5-Year Fixed
Mortgage Rates

Oshawa Housing Market Report

WOWA Trusted and Transparent
Market Report Summary for November 2023
Updated December 6th, 2023
  • The average price of a home in Oshawa was $755,926 for November 2023, which is a 4.2% decrease year-over-year.
  • Oshawa’s housing market has returned back to a balanced market, after briefly entering into buyer’s market territory in previous months.
  • Detached home average price decreased by 3.9% year-over-year to $821k.
  • Semi-detached home average price decreased by 4.9% year-over-year to $659k.
  • Townhouse average price increased by 3.1% year-over-year to $669k.
  • December 11, 2023 Update: Today’s Lowest mortgage rates in Oshawa is 5.44% for 4-Year Fixed

Oshawa Housing Market Overview

Data for November 2023
Avg. Sold Price:$755,926
All Property Types:$755,926
Condo Townhouse:$551,465
Transactions (Buy/Sell):158
All Property Types:158
Condo Townhouse:17
Best 5-Year Fixed Mortgage Rates in Oshawa
Select: Term

Oshawa Housing Market as of November 2023

Oshawa Market Condition
This Month’s SNLR: 42%
An SNLR between 40% and 60% indicates a balanced market.

The Oshawa housing market is seeing some fluctuations as the market tries to find its footing. In November 2023, the average home price in Oshawa was $755,926. That’s down 6% from last month and down by 4% year-over-year. Sales activity is down 2% year-over-year, with 158 homes sold in Oshawa in November 2023.

Meanwhile, new listings have increased by 41% year-over-year to 377, bringing some much-needed supply to Oshawa’s constrained housing supply. Comparing sales to new listings, Oshawa’s sales-to-new-listings ratio (SNLR) for November 2023 was 42%, indicating a balanced market. Being below the 40% threshold is a buyer’s market, which means that market conditions favour buyers, and it puts downward pressure on home prices. Oshawa was in a buyer’s market in October 2023.

wahi map

Property Types

In November 2023, detached houses led the market with an average price of $820,769, while semi-detached houses were priced lower at $659,070. Condos represented the most affordable segment at $532,988.

Looking Forward

Interest rates play a big role in housing markets, and Oshawa’s housing market is no exception. Skyrocketing mortgage rates in 2022, brought about by Bank of Canada rate hikes and rising bond yields, stifled demand for housing. This had a significant negative impact on Oshawa home prices.

A pause in rate hikes by the central bank led to renewed demand as the cost of borrowing stopped its upward march earlier this year. However, a resumption in Bank of Canada rate hikes in June 2023 and July 2023 had already put downward pressure on Oshawa home prices. While the Bank of Canada has recently been deciding against further rate hikes, the Oshawa housing market is eagerly waiting for rate cuts in early 2024.

Home Prices in Oshawa

Oshawa Housing Market Statistics for All Property Types

Data for November 2023

Average Sold Price

Total Transactions

Property Type Distribution

Condo Apartments
Best 5-Year Fixed Mortgage Rates in Canada CanadaLeaf
Select: Term

Free Home Value Estimator

Enter the property address below
Is it a condo?
Why are you looking for the home value?

Housing Markets Across Canada

Data for September 2023

Oshawa Housing Market Overview for Detached Homes

Data for November 2023

Average Sold Price


Oshawa Housing Market Overview for Semi-Detached Homes

Data for November 2023

Average Sold Price


Oshawa Housing Market Overview for Townhouses

Data for November 2023

Average Sold Price


Oshawa Housing Market Overview for Condo Apartments

Data for November 2023

Average Sold Price


Best 5-Year Fixed Mortgage Rates in Oshawa
Select: Term

Greater Toronto Area (GTA) Breakdown by Region

Data for November 2023

Glossary and Definitions

MLS® HPI: The MLS® Home Price Index (HPI) is an index by the Canadian Real Estate Association (CREA) that tracks the prices of homes in a neighborhood. It allows Canadians to quickly compare home prices across Canada and between periods of time without having to account for specific features of a property. Unlike market prices, which can fluctuate from month to month based on seasonal dynamics, the HPI provides a stable view tracks trends across a longer period of time. The HPI is reviewed every year in May to adjust for changes in the real estate marketplace.

MLS® HPI Benchmark Price: The MLS® Home Price Index (HPI) Benchmark Price is the HPI translated into a real-world price number.

Strata Insurance: Strata insurance is insurance used by a strata like a condominium to covers damages to common areas and assets and liability to the strata. It can also include fixtures built or installed as part of the original construction of each unit, even though these may not be common structures. The insurance can cover:

  • Buildings and structures associated with the strata including common areas such as the roof, parking garages, driveways, gyms, pools, etc.
  • Liability for any property damage or bodily injury suffered on strata property
  • Any fixtures that are part of the "standard unit" or original construction of each unit

Strata insurance does not usually include personal items and appliances that are part of a condo unit. It also does not cover the damages made by individual unit owners, such as in the case of water damage caused by a unit owner. These are usually covered by personal condo insurance.

Property types

Detached home: A detached home is your standard single-family home. It is a residential building that stands alone and is separately titled or legally a single unit.

Semi-detached home: A semi-detached home is similar to a detached home, except it shares a wall with another home. This pair of homes must make up an independent building and each should be separately titled or legally two separate units. There can only be two homes in a semi-detached building.

Townhouses: A townhouse is the middle between a detached/semi-detached home and a condo apartment. Like detached and semi-detached homes, they are often single-family units that have their own land and may be attached to other units. However, like condo apartments, they typically have to pay co-ownership fees for maintenance and may share some common features with their neighbors.

Condo apartment: This category includes all apartments and condominiums. These are complexes of residential units with common areas such as hallways, parking lots, stairwells, etc. They can be low-rise, mid-rise, or high-rise buildings. Unlike townhouses, there are no parts of the lot (the land of the building) where access is reserved for only one owner or occupant. There can be privately owned units and spaces inside the building.

Plexes are multi-story buildings with two to four individual units, usually one on each floor. They are a mainstay in Montreal and other cities in Quebec. Each unit is usually individually accessible via an external entrance with higher floors connected by staircases.

Property Classes

Freeholds: A freehold is any property where the owner owns both the house and the land it is built on. Common freehold property types include: detached, semi-detached, some townhouses, and farmland.

Condominiums: A condominium or condo is any property where the owner owns the home (or unit) but shares ownership of the land and other improvements with a condominium corporation. Common condominium property types include condo apartments and some townhouses.

Leasehold: Leasehold describes the situation where different entities own the land and the structure built on the land. Owner of the buildings has leased the land and pay rent to their landlord while owning the building on the land.

Housing Markets Across Canada

Data sourced from the Toronto Regional Real Estate Board (TRREB) and the Canadian Real Estate Association (CREA). Any analysis or commentary is the opinion of the analysts at and should not be construed as investment advice. Please consult a licensed real estate professional before making a real estate investment decision. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.