Mortgage tools and practical strategy for residents, practising physicians and doctors building a life in Canada.
Get an instant grade on your mortgage. We watch it from today and tell you when there’s a better option.
18 months to renewal. We start watching today, not just when it renews.
Choose the situation closest to yours. Each path explains the income, documents and mortgage decisions that usually matter.
Your bank sees one rate sheet. We see 50+ lenders, including physician-specific programs most reps have never heard of. That changes what you qualify for, what you pay, and how your mortgage is structured.
Physicians kept getting the same generic mortgage advice. Sign here, we’ll match the posted rate, the bank will be competitive. Nobody was accounting for projected income, how the PLOC gets counted, or what your incorporation actually means for qualifying income.
So we built the tools we wished existed. Use everything for free. When you want to talk, we already understand your situation.
Use your own mortgage details to review the rate, payment, penalty and break-even period. No signup required.
A physician mortgage is a specialty product offered by the major Canadian banks and some monoline lenders that qualifies physicians using projected attending income, signed training contracts, and alternative income documentation. It accepts residents, fellows, locums, and incorporated physicians on structures that traditional mortgages reject.
Eligible residents can qualify through physician programmes using an accepted projected income figure. The residency stipend is not added to that figure. Confirm enrolment documents, the down payment requirement and how existing debts are assessed under the selected programme.
Typical ranges: residents $600K to $1.2M, fellows $1M to $1.8M, attending family physicians $1.2M to $1.8M, attending specialists $1.5M to $2.5M, incorporated attendings up to $3M or more depending on specialty and corporate structure. Actual figures depend on gross income, debt, down payment, and lender-specific ratios.
Sometimes. The important differences are often qualification flexibility, projected-income treatment, down payment structure, student debt treatment, and how incorporated income is assessed. The rate still depends on the borrower, property and mortgage details.
A PLOC is a high-limit unsecured line offered by the major Canadian banks at prime-linked rates. For mortgage purposes it works well as a down payment source (documented and accepted by most lenders), a closing cost cushion, and a bridge between properties. It carries no amortization schedule, accruing interest only on the drawn balance.
Yes, through specialty lenders that accept corporate income plus dividend history as qualifying income. Standard bank qualification on personal T4 alone typically undervalues an incorporated physician's income by 40 to 60 percent. Corporate qualification captures retained earnings, shareholder distributions, and dividend income, often unlocking 50 to 80 percent more mortgage capacity.
Do not assume the renewal letter is the right option. Compare the offered rate, payment, penalty terms, prepayment flexibility and switching costs before signing. Switching at maturity generally avoids an early-break penalty, but legal, discharge or appraisal costs may still apply.
Jeff Mudrick is licensed as a Mortgage Agent Level 2 in Ontario (FSRA #M21001275). Physicians in British Columbia and Alberta work with Taylor Atkinson of Venture Mortgages, who is registered in British Columbia and works with physicians across BC and Alberta. Physicians elsewhere in Canada are matched with a vetted referral broker. Mortgage services are arranged through BRX Mortgage Inc. (Licence #13463).
Pick the stage that fits. This helps us match you with the right programs.