Top 6 banking picks for Estrie residents and home buyers — with a free Quebec droits de mutation calculator.
Coaticook is a small city in the Coaticook MRC of the Eastern Townships, situated on the Coaticook River about 30 km southeast of Sherbrooke near the Vermont border. Known for its stunning gorge — the Gorge de Coaticook — and award-winning dairy products, Coaticook offers an authentic Quebec small-town experience with deep agricultural roots and growing tourism.
Average home prices in Coaticook are approximately $285,000, among the most affordable in the Eastern Townships, attracting buyers seeking rural property, agricultural land, and small-town living at accessible prices. The area's dairy farms, maple sugaries, and artisan food producers give Coaticook a distinctive agri-cultural identity.
The Gorge de Coaticook Provincial Park features a 50-metre deep gorge carved by the Coaticook River — Quebec's deepest gorge — with suspension bridges, night light shows (FORESTA LUMINA), and hiking trails. This seasonal attraction has put Coaticook on the Quebec tourism map.
Coaticook is also famous for its dairy industry: Laiterie de Coaticook is a legendary Quebec ice cream institution dating to 1940, beloved across the province. The agricultural economy provides stable employment for the region's roughly 10,000 residents.
Banking in Coaticook is primarily through Desjardins and a small number of bank branches. KOHO and EQ Bank provide full digital banking for Coaticook residents who prefer online management. The droits de mutation on a $285,000 home is approximately $2,832 — no first-time buyer rebate, no Montreal surtax.
Standard QC formula — no Montreal island surtax. Avg. home ~$285,000 → approx. $2,691.00 welcome tax. Consult a notary for exact obligations.
| 0.5% on first $52,800 | |
| 1.0% on $52,801–$264,000 | |
| 1.5% on $264,001–$528,000 | |
| 2.0% above $528,000 | |
| Total Droits de Mutation |
KOHO offers free banking with cash back on everyday purchases — popular with Quebecers who want to complement their Desjardins account with a no-fee Visa card.
KOHO Gratuit — Code 45ET55JSYA3.0% HISA, zero monthly fees, $100 welcome bonus with code 45ET55JSYA. Visa card accepted everywhere in Coaticook. CDIC-insured through Peoples Bank of Canada.
3.75% Savings Plus Account — Canada's highest no-fee savings rate. Ideal for building a down payment in Coaticook's ~$285,000 market. CDIC insured.
Quebec's dominant cooperative financial group with deep roots in Estrie. Strong mortgage products and local caisse network. Deposits insured by DPFQ.
Full-service personal and mortgage banking with a strong mobile app and wide ATM network. Serves Coaticook and Estrie residents. CDIC insured.
Headquartered in Montreal with deep Quebec market expertise. Competitive mortgage products for Estrie buyers. Strong online application. CDIC insured.
Comprehensive personal banking, mortgages, and investment products for Coaticook residents and buyers. Canada's largest bank. CDIC insured.
For a $285,000 home in Coaticook, the droits de mutation is approximately $2,691.00. No Montreal island surtax applies here. Quebec provides no first-time buyer exemption — all buyers pay the full welcome tax. Use our calculator above for your specific purchase price.