Kenora residents — compare top Canadian banks for savings rates, no-fee chequing, and mortgage options. Kenora is a picturesque city on the Lake of the Woods in Northwestern Ontario.
Population ~15,000 · Updated 2025Rates and features as of 2025. Always verify directly with the institution.
Kenora 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 Kenora home buyers and savers.
Kenora home prices vary widely — from affordable in-town properties under $300,000 to premium lakefront cottages exceeding $1 million. Check local listings for current market conditions.
No. Only Toronto charges a municipal LTT in Ontario. Kenora buyers pay only the provincial Ontario Land Transfer Tax.
Yes. Kenora has branches for RBC, TD, and Scotiabank. Lake of the Woods Credit Union is a strong local alternative. KOHO and EQ Bank are digital options available across all of Canada.
A first-time buyer purchasing at $300,000 would pay an Ontario LTT of approximately $2,975. Since the purchase price is under $368,000, you'd qualify for the full $2,975 rebate (capped at $4,000), making your net LTT $0. Use our calculator above to verify.