Quick Navigation
Pros
- $0 monthly fees
- 3.0% interest on every dollar
- 0.5–2% cashback on all purchases
- $100 sign-up bonus with code 45ET55JSYA
- Instant e-Transfers
- Works everywhere in Distillery District, Toronto
Cons
- No physical branches
- No mortgage products
Pros
- 3.75% — Canada's highest savings rate
- FHSA for Toronto first-time buyers
- $0 fees, free e-Transfers
- No branches needed — 100% digital
Cons
- Savings/GIC only — no chequing
- No physical branches
Pros
- King East accessible branches
- Unlimited DICO coverage
- Mortgage expertise for new condos
- Member-owned
Cons
- No branch in Distillery itself
- Lower savings rates
Pros
- King East area branches
- Mortgage financing for luxury condos
- TD Direct Investing
- CDIC insured
Cons
- $16.95+/month fees
- 0.01% savings
Pros
- Corktown/King East branch access
- Mortgage and wealth services
- Avion travel rewards
- Investment products
Cons
- $11.95–$30/month fees
- 0.01% interest
Toronto Land Transfer Tax Calculator — Distillery District, Toronto
Toronto buyers pay BOTH Ontario LTT AND Toronto Municipal LTT. Enter a Distillery District, Toronto purchase price below.
Bank Comparison — Distillery District, Toronto
| Bank | Monthly Fee | Interest Rate | Bonus | Best For |
|---|---|---|---|---|
| KOHO | $0 | 3.0% APY | $100 | Overall winner |
| EQ Bank | $0 | 3.75% APY | — | Max savings |
| Meridian Credit Union | $0–$14.95 | 1–2% | — | Local + mortgage |
| TD Bank | $16.95+ | 0.01% | — | Branch access |
| RBC | $0–$16.95 | 0.01% | — | Newcomers |
Frequently Asked Questions
What is the best bank in Distillery District, Toronto?
KOHO is the best bank for Distillery District, Toronto residents in 2025. With $0 monthly fees and 3% interest on your balance, you save $500+ per year compared to TD or RBC. Use referral code 45ET55JSYA to get a $100 sign-up bonus.
How much is land transfer tax for homes in Distillery District, Toronto?
Toronto buyers pay double land transfer tax — both Ontario LTT and Toronto Municipal LTT. Use the calculator above to see your exact amount based on your purchase price. First-time buyers can save up to $8,475 in combined rebates.
What are condo prices in the Distillery District in 2025?
Distillery District condos are among Toronto's most sought-after. Prices range from approximately $700,000 for a one-bedroom to $1.5M+ for penthouse units. On an $820,000 purchase, Toronto buyers pay approximately $26,150 in combined Ontario + Toronto LTT.
Is the Distillery District a good area to buy a condo in Toronto?
The Distillery District offers a unique lifestyle with pedestrian-only streets, independent restaurants, and arts spaces. However, buyers should note that parking is limited and the area can be tourist-heavy in summer. It is subject to Toronto MLTT like all other Toronto neighbourhoods.