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Seven mortgage lenders in the Smarter Loans network serve Ottawa, the same seven on the mortgages in Ontario page, from $15,000 to $100 million at 4.04% to 16%; two of the seven lend on commercial or investment property, and one application is routed to them when the property is not the home you live in. Every one considers poor credit, because the property is the security, and every one wants $1,500 a month in income. Three of the seven pay out within two days of approval; a commercial application waits for an appraisal and, where the lender requires one, an environmental report.
On the property first and the borrower second. A lender looks at the rent or business income the building produces against the mortgage payment, the lease terms if there are tenants, the building's condition and use, and then at your business's statements and your personal covenant. Loan-to-value runs lower than on a home, the amortisation shorter, and the rate higher, because the lender's exit depends on a narrower market of buyers. A mixed-use building with a shop below and apartments above is assessed on both incomes. For a loan against equipment rather than property, the equipment financing page lists the lenders that finance the asset itself.
Land transfer tax on the purchase, on the same schedule as a home: 0.5% of the first $55,000, 1% to $250,000, 1.5% to $400,000 and 2% above, which is $16,475 on a $1,000,000 property; the first-time buyer refund does not apply to commercial property. Ottawa charges no municipal land transfer tax. Add the appraisal, the environmental assessment where the lender requires one, legal fees and title insurance, and closing costs on a $1,000,000 commercial purchase run well past the tax alone, before the down payment. Every broker arranging the mortgage must be licensed by FSRA.
Business borrowing that is not secured on property is on the business loans in Ontario page. Every lender in the network that lends on commercial property is on the commercial mortgages in Canada page.
Reviewed by Vlad Sherbatov, Co-Founder and President, Smarter Loans. Last reviewed 24 September 2026. Lender figures are the lenders' published terms as checked August 2026; the cost examples are illustrative.
Seven mortgage lenders in the Smarter Loans network serve Ottawa and two of them lend on commercial or investment property, from $15,000 to $100 million at 4.04% to 16%. One application is routed to those lenders when the property is not your home.
The lender assesses the property's income before the borrower's, lends a smaller share of the value, and prices the rate higher because the resale market is narrower. Your business's statements and your personal covenant come second.
Yes. Ontario charges the same schedule as on a home, $16,475 on a $1,000,000 property, and the first-time buyer refund does not apply. Ottawa charges no municipal land transfer tax.
Commercial lenders want a larger down payment than on a home, because they lend a smaller share of the property's value. The exact figure depends on the lender, the property's income and its use.
Every one of the seven lenders listed considers poor credit, because the property is the security; the price is a higher rate and a lower loan-to-value rather than a decline.
