The five axes where programs actually differ.
| Axis | What varies | Who it matters most for |
|---|---|---|
| Projected income | Published amounts, eligible stages, and how early in training you qualify | Residents and fellows |
| PLOC | Limit size and how cleanly it bundles with the mortgage | Trainees and new attendings |
| Corporate income | Personal-only reads vs add-backs vs full corporate reads | Incorporated physicians |
| Regional strength | Some programs are notably stronger in specific provinces | Quebec especially |
| Rate posture | Some programs compete on price, others on qualification power | Rate-sensitive attendings |
One program runs the largest physician PLOC and the strongest projected-income qualification for residents and fellows. Another bundles PLOC and mortgage cleanly for salaried attendings. Another is consistently sharp on rate. Two handle personal-plus-corporate banking especially well, one of them strongest in Quebec. Which is which changes as programs are updated, and naming them in a public article ages badly, so we keep the current map on file and match it to you live.
When a monoline beats the banks.
For incorporated attendings and complex income structures, a monoline lender frequently beats every bank program on both qualification and rate. Monolines do not offer a PLOC, but several read corporate income more generously than any branch, and they price aggressively on prime attending files.
How to actually choose.
The mistake is picking a lender by brand. The right move is to match the program to the file: a fellow with a signed offer, an incorporated radiologist, and a locum emergency physician each have a different best lender. A broker who works physician files daily knows the current program map and submits to the one that fits, instead of forcing your file into whichever bank you already have a chequing account with.
Frequently asked questions.
Which bank has the best physician mortgage in Canada?01
There is no single best. All five major banks run physician programs that differ on projected income treatment, PLOC size, corporate income reads, regional strength, and rate. The best program depends on your training stage and income structure, and the specific answer for your file is a call, not a ranking.
Do all Canadian banks offer physician mortgage programs?02
All five major banks do, and the programs are genuinely different from each other. Several monoline lenders also compete for physician files and often win on incorporated and complex income structures.
Can a mortgage broker access bank physician programs?03
A broker works across physician-friendly lenders including monolines that often beat the banks on incorporated files. Some bank physician programs are accessed directly, and a broker helps you compare across all of them so the file lands where it reads best.
Are monoline lenders good for physicians?04
Yes, especially for incorporated attendings and complex income. Several monolines read corporate income generously and price competitively, though they do not offer a physician line of credit.