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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 Riverdale, 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
- Danforth-area branches
- Unlimited DICO deposit coverage
- Mortgage financing for Riverdale Victorians
- Competitive rates
Cons
- No branch directly in Riverdale
- Lower savings rates
Pros
- Broadview and Danforth area branches
- Mortgage services
- TD Direct Investing
- Riverdale is a wealth concentration area
Cons
- $16.95+/month fees
- 0.01% savings interest
Pros
- Danforth area branches
- Mortgage and investment services
- Avion rewards for travel-minded families
- Wealth management
Cons
- $11.95–$30/month fees
- 0.01% interest
Toronto Land Transfer Tax Calculator — Riverdale, Toronto
Toronto buyers pay BOTH Ontario LTT AND Toronto Municipal LTT. Enter a Riverdale, Toronto purchase price below.
Bank Comparison — Riverdale, 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 Riverdale, Toronto?
KOHO is the best bank for Riverdale, 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 Riverdale, 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 do Riverdale homebuyers pay in land transfer tax?
Riverdale is among Toronto's priciest neighbourhoods. On a $1.2M purchase, Ontario LTT is approximately $18,475 and Toronto MLTT is another $18,475 — a total of $36,950 in land transfer taxes. First-time buyers save up to $8,475. Use the calculator above.
What is the average home price in Riverdale Toronto 2025?
Riverdale detached Victorians average $1.2M–$2M+ in 2025. The neighbourhood commands a premium due to its family-friendly character, schools, and Don Valley proximity. Semi-detached homes start around $900,000.