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HomeCitiesOshawa
Durham Region · Ontario

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.

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Region
Durham Region
Population
170K+
Avg Home Price
$680,000
Min Down Payment
$43,000

Oshawa's affordability makes it a top market for CMHC-insured purchases. Many buyers achieve homeownership here who couldn't qualify at Toronto prices.

Today's Best Oshawa Mortgage Rates

Representative rates from our lender panel. Your rate depends on down payment, income, and credit profile.

TermRate
1-Year Fixed5.09%Get this rate →
2-Year Fixed4.89%Get this rate →
3-Year FixedPopular4.64%Get this rate →
5-Year Fixed4.44%Get this rate →
5-Year Variable5.10%Get this rate →

Rates updated weekly. OAC — rates are not guaranteed until a formal commitment is issued.

Why Oshawa Buyers Choose RATECORE

Our brokers 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
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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.

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Oshawa Mortgage FAQ

What is the average home price in Oshawa?
The average home price in Oshawa is approximately $680,000 as of 2025. Oshawa's affordability makes it a top market for CMHC-insured purchases. Many buyers achieve homeownership here who couldn't qualify at Toronto prices.
Do I need 20% down to buy in Oshawa?
No — as of December 15, 2024, CMHC-insured mortgages are available on homes up to $1.5M. For a $680,000 home in Oshawa, the minimum down payment is $43,000 (5% on the first $500K, 10% on the remainder). Oshawa's affordability makes it a top market for CMHC-insured purchases. Many buyers achieve homeownership here who couldn't qualify at Toronto prices.
Is there a municipal land transfer tax in Oshawa?
No — Oshawa is subject to Ontario's provincial land transfer tax only, not the City of Toronto municipal surcharge. First-time buyers may be eligible for up to $4,000 in provincial rebates.
How do I qualify for a mortgage in Oshawa?
To qualify for a mortgage in Ontario, lenders assess your income, credit score, down payment, and existing debts. All buyers through federally regulated lenders must pass the mortgage stress test (qualifying at 5.25% or your contract rate + 2%, whichever is higher). A mortgage professional who knows the Oshawa market can match you with the lender most likely to approve your specific file.
How fast can I get pre-approved for a Oshawa property?
RATECORE typically delivers a pre-approval decision within 24–48 hours of receiving your documents. Start your application online in under 5 minutes and a mortgage professional will reach out within 1 business day.
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