Ottawa · Ontario · Canada
Ottawa
Condo
Market
A decade of condo market data — units sold, average prices, and seasonal patterns from 2016 through 2026.
2016 — 2026 · CONDOMINIUM
4,816
Record Units Sold · 2021
3,100
Decade Low Units · 2023
$483K
Peak Monthly Avg · Mar 2022
$453K
Peak Annual Avg · 2022
Units Sold by Year
Condo transactions · annual totals · 2016–2025
Annual Volume
Average Sale Price
Annual average sold price in CAD · 2016–2025
Price Trend
Key Insights
What the condo data reveals
Price Growth
+64%
Average condo prices grew from $265K in 2016 to a peak of $453K in 2022, a 64% increase over six years. Condos remain the more accessible entry point into Ottawa real estate.
COVID Effect
2021
Ottawa condos hit a decade high of 4,816 units sold in 2021. Low rates and remote work drove first-time buyers and investors into the condo market in record numbers.
The Danger Window
Jan–Jun 2022
Monthly condo prices peaked between $450K and $483K in early 2022. Buyers from that window are still sitting roughly $48K below what they paid. A forced sale today is a tough conversation.
Price Plateau
3 Flat Years
Unlike residential, condo prices have barely moved since 2022. At $434K, $434K, and $435K from 2023 to 2025, the market is stalled. A buyer opportunity — but a difficult exit for anyone who purchased at the top.
Seasonal Patterns
10-year average share of annual condo sales by month
Peak Season
59.5%
March — August (6 Months)
Condos have a longer peak season than residential — six months account for nearly 60% of all annual sales. May is consistently the busiest single month at around 11.6% of yearly volume.
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Off-Season
40.5%
September — February (6 Months)
The back half of the year is noticeably quieter for condos. December is the slowest month averaging just 5% of annual volume. Sellers listing in fall or winter face a thinner buyer pool.
Quietest Month
December
~5.0% of annual sales
Monthly Units Sold
Condo units sold per month · 2016–2026 (partial)
| Month | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026* |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Jan | 154 | 130 | 164 | 205 | 211 | 277 | 278 | 146 | 159 | 187 | 156 |
| Feb | 199 | 226 | 262 | 248 | 294 | 354 | 314 | 204 | 233 | 211 | 220 |
| Mar | 152 | 312 | 366 | 365 | 347 | 565 | 497 | 291 | 307 | 290 | 243 |
| Apr | 268 | 303 | 430 | 416 | 209 | 518 | 455 | 303 | 349 | 334 | — |
| May | 318 | 454 | 492 | 545 | 282 | 493 | 447 | 449 | 404 | 365 | — |
| Jun | 318 | 404 | 444 | 465 | 414 | 469 | 350 | 390 | 341 | 320 | — |
| Jul | 281 | 330 | 362 | 454 | 521 | 391 | 250 | 265 | 309 | 297 | — |
| Aug | 282 | 363 | 395 | 421 | 429 | 379 | 278 | 275 | 267 | 271 | — |
| Sep | 262 | 303 | 325 | 420 | 536 | 354 | 250 | 238 | 248 | 249 | — |
| Oct | 250 | 268 | 303 | 375 | 455 | 393 | 219 | 215 | 263 | 244 | — |
| Nov | 220 | 300 | 291 | 325 | 384 | 367 | 176 | 181 | 231 | 203 | — |
| Dec | 155 | 207 | 163 | 205 | 288 | 256 | 130 | 143 | 170 | 148 | — |
| Total | 2,859 | 3,600 | 3,997 | 4,444 | 4,370 | 4,816 | 3,644 | 3,100 | 3,281 | 3,119 | — |
* 2026 data through March only. Red = monthly high · Green = notable low.
Average Sold Price
CAD per transaction · monthly average · 2016–2026
| Month | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026* |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Jan | $246K | $262K | $267K | $288K | $346K | $389K | $451K | $413K | $418K | $438K | $384K |
| Feb | $258K | $260K | $278K | $290K | $356K | $413K | $475K | $414K | $432K | $429K | $418K |
| Mar | $259K | $292K | $273K | $289K | $375K | $442K | $483K | $416K | $442K | $432K | $418K |
| Apr | $275K | $268K | $276K | $313K | $325K | $434K | $478K | $444K | $441K | $451K | — |
| May | $264K | $275K | $289K | $303K | $351K | $431K | $478K | $447K | $454K | $467K | — |
| Jun | $264K | $295K | $293K | $311K | $365K | $439K | $442K | $455K | $446K | $426K | — |
| Jul | $268K | $268K | $283K | $303K | $364K | $424K | $424K | $433K | $443K | $434K | — |
| Aug | $274K | $277K | $278K | $311K | $391K | $411K | $429K | $434K | $418K | $418K | — |
| Sep | $251K | $262K | $288K | $315K | $381K | $434K | $456K | $439K | $431K | $423K | — |
| Oct | $258K | $269K | $275K | $328K | $374K | $411K | $451K | $443K | $427K | $439K | — |
| Nov | $278K | $260K | $290K | $316K | $367K | $437K | $425K | $426K | $434K | $435K | — |
| Dec | $287K | $264K | $291K | $317K | $356K | $398K | $441K | $439K | $425K | $422K | — |
| Avg | $265K | $271K | $282K | $307K | $363K | $422K | $453K | $434K | $434K | $435K | — |
* 2026 data through March only. Red = period high · Values rounded to nearest $K.