Areas We Serve · Durham Region

Mortgage Broker
Oshawa

★★★★★5.0 · 210+ Google reviews
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Let’s talk Oshawa.

Local expertise

Mortgage Broker in Oshawa

Oshawa is having a moment. More buyers are looking east for value, space, and a genuine sense of community, and Canadian Mortgage Services has been here helping Ontario homeowners since 1988. We work with over 40 lenders to give you real choices, not a single bank’s opinion.

As the largest city in Durham Region, Oshawa offers a mix of urban amenities, post-secondary education (Ontario Tech and Durham College), and home prices that make the GTA core look like another planet. But even in a more affordable market, getting the right mortgage takes the right advice.

The local picture

Oshawa at a glance.

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Average Home Price
~$700,000 (early 2026)
Population
~175,000
Top Neighbourhoods
Taunton (north Oshawa, newer builds), Northwood (family-friendly), Windfields (affordable entry), Lakeview (close to waterfront)
Commute
Oshawa GO. Lakeshore East line, ~55 minutes to Union Station; Highway 401

Did You Know?

Oshawa has been Canada’s automotive capital for over a century. General Motors operated its main Canadian assembly plant here from 1918 until 2019. The city is now reinventing itself around education, technology, and clean energy, with Ontario Tech University leading the way.

The CMS difference

Why Oshawa residents work with us.

Oshawa’s market is attracting first-time buyers, investors, and families from across the GTA. We help all of them handle the mortgage process with clarity and confidence.

Value-market expertise

We understand how to help buyers maximize their purchasing power in Durham Region’s more affordable market.

Full virtual service

We handle everything remotely. No need to drive to an office.

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40+ lenders

Banks, credit unions, alternative and private lenders. We find the right match for your situation.

We’re in it for the long game

We check in at renewal time and whenever your life changes.

Your Mortgage Options in Oshawa

Looking at a starter home in Windfields, a family property in north Oshawa, or a rental investment near the university. Oshawa has options, and so do we.

First-time buyers in Oshawa are in a strong position, lower prices mean lower down payments and better purchasing power. Homeowners renewing should always compare. We shop your renewal across 40+ lenders.

We find options that the big banks won’t offer, and we do it with zero pressure. That’s been our approach for over 35 years.

Who We Work With in Oshawa

Our Oshawa clients include first-time buyers, move-up buyers, investors, and homeowners looking to refinance or renew on better terms. We work with people earning traditional salaries and people with non-traditional income, self-employed, commission-based, seasonal, or contract workers. We also specialize in helping newcomers to Canada and people with past credit challenges.

What they all have in common is a desire for straight talk and real solutions. That’s what we deliver. We’ve been in this business for over 35 years because we put our clients’ interests first, and we plan to keep doing it that way.

Oshawa’s market has benefited enormously from its position as Durham Region’s largest city. The GO Train connection, growing post-secondary presence, and relative affordability continue to attract GTA buyers. The city’s north end has seen significant new development, while the south offers waterfront potential that’s still being realized.

What’s Happening in Oshawa Real Estate

Oshawa’s market has benefited enormously from its position as Durham Region’s largest city. The GO Train connection, growing post-secondary presence, and relative affordability continue to attract GTA buyers. The city’s north end has seen significant new development, while the south offers waterfront potential that’s still being realized.

If you’re watching the market or ready to move, we help Oshawa buyers and homeowners make decisions based on real data and experienced advice, not speculation.

A bank offers you their products and their rates. A mortgage broker offers you the market. We compare rates, terms, and conditions across more than 40 lenders, including options you won’t find at any single institution. For Oshawa buyers and homeowners, that means better rates, more flexible qualifying criteria, and terms built around your financial reality. Our service is free to you on most residential mortgages. The lender pays our fee.

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Why use a broker instead of a bank?

A bank offers you their products and their rates. A mortgage broker offers you the market. We compare rates, terms, and conditions across more than 40 lenders, including options you won’t find at any single institution. For Oshawa buyers and homeowners, that means better rates, more flexible qualifying criteria, and terms built around your financial reality. Our service is free to you on most residential mortgages. The lender pays our fee.

Full-service brokerage

How we help Oshawa homeowners & buyers.

We offer a full range of mortgage solutions for Oshawa residents. Whatever your situation, there’s a path forward.

First Time Home Buyer

Thinking about your first home in Oshawa? We break the process down into manageable steps and make sure you take advantage of every program available to first-time buyers.

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First & Second Mortgages

Purchasing in Oshawa or looking at a second mortgage to access equity, we connect you with lenders offering competitive rates and terms that match your goals.

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Bad Credit Mortgage

Bad credit isn’t the end of the road. We tap into a network of lenders who work with Oshawa residents in all kinds of credit situations.

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Home Equity Line of Credit (HELOC)

If you’ve built equity in your Oshawa home, a HELOC can unlock it. We help you access competitive rates and borrow responsibly.

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Purchases & Refinances

Thinking about refinancing your Oshawa home? Or buying a new one? We compare options across dozens of lenders so you get the best fit.

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Reverse Mortgages

Oshawa homeowners aged 55+ can convert their home equity into tax-free cash through a reverse mortgage without monthly payments. We help you understand the details and make a confident decision.

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Power of Sale / Notice of Sale

Struggling with payments on your Oshawa home? We have the expertise and lender relationships to help you explore refinancing before power of sale becomes the only option.

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Debt Consolidation

Carrying credit cards, car loans, and a mortgage? We help Oshawa homeowners consolidate high-interest debt into their mortgage: one payment, lower interest, less stress.

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Privately Funded Mortgages

Banks said no? Private lending might be the answer. We connect Oshawa homeowners and buyers with trusted private investors who offer flexible terms.

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Mortgage Pre-Approval

House hunting in Oshawa? Start with a pre-approval. It tells you exactly what you can afford and shows sellers you’re serious.

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Mortgage Renewal

Your mortgage renewal in Oshawa is an opportunity to reassess. We help you explore all your options so your next term fits where you are now.

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Bridge Financing

Need to close on a new Oshawa home before your existing one sells? Bridge financing keeps things moving. We’ll help you access short-term funding that makes sense.

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Mortgage & Financial Counselling

Rebuilding credit or planning a purchase in Oshawa, our financial counselling gives you a clear picture of where you stand and what’s possible.

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Self-Employed Mortgages

Write-offs keeping your declared income low? Bank-statement programs qualify self-employed buyers on real cash flow.

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Real clients · Real reviews

5.0 ★ from 210+ Google reviews.

★★★★★

I had a fantastic experience working with Neil Drepaul. He helped me navigate the entire mortgage process from start to finish with incredible professionalism. What really stood out was his kindness and patience; no matter how many questions I had, he took the time to answer every single one thoroughly.

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Indira Sumair
Posted on Google
★★★★★

It would be an understatement to say that Neil went above and beyond in guiding my family through the journey to homeownership. He was always available to inform, support, and present us with the best options possible.

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Marc Biglary
Posted on Google
★★★★★

Neil was fantastic, he went above and beyond to help us get our mortgage. He was swift with communication and made the process easy.

A
Angela McEachern
Posted on Google
Nearby

Want to talk mortgages with a team that knows Oshawa like the back of their hand?

Contact us today or call 905-455-5005. No pressure, no obligation — just real answers from a team that’s been helping Ontarians since 1988.

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FAQ

Mortgage Broker Oshawa — your questions.

Q01How much does it cost to buy a home in Oshawa right now?→
As of early 2026, the average home price in Oshawa is around $700,000. That said, prices vary a lot depending on the neighbourhood and property type. A condo or townhome will sit well below that average, while detached homes in popular areas can be higher. We can give you a more specific breakdown based on where you want to buy.
Q02How much do I need for a down payment in Oshawa?→
Based on current average prices in Oshawa, the minimum down payment starts around $45,000. In Canada, homes under $500,000 require 5% down. Between $500,000 and $999,999, it’s 5% on the first $500,000 and 10% on the rest. Over $1 million, you need at least 20%. We help you figure out what works for your budget and which programs can help reduce your upfront costs.
Q03Why should I use a mortgage broker in Oshawa instead of going to my bank?→
A bank only offers its own products. A mortgage broker compares options from 40+ lenders, including banks, credit unions, and alternative lenders, to find the best rate and terms for your situation. There’s no cost to you on most residential mortgages because the lender pays our fee. For Oshawa buyers, this means more options, better rates, and terms that actually fit your financial picture.
Q04What are closing costs when buying a home in Oshawa?→
Budget roughly 1.5% to 4% of your purchase price for closing costs. This covers land transfer tax, legal fees, title insurance, and adjustments. In Ontario, first-time buyers can get a rebate on up to $4,000 of the provincial land transfer tax. Oshawa buyers should also budget for a home inspection and appraisal if required by the lender. We walk you through all of this so there are no surprises.
Q05Is it worth buying in Oshawa or should I keep renting?→
This depends on your financial situation, how long you plan to stay, and local market conditions. At Oshawa average prices, monthly ownership costs (mortgage, taxes, insurance, maintenance) need to be weighed against what you’d pay in rent. In many cases, building equity through homeownership wins out over the long term, but it’s not always the right move for everyone. We help you run the numbers honestly.
Q06Should I shop around when my mortgage comes up for renewal?→
Absolutely. Your current lender’s renewal offer is almost never the best rate available. We compare renewal options across 40+ lenders and often find significant savings. Even a 0.15% rate difference on a $500,000 mortgage saves you thousands over a 5-year term. There’s no cost to have us shop your renewal, and switching lenders at renewal is usually free.
Canadian Mortgage Services: family-run since 1988, FSRA Brokerage Licence #10816, rated 5.0 stars across 210+ Google reviews, ranked among Brampton’s top three mortgage brokerages on ThreeBest Rated, and cited by the Financial Post, CTV News, Money.ca and InsideHalton. Access to 40+ lenders across Ontario. New to working with a broker? Read our honest guide to choosing a mortgage broker in the GTA.
Canadian Mortgage Services