Ottawa Real Estate Market Updates 2020
Main Housing Stats for Ottawa, April 02, 2020: OREB Members sold a total of 1143 Residential Properties in March 2020, up 2.6%. (includes freehold and Condos). 803 were freehold house sales, up 5.8% and 340 were condo sales, down by 4.2%.
The average price for all residential homes last month, which includes houses and condos was $539,755 an increase of 20.4% over 2019.
- Average Freehold House Price in Ottawa is $610,980 an increase of 16.8%
- Average condominium price in Ottawa now $371,538 an increase of 29.3%
Video Timeline:
0:00 - 0:56 Introduction
0:56 - 4:03 Ottawa general real estate stats
4:03 - 5:05 Orleans Statistics
5:05 - 6:05 Barrhaven Statistics
6:05 - 7:02 Kanata Statistics
7:02 - 12:58 Summary about Covid 19 Virus Update and how it is affecting the real estate market, agents, buyers and sellers
Average SOLD Home Prices by Property Type
Below are the average prices for Different types of Freehold & Condominium class properties last month
| Housing Type | Average Price |
% Change in Price |
| Bungalow | $605,517 | 17% |
| 1 1/2 storey | $658,082 | 38% |
| 2 storey | $599,631 | 17.2% |
| 3 storey | $712,417 | 15.9% |
| Split-Level | $622,406 | 8.8% |
| High-Ranch | $521,967 | 10% |
| Condo 2 Storey | $335,381 | 35% |
| Condo Apartment | $339,820 | % |
| 3 Storey Condo | $418,303 | 7.6% |
How long does it take to sell a Home in Ottawa?
Last month Residential houses took 15 days to sell versus 28 last year and Condominiums are taking 22 days to sell versus 44 days last year. The days quoted are Cumulative Days on the Market (more accurate)
Inventory Levels, How many homes are for sale right now?
There were 2356 Residential Properties listed for sale at the end of last month. 2051 were Residential Freehold Listings, down 21.8% and 305 listings were condos, down by 62% over same month last year.
Is it a Buyer's or Seller's Market?
We are currently in a Sellers' Market here in Ottawa and we are seeing some houses sell for way over their asking price with multiple offers in a lot of the sales.
How much is Your Ottawa Home Worth?
Average Sold House Prices for 2020
Average house price in Ottawa by month in 2020, compared with the same month last year
| Month | Average Price | % Change over 2019 |
| January 2020 | $494,929 | 17.6% |
| February 2020 | $524,785 | 6% |
| March 2020 | $539,755 | 20.4% |
| April 2020 | ||
| May 2020 | ||
| June 2020 | ||
| July 2020 | ||
| August 2020 | ||
| September 2020 | ||
| October 2020 | ||
| November 2020 | ||
| December 2020 |
Historical Average SOLD Home Prices in Ottawa
Sold Home Prices from 1956 - Present, (including Condos), plus % Change over Previous Year
| YEAR | AVERAGE PRICE | PERCENT 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 | $392,474 | 5.4% |
| 2018 | $407,571 | 3.9% |
| 2019 | $465,221 | 14% |
| 2020 |
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