Oshawa Mortgage Rates
Oshawa offers some of the best value in the GTA region. Its revitalized downtown, GO Transit service to Toronto, and growing tech sector make it a compelling choice for first-time buyers and investors alike.
Oshawa's affordability makes it a top market for CMHC-insured purchases. Many buyers achieve homeownership here who couldn't qualify at Toronto prices.
The Oshawa Mortgage Market
Oshawa offers some of the best value in the GTA region. Its revitalized downtown, GO Transit service to Toronto, and growing tech sector make it a compelling choice for first-time buyers and investors alike. With an average home price of $680,000, Oshawa buyers across Durham Region benefit from comparing offers from multiple lenders rather than accepting a single posted rate — the gap between the best and the average rate on the same mortgage often adds up to thousands of dollars over a term. Oshawa's affordability makes it a top market for CMHC-insured purchases. Many buyers achieve homeownership here who couldn't qualify at Toronto prices.
What a Typical Oshawa Mortgage Looks Like
At Oshawa's average home price of $680,000, the minimum down payment is $43,000 (6.3%). Because that is less than 20% down, the mortgage is insured and a CMHC premium of about $25,480 is added, bringing the mortgage to roughly $662,480. At a representative 4.89% 5-year fixed rate amortized over 25 years, that works out to about $3,812 per month.
Figures are illustrative. Actual rates, premiums, and payments depend on your specific financial profile and current lender pricing.
Oshawa Land Transfer Tax
A $680,000 home in Oshawa attracts Ontario land transfer tax of about $10,075. Oshawa charges no municipal land transfer tax. First-time buyers can claim a provincial rebate of up to $4,000.
First-Time Buyers in Oshawa
First-time buyers in Oshawa can combine several programs to reach the $43,000 minimum down payment faster: the First Home Savings Account (FHSA) shelters up to $8,000/year ($40,000 lifetime) in tax-deductible savings, the RRSP Home Buyers' Plan allows a $60,000 withdrawal ($120,000 per couple), and the Ontario land transfer tax rebate returns up to $4,000. A licensed mortgage agent can help you stack these against a $680,000 budget.
Today's Best Oshawa Mortgage Rates
Live rates from our lender network. Your rate depends on down payment, income, and credit profile.
| Term | Rate | |
|---|---|---|
| 5 Years Fixed RatePopular | 4.04% | Get this rate → |
| 3 Years Fixed Rate | 3.89% | Get this rate → |
| 5 Years Variable Rate | 3.45% | Get this rate → |
Updated daily. Compare all Ontario rates. OAC — rates are not guaranteed until a formal commitment is issued.
Why Oshawa Buyers Choose RATECORE
Our partner agents know the Oshawa market and have access to lenders that don't advertise publicly.
- Access 30+ Ontario lenders in one application
- Licensed mortgage professionals — no commission from you
- Pre-approval decision in 24–48 hours
- Rate holds up to 120 days
- Provincial LTT rebates applied automatically
- CMHC insurance structured to minimise premiums
Run the Numbers for Oshawa
Our calculators are pre-set to Oshawa's average home price. See your monthly payment, affordability ceiling, and closing costs in seconds.
Oshawa Mortgage FAQ
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