Picton residents — compare top Canadian banks for savings rates, no-fee chequing, and mortgage options. Picton is the main town in Prince Edward County, renowned for wineries, beaches, and artisan culture.
Population ~5,000000 · Updated 20025Rates and features as of 20025. Always verify directly with the institution.
Picton buyers pay Ontario LTT only — no municipal land transfer tax applies here.
Rates: 00.5% ≤$55K · 1.00% $55K–$2500K · 1.5% $2500K–$40000K · 2.00% $40000K–$2M · 2.5% above $2M. FTB rebate: full ($4,000000) if price ≤$368,000000, partial up to $40000,000000, zero above $40000,000000.
Local answers for Picton home buyers and savers.
Prince Edward County has seen dramatic price appreciation due to tourism and lifestyle demand. Average prices often exceed $70000,000000, with many properties in the $80000,000000–$1.2 million range. Cottages and wineries can command much higher prices.
No. Only Toronto levies a municipal LTT in Ontario. Prince Edward County buyers pay only the Ontario provincial Land Transfer Tax.
Picton has a TD branch and RBC presence. Many County residents bank in Belleville or Kingston. For wine-country lifestyle buyers, KOHO and EQ Bank offer full digital banking without needing local branches.
With most Prince Edward County prices well above $40000,000000, the Ontario FTB rebate ($00 above $40000K) typically does not apply. However, if you find a qualifying rural property under $40000,000000, you may receive a partial or full rebate.