Ottawa’s condo market soared in 2020 with record breaking sales – both in terms of units and price per square foot. With adjectives such as “stable” typically being reserved to describe Ottawa’s slow to appreciate condo market, patient investors and condo owners are reaping in the benefits and enjoying this period of boom. While cities such as Vancouver and Toronto are typically described as “boom towns”, the global pandemic has shuffled the deck and these larger markets are now hit or miss in terms of equity growth and are being described as “stable” overall.

Luxury condo sales in Ottawa increased by 10.17% in 2020 with 130 luxury units sold year to date versus 118 luxury units in 2019. The average price per square foot in 2019 was $553 and $581 in 2020, an increase of 5%.

Here is a list of the top 10 most luxurious, swanky and pricey condo buildings in Ottawa ranked by the highest average price per sq ft in 2020. Utilizing the highest price per sq ft as the predominant metric, our data team has curated a list of Ottawa’s 10 priciest condo buildings in 2020.

#10 - 88 Richmond Road Condo Ottawa

88 Richmond Road in Westboro had an average price per sqft of $686.

#9 - Lofts at Tribeca Condo Ottawa

Lofts at Tribeca located at 197 Lisgar Street in Centretown had an average price per sqft of $687.

#8 - 111 West Condo Ottawa

111 West in Westboro had an average price per sqft of $691.

#7 - The Rideau at Lansdowne Condo Ottawa

The Rideau at Lansdowne located at 1035 Bank Street in The Glebe had an average price per sqft of $700.

#6 - The Bowery Condo Ottawa

The Bowery located at 255 Bay Street in Centretown had an average price per sqft of $703.

#5 - ArtHaus Condo Ottawa

ArtHaus located at 20 Daly Street in the Byward Market had an average price per sqft of $714.

#4 - Cathedral Hill Condo Ottawa

Cathedral Hill located at 428 Sparks Street in Downtown Ottawa had an average price per sqft of $724.

#3 - The Merit Condo Ottawa

The Merit located at 108 Lisgar Street in the Golden Triangle had an average price per sqft of $734.

#2 - The Vibe Condo Ottawa

The Vibe located at 118 Holmwood Avenue in The Glebe is the second most expensive building with an average price per sqft of $775.

#1 - reResidences Condo Ottawa

Taking the #1 spot for the 2nd year in a row - The priciest building in Ottawa in 2020 is reResidences located at 101 Queen Street with an average price per sqft of $1,011.