Market Update for Parkwood Hills
October 29th 2026: There were 120 homes sold in the Parkwood Hills neighbourhood in the last 12 months vs 125 last year. The average price for a home was $595,488, up by 3.9% over last year and it took 28 days for homes to sell versus 33 days last year.
Average Prices by Property Type
- The average price for a Detached Single-Family home in Parkwood Hills was $851,473.
- The average price for a Townhouse was $579,325.
- The average price for a Bungalow was $693,070.
- The average price for a Condo was $345,968.
Parkwood Hills Borden Farm Average House Prices
Historical home prices for Parkwood Hills and Borden Farm going back as far as 2000, with the percent change each year
| YEAR |
AVERAGE PRICE |
% CHANGE |
| 2000 |
$129,578 |
|
| 2001 |
$166,795 |
28.7% |
| 2002 |
$178,575 |
7.1% |
| 2003 |
$197,882 |
10.8% |
| 2004 |
$212,386 |
7.3% |
| 2005 |
$213,420 |
0.5% |
| 2006 |
$218,099 |
2.2% |
| 2007 |
$241,586 |
10.8% |
| 2008 |
$261,623 |
8.3% |
| 2009 |
$262,245 |
0.2% |
| 2010 |
$287,465 |
9.6% |
| 2011 |
$314,701 |
9.5% |
| 2012 |
$327,383 |
4% |
| 2013 |
$323,549 |
-1.2% |
| 2014 |
$353,947 |
9.4% |
| 2015 |
$350,645 |
-0.9% |
| 2016 |
$325,301 |
-7.8% |
| 2017 |
$348,597 |
7.2% |
| 2018 |
$400,505 |
14.9% |
| 2019 |
$412,169 |
2.9% |
| 2020 |
$486,542 |
18.2% |
| 2021 |
$535,338 |
10% |
| 2022 |
$534,061 |
-0.2% |
| 2023 |
$518,592 |
-2.9% |
| 2024 |
$544,522 |
5% |
| 2025 |
$569,444 |
4.6% |
Home prices in Parkwood Hills and Borden Farm have gone up in 21 years since 2000 and down in 5 years. The average price for a home in 2025 went to $569,444 after an increase of 4.6%.
Parkwood Hills
Parkwood Hills is a prime location for students with its close proximity to Algonquin College and Carleton University. With its beautiful, mature trees and abundance of home options, Parkwood Hills is an ideal location for growing families.
There is a planned mix of residential single family, townhouses and condominium apartments. Amenities include Inverness Park, and retail areas such as Emerald Plaza, Meadowlands Mall and the Merivale Mall. It’s a short commute to shopping on Baseline and Merivale Roads.
This neighbourhood is well serviced by OC Transpo with multiple routes running through it and the Baseline Station bus hub nearby.
Catholic schools in the area include St. Rita and Frank Ryan. Public schools in the area include St. Pius High School, Sir Winston Churchill, and Merivale High School.
Meadowlands Drive is central to the Parkwood Hills neighbourhood that stretches along both sides. Meadowlands Drive marks the northern boundary, however some of the neighbourhood continues on to Baseline Road. The eastern boudary is Fisher Avenue and western is Merivale Road. Included in this neighbourhood are Stewart Farm, Fisher Glen, CitiPlace and part of Carleton Heights.
Borden Farm
Borden Farm is a small neighbourhood with a mix of condominium apartments, low rise apartments, townhouses and single family homes, largely built by Minto, that built the first high-rise condominium development in Canada in 1967. It is close to a variety of shopping centers such as the Meadowlands Mall, Merivale Mall and the Viewmount Centre strip mall that features a Metro, HomeSense and dine in restaurants.
Homes for Sale in Parkwood Hills
View all MLS Listings in Parkwood Hills
