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RateCore
HomeCitiesOttawa
National Capital Region · Ontario

Ottawa Mortgage Broker

Ottawa's government-driven employment base creates a stable, high-qualifying borrower pool. With average prices below the Toronto market, more buyers qualify at prime lender rates.

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Region
National Capital Region
Population
1M+
Avg Home Price
$680,000
Min Down Payment
$43,000

Ottawa's average home price gives many first-time buyers access to CMHC-insured mortgages with as little as 5% down.

Today's Best Ottawa 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 Ottawa Buyers Choose RateCore

Our brokers know the Ottawa market and have access to lenders that don't advertise publicly.

  • Access 30+ Ontario lenders in one application
  • FSRA-licensed brokers — 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
Start My Application — Free
FSRA Licensed
4.9/5 Rating
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30+ Lenders

Run the Numbers for Ottawa

Our calculators are pre-set to Ottawa's average home price. See your monthly payment, affordability ceiling, and closing costs in seconds.

Payment CalculatorAffordability CalculatorStress Test CalculatorClosing Costs Calculator

Ottawa Mortgage FAQ

What is the average home price in Ottawa?
The average home price in Ottawa is approximately $680,000 as of 2025. Ottawa's average home price gives many first-time buyers access to CMHC-insured mortgages with as little as 5% down.
Do I need 20% down to buy in Ottawa?
Many Ottawa properties qualify for CMHC-insured mortgages with as little as 5–10% down. Ottawa's average home price gives many first-time buyers access to CMHC-insured mortgages with as little as 5% down.
Is there a municipal land transfer tax in Ottawa?
No — Ottawa 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 Ottawa?
To qualify for a mortgage in Ontario, lenders assess your income, credit score, down payment, and existing debts. All buyers must pass the mortgage stress test (qualifying at 5.25% or your contract rate + 2%, whichever is higher). A broker who knows the Ottawa market can match you with the lender most likely to approve you.
How fast can I get pre-approved for a Ottawa 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 broker will reach out within 1 business day.
FSRA-Licensed · No cost to you · No obligation

Ready to Buy in Ottawa?

Get matched with a broker who knows Ottawa. We'll compare rates from 30+ lenders and send you personalised options — for free.

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Average response time: under 1 business day.