Ottawa Real Estate Market Updates 2020
Main Housing Stats for Ottawa, July 04, 2020: OREB Members sold a total of 1441 Residential Properties in June 2020, down by 6.4%. (includes freehold and Condos). 1041 were freehold house sales, down 4.4% and 400 were condo sales, down by 11.1%.
The average price for all residential homes last month, which includes houses and condos was $558,533 an increase of 15.7% over 2019.
- Average Freehold House Price in Ottawa is $632,075 an increase of 14.3%
- Average condominium price in Ottawa now $367,137 an increase of 17.6%
Video timeline:
- 00.00 - 00.18 Intro
- 0.18 - 2.36 Ottawa's general real estate update (includes all areas)
- 2.44 - 4.02 Orleans Real Estate Update
- 4.02 - 5.13 Barrhaven real estate update
- 5.13 - 6.18 Kanata real estate 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 | $642,183 | 22.6% |
| 1 1/2 storey | $705,221 | 21.8% |
| 2 storey | $616,724 | 10.7% |
| 3 storey | $714,969 | 24.8% |
| Split-Level | $674,944 | 30.8% |
| High-Ranch | $488,500 | 4.2% |
| Condo 2 Storey | $344,077 | 24.8% |
| Condo Apartment | $384,922 | 13.4% |
| 3 Storey Condo | $431,522 | 36.1% |
How long does it take to sell a Home in Ottawa?
Last month Residential houses took 16 days to sell versus 23 last year and Condominiums are taking 22 days to sell versus 40 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 2604 Residential Properties listed for sale at the end of last month. 2117 were Residential Freehold Listings, down 31.4% and 487 listings were condos, down by 35.3% 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
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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