EQ Bank pays 3% on everyday savings with zero monthly fees. Ajax residents commuting to Toronto on the GO Train can grow their savings faster than at any big bank — all managed digitally with full CDIC deposit insurance and no branch visits needed.
KOHO gives Ajax residents 5% cashback on everyday spending with $0 monthly fees. Perfect for Durham Region commuters and young families in Ajax's growing communities. Use code 45ET55JSYA at sign-up for a $100 welcome bonus.
Tangerine offers 5% promotional savings rates for new and returning customers. Ajax homebuyers saving for a down payment in Durham Region's competitive real estate market can maximize returns with this no-fee digital bank backed by Scotiabank.
Scotiabank has Ajax branch locations and the popular Scene+ rewards program. Earn points at Cineplex, Sobeys, and local partners. Full mortgage, RRSP, and FHSA services available for Ajax first-time buyers and growing families in Durham Region.
TD has Ajax branch locations with extended hours convenient for commuters. The All-Inclusive Plan is fee-free with a $5,000 balance. TD Direct Investing and full mortgage services make it a top choice for Ajax homebuyers and investors.
RBC serves Ajax with full-service banking and competitive mortgage rates for Durham Region buyers. RBC Avion Visa earns travel rewards on everyday spending. Excellent for Ajax families upgrading to larger homes as the city continues rapid population growth.
Calculate your Ontario LTT and first-time buyer rebate for an Ajax home purchase.
Ontario Land Transfer Tax:
Frequently Asked Questions — Banking in Ajax
What is the best bank for Ajax residents in 2025?
KOHO leads for everyday banking — $0 fees, 5% cashback promo, and a $100 bonus (code 45ET55JSYA). For savings, EQ Bank's 3% daily interest rate is ideal for Ajax GO commuters building a down payment fund. TD and RBC both have Ajax branches for in-person mortgage and investment needs.
How much is Ontario Land Transfer Tax on an Ajax home?
On a $780,000 Ajax home, Ontario LTT is approximately $13,475. First-time buyers receive a rebate of up to $4,000, reducing the net amount to about $9,475. Ajax has no additional municipal land transfer tax — only the provincial Ontario LTT applies. Ajax is significantly cheaper than Toronto, saving buyers the Toronto municipal LTT layer entirely.
Is Ajax a good place to buy a home compared to Toronto?
Yes — Ajax offers significantly more affordable housing than Toronto while maintaining GO Train access to Union Station. Ajax buyers also save on land transfer tax since there is no municipal LTT (unlike Toronto). With KOHO's $0 fees and EQ Bank's 3% savings rate, Ajax residents can build their down payment faster while keeping banking costs minimal.
What is the Ontario first-time buyer LTT rebate for Ajax homebuyers?
Ontario first-time home buyers receive up to $4,000 back on Land Transfer Tax. If the purchase price is $368,333 or less, LTT is fully rebated. For homes above that price — which includes most of Ajax — you pay LTT on the portion above $368,333. The rebate is applied directly by your real estate lawyer at closing.
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.