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    All rates shown are for informational purposes only. Always verify with your lender.

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    Back to Ontario
    Ottawa, ON

    Mortgages in Ottawa

    Learn about mortgages and questions to ask providers. City-specific availability and rates are not verified.

    HomeProvincesOntarioOttawaMortgage

    Quick answer

    What should Ottawa borrowers verify?

    This page provides general borrowing guidance, not verified local rates or approval information. Compare total borrowing cost and confirm product availability, fees and provincial eligibility directly with providers.
    Population
    1,017,000
    Avg. Home Price
    $655,000
    Avg. Income
    $93,000
    Unemployment
    5.4%

    About Mortgages in Ottawa

    Long-term secured loan to finance the purchase of a home, with the property as collateral. Subject to CMHC insurance if down payment is under 20%.

    Best for: Home buyers with a 5%+ down payment who can pass the federal stress test (qualifying rate currently around 5.25%).

    Saved province labels do not confirm service in this city. The entries below are not checked current rates, product offers or eligibility matches.

    Top Saved Province-Level Lender Entries

    BMO Bank of Montreal

    Pioneer of the 130-day mortgage rate guarantee and specialized low-rate Smart Fixed mortgages.

    Saved APR: 4.99% – 11.95%
    Funding: 24-48 hours
    DetailsVisit website

    CIBC

    Major Canadian lender offering fast approvals, Pace It installment plans, and flexible personal borrowing options.

    Saved APR: 5.14% – 12.99%
    Funding: Same day to 48 hours
    DetailsVisit website

    EQ Bank

    Leading Canadian digital bank known for ultra-low mortgage rates, zero monthly account fees, and high-interest savings.

    Saved APR: 4.79% – 7.99%
    Funding: 3-5 business days
    DetailsVisit website

    Fairstone Bank of Canada

    Longstanding Canadian responsible lending institution providing secured and unsecured personal loans through online and 240+ retail branches.

    Saved APR: 14.99% – 31.99%
    Funding: 24-48 hours
    DetailsVisit website

    Loans Canada

    Canada's premier loan comparison network connecting borrowers with hundreds of prime and alternative Canadian lenders with a single soft search.

    Saved APR: 7.99% – 34.99%
    Funding: 24-48 hours
    DetailsVisit website

    Mogo

    Canadian financial technology company offering MogoLiquid personal loans, free Equifax credit score monitoring, and identity fraud protection.

    Saved APR: 9.9% – 32.9%
    Funding: Same day
    DetailsVisit website

    RBC Royal Bank

    Canada's largest bank by market capitalization offering competitive mortgages, personal lines of credit, and debt consolidation loans.

    Saved APR: 5.14% – 11.99%
    Funding: 24-48 hours
    DetailsVisit website

    Scotiabank

    Canada's international bank and leader in flexible borrowing through the Scotia Total Equity Plan (STEP) and variable mortgages.

    Saved APR: 5.09% – 12.25%
    Funding: 2-3 business days
    DetailsVisit website

    Calculators for Ottawa Borrowers

    Loan CalculatorAffordabilityDTI RatioLand Transfer TaxFinancial Health Quiz

    Frequently Asked Questions

    Are these rates or offers specific to Ottawa?

    No. This is general borrowing information. We do not have verified city-level rates, local approval statistics or confirmed branch coverage. Verify current terms with the provider.

    How should I compare borrowing options?

    Compare the fee-inclusive APR, total repayment, payment schedule and early-repayment rules. Confirm provincial eligibility and ask whether any credit check is hard or soft before applying.

    Does a directory entry mean I qualify?

    No. Saved province and product labels are not an approval assessment, a recommendation or a promise of availability. A provider must confirm its own requirements.

    Other Ontario Cities

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