James House reveals shift in downtown Ottawa condo market

Broker Derek Nzeribe says owner occupiers buying majority of units at nine-storey development

A mid-rise condominium project in downtown Ottawa has attracted a different mix of buyers than would've been expected prior to the pandemic, according to the broker marketing the nine-storey, 127-unit James House.

The site is being developed by Toronto-based Urban Capital and Ottawa's Taggart Group, and is one of the few significant condo projects in Ottawa since the COVID-19 pandemic. It is located at the corner of Bank St. and James St..

Unlike other downtown Ottawa projects that have traditionally drawn in larger numbers of investors, James House has attracted interest mainly from young professionals, according to Derek Nzeribe, the director of sales for the project and the president of Ottawa's Haus Collection Realty Limited.