CHUM
Mortgage strategy for CHUM residents, fellows, and attending staff, within Quebec's distinct welcome-tax and notary-based system.
Why CHUM physicians need a different mortgage path.
The CHUM is the Universite de Montreal's flagship downtown teaching hospital and one of the largest in North America. Its physicians buy within Quebec's framework: a municipal welcome tax instead of Ontario-style LTT, and notary-based closings, in a market more attainable than Toronto or Vancouver.
Built for how CHUM physicians actually earn.
Your stage. Your structure.
CHUM residents qualify on projected attending income under physician programs, with 5-10% down. Downtown condos and plexes are common entry points.
Attending CHUM physicians qualify on signed contracts, and more once incorporated. National Bank is a natural lender to compare in Quebec.
Locum CHUM physicians qualify through mixed-income programs accepting T4A and invoice history on an annual basis.
Incorporated CHUM physicians qualify on corporate revenue plus dividends rather than personal T4, typically lifting capacity 50-80%.
Straight answers, specific to your hospital.
How much is the welcome tax near the CHUM?01
Montreal's welcome tax (droit de mutation) is tiered on the higher of price or municipal valuation. On a $600,000 home it runs roughly $8,000 to $9,000; downtown purchases near the CHUM can be higher with price.
Can a CHUM fellow qualify before starting an attending role?02
Yes. A signed attending or staff offer is accepted as qualifying income by physician-program lenders, so a CHUM fellow can close using attending income before the first T4.
Other hospitals in the same network.
Prices and payment examples are estimates for planning only. Your actual numbers depend on income, down payment, debt, credit, location, and current lender pricing.
Let's map your mortgage path at CHUM.
30 minute call. We look at your stage, signed contracts, PLOC balance, and target purchase. You leave with the actual number you qualify for.
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