Financing an Ajax rental property

Ajax average selling price, TRREB Market Watch put the Ajax average at <strong>$871,853</strong> for August 2026. For an investment property mortgage that makes the 20% down about <strong>$174,371</strong> (the 20% this product usually needs). The same board counted 72 Ajax sales in August 2026, with an average LDOM of 28 days. Your own property and balance replace these numbers on the file.

Ajax's board publishes each segment separately, and the gap is the point. At the condo apartment average of $446,257 the 20% down is about <strong>$89,251</strong>; at the detached average of $968,031 it is about <strong>$193,606</strong>. The table on this page carries every row from the same August 2026 release.

On each market's own cited figure, the 20% down is $174,371 in Ajax against Pickering $187,098 (average $935,490); Whitby $181,025 (average $905,123); Oshawa $130,555 (average $652,775). The comparison is the same arithmetic on a different price, which is why moving the search one municipality over changes the file before it changes the rate — lenders price the same product the same way across Ontario.

About <strong>$13,912</strong> at the average. It is paid in cash on closing (or, in Quebec, billed by the municipality afterwards) and cannot be added to the mortgage. An eligible first-time buyer recovers about $4,000 of it through the Ontario relief that applies here. Our <a href="/land-transfer-tax-calculator">land transfer tax calculator</a> runs your own price.

Ajax's average price is approximately $871,853, so the typical investment property file we see here sits in the $741,075–$1,002,631 band. Your specific neighbourhood and property type can move that materially.

On Ajax's $871,853 average price, a representative investment property file at minimum down works out to about $174,371 down and roughly $3,594/mo (principal + interest at 4.69% over a 30-year amortization), plus about $13,912 in Ontario land transfer tax. Your exact numbers depend on the property and your file — we run them precisely before you commit.

A local broker knows GTA / Durham's property types and which of our 100+ lenders price investment property files best in Ajax — from Pickering Village and Audley condos to detached stock — and there's no fee to you on A-lender files. The regional lenders on that panel are listed under the neighbourhood table above.

It depends entirely on what you are buying it for, and the numbers say so plainly. At the $871,853 average price a single-unit rental carries $4,603 a month in principal, interest and property tax, against a $1,858 three-bedroom-plus average in CMHC's Pickering/Ajax/Uxbridge zone — a gross yield of 2.56% and a gross rent multiplier of 39.1. That is an appreciation market, not a cash-flow market, and at these rates a single unit will run negative monthly. What makes Ajax genuinely interesting is the 1.8% vacancy rate and the town's own zoning, which now permits up to 4 dwelling units on most lots. The multi-unit version of the same purchase is a different investment from the single-unit one.

Yes, and how much it helps depends on a lender convention almost nobody shows you. There are three: 50% of the rent netted against the property's carrying cost, 80% of the rent added to your gross income, or 100% netted against carrying cost. On this property at CMHC's $1,858 three-bedroom-plus figure, tested at the 6.69% qualifying rate, the household income required ranges from $116,000 to $155,000 across those three methods on identical facts. Matching your file to the right method moves more than any rate discount on offer.

Mortgage Squad Advisors is a licensed Ontario mortgage brokerage — FSRA (Financial Services Regulatory Authority of Ontario) Brokerage Licence #13737. All advisors are licensed and FINTRAC-trained, and every recommendation follows FSRA's conduct and disclosure rules.