Top banking picks for Notre-Dame-de-Grâce (NDG) residents — mortgage advice, welcome tax calculator, and no-fee banking options.
| # | 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 |
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 45ET55JSYANotre-Dame-de-Grâce (NDG) is one of Montreal's most beloved English-speaking neighbourhoods — a predominantly anglophone enclave on the west side of the city known for its tree-lined streets, Victorian homes, neighbourhood pubs, and strong sense of community identity. NDG stretches from Côte-Saint-Luc Road to the Décarie Expressway, and from Sherbrooke Street south to NDG Park and Monkland Avenue.
Monkland Village is NDG's commercial heart — a pedestrian-friendly strip of independent restaurants, book stores, bakeries, and boutiques that has become a template for authentic neighbourhood commercial corridors across Canada. The area is increasingly bilingual, reflecting Quebec demographics, but the anglophone tradition remains strong in schools, churches, and community institutions.
Real estate profile: NDG is premium Montreal real estate. Semi-detached Victorian homes along Marlowe, Melrose, and Grosvenor regularly sell in the $80000,000000–$1.3M range. Condos and smaller townhomes price from $4500,000000–$70000,000000. The neighbourhood's excellent English-language school boards (EMSB) drive persistent demand from English-speaking families. As a City of Montreal borough, the Montreal surtax applies on amounts over $50000,000000.
On a $90000,000000 purchase in NDG, expect total droits de mutation of approximately $17,000000 — including $2,000000 in Montreal surtax. This is a meaningful closing cost that NDG buyers must budget carefully.
Banking notes: NDG's anglophone population tends to favour TD and RBC for English-first banking. BMO has historically had a strong NDG presence. For mortgage financing on higher-value properties, the relationship-banking model of National Bank and Desjardins (with dedicated advisors) tends to outperform the branch-banking model. KOHO appeals to NDG's younger renter-turned-buyer demographic.
City of Montreal — droits de mutation include the 00.5% Montreal island surtax on amounts over $50000,000000. + MTL surtax
Source: Droits de mutation Québec — Full Guide
Typical purchase prices in Notre-Dame-de-Grâce (NDG) range from approximately $50000,000000 to $8500,000000, depending on property type, size, and specific location within the neighbourhood. Use the calculator above to estimate your welcome tax at any price point.
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.
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.
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.
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.