Interest Rate Increases and the Ottawa Housing Market

December 2, 2022


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: /

Sales Representative / Sutton Group – Ottawa Realty / Brokerage, Independently Owned and Operated

Hintonburg – Orleans – Kanata

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Ottawa Real Estate Sold Prices:

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