Mortgages in Port Whitby
A lakeside neighbourhood near the GO station and harbour, with townhouses and condos. Here’s what buying there costs and which rules apply, before you compare lenders with one licensed mortgage professional.
Short answer
Port Whitby is in Whitby, so Whitby’s tax rates and Ontario’s rules apply. On a $500,000 home you’d need at least $25,000 down and $6,475 in land transfer tax ($2,475 for a first-time buyer). Property tax runs about $1,382 a year per $100,000 of assessed value.
Buying in Port Whitby
A lakeside neighbourhood near the GO station and harbour, with townhouses and condos.
Close to the lake and the GO station, it suits commuters and downsizers. Many homes here are townhouses and condos.
What to know about a mortgage in Port Whitby
Many homes in Port Whitby are condos. Lenders include your monthly condo fees when they work out what you can afford, and your lawyer will review the building’s status certificate, which shows the reserve fund and any upcoming special assessments.
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 $500,000 home in Port Whitby
| Repeat buyer | First-time buyer | |
|---|---|---|
| Minimum down payment | $25,000 | $25,000 |
| Mortgage insurance (added to the loan) | $19,000 | $19,000 |
| Sales tax on insurance (cash) | $1,520 | $1,520 |
| Ontario land transfer tax | $6,475 | $2,475 |
| Cash at closing | $32,995 | $28,995 |
Example price, not a local average. Minimum down payment and a 25-year amortization; legal fees, title insurance and adjustments are extra.
Whitby rules that apply in Port Whitby
Whitby’s 2026 residential property tax rate is 1.3825%, about $1,382 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
Additional dwelling units are allowed and must be registered with the Town. Source
Lenders can count part of the rent from a legal unit toward your income, and some will use the expected rent when you buy. A unit that isn’t legal or registered where required may not count, and can complicate your insurance.
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.
Common questions
How much down payment do I need for a home in Port Whitby?
What property tax will I pay in Port Whitby?
Can I add a rental unit to a home in Port Whitby?
Who can help me get a mortgage in Port Whitby?
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