Ottawa Real Estate Market Updates 2020
Main Housing Stats for Ottawa, Feb. 03, 2020: OREB Members sold a total of 565 Residential Properties in January 2019, down 0.9%. (includes freehold and Condos). 356 were freehold house sales, down 2.5% and 209 were condo sales, up by 2%.
The average price for all residential homes, which includes houses and condos was $494,929, an increase of 17.64% over 2019.
- Average Freehold House Price in Ottawa is $581,614, an increase of 17.49%
- Average condominium price in Ottawa now $347,274, an increase of 20.41%
Video Timeline:
0:00 - 2:00 Ottawa general real estate stats
2:00 - 3:17 Orleans Statistics
3:17 - 4:22 Kanata Statistics
4:22 - 5:40 Barrhaven Statistics
5:40 - 5:51 Summary
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 | $575,774 | 28.1% |
| 1 1/2 storey | $442,000 | -8.7% |
| 2 storey | $565,210 | 13.5% |
| 3 storey | $670,581 | 25% |
| Split-Level | $584,552 | 5.44% |
| High-Ranch | $570,700 | 14.9% |
| Condo 2 Storey | $310,583 | 26.6% |
| Condo Apartment | $365,567 | 18.21% |
| 3 Storey Condo | $346,766 | 19.8% |
How long does it take to sell a Home in Ottawa?
Last month Residential houses took 36 days to sell versus 50 in 2018 and Condominiums are taking 38 days to sell versus 70 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 1670 Residential Properties listed for sale at the end of last month. 1417 were Residential Freehold Listings, down 35.2% and 253 listings were condos, down by 62.8% over same month last year.
Is it a Buyer's or Seller's Market?
We are currently in a Sellers' Market here in Ottawa based on the inventory levels we see above. We really need more people to list their homes right now, they will get the best price in this type of Market
How much is Your Ottawa Home Worth?
Average Sold House Prices for 2019
Average house price in Ottawa by month, compared with the same month last year
| Month | Average Price | % Change over 2018 |
| January 2020 | $494,929 | Up 17.6% |
| February 2020 | ||
| March 2020 | ||
| April 2020 | ||
| May 2020 | ||
| June 2020 | ||
| July 2020 | ||
| August 2020 | ||
| September 2020 | ||
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| 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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