Are Current Mortgage Rates Affecting Property Prices in Ottawa These Days?
Here are the latest average sale prices of various styles of residential properties and condos throughout Ottawa and the surrounding areas during the period between April 2023 and May 2023.
The properties with price increases may indicate demand for those properties, while the ones with price decreases may indicate buyers looking for affordable housing options.
At the end of the day, sellers need to be mindful that buyers and investors are looking for properties that offer value.
RESIDENTIAL
| Property Type | April 2023 | May 2023 | % Change |
| 1 1/2-Storey Detached | $443,355 | $486,047 | 9.6% |
| 2-Storey Detached | $842,672 | $837,026 | -0.67% |
| Bungalow | $626,843 | $648,575 | 3.5% |
| Hi-Ranch | $556,668 | $565,341 | 1.6% |
| Semi-Detached | $704,545 | $637,429 | -9.5% |
| 2-Storey Townhome | $604,017 | $614,265 | 1.7% |
CONDO
| Property Type | April 2023 | May 2023 | % Change |
| Apartment | $437,895 | $435,961 | -0.4% |
| 2-Storey Townhome | $423,633 | $416,831 | -1.6% |
| Stacked Townhome | $409,125 | $426,871 | 4.3% |
