Mortgage broker in Ottawa
One application, 65+ lenders, and Ontario pricing that reflects today's market — not the single rate your bank happens to offer.
Get my rate →What does a mortgage cost in Ottawa right now?
A typical home in Ottawa costs around $680,000. With the federal minimum down payment of $43,000 and default insurance added, the mortgage comes to roughly $662,480 — about $3,535 a month at 4.14% over a 25-year amortization.
Ottawa's public-sector employment base makes income verification straightforward, and prices sit well below the GTA, so insured purchases with under 20% down are common.
- Typical Ottawa home price: about $680,000.
- Minimum down payment: $43,000.
- Estimated monthly payment at 4.14% over 25 years: $3,535.
- Estimated closing taxes and registration: $10,075.
The Ottawa numbers, line by line
- Benchmark purchase price
- $680,000
- Minimum down payment
- $43,000
- Mortgage before insurance
- $637,000
- Default insurance premium
- $25,480
- Total mortgage
- $662,480
- Monthly payment at 4.14%
- $3,535
- Land transfer tax / registration
- $10,075
Prices are rounded market estimates and payments exclude property tax, heat and condo fees. Run your own figures in the payment calculator or the land transfer tax calculator, and see today's Ontario rates.
What 8Twelve does for Ottawa borrowers
- Purchases and pre-approvals for Ottawa buyers, including new builds and condos.
- Renewals and lender switches at maturity — no penalty, and most lenders cover the legal costs.
- Refinancing and equity takeout for renovations, investments or tuition.
- Debt consolidation, rolling high-interest balances into one mortgage payment.
- Self-employed, new-to-Canada and rental-income files that a single bank's policy would turn down.
Free Ottawa mortgage quote
See what you qualify for in Ottawa
No obligation · Takes about 3 minutes
Ottawa mortgage questions
How much do I need for a down payment in Ottawa?
On a $680,000 home in Ottawa — a typical price for the market — the federal minimum down payment is $43,000. That is 5% of the first $500,000 and 10% of the portion above it. Below 20% down the mortgage must be insured, which adds a premium of roughly $25,480 to the balance.
What are mortgage payments like in Ottawa?
At 4.14% over a 25-year amortization, a $680,000 purchase in Ottawa with the minimum down payment works out to roughly $3,535 a month in principal and interest. Property tax, heat and condo fees are on top of that.
How much is land transfer tax in Ottawa?
Closing taxes in Ottawa come to about $10,075 on a $680,000 purchase. First-time buyer rebates can reduce this where the province offers them.
Does 8Twelve have mortgage agents licensed in Ottawa?
Yes. 8Twelve Mortgage is licensed in Ontario and works with Ottawa homeowners and buyers across purchases, renewals, refinances and debt consolidation, with access to more than 65 lenders rather than a single bank's rate sheet.
Is a mortgage broker better than my bank in Ottawa?
A bank can only offer its own products. A broker shops the same application across banks, credit unions, monoline lenders and alternative lenders, then presents the best approval. For Ottawa borrowers with self-employment income, rental income or a thin credit file, that breadth is usually the difference between an approval and a decline.
Talk to a mortgage expert about Ottawa
One application, 65+ lenders, no obligation.
Get a free quote →You might also be interested in
Ontario Mortgage Rates
Today's best fixed and variable rates.
Learn moreFirst-Time Buyers
Down payment, incentives and how to qualify.
Learn moreMortgage Renewal
Compare your renewal offer before you sign.
Learn moreBest available rate from 8Twelve's lender panel, subject to qualification and lender approval. OAC.