Ottawa mortgage rates. Compare today.
Compare today’s best mortgage rates for Ottawa homes, from Orléans to Kanata. Get clear options for buying, renewing or refinancing.
What to know before you buy.
Ottawa has no municipal land transfer tax, so you pay the Ontario tax only. That’s a big saving compared with buying in Toronto.
Eligible first-time buyers can get a refund of up to $4,000 on Ontario land transfer tax.
Budget for land transfer tax, legal fees, title insurance, a home inspection and property tax adjustments on top of your down payment.
Mortgage options for your situation.
Public servants and salaried workers
Steady salaried income is straightforward for most lenders to qualify. Have your recent pay stubs and employment letter ready.Moving from the GTA
Selling in Toronto, Brampton or Mississauga and buying in Ottawa? Ask about porting your mortgage or a bridge loan to cover the gap between closings.First-time buyers
Combine an FHSA, the RRSP Home Buyers’ Plan and the land transfer tax refund to stretch your down payment further.Mortgages across Ottawa
Buying across the river in Gatineau?
Gatineau is in Quebec, which has its own rules. Quebec buyers pay a municipal transfer duty often called the “welcome tax”, and closings are handled by a notary. Make sure your lender and professionals work in Quebec.
Your real closing day bill in Ottawa
Land transfer tax, rebates, the 8% tax on mortgage insurance, legal fees and more: see the total cash you’ll need on closing day.
Ottawa mortgage questions
Does Ottawa have a municipal land transfer tax?
No. In Ontario, only Toronto charges a municipal land transfer tax. Ottawa buyers pay the Ontario land transfer tax only, and eligible first-time buyers can get a refund of up to $4,000.
Are mortgage rates different in Ottawa than in Toronto?
Usually not by city. Most lenders price mortgages by province and by your profile: credit, income, down payment, property type and term. Your own rate depends on your situation.
I’m moving from the GTA to Ottawa. Can I take my mortgage with me?
Many mortgages are portable, which means you can move the rate and balance to a new home. Lenders set their own porting rules and timelines, so check yours before you sell.
Disclaimer: General information only, not financial, legal or tax advice. Rules, taxes and rebates change; confirm current details with a qualified professional, your lawyer and your lender. TheCanadianMortgage.ca is not a lender. Rates are for illustration and subject to approval (OAC).