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Physician mortgages in Barrie.

What a home costs in Barrie, what you pay to close, and how much a physician program lets you buy.

$699,300Benchmark price, July 2026
$10,461Land transfer tax on that price
$73,367First-year resident pay, Ontario

The Barrie physician market.

Vaughan$1,128,500Vancouver$1,088,800Toronto$928,200
Barrie$699,300

Benchmark price for Barrie, July 2026, from the CREA MLS Home Price Index, Barrie and District area, as published in the LSTAR July 2026 release. Barrie and District board area. Other cities show the MLS Home Price Index benchmark unless marked. Figures reviewed August 2026.

How much home can you afford as a physician?

Year of training

A physician program could add

$0

to the home you can buy.

Regular bank on $85,564 today$0
Physician program on $225,000 projected$0

Estimate at 4.49%, stress tested at 6.49%, with 10% down, below the $1.5M insured limit.

Closing costs: ontario provincial ltt only.

Barrie is in Simcoe County, outside the City of Toronto, so buyers pay only the Ontario provincial land transfer tax with no municipal surcharge. On a $750,000 home that is roughly $11,475.

On the July 2026 benchmark price of $699,300

Ontario land transfer tax$10,461
Total on closing$10,461
Back to a first-time buyerOntario refunds up to $4,000 of provincial land transfer tax to a first-time buyer who has never owned a home anywhere.$4,000

At other prices

$500,000 home$2,475 for a first-time buyer$6,475
$750,000 home$7,475 for a first-time buyer$11,475
$1,000,000 home$12,475 for a first-time buyer$16,475
$1,500,000 home$22,475 for a first-time buyer$26,475

Sources: Ontario Ministry of Finance, calculating land transfer tax; Ontario, land transfer tax refunds for first-time homebuyers. Rates reviewed August 2026.

Teaching hospitals in Barrie.

Royal Victoria Regional Health Centre

Resident pay in Ontario.

PGY-1$73,367
PGY-2$79,670
PGY-3$85,564
PGY-4$92,701
PGY-5$98,567

Physician programs qualify residents on $185,000 in PGY-1 and PGY-2 and $225,000 from PGY-3, not on these salaries.

PARO, PARO-OTH arbitration decision, September 24, 2024, in effect from July 2025. The agreement expired June 30, 2026. PARO states its terms, including salary, stay in effect until a new agreement is reached. No 2026 grid had been published when this table was reviewed.

How we set up a Barrie purchase.

Barrie physician mortgage questions.

All guides

How much is land transfer tax in Barrie?

Barrie charges only the Ontario provincial land transfer tax, roughly $11,475 on a $750,000 home, with no municipal surcharge.

Is Barrie more affordable than Toronto for physicians?

Yes. Barrie offers lakeside living north of the GTA at prices more attainable than Toronto, anchored by Royal Victoria Regional Health Centre.

More for Barrie physicians.

Run the numbers for Barrie.

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Jeff Mudrick
Emily Mudrick
Taylor Atkinson
Craig Austin
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Jeff, Emily, Taylor and Craig
Mortgage agents and brokers
Ontario, BC and Alberta

Buying in Barrie?

Jeff, Emily and Craig work with Ontario physicians. Tell us your stage and the price you have in mind and we'll put you with the right person.

Jeff Mudrick, Lic. #M21001275Emily Mudrick, Lic. #M26000497BRX Mortgage Inc., Lic. #13463Taylor Atkinson, Licence #MB600364Craig Austin, Lic. #M19001164, Tango Ontario, FSRA #13691
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