Drummondville is a mid-sized city of about 85,000 midway between Montréal and Quebec City. It's one of Quebec's most important manufacturing hubs, known for the Cité de l'Énergie (...
⚠️ Important: No First-Time Buyer Rebate in Quebec
Unlike Ontario, Quebec has no provincial first-time buyer rebate on Droits de mutation (welcome tax). All buyers — including first-timers — pay the full Droits de mutation. There is no exemption or refund program at the provincial level. Plan your closing costs accordingly and budget for the full welcome tax amount shown in the calculator below.
Drummondville is a mid-sized city of about 85,000 midway between Montréal and Quebec City. It's one of Quebec's most important manufacturing hubs, known for the Cité de l'Énergie (former Shawinigan Water and Power site) — actually that's Shawinigan. Drummondville is known for its textile, plastics, and food processing industries. It has seen rapid growth and is popular with Montréal commuters.
Headquartered in Montréal, National Bank is the top choice for Quebec professionals. Strong French-language service and competitive mortgage products throughout Drummond.
TD has a solid Drummondville area presence. Full-service banking with French advisors, mortgage financing, and TD Wealth Management for Drummondville residents.
Quebec's largest financial cooperative with 5.0M+ members. Desjardins has strong local roots in Drummond with full French-language service and unlimited FADMD deposit insurance.
Droits de Mutation (Welcome Tax) Calculator — Drummondville
⚠️ Quebec does not offer a first-time homebuyer rebate on droits de mutation.
Quebec's Droits de mutation applies to ALL buyers including first-timers. There is no provincial rebate or exemption. Unlike Ontario (up to $4,000 rebate), Quebec charges the full welcome tax regardless of purchase history. Budget this as a closing cost alongside notary fees.
Quebec's Droits de mutation (welcome tax) applies province-wide at standard rates. Estimated welcome tax on a typical Drummondville home ($310,000): $3,150. No first-time buyer rebate exists in Quebec.
Drummondville has seen strong price appreciation. Homes now range from $260,000–$420,000 for single-family, with condos available from $200,000. Droits de mutation on a $310,000 purchase is approximately $3,350. No first-time buyer rebate exists in Quebec.
Is Drummondville good for Montréal commuters?
Drummondville is located about 100km from Montréal on the 20 highway and is a popular choice for remote workers and commuters seeking lower home prices. KOHO makes daily banking simple whether you're working remotely or commuting.
What is the best no-fee bank in Drummondville, Quebec?
KOHO is the best no-fee bank for Drummondville residents in 2025. It charges $0/month forever, pays 3% interest on your entire balance (far better than any local branch bank), and includes a $100 signup bonus with code 45ET55JSYA. EQ Bank is the best choice for TFSA and RRSP savings at 3.75%. Both are fully digital and work seamlessly for Drummondville residents alongside a local Desjardins or National Bank account for mortgage needs.
Do first-time buyers in Drummondville get a Droits de mutation rebate?
No. Quebec has no provincial first-time buyer rebate on Droits de mutation (welcome tax). All buyers in Drummondville — regardless of whether it's their first home — pay the full welcome tax. This is a significant difference from Ontario, which offers up to $4,000 back for first-time buyers. Budget the full Droits de mutation amount as a closing cost in Drummondville.
Drummondville's Best Daily Bank: $0 Fees + $100 Cash