Top Real Estate Agents in Ottawa.

WOWA.ca rates agents based on their transactions, experience, and customer reviews to find you the top real estate agents in Ottawa.

Ottawa Housing Market Overview December 2020

Single Family
$758,802
Avg. Sold Price
36% increase
vs. 03/2020
Condo Apartment
$437,041
Avg. Sold Price
18% increase
vs. 03/2020

Ottawa's Top Agents

Tom S.
REMAX Affiliates Realty Inc.
14 Years of Experience
Caroline R.
Keller Williams Integrity Realty - The AXIOM Team
33 Years of Experience
Dave P.
(9)
Sutton Group Ottawa Realty
6 Years of Experience
Mylene C.
Sutton Group Ottawa Realty
5 Years of Experience
Christine H.
Royal LePage Team Realty
3 Years of Experience
Adam K.
Keller Williams Integrity Realty
10 Years of Experience

Ottawa Real Estate News

Market Report Summary
Updated April 7th, 2021
  • Home sales break new records for the month with a 50% year-over-year increase to 2,285 transactions
  • Average sold prices increased by 31% year-over-year to $677K
  • Single-family home prices increased by 36% year-over-year to $758K
  • Condo apartment prices increased by 18% year-over-year to $437K

Ottawa Housing Market Overview

Data for March 2021
Avg. Sold Price:$677,129
All Property Types:$677,129
Single Family:$758,802
Condo Apartment:$437,041
Transactions (Buy/Sell):2,285
All Property Types:2,285
Single Family:1,705
Condo Apartment:580

Ottawa's real estate market had a strong start to the spring season as home prices reached new all-time-highs of $677K. Almost 80% of resales in Ottawa sold over asking price this month, signalling strong demand from home buyers. Home sales also broke new records for the month of March with 2,285 transactions, a 50% increase year-over-year. Based on this strong start, Ottawa could easily previous housing activity records set in Summer 2020 in the next few months.

Notice: Year-over-year comparisons for March and the next two months will be exaggerated by the temporary downturn from the outbreak of COVID-19 in March 2020.

Home prices on Ottawa increased by 31% year-over-year to $677K. Single-family property prices saw the biggest increases with 36% year-over-year growth to $758K. Condo apartments followed with a 18% year-over-year increase to $437K. Unlike in Toronto's housing market or Vancouver's housing market, condo prices in Ottawa have grown significantly in the past year, signalling strong demand for all property types.

Home sales in Ottawa reached 2,285 transactions, a 50% increase year-over-year. Single-family properties saw a 46% increase in sales year-over-year while sales of condo apartments grew by 63% compared to March 2020. While the impact of COVID-19 in March 2020 has exaggerated year-over-year sales growth figures, sales activity is near Summer 2020 highs and could easily surpass them in the coming months as the spring real estate season ramps up.

Home prices in Ottawa remain significantly lower than those in Vancouver’s real estate market or Toronto’s real estate market. Most homes in Ottawa are still below the $1 million mark and are consequently still eligible for a minimum down payment of 5% and CMHC insurance, allowing a much larger audience of buyers to compete for very limited inventory. Rising mortgage rates have also pushed home buyers to quickly purchase and lock-in mortgage rates before rates rise any further, pushing short-term demand even higher. The rising rates could pose a long-term headwind to home prices, however, by decreasing the purchasing power of potential home buyers.

Top 1% Listing Agents in

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Ottawa Commission Structure

Real estate commissions are the fees that home sellers pay to the seller and buyer real estate agents for their services. In Ottawa, the total commission rate is set anywhere from 3.5% to 5%. Seller agents usually get 1% to 2.5% of the total commission with the buyer agents getting 2.5%. You can use our calculator provided below to calculate your real estate commission estimate for Ottawa. For other cities in Ontario, please visit our Ontario real estate commission calculator page for more information.

%
7.5% Total Commission
You will pay around...
$33,90034k
7.5%
total commission
Buying Agent Commission
$10,00010k
Selling Agent Commission
$20,00020k
13% HST
$3,9003.90k
The seller of the property will pay for both buying and selling agents' commission. For example, if the seller agent commission is 2.5% and the buyer agent commission is 2.5%, you will pay a total commission of 5%.

Ottawa Real Estate Tools for Buyers and Sellers

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. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA.