The cost of financing an average single detached home in Ottawa assuming a 20% down payment and a fixed 5-year mortgage:
October 2022 / Ave Price $717,000 / Mortgage Rate: 5.2%
Monthly Payment: $3402 📈
February 2022 / Ave Price $906,000 / Mortgage Rate: 2.6%
Monthly Payment: $3283 ⚡
January 2021 / Ave Price: $714,000 / Mortgage Rate: 1.6%
Monthly Payment: $2310 🌟
While home prices have given back about 20% since the Feb 2022 peak, the monthly cost to finance a home has risen.
I am always happy to answer any real estate related questions you may have.
Kiril Peev
Tel: 613-263-7883
Email: kiril@sutton.com / www.kirilpeev.ca
Sales Representative / Sutton Group – Ottawa Realty / Brokerage, Independently Owned and Operated
Hintonburg – Orleans – Kanata
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Referrals are always welcome and greatly appreciated. Thank you!
Ottawa Real Estate Sold Prices:
For those interested in recent sold prices, Ottawa real estate sold prices are available via my site https://ottawarealestatesoldprices.ca. Please note, you will need to register and sign-in in order to access sold data.
