Ottawa House Prices Went Up By 22% This Year But It's Still Way Cheaper Than Toronto

It's getting more and more expensive! 😱
Ottawa House Prices Went Up By 22% This Year But It's Still Way Cheaper Than Toronto
Ahkenahmed | Dreamstime Elena Elisseeva | Dreamstime
Managing Editor, Canada

It’s getting more and more expensive in O-Town! According to a new report, Ottawa house prices have increased significantly since last year, with the average sale price jumping a whopping 22%.

According to the Ottawa Real Estate Board, the average cost of a condo was $383,640 in August, a jump of 24% from 2019.

House prices were also up, with the average residential-class property selling for $566,291. Eek!

Editor's Choice: Health Canada Is Hiring Multiple Roles In Ottawa Right Now & They Pay Up To $107K (VIDEO)

22%

How much Ottawa house prices have increased in 2020

While it’s getting pretty hot in the national capital region, it’s still relatively reasonable when compared with Toronto prices.

Over the same month, the average selling price in the 6ix rose to $951,404, a record-breaking figure for Toronto real estate.

With shocking price tags on all sorts of properties in the city, a move to the countryside suddenly seems pretty appealing.

Via CTV News

OttawaCanadaReal EstateReal Estate
  • Helena Hanson

    Managing Editor

    Helena Hanson (she/her) is the Managing Editor of Canada for Narcity and MTL Blog, where she brings her expertise in dreamy, aspirational travel journalism to life. A first-class graduate of Cardiff University's School of Journalism, Helena has a passion for inspiring readers to discover the magic in their own backyards. Originally from the U.K., Helena has spent years uncovering hidden gems and must-see destinations across countries like Sri Lanka, Vietnam, Indonesia, Japan, and more. Having lived in both Canada and Australia, she's become a seasoned expert in off-the-beaten-path adventures and bucket-list experiences that don't break the bank. Whether she's writing about things to do in Ottawa, Montreal, or her favourite spot—Disney World—Helena hopes to leave readers dreaming of their next adventure.

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