Mortgages in North Oshawa
A growing area of newer detached homes and townhouses near Ontario Tech University and Durham College. Here’s what buying there costs and which rules apply, before you compare lenders with one licensed mortgage professional.
Short answer
North Oshawa is in Oshawa, so Oshawa’s tax rates and Ontario’s rules apply. On a $750,000 home you’d need at least $50,000 down and $11,475 in land transfer tax ($7,475 for a first-time buyer). Property tax runs about $1,575 a year per $100,000 of assessed value.
Buying in North Oshawa
A growing area of newer detached homes and townhouses near Ontario Tech University and Durham College.
Newer subdivisions near the Highway 407 extension and the university campuses attract families and investors buying rentals for students.
What to know about a mortgage in North Oshawa
If you’re buying new construction in North Oshawa, plan for builder deposits paid in stages and closing dates that can move. Your mortgage approval needs to be ready, or renewable, for the actual closing date, and the final price can include adjustments you won’t see in the purchase price.
North Oshawa has steady rental demand. If you’re buying to rent, or to live in one unit and rent another, lenders count part of the expected rent as income, and the down payment and rules are different from a home you live in alone.
How NorthMerit can help
Tell us what you’re planning and we’ll connect you with one licensed mortgage professional who compares lenders for you. It’s free, and there’s no obligation.
What it costs to buy a $750,000 home in North Oshawa
| Repeat buyer | First-time buyer | |
|---|---|---|
| Minimum down payment | $50,000 | $50,000 |
| Mortgage insurance (added to the loan) | $28,000 | $28,000 |
| Sales tax on insurance (cash) | $2,240 | $2,240 |
| Ontario land transfer tax | $11,475 | $7,475 |
| Cash at closing | $63,715 | $59,715 |
Example price, not a local average. Minimum down payment and a 25-year amortization; legal fees, title insurance and adjustments are extra.
Oshawa rules that apply in North Oshawa
Oshawa’s 2026 residential property tax rate is 1.5753%, about $1,575 a year for every $100,000 of assessed value. Source
Durham Region doesn’t charge a vacant home tax; its 2026 tax study recommended against new taxes of this kind for now. Source
Ontario’s Planning Act allows up to three units on most serviced residential lots, such as a main home plus a basement apartment and a garden suite, as long as you meet the building code and local zoning details. Source
Rentals in the licensing area around Durham College and Ontario Tech University need a Residential Rental Housing Licence. The rest of the city doesn’t require one. Source
Sources
We checked these figures against official sources in October 2026. Rules and rates change, so confirm the details with your mortgage professional, lawyer or the source before you rely on them.
- Minimum down payment (Financial Consumer Agency of Canada)
- Mortgage insurance premiums (CMHC)
- Calculating land transfer tax (Government of Ontario)
- Land transfer tax refunds for first-time buyers (Government of Ontario)
- Additional residential units, up to three per lot (Environmental Registry of Ontario)
- Oshawa property tax rates
- Oshawa: vacant home tax
- Oshawa: rental licensing
Common questions
How much down payment do I need for a home in North Oshawa?
What property tax will I pay in North Oshawa?
Can I add a rental unit to a home in North Oshawa?
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