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Ottawa Real Estate Market Updates

Main Housing Stats for Ottawa, May 1, 2022: The average price for a home in Ottawa is now $751,014, an increase of 9.6% over April, 2021. This number includes all residential houses and condos together.

Breaking average prices down into houses and condos:

The average price for a freehold house in Ottawa for April was $880,151, up 11.4%. This includes detached singles, Townhouses and Semi-Detached homes.

The average price for a condominium in Ottawa for April was $479,622 up 10%. This includes apartments, row units and stacked style condos.

Number of Home Sales versus last year

Ottawa had 1374 Residential Properties sell in April 2022, down 19.7%. (includes freehold and condos). 931 sales were freehold, down 22.9%, and 443 were condo sales, down 12.3% over last year

What's the Average House Price in Ottawa, by Month?

The stats above give you the long-term trend, or year-over-year sales price comparison. The table below shows you the short-term changes, or the month-over-month change in price for 2021/2022.

Month 2021 Price % Change
January $606,459  
February $654,000 7.8%
March $681,673 4.2%
April $686,608 0.7%
May $678,320 -1.2%
June $682,069 0.5%
July $633,683 -7.6%
August $629,112 -0.7%
September $664,039 5.6%
October $645,602 -2.8%
November $612,311 -5.4
December $617,664 0.9%
January 2022 $697,982 13%
February $765,120 17.2%
March $761,811 -0.4%
April $751,014 -1.4%

Average Price for a home in Ottawa by Property Type

This table shows you the average price by the type of property, you can get a better comparison for your house price based on these numbers. This is sales for last month versus the same timeframe last year.

Housing Type Average Price
% Change in Price
Single Detached $988,300 10.7%
Townhome/Semi $728,800 11.5%
Bungalow $822,537 8.2%
1 1/2 Storey $744,429 -8.5%
2 Storey $899,992 13.0%
3 Storey $816,042 2.8%
Split-Level $891,131 13.4%
High-Ranch $708,641 -0.2%
Condo 2 Storey $493,166 14.2%
Condo Apartment $473,642 10%
Condo 3 Storey $547,868 11.1%

How long does it take to sell a Home in Ottawa?

Last month Freehold houses took 8 days to sell versus 7 days last year and Condominiums are taking 10 days to sell versus 11 days last year. 

Inventory Levels, how many homes are on the market?

There were 1,787 Residential Properties listed for sale at the end of last month. 1,418 were Freehold Listings versus 1,189 last year and 369 listings were condos versus 399 last year.

Is it a Buyer's or Seller's Market?

We are in a Seller's Market here in Ottawa, but we are seeing it calm a little. Still a seller's market, but more balanced than a few weeks ago.

The Real Estate Statistics on this page are taken from sales reported by the Ottawa Real Estate Board's MLS System. We remove all of the smaller towns to make it more accurate for people looking for sales and pricing information from Orleans in the East to Kanata in the West and South to Barrhaven and Manotick.

Historical Average SOLD Prices

Sold Home Prices, 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 3.8%
2019 $441,693 8.4%
2020 $529,675 19.9%
2021 $719,605 35.8%

Sold House Prices in Ottawa

The Sold Stats by neighbourhood are taken from our local Ontario real estate board (OREB).

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