Ottawa Real Estate Stats August 2022

Friday Oct 07th, 2022


Members of the Ottawa Real Estate Board sold 1,137 residential properties in August through the Board’s Multiple Listing Service® System, compared with 1,565 in August 2021, a decrease of 27 per cent. August’s sales included 850 in the residential-property class, down 27 per cent from a year ago, and 287 in the condominium-property category, a decrease of 28 per cent from August 2021. The five-year average for total unit sales in August is 1,603.

  • The average sale price for a condominium-class property in August was $421,966, an increase of 4 per cent from 2021.
  • The average sale price for a residential-class property was $707,712, increasing 5 per cent from a year ago.
  • With year-to-date average sale prices at $795,978 for residential and $457,771 for condominiums, these values represent a 10 per cent and 9 percent increase over 2021, respectively.*
  • 2,093 properties were listed in August, boosting inventory to nearly 3 months for residential class properties and 2.2 months for condominiums

*Source: Ottawa Real Estate Board -



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