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Ottawa MLS® Listings & Real Estate for Sale
Homes For Sale in Ottawa: This webpage displays the latest MLS listings of Ottawa city ! Here, you'll find everything that you need to know about buying a home in the capital city of Canada. Ottawa is the capital city of Canada that lies in southeastern Ontario. It started as a humble trading and lumbering community in Canada's infancy. From there, it grew into a bustling city that became the Province of Canada in 1857. Ottawa would keep its capital title when it joined the British Commonwealth in 1867. It's one of the most bilingual cities in Canada, with many English and French speakers. As a city, Ottawa has it all. It thrives in all seasons and has a vibrant economy and rich culture. Here's a breakdown of the population and some other statistics of the city:
Population
Area
2790km2
QOL Rank
New construction
0
Active listings
2155
Rental listings
710
Ottawa Real Estate Trends and Information
The city is home to 6 unique neighborhoods and 11 historic townships when it comes to Ottawa real estate. If you're interested in homes for sale in Ottawa, here's a rundown of the city's demographics:
- 230,640 families
- The median age is 39
- Median monthly rent is $1,490
- $79,634 median family income
- 33% rent and 67% own their homes
- Median monthly mortgage is $2,664
- 64% of residents have a college education
MLS Ottawa Listings & Updates
According to Ottawa Citizen, as of August 2021, Ottawa has seen a drop in home prices for the fourth month in a row. Here's what the fall looks like:
- In March, the average home price peaked at $759,000
- As per July's sales, that average is now down to $685,400
Due to the dip in prices now is the time to strike for budding homeowners in Ottawa. Sellers should wait for the prices to rise again before putting homes on the market. The multiple offer craze of the past few months has cooled down.
Ottawa Real Estate: Neighborhood Evaluation
There are many neighborhoods to choose from in Ottawa. Each has its advantages for different types of homeowners. In general, Ottawa is a youthful and safe city with lots of good options for housing. Tech workers will benefit from nesting in Kanata, the leading tech hub of Ottawa. The neighborhood is very urban and boasts all the amenities of living in the heart of a big city. You won't need to venture far to find something exciting to do in Canada. Conversely, residents that want to escape the city should consider Constance Bay. It's 20 minutes away from downtown and has a relaxed, waterfront vibe. There are seasonal cottages here as well as four-season homes. If you aren't a fan of a long commute, then Centretown is ideal. While prices are high, everything that you need is within walking distance homeowners with children will enjoy Carleton Square. It's a quiet, peaceful suburban neighborhood ideal for raising a family. It's close to Carleton University, which is excellent for students.
Top Selling Points for Homes for Sale in Ottawa
Commercial Property in Ottawa
Ottawa has a vibrant commercial real estate market as well. The blossoming tech scene and public sector provide ample opportunities for investors. Currently, the retail market has seen some recovery in early 2021. According to this report by Cushman and Wakefield, retail vacancy is at 3.6%, which is an improvement. In the second half of 2020, vacancy was at 5.2%. Office marketplaces are also making a comeback. Their vacancy dropped from 19.9% last quarter to 12.5%. This dip in vacancy is due to workers returning to traditional office environments. Apartment complexes have also seen some strong sales in the 3rd quarter of 2020. Industrial properties are enjoying a record low vacancy. That's due to the pandemic causing a rise in demand for e-commerce warehouses.
FAQ About Ottawa Housing Market
Q: What are some surrounding cities to Ottawa, ON ?
A: The closest cities in proximity include Navan, North Gower, Manotick, and Metcalfe.
Q: What's the safest area in Ottawa, ON ?
A: According to Henderson Security, West Carleton is the safest area in all of Ontario. The report states that there are 1,274 crimes per 100,00 people. It's an ideal area to raise a family.
Q: Which neighborhoods have the most affordable homes ?
A: Ottawa's most affordable neighborhoods are:
- Orleans: Avg. home price: $370,689
- Barrhaven: Avg. home price: $387,052
- Nepean: Avg. home price: $407,081
Q: What fun things are there to do in Ottawa ?
A: Ottawa is famous for all the exciting activities you can do in the city. Winter is a fun time filled with skating, skiing, hiking, and more. Summertime is when you can go fishing, canoeing, and swimming. There are also lots of museums, breweries, and fabulous restaurants.
Average Home Price | CA$794,121 |
|---|---|
Average Rent | CA$2,862 |
Average Condo Price | Not available |
Average Detached Price | Not available |
Exploring Ottawa
Entertainment
Education
Economy
Frequently Asked Questions (FAQs)
Below you will find answers to the most commonly asked questions about Ottawa
Neighbouring Cities
Popular cities within a 100km radius of Ottawa
*Accuracy of information
While the Information is considered to be true and correct at the date of publication, changes in circumstances after the time of publication may impact on the accuracy of the Information. The Information may change without notice and Dale Mundi is not in any way liable for the accuracy of any information printed and stored or in any way interpreted and used by a user.
While the Information is considered to be true and correct at the date of publication, changes in circumstances after the time of publication may impact on the accuracy of the Information. The Information may change without notice and Dale Mundi is not in any way liable for the accuracy of any information printed and stored or in any way interpreted and used by a user.
This website may only be used by consumers that have a bona fide interest in the purchase, sale or lease of the type of realestate being offered via this website.
REALTOR®, REALTORS® and the REALTOR® logo are certification marks owned by REALTOR® Canada Inc., a corporation jointly owned by the National Association of REALTORS® and CREA.
MLS®, Multiple Listing Service®, and the associated logos are all registered certification marks owned by CREA and are used to identify real estate services provided by brokers and salespersons who are members of CREA.
REALTOR®, REALTORS® and the REALTOR® logo are certification marks owned by REALTOR® Canada Inc., a corporation jointly owned by the National Association of REALTORS® and CREA.
MLS®, Multiple Listing Service®, and the associated logos are all registered certification marks owned by CREA and are used to identify real estate services provided by brokers and salespersons who are members of CREA.
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