Ottawa Real Estate Market Updates 2020
Main Housing Stats for Ottawa, November 05, 2020: OREB Members sold a total of 1523 Residential Properties in October 2020, up 32.9%. (includes freehold and Condos). 1068 were freehold house sales, up 37.6% and 455 were condo sales, up by 23%.
The average price for all residential homes last month, which includes houses and condos was $570,243 an increase of 21.1% over 2019.
- Average Freehold House Price in Ottawa is $654,079, an increase of 21.4%
- Average condominium price in Ottawa now $379,356, an increase of 15.4%
Video timeline:
00.00 - 00.33 Intro
00.33 - 02.08 Ottawa General Market Update
02.14 - 03.09 Orleans Update
03.09 - 04.19 Barrhaven Update
04.19 - 05.27 Kanata Update
The Real Estate Statistics on this page are taken from sales reported by the Ottawa Real Estate Boards MLS System. We remove all of the smaller towns that are included in OREB's report 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.
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 | $654,188 | 25.4% |
| 1 1/2 storey | $654,042 | 18.9% |
| 2 storey | $657,392 | 23.1% |
| 3 storey | $650,125 | 4.1% |
| Split-Level | $653,931 | 30.4% |
| High-Ranch | $654,793 | 37% |
| Condo 2 Storey | $394,980 | 33.6% |
| Condo Apartment | $400,040 | 16.4% |
| 3 Storey Condo | $337,370 | -4.2% |
How long does it take to sell a Home in Ottawa?
Last month Residential houses took 14 days to sell versus 30 last year and Condominiums are taking 19 days to sell versus 36 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 1053 Residential Properties listed for sale at the end of last month. 577 were Residential Freehold Listings, down 76% and 476 listings were condos, down 9.7% 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?
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 |
Sold House Prices in Ottawa
The Sold Stats by neighbourhood are taken from our local real estate board (OREB).
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