Best Banks in Anjou, Montreal 2026

Top 6 Banks for Anjou Residents

#	Bank	Why It Stands Out	Best For
1	KOHO	No monthly fees, cash back on purchases, works in French & English — ideal for everyday banking in Montreal	Best No-Fee
2	EQ Bank	3%+ interest on savings, no-fee everyday banking, excellent for building a mortgage down payment	Best Savings Rate
3	Desjardins	Quebec's cooperative institution — deep local roots, caisse populaire network, French-first service	Best Local / Coopérative
4	TD Bank	Strong branch and digital presence across Montreal; excellent newcomer banking programs	Best Branch Network
5	National Bank	Headquartered in Montreal — best Quebec mortgage expertise, strong FHSA (CELIAPP) onboarding	Best Mortgage (QC)
6	RBC	Canada-wide ATM coverage, robust digital banking, multi-language mortgage advisors	Best National Bank

🏦 La meilleure banque sans frais à Montréal

KOHO is Montreal's top no-fee banking option — works in French and English, no monthly fees, cash back on dépanneur runs and Metro grocery trips.

Ouvrir KOHO Gratuit — Code 45ET55JSYA

About Anjou

Anjou est un arrondissement de l'est de Montréal, souvent sous-estimé mais très apprécié des familles qui recherchent des maisons unifamiliales avec cour à prix abordable sur l'île. Développé principalement dans les années 1950–1970, Anjou offre un tissu résidentiel de bungalows bien entretenus et de jumelés dans des rues arborées.

The borough is bounded by Saint-Léonard to the west, the Trans-Canada (Highway 40) to the north, and the City of Montreal–Repentigny border to the east. Its primary commercial arteries are Jarry Est and Beaubien Est, with Place Versailles serving as the main regional shopping anchor. Anjou has one of the highest rates of homeownership on the island — a testament to its family-friendly character.

Real estate profile: Anjou is a legitimate entry point for single-family ownership on Montreal island. Bungalows and semi-detacheds regularly sell in the $400,000–$600,000 range. Condos are less common here, with the market dominated by houses and duplexes. First-generation immigrant families purchasing their first home in Canada are a defining demographic.

As a City of Montreal borough, Anjou buyers pay the provincial welcome tax plus the 0.5% Montreal surtax on amounts over $500,000. On a $500,000 purchase, total droits de mutation are approximately $6,750 — with no surtax at exactly $500,000.

Banking perspective: Anjou's immigrant homebuyer demographic makes newcomer banking packages particularly relevant. TD's New to Canada program and RBC's Welcome to Canada package both waive fees and include credit-building tools. National Bank has a strong East Montreal presence. Desjardins is well-represented. KOHO's no-fee model with French/English support is popular among residents establishing their first Canadian bank account.

Droits de Mutation (Welcome Tax) Calculator — Anjou

City of Montreal — droits de mutation include the 0.5% Montreal island surtax on amounts over $500,000. + MTL surtax

Calculer vos droits de mutation — Anjou

Purchase Price ($CAD):

Estimated Welcome Tax: —

Quebec Droits de Mutation Formula (2026)

0.5% on first $52,800
1.0% on $52,800 – $264,000
1.5% on $264,000 – $528,000
2.0% on amounts over $528,000
+ 0.5% Montreal island surtax on amounts over $500,000

Source: Droits de mutation Québec — Full Guide

Typical Home Prices in Anjou

Typical purchase prices in Anjou range from approximately $350,000 to $580,000, depending on property type, size, and specific location within the neighbourhood. Use the calculator above to estimate your welcome tax at any price point.

Banking Tips for Montreal Home Buyers

Get pre-approved early. In competitive Montreal markets, sellers often require a pre-approval letter before accepting showings. National Bank and Desjardins are particularly fast on Quebec condo and plex pre-approvals.
Budget all closing costs. Beyond the droits de mutation, expect notary fees ($1,200–$1,800), home inspection ($450–$700), and moving costs. Total closing costs often run 2–4% of the purchase price.
Compare 3+ lenders. Mortgage rates vary significantly between banks. Getting quotes from National Bank, TD, and an independent mortgage broker is a minimum.
Use FHSA (CELIAPP) if eligible. First-time buyers can contribute up to $40,000 lifetime ($8,000/year) to a First Home Savings Account — tax-deductible contributions and tax-free withdrawals for a qualifying first purchase.
KOHO for everyday banking. Many Montreal residents keep their mortgage at a major bank and use KOHO for no-fee daily spending — especially useful during the cost-intensive home-buying period.

Frequently Asked Questions

What is the best bank for buying a home in Anjou?

National Bank (Banque Nationale) and Desjardins offer the strongest Quebec mortgage expertise and most competitive rates for Montreal buyers. TD and RBC are also strong, particularly for newcomers to Canada. Always compare quotes from at least 3 lenders before deciding.

Do I pay welcome tax in Anjou?

Yes. All Quebec real estate purchases are subject to droits de mutation (welcome tax). Use the calculator above to estimate your specific cost based on your purchase price.

What is KOHO and why is it recommended?

KOHO is a Canadian no-fee banking app that works in both French and English. It charges no monthly fees, offers cash back on purchases, and is particularly popular among Montreal residents who want to avoid big-bank service charges. Use referral code 45ET55JSYA when signing up.

Is Desjardins available in Anjou?

Desjardins operates one of the largest branch and ATM networks in Quebec. Most Montreal neighbourhoods have at least one caisse populaire within walking or transit distance.

Best Banks in Anjou, Montreal (2026)