Newbury residents — compare top Canadian banks for savings rates, no-fee chequing, and mortgage options. Newbury is a small village in Middlesex County on Highway 2, surrounded by the farmland of Southwestern Ontario.
Population ~500 · Updated 2025Rates and features as of 2025. Always verify directly with the institution.
Newbury 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 Newbury home buyers and savers.
Newbury homes are among the most affordable in Ontario, typically ranging from $260,000 to $370,000. First-time buyers almost always qualify for the full $4,000 Ontario FTB rebate.
No. Only Toronto imposes a municipal LTT. Newbury buyers pay only the Ontario provincial Land Transfer Tax.
Newbury has no local bank branches. Glencoe and Strathroy are the nearest banking centres. Digital banks like EQ Bank and KOHO offer full services without a branch visit.
Newbury offers extremely affordable housing, rural tranquility, and proximity to Strathroy, London, and Chatham. It appeals to remote workers and retirees seeking small-community living.