The Ottawa Real Estate Board says 11,978 homes and condominiums were sold in Ottawa in 2023, down 11 per cent from 2022. The average price of homes sold in Ottawa in 2023 was $667,794, down 5.5 per cent from 2022.
Housing prices will increase by an average of 4.5 per cent in Ottawa by the end of 2024 as the real estate market returns closer to normal next year, according to Royal LePage.