2010 Year in Review

2010 was a quite a year in Real Estate. It was a Sellers market at some times and a Buyers at others. We also saw record prices once again.


The total number of residential properties sold on the MLS system in 2010 was 15,536, down 787 from 2009 when 16,323 properties were sold. 12,318 of the 2010 sales were residential freehold properties and the remaining 3226 were condominiums. The average price for 2010 was $327,225, an increase of 7.7% over 2009.

Ottawa Real Estate Board President Joanne Tibble had this to say about the last year numbers,“2010 was an interesting year because of the introduction of HST. This, and changes to mortgage regulations affected spring and summer home sales, pushing many buyers and sellers into the market earlier in the year. However, we see from these numbers how stable Ottawa’s housing market remained, partly due to our diversified employment base that continues to weather unstable economic conditions with relative ease. Sales may have declined from what was, in fact, a record year in 2009, but prices have continued to rise at a healthy rate, demonstrating continued demand for resale housing in Ottawa.”