About Ottawa Real Estate

March Property Statistics

March Resales Go Out Like a Lion
April 7, 2021

Members of the Ottawa Real Estate Board sold 2,285 residential properties in March through the Board’s Multiple Listing Service® System, compared with 1,514 in March 2020, an increase of 51 per cent. March’s sales included 1,705 in the residential-property class, up 47 per cent from a year ago, and 580 in the condominium-property category, an increase of 65 per cent from March 2020. The five-year average for total unit sales in March is 1,688.

March’s average sale price for a condominium-class property was $437,041, an increase of 18 per cent from last year, while the average sale price for a residential-class property was $758,802, an increase of 35 per cent from a year ago.With year-to-date average sale prices at $729,897 for residential and $415,054 for condominiums, these values represent a 32 per cent and 17 percent increase over 2020, respectively.*

“These accelerated price growths are purely a result of long-term inventory shortage. I don’t believe that Ottawa’s market is by any means out of control but rather is coming into its own. However, until there is action at all three levels of government to resolve our supply challenges, our housing prices are not going to stabilize. And this phenomenon is not occurring in our market alone; housing stock scarcity is a nation-wide issue.”

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Properties Sold


Increase in Homes Sold


Average sale price (residential)


Average sale price (condos)

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