Photo: Phil Richards from London, UK · CC BY-SA 2.0Home values in South Keys run 57% lower than the median of Ontario’s towns
The 2021 census gives $300,000 as the median value; Ontario’s towns come to $695,000. Statistics Canada’s housing statistics carry no sale prices in Ontario; the census value stands in for South Keys. For 2024, the median assessed value of a residential property is $370,000. Ontario still assesses at 2016 values (MPAC’s 1 January 2016 base): a figure to set against other Ontario towns, not against prices. South Keys doesn’t get its own assessed values, values by property type and building permits figures; the ones here come from the city of Ottawa.
What South Keys’s homes are worth, two ways
Two sources, each set against Ontario’s towns only: provinces measure value differently, so they don’t line up across borders. A census value is an owner’s guess at a selling price in May 2021, and prices have moved since.
median, owners’ estimate
- Average
- $420K
- Owners
- 910
- Ontario’s towns
- $695K
- The typical Canadian town
- $406K
all residential, MPAC 2016 base
- Ontario’s towns
- $232K
Census 2021 (Statistics Canada); Canadian Housing Statistics Program, tables 46-10-0099 and 46-10-0093; Québec rôle d’évaluation foncière 2026 (MAMH).
Ottawa’s detached houses are assessed 74% above the median of Ontario’s towns
Of Ottawa’s 332,130 residential properties on the 2024 roll, 53% are detached houses and 11% are condos.
Median assessment by type, 2024 the tick is the median of Ontario’s towns
Canadian Housing Statistics Program, table 46-10-0093 (2024): residential properties on the assessment roll, vacant land left out. The ticks are the median of Ontario’s towns with their own figure; assessments compare within a province only.
62% of South Keys’s homes are condos, where Ontario’s towns have 7%
1,190 occupied homes stood in South Keys in 2021, and row houses made up 39% of them. At least half predate 1981. Neighbourhood figures add up small census areas, and rounding can leave the parts a little under the total.
Homes by period of construction the tick is the median of Ontario’s towns
Homes by kind
| South Keys | Ontario | Canada | |
|---|---|---|---|
| Condominiums | 62% | 7% | 8% |
| Needing major repairs | 3% | 6% | 6% |
| Too small for the household | 4% | 5% | 3% |
| Households in core housing need | 13% | 9% | 7% |
Census 2021 (Statistics Canada): occupied private dwellings; core housing need as Statistics Canada defines it. Ticks and columns are medians of the towns and neighbourhoods of 2,500 or more.
Permits in Ottawa ran at 24.3 homes a year per 1,000, where Ontario’s towns ran at 15
Some 9,707 homes a year: 58,242 in all were permitted in Ottawa from 2018 to 2023. The mix: 22% in single-unit buildings, beside 66% for Ontario’s towns. For monthly permits, the only official count covers all of the Ottawa-Gatineau metro area, South Keys included.
A peak in 2020: 11,449 new homes
New homes a year per 1,000 homes
Rising: 11,998 new homes in the 12 months to August 2026, 10% more
Statistics Canada, tables 46-10-0087 (building permits by census subdivision, 2018–2023: dwelling units created, new construction and conversions) and 34-10-0292 (monthly, metro areas). Per 1,000: units a year over 2019–2023 against occupied homes in 2021.
South Keys is 57% below the $695,000 median of Ontario’s towns
871 of Ontario’s towns (2,500 people or more), by median value at the 2021 census, dearest first.
Census 2021, owners’ estimates; towns and neighbourhoods of 2,500 or more, no city as a whole, no reserve.
Home values around South Keys
Next to South Keys: 2021 census values and the share of owners.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| South Keys | $300K | $420K | 76% | |
| Greenboro West | $448K | $495K | 69% | 1 |
| Emerald Woods - Sawmill Creek | $552K | $522K | 43% | 1.3 |
| Ledbury-Heron Gate-Ridgemont | $500K | $453K | 27% | 1.7 |
| Blossom Park - Timbermill | $552K | $599K | 76% | 1.9 |
| Greenboro East | $650K | $550K | 75% | 2.1 |
| Riverside Park South - Revelstoke | $650K | $741K | 94% | 2.2 |
Census 2021 values; km.
Questions about property prices in South Keys
Is South Keys expensive for Ontario?
No: South Keys’s census median is below the $695,000 of Ontario’s towns.
How many households in South Keys are in core housing need?
13% of South Keys’s households, above the 9% of Ontario’s towns, live in a home that is unaffordable, crowded or in poor repair, with no acceptable one nearby they could afford.
Sources: Statistics Canada, Census of Population 2021 · Statistics Canada, Canadian Housing Statistics Program · Statistics Canada, building permits (tables 46-10-0087 and 34-10-0292). Under the Statistics Canada Open Licence.
Adapted from Statistics Canada (Census of Population 2021, population estimates 2025, 2021 census boundaries) under the Statistics Canada Open Licence; this does not constitute an endorsement by Statistics Canada. Neighbourhood names in some cities © OpenStreetMap contributors (ODbL).