Oshawa · Durham Region

Mortgages in Oshawa, compared across lenders

We compare banks, credit unions and monoline lenders for your Oshawa purchase, renewal or refinance, and explain the trade-offs in plain English.

We help Oshawa households buy, renew and refinance by comparing banks, credit unions, trust companies and monoline lenders. In September 2026 the median Oshawa sale was $653,000, across 125 sales (TRREB, checked October 2026). Every mortgage is subject to lender approval; we arrange mortgages for properties in Ontario only.

Oshawa in numbers

These are the latest published figures we could check for Oshawa, each with its source and date. They describe the market, not your mortgage.

Home sales, September 2026

Median sale price: $653,000
Average sale price: $679,861
Sales: 125
Months of inventory: 3.6

Months of inventory is how long the homes listed for sale would take to sell at the recent pace of sales. Detached homes: 89 sales, median $690,000. January to September 2026: 1,377 sales, median $670,000.

Source: TRREB, GTA Market Watch, September 2026, Oshawa row, all home types. Checked October 2026.

Residential property tax rate, 2026

Total rate: 1.575342%

Made up of City 0.659196% + Durham Region 0.763146% + education 0.153000%. The rate applies to the assessed value set by MPAC (the Municipal Property Assessment Corporation), not to the price you pay.

Source: City of Oshawa, 2026 Final Tax Rates, By-law 32-2026, passed 27 April 2026. Checked October 2026.

Renting, October 2025

Average two-bedroom rent: $1,754 a month
Vacancy rate: 3.7%

A year earlier the rent was $1,686 and vacancy 3.6%. The survey covers purpose-built rental apartments in private buildings of three or more units.

Source: CMHC Rental Market Survey, Table 1.0, published 11 December 2025, Oshawa CMA (census metropolitan area). Checked October 2026.

Households, 2021 Census

Households that own: 64.2%
Median household income (2020): $86,000

City of Oshawa (census subdivision 3518013): 66,630 households, population 175,383. Income is for 2020, the year before the census.

Source: Statistics Canada, 2021 Census of Population, Census Profile, City of Oshawa (census subdivision 3518013). Checked October 2026.

GO Lakeshore East line to Union Station

Scheduled time: 1 h 4 min

GO train stations: Durham College Oshawa. The time is for the weekday 6:08 and 7:03 a.m. trains.

Source: GO Transit schedule, table 09 (Lakeshore East line), effective 5 and 8 September 2026. Checked October 2026.

What's different about borrowing in Oshawa

Oshawa is in Durham Region, so a purchase pays Ontario's land transfer tax and not Toronto's. First-time buyers may qualify for a refund of part of it, and our land transfer tax calculator shows the amount.
Oshawa's 2026 residential property tax rate is 1.575342% of the home's assessed value, counting the City, Durham Region and education parts (City of Oshawa, 2026 Final Tax Rates, checked October 2026). MPAC sets the assessed value, and it is not the price you pay, so ask for the seller's current tax bill. Lenders count property tax in the housing costs they qualify you on (CMHC debt-service rules, checked October 2026).
A two-bedroom apartment in the Oshawa census metropolitan area (CMA), which includes Oshawa, rented for $1,754 a month on average in October 2025, up from $1,686 a year earlier (CMHC, checked October 2026). Vacancy was 3.7%. If you rent now, set that rent against a mortgage payment plus property tax, heat and upkeep.
In the 2021 Census, 64.2% of households in the City of Oshawa owned their home, and the median household income in 2020 was $86,000 (Statistics Canada, checked October 2026).
The GO Lakeshore East line stops at Durham College Oshawa. Weekday morning trains from Durham College Oshawa station are scheduled to reach Union Station in 1 hour 4 minutes (GO schedule effective 5 and 8 September 2026, checked October 2026). If you will commute, put the fare in your budget next to the mortgage payment.

Outside Toronto you pay Ontario's land transfer tax only — work it out with the land transfer tax calculator. Also useful: Ontario closing costs · down payment rules.

Who we help in Oshawa

We help Oshawa households buy a first home, move up, renew or refinance. We compare banks, credit unions and monoline lenders (lenders that only do mortgages and work through brokers) first.

A home you won't live in can't carry mortgage default insurance, so lenders ask for a larger down payment. Alternative lenders are the next step when a bank's rules don't fit, at a higher cost. Private money is a short bridge only, and we explain its cost first.

Questions from Oshawa borrowers

Can I buy a rental near Ontario Tech University?

Yes, with a conventional mortgage. A home you will not live in cannot carry mortgage default insurance. Lenders ask for a larger down payment and look at the expected rent and your other income, subject to lender approval.

Do I pay Toronto's land transfer tax in Oshawa?

No. Oshawa is in Durham Region, so only Ontario's land transfer tax applies.

Illustrative, not a quote: on the September 2026 median Oshawa sale of $653,000, Ontario's tax is $9,535, or $5,535 if you qualify for the full $4,000 first-time buyer refund (TRREB median and ontario.ca brackets, checked October 2026).

This is our arithmetic. 0.5% of the first $55,000 is $275, and 1% of the next $195,000 is $1,950. Then 1.5% of the next $150,000 is $2,250, and 2% of the last $253,000 is $5,060.

Your lawyer works out the exact amount at closing.

Can I get pre-approved before I start looking in Oshawa?

Yes. A pre-approval gives you a price range and usually holds a rate for a set period. It is subject to lender approval of the home and your final documents, and it is not a commitment to lend.

Nearby: Whitby · Ajax · Clarington

General information for Ontario borrowers, not advice. Stonefield Mortgage is a trade name of Stonefield Capital Inc., FSRA mortgage brokerage licence #13722.

Sources

TRREB, GTA Market Watch, September 2026, checked October 2026.
City of Oshawa, 2026 Final Tax Rates, 2026 tax year, checked October 2026.
CMHC Rental Market Survey, Table 1.0, published 11 December 2025, October 2025, checked October 2026.
Statistics Canada, 2021 Census of Population, Census Profile, City of Oshawa (census subdivision 3518013), 2021 Census, checked October 2026.
GO Transit schedule, table 09 (Lakeshore East line), schedule effective 5 and 8 September 2026, checked October 2026.
Ontario, Calculating land transfer tax, page updated 22 April 2026, checked October 2026.
Ontario, Land transfer tax refunds for first-time homebuyers, page updated 10 February 2026, checked October 2026.
CMHC, Calculating GDS and TDS, debt-service rules for insured mortgages, checked October 2026.
Land transfer tax example: our arithmetic, Ontario's brackets applied to the TRREB September 2026 median, less the $4,000 first-time buyer refund, checked October 2026.

No cost to talk

Talk to a broker about your Oshawa mortgage

Tell us what you're planning for a home in Ontario and a good number to reach you. We call back within one business day, usually sooner. We ask for documents only once we know which ones your mortgage needs.

You can also call us at (416) 371-2077.

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