According to the Ottawa Real Estate Board, price in February are up 6.7% over the same period last year. This was according to their latest new release found at http://orebweb2.oreb.ca/news_release.shtml.
This does not mean that the price of an individual house has increased or decreased, but the statistic tries to give a general trend for prices in Ottawa. The average sale price of residential property in Ottawa is now over $338,000. This has meant that the average house in Ottawa costs you about $21,000 more than it did last year.
You can see why some people say that the best time to buy real estate was yesterday.
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