Mortgage affordability in Ottawa
Monthly mortgage examples for Ottawa, Ontario, using a 5.37% province-average rate assumption.
$400,000 home
$1,940/mo
Assumes 20% down and 25-year amortization.
$600,000 home
$2,910/mo
Assumes 20% down and 25-year amortization.
$800,000 home
$3,881/mo
Assumes 20% down and 25-year amortization.
Local affordability context
The local 1-bedroom rent baseline is $1,593 and monthly essentials are about $2,125 before mortgage-specific costs such as property tax, insurance, condo fees, and utilities.