What a home costs in Ottawa, what you pay to close, and how much a physician program lets you buy.
Benchmark price for Ottawa, July 2026, from the Ottawa Real Estate Board, MLS HPI. Other cities show the MLS Home Price Index benchmark unless marked. Figures reviewed August 2026.
A physician program could add
$0
to the home you can buy.
Estimate at 4.49%, stress tested at 6.49%, with 10% down, below the $1.5M insured limit.
Ottawa buyers pay only the Ontario provincial land transfer tax, with no municipal surcharge (unlike Toronto). On a $700,000 home the provincial LTT is roughly $10,000 before first-time buyer rebates. The first-time buyer rebate can offset a large share of the tax on a typical Ottawa purchase.
Sources: Ontario Ministry of Finance, calculating land transfer tax; Ontario, land transfer tax refunds for first-time homebuyers. Rates reviewed August 2026.
Physician programs qualify residents on $185,000 in PGY-1 and PGY-2 and $225,000 from PGY-3, not on these salaries.
PARO, PARO-OTH arbitration decision, September 24, 2024, in effect from July 2025. The agreement expired June 30, 2026. PARO states its terms, including salary, stay in effect until a new agreement is reached. No 2026 grid had been published when this table was reviewed.
Does Ottawa have a municipal land transfer tax?
No. Ottawa buyers pay only the Ontario provincial land transfer tax, with no municipal surcharge. That makes closing costs substantially lower than in Toronto, where buyers pay both a provincial and a municipal tax.
How much land transfer tax will I pay on an Ottawa home?
On a $700,000 Ottawa home the Ontario provincial land transfer tax is roughly $10,000 before rebates. First-time buyers can claim a rebate that offsets a large share of the tax on a typical purchase.
