Best Mortgage Rates Ottawa 2025 - Compare 35+ Lenders
Compare Ottawa's lowest mortgage rates from 35+ top lenders. Get pre-approved with rates starting from 3.94%. Special programs for federal employees and no municipal land transfer tax. Free pre-approval in 2 minutes.
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Ottawa Market Insights
The details that actually affect your mortgage in the capital region
Average Home Price
OREB Q4 2024
Down Payment Required
5% minimum down payment
Land Transfer Tax
No municipal LTT
Federal Employee Programs
Special government programs
Ottawa Mortgage Calculator
Calculate your monthly payments with current Ottawa rates and official CMHC rules
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Higher down payments = lower monthly payments & no insurance premiums
Monthly Payment
Principal & Interest
Additional Options (affects CMHC rates)
✓ Conventional Mortgage (20%+ down payment)
No CMHC insurance required - save on premium costs
CMHC Calculation Breakdown
Ottawa Home Buying Programs
Government programs that could save you thousands
First-Time Home Buyer Incentive
Shared equity loan up to 10% of home price
Eligibility: Household income under $120,000
Federal Employee Programs
Exclusive mortgage programs for government employees
Eligibility: Federal government employees
Ontario Down Payment Assistance
Interest-free loan up to $40,000
Eligibility: First-time buyers in select areas
CMHC Insurance
Low down payment options (5% minimum)
Eligibility: Purchase price under $1.5M
Need help navigating Ottawa's programs? Our experts know the details.
Ottawa Mortgage FAQs
The questions Ottawa homebuyers actually ask
Are mortgage rates different across Ontario cities?
No, mortgage rates are the same across Ontario. A 5-year fixed rate in Ottawa is the same as in Toronto or Hamilton. The difference is in qualification requirements due to varying home prices and local market conditions.
What are the advantages of buying in Ottawa vs Toronto?
Ottawa offers lower home prices (average $720K vs Toronto's $1.16M), no municipal land transfer tax, and stable government employment. You'll qualify for larger mortgages with the same income, and enjoy shorter commute times.
Are there special programs for federal employees?
Yes, several programs cater to federal employees: Some lenders offer preferential rates for government employees, extended amortization periods, and flexible qualification criteria that account for pension benefits and job security.
Government Benefits: Your defined benefit pension, job security, and consistent income can help you qualify for better mortgage terms and rates.
Ready for Expert Ottawa Mortgage Help?
Our tools give you the details. When you're ready for personalized Ottawa guidance, connect with our Licensed Mortgage Agent specializing in the National Capital Region market.