Check Latest Mortgage Rates for Ottawa in August 2026
Ottawa is a significant urban market in Ontario, Canada, with a median home price of approximately C$625,000. Below you'll find the latest estimated mortgage rates for Ottawa, updated daily to reflect current lending conditions. Use these rates alongside our free calculators to estimate your monthly payment, compare loan types, and plan your home purchase or refinance with confidence.
Ottawa Mortgage Rates
Estimated rates as of 2026-08-09
| Product | Rate | APR | Monthly / C$100K |
|---|---|---|---|
| 5-Year Fixed | 5.31% | 5.41% | C$556 |
| 3-Year Fixed | 5.61% | 5.71% | C$621 |
| Variable Rate | 5.81% | 5.93% | C$587 |
| 1-Year Fixed | 6.06% | 6.14% | C$648 |
| HELOC Prime | 6.56% | 6.61% | C$636 |
Rates shown are estimated averages based on current market conditions and may vary by lender, credit score, loan amount, and property type. Contact a licensed mortgage professional for personalized rate quotes.
Ottawa Mortgage Market Overview
The Ottawa housing market in Ontario represents a well-established lending market in Canada. With a median home price of C$625,000, buyers in Ottawa have access to a range of mortgage products from both national and local lenders.
Ottawa's housing landscape offers a balance of urban amenities and accessible lending capital, with multiple high-street banks, credit unions, and digital lenders actively serving the zip codes. Buyers typically find a healthy, diversified mix of fixed-rate and variable loan options at highly competitive rates.
When locking in mortgage rates in Ottawa, remember that your finalized Annual Percentage Rate (APR) depends on several variables: your FICO or credit score, down payment size (LTV ratio), debt-to-income (DTI) ratio, and the specific property type. The rates tracked on this page reflect aggregate market-wide averages and provide a highly accurate benchmark for your negotiations.
For the most granular projection of your true housing costs in Ottawa, Ontario, we recommend coupling these daily rates with our comprehensive mortgage calculators. This strategy ensures you understand not just the interest environment, but your precise amortization schedule and monthly cash flow obligations.
Frequently Asked Questions About Mortgages in Ottawa
Mortgage rates in Ottawa, Ontario are updated daily on this page. As of today, rates vary by loan type — for example, fixed-rate mortgages and adjustable-rate products will have different rates. Scroll up to our rate table for the most current figures. Remember that individual lender quotes may differ based on your credit profile and loan amount.
Most lenders in Ottawa require a minimum credit score of 620 for conventional loans, though you'll get the best rates with a score of 740 or higher. FHA loans may be available with scores as low as 580. Given the median home price of C$625,000 in Ottawa, maintaining a strong credit score can save you tens of thousands of CAD over the life of your loan through a lower interest rate.
The choice between fixed and adjustable-rate mortgages in Ottawa depends on your plans. If you plan to stay in your Ottawa home for more than 7 years, a fixed-rate mortgage provides payment stability. If you expect to move or refinance within 5-7 years, an adjustable-rate mortgage (ARM) may offer a lower initial rate. Use our Fixed vs Adjustable Rate Calculator to compare both options with current Ottawa rates.
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Calculate Your Monthly Payment in Ottawa
Use current Ottawa rates with our free mortgage calculator to see your exact monthly payment, interest costs, and amortization schedule.