Strathroy residents — compare top Canadian banks for savings rates, no-fee chequing, and mortgage options. Strathroy is a growing town in Middlesex County west of London, known for its strong agricultural roots and convenient Highway 402 access.
Population ~24,000 · Updated 2025Rates and features as of 2025. Always verify directly with the institution.
Strathroy 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 Strathroy home buyers and savers.
Strathroy homes typically range from $420,000 to $570,000. First-time buyers purchasing below $400,000 may qualify for the Ontario FTB rebate.
No. Only Toronto levies a municipal LTT. Strathroy (Strathroy-Caradoc) buyers pay only the Ontario provincial Land Transfer Tax.
Strathroy has TD, RBC, Scotiabank, and CIBC branches. Libro Credit Union serves the Strathroy-Caradoc area with cooperative banking options.
Strathroy is approximately 30 minutes west of London via Highway 402, offering more affordable housing while maintaining easy access to London's employment, healthcare, and amenities.