Balanced Market
Mortgage Rates in Ottawa, ON
Ottawa is Canada's capital with a stable government-driven economy, bilingual population, and more affordable prices than Toronto.
Avg Home Price
$650,000
Benchmark Price
$620,000
Year-Over-Year
↓ 1.4%
Best 5-Yr Fixed
4.89%
Today's Best Rates Near Ottawa
| Rate Type | Best Rate |
|---|---|
| 5-Year Fixed | 4.89% |
| 5-Year Variable | 5.45% |
| 3-Year Fixed | 4.74% |
| 2-Year Fixed | 5.1% |
| HELOC | 6.2% |
*Based on $500K mortgage, 25-year amortization, Canadian semi-annual compounding. Last updated: May 25, 2026.
Ottawa Real Estate Market
Balanced Market: Supply and demand are roughly equal — a stable environment for buyers and sellers.
Ottawa is Canada's capital with a stable government-driven economy, bilingual population, and more affordable prices than Toronto.
Land Transfer Tax — Ottawa
Ottawa buyers pay Ontario provincial LTT only. First-time buyers receive rebates up to $4,000.
Neighbourhoods in Ottawa
CentretownWestboroGlebeKanataOrleans
Frequently Asked Questions
What is the average home price in Ottawa?
The average home price in Ottawa is approximately $650,000, significantly more affordable than Toronto with stronger price stability.
Is Ottawa real estate stable?
Ottawa's government-driven economy provides exceptional real estate stability. Federal public service employment insulates the market from private sector downturns.
What are the best neighbourhoods in Ottawa?
Westboro and the Glebe are popular upscale neighbourhoods. Kanata is the tech hub. Orleans is popular for French-speaking families. Centretown suits urban professionals.
Is Ottawa bilingual for real estate services?
Yes — Ottawa is fully bilingual with services available in English and French from real estate agents, mortgage brokers, and lawyers.
Is Ottawa a good city for first-time buyers?
Ottawa's relative affordability compared to Toronto and Vancouver, combined with stable employment, makes it one of Canada's better markets for first-time buyers.
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