Homes and condos: What's changed and what hasn't
Twenty years ago, when The Citizen launched its home section, the Ottawa housing market was a very different beast from what it is today. It was also remarkably similar in many ways. To make the milestone, we've combined the newspaper archives for a look at then and now and peeked at some of the developments in the intervening two decades.
THEN NOW
$143,868 Average home price $343,701
5,830 Number of homes built 5,794
42.2 Percentage of new single homes 36.8
1.4 Percentage of new semi-detached homes 6.2
29.4 Percentage of new homes that were condos 25.4
26.9 Percentage of new homes that were townhomes or rowhouses 31.5
75 Percentage of homes built outside the greenbelt 75
2,500 Average square footage of homes * 2,200
50 Average lot width in feet* 38
29 Highest condo in sales (storeys) 28
43 Number of active builders 40
3 Average number of bedrooms* 3
- Compiled by Mariana Ionova
*PMA Brethour Realty Group estimates based on analysis of PMA New Home Market report
Sources:Canada Mortgage and Housing Corp., Ottawa Real Estate Board, PMA Brethour Realty Group
Article by: Patrick Langston - The Ottawa Citizen