Ottawa, Canada
Property prices · 2024 · Americas
Property price trend in Ottawa (2024–2026)
Property comparison — cities in Canada (2024)
| City | Centre /sqm | Outside /sqm | 1-Bed Rent | vs Ottawa |
|---|---|---|---|---|
| Ottawa | CAD 5,800 | CAD 3,800 | CAD 1,800 | — |
| Vancouver | CAD 14,500 | CAD 9,500 | CAD 2,800 | +150% |
| Toronto | CAD 12,500 | CAD 8,200 | CAD 2,500 | +115.5% |
| Montreal | CAD 6,800 | CAD 4,500 | CAD 1,800 | +17.2% |
| Calgary | CAD 5,200 | CAD 3,400 | CAD 1,900 | -10.3% |
| Edmonton | CAD 3,800 | CAD 2,500 | CAD 1,400 | -34.5% |
| Quebec City | CAD 3,500 | CAD 2,300 | CAD 1,100 | -39.7% |
Other Americas cities (2024)
Frequently asked questions
How much does property cost in Ottawa in 2024?
In Ottawa, the average price per sqm in the city centre is CAD 5,800, and CAD 3,800 outside the centre (2024 data). Prices have risen 6.3% since 2024.
How much is rent in Ottawa in 2024?
A 1-bedroom apartment in Ottawa rents for approximately CAD 1,800 per month in 2024. A 3-bedroom apartment costs around CAD 2,900/month.
Is it better to buy or rent in Ottawa?
Buying may offer better long-term value in Ottawa. The price-to-rent ratio is 15.0x — it would take approximately 15.0 years of rental payments to equal the property purchase price. Current mortgage rates are approximately 5.30%.
What are mortgage rates in Canada in 2024?
The average mortgage rate in Canada is approximately 5.30% as of 2024. With a price-to-rent ratio of 15.0x, buyers should carefully weigh mortgage costs against rental savings.
What is the price per sqm in Ottawa?
The average property price per square metre in Ottawa city centre is CAD 5,800 in 2024. Outside the centre, expect to pay around CAD 3,800/sqm.