Digby is the scallop capital of the world, a charming port town on the Bay of Fundy. The town serves as the banking hub for Digby County and the gateway for the Saint John ferry.
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Get KOHO Free — Use Code 45ET55JSYADigby is one of Nova Scotia's most distinctive communities — a working port town famous as the scallop capital of the world. With a population of about 2,100, Digby is small but serves as the economic and services hub for Digby County, a vast and scenic area stretching along the Bay of Fundy and Annapolis River.
The fishing industry — particularly the famous Digby scallop fleet — is the economic backbone of the community. Fishing captains and crew members, fish plant workers, and marine services businesses have specific banking needs that local credit unions understand better than national bank head offices.
Digby is also the Nova Scotia terminus for the Bay Ferries service to Saint John, New Brunswick, making it an important gateway community. Some residents maintain accounts at New Brunswick institutions for convenience when travelling cross-bay.
Beyond the town of Digby, the county includes Weymouth, Meteghan (part of the Acadian Shore), and scattered fishing communities along the Fundy and Atlantic shores. For residents in these more remote communities, digital banking through KOHO or EQ Bank is often the only practical day-to-day option.
Digby's real estate market reflects the town's small size and remote location — homes are some of the most affordable in Nova Scotia. The 1.5% NS deed transfer tax on a $165,000 Digby home amounts to approximately $2,475. For waterfront properties on the Bay of Fundy, prices can be considerably higher.
Digby residents using the Saint John ferry regularly may find value in maintaining accounts at institutions with strong New Brunswick coverage. TD, RBC, and Scotiabank all have broad coverage on both sides of the Bay of Fundy. KOHO works seamlessly anywhere in Canada regardless of province.
The Nova Scotia deed transfer tax rate is 1.5% of the purchase price. Based on Digby's average home price of approximately $165,000:
| Home Price | Deed Transfer Tax (1.5%) |
|---|---|
| $123,750 | $1,856 |
| $165,000 (avg) | $2,475 |
| $206,250 | $3,093 |
| $247,500 | $3,712 |
For full closing cost estimates, use our Nova Scotia DTT Calculator or New Brunswick DTT Calculator.