Continuing a recent trend, homes in Ottawa’s outlying areas were a hot commodity at the end of 2018, driving up prices in areas such as Leitrim, Manotick and Stittsville closer to levels traditionally seen in popular central neighbourhoods such as the Glebe and Westboro.
Housing prices in those rural areas have risen by up to 47 per cent in the past five years, according to data from the Ottawa Real Estate Board.
But outlying neighbourhoods aren’t the only ones where housing prices have risen rapidly in recent years. According to OREB data, prices in 35 out of 60 neighbourhoods have increased by more than 20 per cent over the last five years.
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City Building: ‘Condominiumizing’ land developments
Nelligan Law is so successfully redefining the concept of condominiums for stakeholders that its approach is being applied to major, mixed-use projects in Ottawa and other municipalities. “We are looking
City Building: ‘Condominiumizing’ land developments
Nelligan Law is so successfully redefining the concept of condominiums for stakeholders that its approach is being applied to major, mixed-use projects in Ottawa and other municipalities. “We are looking
Here are 20 of the hottest neighbourhoods in Ottawa, ranked by the real estate board’s home price index benchmark.
Top 20 neighbourhoods by % benchmark price increase over five year
(All data courtesy of Ottawa Real Estate Board)
Leitrim
2018: $470,900
2013: $319,300
Increase: 47.48%
Manotick Village and Manotick Estates
2018: $706,800
2013: $521,200
Increase: 35.61%
Manotick east to Manotick Station
2018: $684,200
2013: $510,200
Increase: 34.10%
Munster
2018: $388,600
2013: $290,000
Increase: 34%
Manotick south to Roger Stevens
2018: $513,500
2013: $385,500
Increase: 33.20%
Ottawa’s most affordable neighbourhood
Bells Corners and south to Fallowfield
Benchmark price: $267,500
Between Franktown and Fallowfield Road
2018: $438,500
2013: $330,500
Increase: 32.68%
Stittsville (central)
2018: $490,200
2013: $374,000
Increase: 31.07%
Richmond
2018: $432,200
2013: $330,600
Increase: 30.73%
Remainder of Stittsville and area
2018: $594,800
2013: $455,800
Increase: 30.50%
Stittsville (south)
2018: $529,500
2013: $407,900
Increase: 29.81%
Rideau Township (South of Regional Road 6, east of McCordick Road)
2018: $294,900
2013: $227,300
Increase: 29.74%
Ottawa’s most expensive neighbourhood
Rockcliffe Park
Benchmark price: $1,602,200
Stittsville (north)
2018: $487,300
2013: $378,000
Increase: 28.92%
Carlsbad Springs
2018: $340,900
2013: $264,600
Increase: 28.84%
North Gower
2018: $422,800
2013: $330,800
Increase: 27.81%
Country Place, Pineglen, Crestview and area
2018: $661,600
2013: $520,300
Increase: 27.16%
Meadowlands, Crestview and area
2018: $497,100
2013: $391,100
Increase: 27.10%
Kanata
2018: $416,900
2013: $328,300
Increase: 26.99%
McKellar Heights, Glabar Park
2018: $569,900
2013: $455,000
Increase: 25.25%
Carlington, Central Park
2018: $398,500
2013: $318,700
Increase: 25.04%
Carlingwood, Westboro
2018: $759,000
2013: $609,300
Increase: 24.57%
