Home › Mortgage Calculator › Ottawa
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
—
Est. Monthly Payment
—
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)
Estimated Monthly Payment
$0
per month
Mortgage Amount
—
Down Payment
—
Total Interest
—
Total Cost
—
CMHC Insurance
—
Amortization
—
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.

Save for Your Ottawa Down Payment

$100 Cash Bonus

Use KOHO's high-interest savings + cashback combo to build your Ottawa down payment faster. Get $100 free to start.

Get $120 with KOHO →

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.

No fee everyday banking

Set up direct deposit and skip the monthly fee. Free to open, and the Easy plan has no monthly fee. Worth doing if you will actually move your pay or your CRA deposits over, not if the card sits unused. Code BREMO2026.

See how it works