Mortgage strategy for CHUM residents, fellows, and attending staff, within Quebec's distinct welcome-tax and notary-based system.
A physician program could add
$0
to the home you can buy.
Estimate at 4.49%, stress tested at 6.49%, with 10% down, below the $1.5M insured limit.
Centre hospitalier de l'Universite de Montreal is in Montreal, Quebec. Affiliation: Universite de Montreal. Other hospitals nearby: McGill University Health Centre, Montreal Children's and Jewish General.
Price: CREA MLS Home Price Index, Montreal area, as published in the LSTAR July 2026 release. Tax: Ville de Montreal, how transfer duties are calculated. Rates reviewed August 2026.
Physician mortgages in MontrealHighest purchase price, 10% down, no student debt, 4.49% stress tested at 6.49%, kept below the $1.5M insured limit. Resident pay: Entente FMRQ-MSSS 2021-2028, annexe I, in effect April 2026. R6, R7 and R8 are paid the same. The April 1, 2027 column is already published: $60,783 to $92,251. Program figures: Physician projected-income program factsheet, September 2023 edition.
How much is the welcome tax near the CHUM?
Montreal's welcome tax (droit de mutation) is tiered on the higher of price or municipal valuation. On a $600,000 home it is about $7,350; downtown purchases near the CHUM can be higher with price.
Closing costs in MontrealCan a CHUM fellow qualify before starting an attending role?
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.
Buying on a signed staff offer
