01
Qualifying as an Ottawa resident.
The Ottawa Hospital and CHEO anchor a large resident and fellow population through the University of Ottawa. A physician program qualifies these residents on projected attending income rather than the stipend, and because Ottawa prices sit well below Toronto, a freehold townhome or even a starter house is often within reach.
5-10%
Down payment
Owner-occupied, physician program
Provincial only
Land transfer tax
No municipal surcharge in Ottawa
$600K-$1.2M
Typical resident qualification
On projected attending income
02
Ottawa closing costs versus Toronto.
No municipal land transfer tax
Unlike Toronto, Ottawa charges only the Ontario provincial land transfer tax. On a $700K home that is roughly $10,500, with first-time buyer rebates available, versus a much larger combined bill on an equivalent Toronto purchase.
FAQ
Frequently asked questions.
Can a medical resident buy a home in Ottawa?01
Yes. Under a physician program, an Ottawa resident qualifies on projected attending income with 5-10% down. Prices below Toronto often make a freehold townhome or starter house realistic during residency.
How much is land transfer tax in Ottawa?02
Ottawa charges only the Ontario provincial land transfer tax, roughly $10,500 on a $700,000 home, with no municipal surcharge and first-time buyer rebates available.
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