Main Housing Stats for Ottawa, January 6, 2023. The average price for a home in Ottawa is now $620,538, a decrease of 0.1% over December, 2021. This number includes all residential houses and condos together.
The average price for a freehold house in Ottawa for December was $694,688, down 12.2%. This includes detached singles, Townhouses and Semi-Detached homes.
The average price for a condominium in December was $443,274 up 11.2%. This includes apartments, row units and stacked-style condos.
Ottawa had 434 Residential Properties sell in December 2022, down 21.9%. (includes freehold and condos). 306 sales were freehold, down 2.9%, and 128 were condo sales, down 46.9% over last year.
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.
Note: average house prices in Ottawa have dropped by $155,000 since February 2022!
| Month 2022 | Price | % Change |
| January | $697,982 | 13% |
| February | $765,120 | 17.2% |
| March | $761,811 | -0.4% |
| April | $751,014 | -1.4% |
| May | $731,306 | -2.7% |
| June | $694,900 | -4.9% |
| July | $661,335 | -4.8% |
| August | $633,444 | -4.1% |
| September | $653,906 | 3.1% |
| October | $635,395 | -2.8% |
| November | $637,698 | 0.4% |
| December | $620,538 | -2.7% |
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 | $791,759 | -8.8% |
| Townhome/Semi | $596,340 | -14.3% |
| Bungalow | $684,793 | -13% |
| 1 1/2 Storey | $395,000 | -50.1% |
| 2 Storey | $706,772 | -11.6% |
| 3 Storey | $657,500 | -16.6% |
| Split-Level | $659,514 | -16.4% |
| High-Ranch | $565,000 | -28.3% |
| Condo 2 Storey | $407,567 | 4.5% |
| Condo Apartment | $446,072 | 13.6% |
| Condo 3 Storey | $431,944 | -8.7% |
Last month Freehold houses took 36 days to sell versus 18 days last year and Condominiums are taking 43 days to sell versus 28 days last year.
There were 2,254 Residential Properties listed for sale at the end of last month. 1,732 were Freehold Listings versus 562 last year and 522 listings were condos versus 244 last year.
This month, the numbers don't really tell the real story. We are at the end of the year, so the picture at December 31 and January 1 can be quite different. Our 15 weeks or 3.75 months of inventory would suggest we are in a Seller's Market, however that's misleading when you look at the inventory as of January 1 which is more in line with a Balanced Market.
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.
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 | $645,976 | 22% |
| 2022 | $691,528 | 7% |
The Sold Stats by neighbourhood are taken from our local Ontario Real Estate Board (OREB).
Statistical data provided by the Ottawa Real Estate Board is for informational purposes only and subject to change without prior notice. Although every reasonable effort is made to present current and accurate information for public use, the Ottawa Real Estate Board does not make any guarantees about the content, accuracy, or timeliness of the information presented above.