EQ Bank pays 3% on everyday savings with zero monthly fees. Newmarket residents in York Region's growing communities can earn Canada's highest CDIC-insured rate on their savings — all managed from your phone with no branch required.
KOHO gives Newmarket residents 5% cashback on everyday spending with $0 monthly fees. Ideal for Upper Canada Mall shoppers and Southlake hospital staff. Use code 45ET55JSYA at sign-up for a $100 welcome bonus — best offer in Canada.
Tangerine offers 5% promotional savings rates for new customers. Newmarket homebuyers saving for a down payment in York Region's competitive real estate market can maximize earnings on savings before purchasing in Stonehaven, Glenway, or Woodland Hill.
Scotiabank has Newmarket branch locations on Yonge Street and throughout the city. The Scene+ program earns points at Cineplex, Sobeys, and local retailers. Full mortgage, RRSP, and FHSA services for Newmarket families and first-time buyers.
TD has multiple Newmarket branch locations with extended hours. The All-Inclusive Plan is fee-free with a $5,000 minimum balance. TD's full mortgage lineup and Direct Investing platform are popular with Newmarket professionals and York Region commuters.
RBC serves Newmarket with full-service branches and competitive mortgage rates for York Region buyers. RBC Avion earns travel rewards on daily spending. Excellent for Newmarket families upgrading to larger homes in growing north Newmarket communities.
Calculate your Ontario LTT and first-time buyer rebate for a Newmarket home purchase.
Ontario Land Transfer Tax:
Frequently Asked Questions — Banking in Newmarket
What is the best bank for Newmarket residents in 2025?
KOHO is the top pick for everyday banking — $0 fees, 5% cashback promo, and a $100 bonus with code 45ET55JSYA. EQ Bank's 3% savings rate is excellent for Newmarket residents saving toward a home in York Region. TD and RBC both have Newmarket branches for full in-person mortgage and investment services.
How much is Ontario Land Transfer Tax on a Newmarket home?
On a $900,000 Newmarket home, Ontario LTT is approximately $16,475. First-time buyers receive a rebate of up to $4,000, reducing the net amount to about $12,475. Newmarket has no additional municipal land transfer tax — unlike Toronto buyers who pay both provincial and Toronto municipal LTT. Use the calculator above for your specific purchase price.
Is Newmarket more affordable than Toronto for homebuyers?
Yes — Newmarket offers more space and lower prices than Toronto while still providing GO Bus and GO Train connections to the city. Buyers also avoid Toronto's municipal land transfer tax, saving thousands on closing costs. KOHO's $0 fees and EQ Bank's 3% savings rate help Newmarket residents save faster for a down payment on York Region homes.
What is the Ontario first-time buyer LTT rebate for Newmarket?
Ontario first-time buyers receive up to $4,000 back on Land Transfer Tax. Homes at $368,333 or below receive a full rebate with zero LTT owing. For higher-priced homes — the norm in Newmarket's market — you pay Ontario LTT on the amount above $368,333 after the rebate. This is applied by your real estate lawyer at closing with no application required.
Disclaimer: Rates and offers are subject to change. The KOHO 5% cashback is a promotional rate and may vary. Ontario LTT calculations are estimates — consult a real estate lawyer for exact amounts. This page is for informational purposes only and does not constitute financial advice. Bremo.io may earn referral compensation from partner links.