Ottawa Housing Market Trends
Benchmark price $623,500 · -0.3% yearly change
MLS® Home Price Index Data · Source: CREA · Last updated 2026-09
Composite Benchmark
$623,500
-2.2% from last month · HPI 269.2Monthly Change
-2.2%
month over monthYearly Change
-0.3%
year over yearAll-Time Peak
$703,100
-11.3% from peak · Mar 2022Buyer's Market — Ottawa. Prices are declining. Higher inventory gives buyers more negotiating power.
Market Insights
Key signals computed from full price history
Price Recovery from Peak$623,500vs peak $703,100 · Mar 2022
Quarter-over-Quarter-1.4%price change, last 3 months
3-Year Total Return+1.1%trailing 36 months
5-Year Total Return+4.0%trailing 60 months
Price VolatilityLowstd dev of monthly changes: 1.14%
Affordability vs Ontario103%Ontario avg $605,479
Historical Low (Trough)$231,600Jan 2005 · +169.2% above low
Condo vs House Gap$324,300single-family costs more than condos
Best PerformerTwo Storey +0.4%worst: Apartment / Condo -6.1%
Market Momentum Score5.2/10Moderate — trend, volatility & conditions
Benchmark Price Trend
12-month composite benchmark price
Benchmark Price Over Time
Composite benchmark price history
HPI Index Over Time
Composite HPI (base 100)
Property Type Breakdown
Latest benchmark prices by type
Single Family$705,100HPI 283.7
Monthly-3.0%
Yearly-0.1%
One Storey$630,100HPI 285
Monthly-3.2%
Yearly-0.6%
Two Storey$759,000HPI 285.2
Monthly-2.7%
Yearly+0.4%
Townhouse$546,500HPI 273.8
Monthly-0.1%
Yearly-2.2%
Apartment / Condo$380,800HPI 201.5
Monthly-3.1%
Yearly-6.1%
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Property Type Details
Detailed breakdown for Ottawa
| Property Type | Benchmark | HPI Index | Monthly | Yearly | 12-Month Trend | Perf. Rank |
|---|---|---|---|---|---|---|
| Composite | $623,500 | 269.2 | -2.2% | -0.3% | — | — |
| Single Family | $705,100 | 283.7 | -3.0% | -0.1% | #2 | |
| One Storey | $630,100 | 285 | -3.2% | -0.6% | #3 | |
| Two Storey | $759,000 | 285.2 | -2.7% | +0.4% | #1 | |
| Townhouse | $546,500 | 273.8 | -0.1% | -2.2% | #4 | |
| Apartment / Condo | $380,800 | 201.5 | -3.1% | -6.1% | #5 |
All Ontario Markets
Compare benchmark prices and changes across all 28 Ontario markets.
| Board Region | Benchmark | Monthly | Yearly | Peak | From Peak | Condition |
|---|---|---|---|---|---|---|
| Oakville Milton | $1,023,000 | -2.0% | -4.2% | Feb 2022 $1,573,100 | -35.0% | Buyer's Market |
| Greater Toronto | $917,600 | -0.9% | -4.6% | Feb 2022 $1,279,800 | -28.3% | Buyer's Market |
| Mississauga | $903,600 | -1.1% | -6.4% | Mar 2022 $1,326,500 | -31.9% | Buyer's Market |
| Guelph and District | $720,200 | +0.6% | -3.6% | Feb 2022 $976,100 | -26.2% | Balanced Market |
| Hamilton Burlington | $718,600 | -1.3% | -5.1% | Feb 2022 $1,031,700 | -30.3% | Buyer's Market |
| Barrie and District | $687,400 | -1.2% | -5.3% | Mar 2022 $969,700 | -29.1% | Buyer's Market |
| Cambridge | $662,700 | -0.6% | -4.2% | Feb 2022 $983,300 | -32.6% | Buyer's Market |
| Kitchener Waterloo | $630,200 | +0.3% | -5.6% | Feb 2022 $943,300 | -33.2% | Buyer's Market |
| Northumberland Hills | $628,600 | +0.1% | -2.5% | Mar 2022 $864,400 | -27.3% | Balanced Market |
| Ottawa | $623,500 | -2.2% | -0.3% | Mar 2022 $703,100 | -11.3% | Buyer's Market |
| Lakelands | $610,600 | -1.3% | -4.8% | Mar 2022 $795,400 | -23.2% | Buyer's Market |
| Brantford Region | $610,000 | -0.8% | -7.7% | Feb 2022 $863,000 | -29.3% | Buyer's Market |
| Windsor Essex | $570,000 | -2.4% | -2.4% | Apr 2022 $707,000 | -19.4% | Buyer's Market |
| Peterborough and Kawarthas | $568,200 | -0.8% | -3.8% | Mar 2022 $743,800 | -23.6% | Buyer's Market |
| Simcoe and District | $567,900 | +0.4% | -3.4% | Mar 2022 $701,700 | -19.1% | Balanced Market |
| Niagara Region | $567,400 | -0.4% | -4.6% | Mar 2022 $811,700 | -30.1% | Buyer's Market |
| Woodstock Ingersoll Tillsonburg | $566,700 | -1.8% | -5.1% | Apr 2022 $788,400 | -28.1% | Buyer's Market |
| Grey Bruce Owen Sound | $555,200 | -0.9% | -1.7% | Apr 2022 $667,800 | -16.9% | Balanced Market |
| London St Thomas | $552,500 | -0.2% | -2.6% | Feb 2022 $780,400 | -29.2% | Balanced Market |
| Kawartha Lakes | $547,400 | -1.8% | -8.6% | Apr 2022 $757,900 | -27.8% | Buyer's Market |
| Kingston and Area | $542,800 | -1.3% | +0.5% | Mar 2022 $624,100 | -13.0% | Balanced Market |
| Huron Perth | $538,900 | +0.9% | -2.7% | Apr 2022 $687,600 | -21.6% | Balanced Market |
| Rideau St Lawrence | $513,200 | -5.0% | -5.3% | Apr 2022 $590,500 | -13.1% | Buyer's Market |
| Sudbury | $498,000 | -0.3% | -1.2% | May 2026 $527,300 | -5.6% | Balanced Market |
| Quinte and District | $478,100 | -2.0% | -6.9% | Mar 2022 $626,400 | -23.7% | Buyer's Market |
| Bancroft and Area | $420,700 | +1.2% | -13.5% | Aug 2022 $521,000 | -19.3% | Buyer's Market |
| North Bay | $418,600 | -0.2% | -1.7% | Apr 2022 $440,000 | -4.9% | Balanced Market |
| Sault Ste Marie | $311,800 | -2.0% | -2.4% | Sep 2025 $319,400 | -2.4% | Buyer's Market |
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Browse ListingsData source: Canadian Real Estate Association (CREA) — MLS® Home Price Index. Last updated 2026-09.