Cobourg residents — compare top Canadian banks for savings rates, no-fee chequing, and mortgage options. Cobourg is a historic Lake Ontario town in Northumberland County, popular with Toronto-area commuters.
Population ~20,000 · Updated 2025Rates and features as of 2025. Always verify directly with the institution.
Cobourg buyers pay Ontario LTT only — no municipal land transfer tax applies here.
Rates: 0.5% ≤$55K · 1.0% $55K–$250K · 1.5% $250K–$400K · 2.0% $400K–$2M · 2.5% above $2M. FTB rebate: full ($4,000) if price ≤$368,000, partial up to $400,000, zero above $400,000.
Local answers for Cobourg home buyers and savers.
Cobourg home prices typically range from $550,000 to $750,000, driven partly by Toronto commuters seeking more affordable waterfront-adjacent living. The market is very active.
No. Only the City of Toronto charges an MLTT. Cobourg buyers pay only the provincial Ontario Land Transfer Tax.
Cobourg has TD, Scotiabank, RBC, and BMO branches. The area is also served by Kawartha Credit Union. EQ Bank and KOHO are excellent digital options for Cobourg residents.
At $650,000, the Ontario LTT would be approximately $9,475. No FTB rebate applies above $400,000. Use the calculator above to see the exact breakdown.