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Free Calculator — Updated 2025

Mortgage Calculator Ottawa 2025

Ottawa's average home is $680,000 — more affordable than Toronto with no municipal LTT. Calculate your exact Ottawa mortgage payments here.

$680,000
Avg. Ottawa Home Price
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Min. Down Payment

Ottawa Mortgage Calculator

Average Ottawa home price: $680,000
Min. 5% for homes under $500K | 20% avoids CMHC insurance
Or enter a dollar amount directly
2025 average 5-year fixed rate: ~5.00%–5.50%
Max 25 years for insured mortgages (under 20% down)
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CMHC Insurance Required: Down payment under 20%. Insurance premium added to mortgage principal.

Ontario Land Transfer Tax / Property Transfer Tax

Ontario Land Transfer Tax only (no municipal LTT in Ottawa). On a $680,000 home: approximately $11,475.

Ottawa buyers pay only Ontario's provincial land transfer tax (no separate municipal LTT like Toronto). On a $680,000 home, Ontario LTT is approximately $11,475. First-time Ontario buyers can get up to $4,000 in LTT rebates.

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FAQ — Mortgages in Ottawa

What is the average home price in Ottawa in 2025?
Ottawa's average home price is approximately $680,000 in 2025. Detached homes in popular neighbourhoods like Kanata, Orleans, and Barrhaven average $750,000–$900,000, while condos in the downtown core average $450,000–$600,000.
Does Ottawa have a municipal land transfer tax?
No — unlike Toronto, Ottawa does not charge a municipal land transfer tax. Ottawa buyers only pay Ontario's provincial LTT, which is approximately $11,475 on a $680,000 home. First-time buyers get up to $4,000 in Ontario LTT rebates.
What down payment is needed in Ottawa?
On a $680,000 Ottawa home, the minimum down payment is 5% on the first $500,000 ($25,000) plus 10% on the remaining $180,000 ($18,000) — a total of $43,000 minimum. Putting 20% ($136,000) avoids CMHC premiums.
How do Ottawa mortgage rates compare to Toronto?
Mortgage rates are national and don't vary by city. However, Ottawa buyers benefit from lower home prices than Toronto — a $680,000 Ottawa mortgage has much lower monthly payments than a $1.1M Toronto mortgage at the same rate. Ottawa is a great city for government employees with stable income.