Mortgage strategy for residents, fellows, and attendings at the interior's main teaching and referral centre. Built around UBC Okanagan training and the BC Property Transfer Tax.
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.
Kelowna General Hospital is in Kelowna, British Columbia. Affiliation: UBC Okanagan / Interior Health. Other hospitals nearby: Vancouver General Hospital and St. Paul's Hospital.
Price: Association of Interior REALTORS, Central Okanagan, MLS HPI. Tax: Government of British Columbia, property transfer tax; Government of British Columbia, first time home buyers program. Rates reviewed August 2026.
Physician mortgages in KelownaHighest purchase price, 10% down, no student debt, 4.49% stress tested at 6.49%, kept below the $1.5M insured limit. Resident pay: Resident Doctors of BC payroll page, in effect April 2026. Salary steps up each April for the term of the agreement. Program figures: Physician projected-income program factsheet, September 2023 edition.
How much is the property transfer tax in Kelowna?
Kelowna follows the BC Property Transfer Tax: 1% on the first $200,000 and 2% to $2,000,000, roughly $18,000 on a $1M home. First-time buyer and newly-built exemptions can reduce or eliminate it.
Closing costs in KelownaIs Kelowna more affordable than Vancouver for physicians?
Yes. Kelowna is meaningfully more attainable than Vancouver while remaining a major teaching and referral centre through Kelowna General Hospital and UBC Okanagan.
How much can a Kelowna General attending qualify for?
In your final year and first 36 months in practice, physician programs use a set figure by specialty: $300,000 for most specialties and $225,000 for family medicine. With 20% down and no other debt at 4.49%, that works out to about $1,710,000 and $1,280,000. After 36 months, Kelowna General staff qualify on actual income, and incorporated physicians do best with a lender that reads the corporation as well as personal pay.
How much a physician can qualify for
