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Currently, there are more than 50 new-home developments in the Ottawa area with homes ranging from townhomes and condos to bungalows and two-storey singles. To navigate the choices, we’ve detailed most of the significant developments within a 50-kilometre radius of Ottawa, on the Ontario side. Use the helpful filtering options on the map (or see the list below) to identify developments of interest to you and select specific pins for a summary of each.
Median price: Third quarter of 2022
Single Detached: The median sale price for single detached homes edged up 3% on a year-over-year basis to $685,000 in the third quarter of 2022. Total of 1,951 Units sold.
Townhouse :The median sale price for townhouse and row units edged up 3.8% on a year-over-year basis to $550,000 in the third quarter of 2022. Total of 985 units sold
Source: https://creastats.crea.ca/mls/otta-median-price , https://creastats.crea.ca/mls/otta-sales-by-category
Check available Pre construction Open House in Ottawa (Kanata, Osgoode, The Gleve, Old Ottawa)
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Tuesday, Jan 5 -Open House - check for availability
Email us at [email protected] or call us 647 527 4970 to inquire about new development homes in Ottawa.
Why Buy New Construction Homes in Ottawa? Reasons to buy a home for your family.
One of the best parts of choosing to buy pre-construction homes such as detached, townhomes or condos in Ottawa is the variety of incredible neighborhoods you have to choose from. Ottawa is thriving and from fast-growing rural communities like Greely and Manotick to urbanite-friendly hubs like Westboro, Ottawa has something for everyone.
I am looking to buy a new construction home in Ottawa. Are there any other hidden costs when buying a Pre-construction home?
Even though the purchase price of a pre-construction home might look cheaper than a resale on paper, be sure to budget for hidden costs in new construction such as:
GST/HST, which the government charges on newly built homes
Connecting utilities like gas and electricity
Putting up eavestroughs and downspouts
Air conditioner installation
Major appliances — refrigerator, stove, and so on
Automatic garage door opener
All those upgrades are in addition to the typical closing costs and fees you would pay when buying a home.
What are the condo fees? If I buy a new condo in Ottawa how much do I have to pay? Who set the condo fees?
Condo fees are the monthly payments all condo owners pay to maintain their shared property and fund amenities or building management fees.
Condo fees are set by the condo corporation board. Condo corporations hold annual general meetings where they walk through the corporation’s finances, all the changes taking place, and vote for a board of directors.
Ottawa Real Estate Market Updates ( 2022 )
Main Housing Stats for Ottawa, September 1, 2022. The average price for a home in Ottawa is now $633,444, an increase of 0.8% over August, 2021. This number includes all residential houses and condos together.
Breaking average prices down into houses and condos:
The average price for a freehold house in Ottawa for August was $739,167, up 1.3%. This includes detached singles, Townhouses and Semi-Detached homes.
The average price for a condominium in Ottawa for August was $428,656 up 3.6%. This includes apartments, row units and stacked-style condos.
What's the Average House Price in Ottawa, by Month?
The stats above give you the long-term trend, or year-over-year sales price comparison. The table below shows you the short-term changes, or the month-over-month change in price for 2021/2022.
*The Sold Stats by neighborhood are taken from our local Ontario Real Estate Board (OREB).
Moving to Ottawa ? Looking to buy preconstruction home ? Check out historical sold prices in Ottawa
Sold Home Prices in Ottawa, 1956 - Present, (including Condos) plus % Change over Previous Year Check out year to year comparison of Average sold prices for all types of homes in Ottawa
|YEAR||AVERAGE PRICE||PERCENT CHANGE|
*The Sold Stats by neighborhood are taken from local Ontario Real Estate Board (OREB).
Are you looking for a new construction homes for you and your family?
Check out the video below on Monocle Condos in Ottawa
Moving to Ottawa, Ontario? Check out some interesting stuff about Ottawa
Ottawa Real estate board News Release - November Residential Resales: Expectedly Low
December 6, 2022
Members of the Ottawa Real Estate Board (OREB) sold 846 residential properties in November through the Board’s Multiple Listing Service® (MLS®) System, compared with 1,456 in November 2021, a decrease of 42%. November’s sales included 658 in the residential-property class, down 39% from a year ago, and 188 in the condominium-property category, a decrease of 50% from November 2021. The five-year average for total unit sales in November is 1,270.
By the Numbers – Average Prices*:
Source: Ottawa Real Estate Board