Ottawa Real Estate Market Updates 2019
Main Housing Stats for Ottawa, July 01, 2019: OREB Members sold a total of 2105 Residential Properties in June 2019, up by 2% with an average house price of $455,694, up by 9%. (includes freehold and Condos)
Statistics below compare June 2019 to the same month last year
- The Average Price for a Residential Freehold House is $500,716 up 11.4%
- Average price for a condominium was $308,482, up 6.2%
- 1612 sales were Residential Freehold Homes, same as last year
- 493 were Condo Sales, up by 8.8%
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 | $447,745 | 10.9% |
| 1 1/2 storey | $357,130 | 14.6% |
| 2 storey | $531,196 | 11.5% |
| 3 storey | $573,593 | -0.5% |
| Split-Level | $457,156 | 10.6% |
| High-Ranch | $396,069 | 15.5% |
| Condo 2 Storey | $272,745 | 15.5% |
| Condo Apartment | $337,001 | 4.7% |
| 3 Storey Condo | $310,315 | -2.4% |
How long does it take to sell a Home in Ottawa?
Last month Residential houses took 35 days to sell versus 50 in 2018 and Condominiums are taking 43 days to sell versus 59 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 3048 Residential Properties listed for sale at the end of last month. 3048 were Residential Freehold Listings, down 21.8% and 753 listings were condos, down by 43.6% over same month last year.
Is it a Buyer's or Seller's Market?
We are currently in a Sellers' Market here in Ottawa based on the inventory levels we see above. We really need more people to list their homes right now, they will get the best price in this type of Market
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 | AVGERAGE 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 |
Using the table above, Here's a quick example for you:
If, in 1993 you bought a house for around $150,000 and you put down 20%, or $30,000, and your amortization period was 20 years. Right now you'd have your mortgage paid off, and your house would be worth $360,000. That's not a bad return on your initial investment of $30,000. Try getting that sort of return from your bank !
The monthly payments on your mortgage would have been around $600 or $700...likely the same amount you'd be paying if you rented. Obviously, if you owned the home for 20 years, there were likely things that needed to be repaired or upgraded, maybe the furnace, or your roof etc....still, I think buying the house still got you a great return on your investment.
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Number of Sales - 5 Year Average
