About Oshawa
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About Oshawa

Oshawa (2006 population 141,590, CMA, 330,594) is a city in Ontario, Canada, on the Lake Ontario shoreline. It lies in Southern Ontario approximately 60 kilometres east of downtown Toronto. It is commonly viewed as the eastern anchor of both the Greater Toronto Area and the Golden Horseshoe. It is not, however, part of the Toronto CMA but has its own metropolitan area, the fourteenth largest in Canada. It is the largest municipality in the Regional Municipality of Durham. The name Oshawa originates from the Ojibwa term aazhaway, meaning "the crossing place" or just "(a)cross".

The automobile industry, specifically the Canadian division of General Motors Company, known as General Motors Canada, has always been at the forefront of Oshawa's economy. Founded in 1876 as the McLaughlin Carriage Company, General Motors of Canada's headquarters and major assembly plants are located in the city. The lavish home of the carriage company's founder, Parkwood Estate, is a National Historic Site of Canada, and a backdrop favoured by numerous film crews, and has been featured in many movies including Studio 54, Billy Madison, Chicago, and X-Men.

Oshawa was also home to Windfields Farm, a thoroughbred horse breeding operation and birthplace of Canada's most famous racehorse, Northern Dancer.

Once very much a distinct community - physically, economically, and culturally - Oshawa has been increasingly subsumed into the Greater Toronto Area.

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Our Best Rates
TermBank RateOur Rate
6 Month4.55%4.35%
1 Year Closed3.65%2.50%
2 Year Closed3.89%2.89%
3 Year Closed3.99%2.89%
4 Year Closed4.39%3.15%
5 Year Closed5.29%3.19%
7 Year Closed5.99%3.89%
10 Year Closed6.29%3.89%
VRM Closed3.1%2.90%
Line of Credit4%3.50%
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