3
1984 $102,084 18.4
1985 $107,306 5.1
1986 $111,643 4.0
1987 $119,612 7.1
1988 $128,434 7.4
1989 $137,455 7.0
1990 $141,438 2.9
1991 $143,361 1.4
1992  $143,868 0.4
1993 $148,129 3.0
1994 $147,543 -0.4
1995 $143,193 -2.9
1996 $140,534 -1.9
1997 $143,873 2.4
1998 $143,953 0.1
1999 $149,650 4.0
2000 $159,511 6.6
2001 $175,971 10.3
2002 $200,711 14.1
2003 $218,692 9.0
2004 $235,678 7.8
2005 $244,532 3.8
2006 $255,889 4.7
2007 $272,618 6.4
2008 $290,366 6.6
2009 $303,888 4.9
2010 $327,225 7.7
2011 $343,284 4.9
2012 $351,792 2.3
2013 $357,348  1.6
2014 $361,707 1.2
2015 $367,632 1.7
2016 $371,901 1.2
2017    

If you bought a home in Ottawa a few years ago, or even as long as 50 years ago, you can use this information to work out how much your home has increased in value throughout that time using the percent increase each year and adding it up.

This will give you a base value, without adding in any substantial upgrades or renovations. You'll notice that we had a few consecutive years where home prices actually dropped.

Here's a quick example for you:

If you were 25 in 1993, and you bought a house for around $150,000 and you put down 20%, or $30,000, and your amortization period was 20 years.

Right now you'd have your mortgage paid off, and your house would be worth $360,000. And you're still under 50 !

That's not a bad return on your initial investment of $30,000. Try getting that sort of return from your bank !

The monthly payments on your mortgage would be around $600 or $700...likely the same amount you'd be paying if you rented.

Obviously, if you owned the home for 20 years, there were likely things that needed to be repaired or upgraded, maybe the furnace, or your roof etc....still, I think buying the house still got you a great return on your investment.

 
 

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