Children's Hospital of Eastern Ontario
Mortgage strategy for CHEO paediatric residents, fellows, and attending specialists. Built around long training timelines and the Ottawa housing market.
Why CHEO physicians need a different mortgage path.
CHEO is the primary paediatric academic centre for Eastern Ontario, affiliated with the University of Ottawa. Paediatric residency and fellowship timelines run six to ten years, and CHEO draws staff across a wide Eastern Ontario catchment. The physician financing reality here combines long training runway with the reasonable Ottawa cost structure.
Built for how CHEO physicians actually earn.
Your stage. Your structure.
CHEO residents qualify on projected attending income. Ottawa price structure means residents typically reach detached home qualification during residency, not after.
CHEO attending paediatric specialists typically qualify for $900K-$1.4M mortgages covering most Ottawa detached housing.
CHEO locum consulting paediatricians qualify through T4A and invoice-history programs.
Most CHEO attendings run professional corporations. Corporate qualification captures full clinical and academic income.
Straight answers, specific to your hospital.
How does CHEO paediatric training affect mortgage qualification timing?01
Paediatric and subspecialty paediatric training runs six to ten years. Physician-program lenders handle the long runway by using signed contracts and projected attending income throughout. Qualification does not need to wait for attending status.
Can CHEO fellows qualify without a signed attending offer?02
Yes. Signed fellowship contracts alone qualify under some physician programs, using projected attending income from specialty career averages. A signed attending offer strengthens the file but is not strictly required.
What neighbourhoods make sense for CHEO staff?03
Alta Vista for walking distance to CHEO and the General campus. Old Ottawa South, the Glebe, and Heron Gate for short-transit proximity. Barrhaven and Orleans for family homes at 20-25 minute drive.
Is CHEO treated as a University of Ottawa teaching site?04
Yes. All physician mortgage programs treat CHEO residents and attending staff as full U of Ottawa teaching affiliates.
What is the typical PLOC strategy for a CHEO resident?05
Scotia and RBC physician PLOCs carry no amortization. Using a portion for down payment and closing cost cushion keeps cash reserves intact. On a typical $800K Ottawa purchase the PLOC might cover $60K-$80K of the down payment plus closing.
Can CHEO residents qualify for a mortgage while on parental leave?06
Yes. Physician-program lenders treat parental leave as a status, not a qualification break. Projected attending income continues based on signed residency contract and specialty track.
Other hospitals in the same network.
Let's map your mortgage path at CHEO.
30 minute call. We look at your stage, signed contracts, PLOC balance, and target purchase. You leave with the actual number you qualify for.
Start the conversation