Mortgage Rates in Oshawa: Today's Best Rates and What They Cost on a Oshawa Home
The best mortgage rates in Oshawa today start at 4.19% on a 5-year fixed and 3.70% on a 5-year variable. On a typical Oshawa home at $693,677, that is about $3,483 a month with the minimum down payment. Rates are national; the price, the land transfer tax and the property tax are what make Oshawa Oshawa.
Which shelf are you actually shopping? Enter the numbers and we will filter the board to the rates you can really get.
Loan-to-value 90.0% · insured
Under 20% down, so default insurance is mandatory and the premium is added to the mortgage.
Lenders ask our rates only be disclosed to potential borrowers.
Login to browse all lender rates & offers for each term by program choice.
| Lender | Term | Category | Rate | APR | |
|---|---|---|---|---|---|
| Insurable lender Sign in to see the lender | 1 yr fixed | Insurable ≤80% | 4.19% | — | Get this rate |
| Sign in to reveal | 1 yr fixed | Insurable ≤65% | 4.54% | — | Get this rate |
| Sign in to reveal | 1 yr fixed | Insurable ≤80% | 4.59% | — | Get this rate |
| Insurable lender Sign in to see the lender | 1 yr variablePrime + 0.00% | Insurable ≤80% | 4.95% | — | Get this rate |
| Insurable lender Sign in to see the lender | 2 yr fixed | Insurable ≤80% | 4.31% | — | Get this rate |
| Sign in to reveal | 2 yr fixed | Insurable ≤65% | 4.31% | — | Get this rate |
| Sign in to reveal | 2 yr fixed | Insurable ≤80% | 4.34% | — | Get this rate |
| Exclusive Lender Exclusive | 3 yr fixed | Insurable ≤80% | 4.19% | — | Get this rate |
| Sign in to reveal | 3 yr fixed | Insurable ≤80% | 4.29% | — | Get this rate |
| Sign in to reveal | 3 yr fixed | Insurable ≤80% | 4.29% | — | Get this rate |
| Insurable lender Sign in to see the lender | 3 yr variablePrime − 0.93% | Insurable ≤80% | 4.02% | — | Get this rate |
| Sign in to reveal | 3 yr variablePrime − 0.80% | Insurable ≤80% | 4.15% | — | Get this rate |
| Sign in to reveal | 3 yr variablePrime − 0.55% | Insurable ≤80% | 4.40% | — | Get this rate |
| Exclusive Lender Exclusive | 4 yr fixed | Insurable ≤80% | 4.29% | — | Get this rate |
| Sign in to reveal | 4 yr fixed | Insurable ≤80% | 4.39% | — | Get this rate |
| Sign in to reveal | 4 yr fixed | Insurable ≤65% | 4.59% | — | Get this rate |
| Exclusive Lender Exclusive | 5 yr fixed | Insurable ≤80% | 4.19% | — | Get this rate |
| Sign in to reveal | 5 yr fixed | Insurable ≤80% | 4.29% | — | Get this rate |
| Sign in to reveal | 5 yr fixed | Insurable ≤80% | 4.49% | — | Get this rate |
| Exclusive Lender Exclusive | 5 yr variablePrime − 1.25% | Insurable ≤80% | 3.70% | — | Get this rate |
| Sign in to reveal | 5 yr variablePrime − 1.15% | Insurable ≤80% | 3.80% | — | Get this rate |
| Sign in to reveal | 5 yr variablePrime − 1.15% | Insurable ≤80% | 3.80% | — | Get this rate |
| Exclusive Lender Exclusive | 7 yr fixed | Insurable ≤80% | 4.99% | — | Get this rate |
| Sign in to reveal | 7 yr fixed | Insurable ≤80% | 5.09% | — | Get this rate |
| Sign in to reveal | 7 yr fixed | Insurable ≤80% | 5.29% | — | Get this rate |
| Exclusive Lender Exclusive | 10 yr fixed | Insurable ≤80% | 5.29% | — | Get this rate |
| Sign in to reveal | 10 yr fixed | Insurable ≤80% | 5.39% | — | Get this rate |
| Sign in to reveal | 10 yr fixed | Insurable ≤65% | 5.39% | — | Get this rate |
No rates match that combination. Widen the filters — and remember the board is what we could verify this week, not every rate that exists.
Please Note: Some conditions may apply. Rates may vary from Province to Province. Rates are subject to change without notice. Posted rates may be high ratio and/or quick close, which differs from conventional rates. The mortgage rates are provided as guidance only, and the accuracy of these rates is not guaranteed. The rate provided by any financial institution listed, or any approval or decline you receive, will be based solely on your personal situation. You are strongly encouraged to speak with a licensed mortgage professional for the most accurate information and determine your eligibility.
Rates are the lowest we have collected for each combination and are not an offer or a commitment to lend by anyone. Every payment on this site uses semi-annual compounding, the Canadian standard.
What a mortgage costs on a typical Oshawa home
Typical price $693,677 — average selling price, July 2026, TRREB. Minimum down payment and payment use today's board and Canadian semi-annual compounding; 25-year amortization.
$44,368
6.4% of $693,677
$3,483
$649,309 at 4.19%, insurable
$10,349
before first-time buyer rebates
$10,927/yr
1.5753% of assessed value (unverified rate)
Mortgage rates in Oshawa: what is local and what is not
Lenders set one rate sheet for the country and adjust it by shelf, not by city. The Oshawa rate you can actually get is decided by loan-to-value — whether your file is insured, insurable or uninsured — and by which of the Ontario lenders on the board will take it. What genuinely changes in Oshawa is the size of the mortgage on a typical home, the land transfer tax, and the property tax rate that goes into your GDS ratio.
Insured, insurable and uninsured in Oshawa
At $693,677, a purchase with the minimum down payment lands on the insured shelf — Under 20% down, so default insurance is mandatory and the premium is added to the mortgage.
Under 20% down
You put less than 20% down and default insurance is on the file. The lender carries no loss exposure, so these are the lowest rates on the board — but the premium is added to your mortgage.
20%+ down, up to $1.5M property value, 25-year amortization
You put 20% or more down and the file fits portfolio-insurance rules, so the lender can back-end bulk insure it at its own cost — on property values up to $1.5M. Priced between insured and uninsured, and tiered by loan-to-value.
Refinances, $1.5M+, 30-year amortization, rentals
The lender keeps the full risk: refinances, properties above $1.5M, amortizations past 25 years, and rentals. Rates sit highest here, typically 20 to 40 basis points above insured.
Mortgage renewal, refinance and brokers in Oshawa
A mortgage renewal in Oshawa prices on the same national board — the lever is switching lenders in the 90 to 120 days before maturity rather than signing the letter. A refinance in Oshawa always prices on the uninsured shelf, whatever your equity, which is why a refinance quote sits above the advertised rate. Every rate on this page is free to read without a broker; a licensed mortgage broker in Oshawa earns their place on the file that is not a straightforward salaried purchase.
Track Best Renewal Offers up to 90 Days before Maturity
Get notified on best mortgage rates for transfer and refinance to compare your monthly savings.
Mortgage rates in other Ontario cities
Fixed and variable mortgage rates by term
Oshawa mortgage questions
What are the best mortgage rates in Oshawa today?
On the board updated 2026-08-31, the lowest 5-year fixed available in Oshawa is 4.19% (insurable shelf) and the lowest 5-year variable is 3.70%. Mortgage rates are set nationally, so Oshawa gets the Ontario board; what is local is the price you are financing and the taxes on closing.
How much is a mortgage payment on a typical Oshawa home?
The typical Oshawa home was $693,677 (average selling price, July 2026, TRREB). With the minimum down payment of $44,368 and a mortgage of $649,309 at 4.19% over 25 years, the payment is about $3,483 a month before property tax and insurance.
What is the land transfer tax in Oshawa?
On a $693,677 purchase, land transfer tax in Oshawa comes to about $10,349, before any first-time buyer rebate. Calculate it for your price →
Do I need a mortgage broker in Oshawa?
Not to read the board — every rate here is free and needs no credit check. A licensed broker earns their place on anything that is not a straightforward salaried purchase: self-employed income, a bruised credit file, a rental, a tight closing. Get matched when you are ready and we introduce you to one who places files in Oshawa every week.
Sources and how to read this board
Rates are collected from lender rate sheets and checked by the RateShop rate desk; the board's own as-of date is printed on it. The rules the shelves follow are set by OSFI Guideline B-20 (the qualifying rate and stress test), the Department of Finance mortgage insurance rules ($1.5M price cap, 25-year amortization on insured files) and the three insurers — CMHC, Sagen and Canada Guaranty. Variable rates move with the Bank of Canada policy rate, through prime.
Buying in Oshawa? A broker who places files here weekly is one click away.
When you are ready to do something with these numbers, we will introduce you to a licensed broker who can put the file in front of lenders. Nothing here obliges you to.
