Average condo prices from 2000 - Present
Ottawa Condominium Average Price History, See the Number of Sales & Percentage Increase or Decrease over Previous Year as well as how long condos have taken to sell over the years. If you're curious how much condos were selling for in Ottawa over the past 16 years, find all the numbers below.
In 2002 you can see that condo sales prices went up by a whopping 19%, but in the last few years, from 2013 till 2016 they did not go up by that much, and actually decreased in value in 2013 and 2015
| YEAR |
# CONDO SALES |
AVG. PRICE |
% CHANGE |
DAYS TO SELL |
| 2000 |
2789 |
$108,363 |
|
52 |
| 2001 |
2833 |
$124,462 |
14.8% |
33 |
| 2002 |
2806 |
$148,151 |
19.0% |
28 |
| 2003 |
2607 |
$165,299 |
11.6% |
37 |
| 2004 |
2610 |
$174,323 |
5.4% |
49 |
| 2005 |
2559 |
$180,961 |
3.8% |
68 |
| 2006 |
2813 |
$186,389 |
3.0% |
66 |
| 2007 |
3027 |
$200,215 |
7.4% |
55 |
| 2008 |
2857 |
$214,061 |
6.9% |
51 |
| 2009 |
3065 |
$228,618 |
6.8% |
48 |
| 2010 |
3089 |
$251,801 |
10.1% |
38 |
| 2011 |
3124 |
$263,860 |
4.7% |
47 |
| 2012 |
2912 |
$272,123 |
3.1% |
63 |
| 2013 |
2753 |
$265,027 |
-2.7% |
72 |
| 2014 |
2538 |
$265,165 |
0.05% |
77 |
| 2015 |
2595 |
$262,905 |
-0.8% |
87 |
| 2016 |
2759 |
$265,237 |
0.9% |
112 |
| 2017 |
3593 |
$270,088 |
1.8% |
98 |
Taking a look at the pricing chart above, you can immediately see that the time it's taking for a condo to sell started to go up around the years 2012-2013 and in 2016 it has really spiked at 112 days for a condo to sell. It was also around the same time that you can see the prices of condos dropping for 2 or 3 years.
This page only includes the history of condo prices, if you're interested in more stats that include both homes and condos, go check out this months complete Residential Market update
The statistics above are taken from OREB MLS Stats for condos in 2016 and include all types of condos, but not condo parking spaces or lockers.
