Ottawa Real Estate Market Updates 2020
Main Housing Stats for Ottawa, December 02, 2020: OREB Members sold a total of 1207 Residential Properties in November 2020, up 27%. (includes freehold and Condos). 814 were freehold house sales, up 29.6% and 393 were condo sales, up by 22%.
The average price for all residential homes last month, which includes houses and condos was $555,301 an increase of 16.3% over 2019.
- Average Freehold House Price in Ottawa is $647,473, an increase of 15.7%
- Average condominium price in Ottawa now $364,622, an increase of 14.9%
Video timeline:
0.00 - 2.50 Intro and the Ottawa general stats
2.50 - 4.04 Orleans Market Update starts
4.04 - 5.26 Barrhaven Market Update
5.26 - 6.46 Kanata Market 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 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 | $654,212 | 23% |
| 1 1/2 storey | $663,913 | 23.6% |
| 2 storey | $642,991 | 16% |
| 3 storey | $662,390 | -0.7% |
| Split-Level | $693,066 | 37.9% |
| High-Ranch | $513,708 | 2.9% |
| Condo 2 Storey | $384,298 | 37.7% |
| Condo Apartment | $383,552 | 10.8% |
| 3 Storey Condo | $361,061 | 0.1% |
How long does it take to sell a Home in Ottawa?
Last month Residential houses took 17 days to sell versus 37 last year and Condominiums are taking 25 days to sell versus 31 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 1474 Residential Properties listed for sale at the end of last month. 1043 were Residential Freehold Listings, down 54% and 431 listings were condos, up by 0.9% 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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