Kirkland Lake residents — compare top Canadian banks for savings rates, no-fee chequing, and mortgage options. Kirkland Lake is a historic gold mining town in the Timiskaming District of Northern Ontario.
Population ~8,000 · Updated 2025Rates and features as of 2025. Always verify directly with the institution.
Kirkland Lake 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 Kirkland Lake home buyers and savers.
Kirkland Lake typically has very affordable real estate, often under $200,000 for standard residential properties. At these prices, first-time buyers are almost guaranteed the full $4,000 Ontario FTB rebate.
No. Municipal LTT only applies in Toronto. Kirkland Lake buyers pay only the provincial Ontario Land Transfer Tax.
Kirkland Lake has branches of TD and Scotiabank, along with the Temiskaming Shores Credit Union. EQ Bank and KOHO are excellent digital alternatives accessible from anywhere in Northern Ontario.
At $180,000, your Ontario LTT would be approximately $1,525. Since this is well under the $368,000 threshold, a first-time buyer would receive a rebate equal to the full LTT amount — paying $0 net LTT. Use the calculator above to confirm.