Ottawa MLS® residential sales · 1956 to 2025
$13,351 to $700,349.
Seventy years of Ottawa Real Estate Board data on the average home, condos included. Then an outlook to 2031 that you can adjust for interest rates, federal job cuts, inflation and population growth.
Seventy years at a glance
- Growth since 1956
- 52×
- Average yearly gain
- 5.9%
- Years prices fell
- 6 of 69
- Biggest one-year jump
- +25.3% (1973)
TCMG Ottawa Home Price History (The Campbell-Maric Group), November 2026: the average Ottawa home sold for $13,351 in 1956 and $700,349 in 2025, a 5.9% average yearly gain over 69 years. Source: Ottawa Real Estate Board, via yourhomeinottawa.ca/ottawa-home-prices/.
01 / Average sale price, every year
Most years go up. The falls are short.
Shaded bands mark the five periods described below the chart. Move along the line to see any year.
- 1973–74
Inflation boom
Prices rose 25% and then 22% as general inflation ran in double digits.
- 1983–84
Early-80s surge
Mortgage rates fell from their 1981 peak, and prices jumped 21% and then 18%.
- 1994–96
Federal Program Review
Deep public service cuts. Ottawa prices fell three years in a row, about 5% in total.
- 2020–21
Pandemic surge
Record-low rates and remote work pushed prices up 20% and then 22%.
- 2023
Rate shock
The fastest rate hikes in a generation brought a 5.3% decline.
Change from the year before
Price rose Price fell
The falls usually follow a rate spike or a hit to local jobs.
02 / Price outlook, 2026 to 2031
Where Ottawa prices could go from here.
The outlook starts from an estimated 2026 average of about $680,000, based on monthly board data through October. Our base case: a small dip in 2027 as federal job cuts and the October rate rise work through the market, a modest 2028, then about 3% a year. Pick another scenario or set the inputs yourself. The shaded range shows how far actual results have strayed from trend in past years.
Average price, 2010 to 2031
Actual Outlook Likely range
| Year | Average | Change | Likely range |
|---|---|---|---|
| 2026 (est.) | $680,000 | −2.9% | $670K to $690K |
| 2027 | $675,600 | −0.6% | $631K to $724K |
| 2028 | $684,700 | +1.4% | $622K to $753K |
| 2029 | $702,200 | +2.6% | $625K to $789K |
| 2030 | $722,200 | +2.9% | $632K to $826K |
| 2031 | $742,800 | +2.9% | $640K to $862K |
An outlook is an estimate, not a guarantee, an appraisal or financial advice. The value of any one home depends on its street, condition and type.
03 / The economy right now · November 2026
What the base case is built on.
- Holding prices back$678,512
Ottawa’s October 2026 average, down 4.5% from a year earlier. Sales fell 10.7% and homes sold for 97.5% of list price.
- Holding prices back2.5%
The Bank of Canada raised its policy rate on October 28, its first increase since 2023, because high energy prices risk spreading into wider inflation.
- Holding prices back−9,505
Fewer federal public servants in mid-2026 than a year before. Nearly half of federal jobs are in Ottawa-Gatineau, and more cuts are planned through 2029.
- Mixed$699,200
The single-family benchmark price is down only 0.8% year over year. Detached homes are holding value better than the overall average.
- Supporting prices2027
The Bank expects growth to slow this quarter because of US tariffs, then pick up again in 2027.
- Supporting pricesModest
The Conference Board expects the job cuts to have a modest effect on Ottawa housing, with population growth slowing only slightly, to 0.7%.
How the outlook works
Each year’s change adds up five parts: inflation, plus 1% of long-run real growth, minus about 2% for each point the mortgage rate sits above 4.5%, minus a federal job-cut drag that is heaviest in 2027 and fades out by 2030, plus 1.5% for each point population growth runs above 1%. The likely range uses the spread of Ottawa’s actual yearly changes from 1991 to 2025 (about 5.2% a year) and widens the further out it looks. It is a planning tool built on public data.
Full data table, 1956 to 2025
| Year | Average sale price | Change |
|---|---|---|
| 2025 | $700,349 | +3.1% |
| 2024 | $679,067 | +3.7% |
| 2023* | $654,857 | −5.3% |
| 2022 | $691,528 | +7.1% |
| 2021 | $645,976 | +22.0% |
| 2020 | $529,675 | +19.9% |
| 2019 | $441,693 | +8.4% |
| 2018 | $407,571 | +3.8% |
| 2017 | $392,474 | +5.5% |
| 2016 | $371,897 | +1.2% |
| 2015 | $367,629 | +1.6% |
| 2014 | $361,707 | +1.2% |
| 2013 | $357,346 | +1.6% |
| 2012 | $351,792 | +2.4% |
| 2011 | $343,701 | +5.0% |
| 2010 | $327,225 | +7.7% |
| 2009 | $303,888 | +4.9% |
| 2008 | $289,766 | +6.3% |
| 2007 | $272,618 | +6.5% |
| 2006 | $255,889 | +4.6% |
| 2005 | $244,531 | +3.8% |
| 2004 | $235,678 | +7.8% |
| 2003 | $218,692 | +9.0% |
| 2002 | $200,711 | +14.1% |
| 2001 | $175,971 | +10.3% |
| 2000 | $159,511 | +6.6% |
| 1999 | $149,650 | +4.0% |
| 1998 | $143,953 | +0.1% |
| 1997 | $143,873 | +2.4% |
| 1996 | $140,513 | −1.9% |
| 1995 | $143,193 | −2.9% |
| 1994 | $147,543 | −0.4% |
| 1993 | $148,129 | +3.0% |
| 1992 | $143,868 | +0.4% |
| 1991 | $143,361 | +1.4% |
| 1990 | $141,438 | +2.9% |
| 1989 | $137,455 | +7.0% |
| 1988 | $128,434 | +7.4% |
| 1987 | $119,612 | +7.1% |
| 1986 | $111,643 | +4.0% |
| 1985 | $107,306 | +5.1% |
| 1984 | $102,084 | +18.4% |
| 1983 | $86,245 | +21.3% |
| 1982 | $71,080 | +9.5% |
| 1981 | $64,896 | +3.4% |
| 1980 | $62,748 | +1.4% |
| 1979 | $61,896 | +4.7% |
| 1978 | $59,134 | +3.7% |
| 1977 | $57,032 | +4.4% |
| 1976 | $54,623 | +10.1% |
| 1975 | $49,633 | +6.4% |
| 1974 | $46,661 | +21.8% |
| 1973 | $38,305 | +25.3% |
| 1972 | $30,576 | +10.0% |
| 1971 | $27,808 | +4.8% |
| 1970 | $26,532 | +3.4% |
| 1969 | $25,652 | +10.0% |
| 1968 | $23,329 | +19.8% |
| 1967 | $19,476 | +8.2% |
| 1966 | $18,004 | +5.6% |
| 1965 | $17,056 | +3.0% |
| 1964 | $16,563 | +0.1% |
| 1963 | $16,549 | +3.7% |
| 1962 | $15,952 | −0.7% |
| 1961 | $16,070 | −4.3% |
| 1960 | $16,791 | +4.7% |
| 1959 | $16,038 | +3.0% |
| 1958 | $15,564 | +9.4% |
| 1957 | $14,230 | +6.6% |
| 1956 | $13,351 | – |
Source: Ottawa Real Estate Board, MLS® residential sales including condominiums, average sale price by year. *2023 carries a footnote in the board’s original table. 2026 is an estimate built from the board’s monthly releases through October 2026. Economic context from the Ottawa Real Estate Board, the Bank of Canada and the Conference Board of Canada. Updated November 9, 2026.
What is your home worth?
Your home, not the average.
A citywide average can’t price your street. Ask for a free Home Equity Report and we’ll pull the recent sales around your home.