Mortgage strategy for residents, fellows, and attendings across the Kingston General and Hotel Dieu sites. Built around the Queen's University training timeline and attainable Kingston prices.
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.
Kingston Health Sciences Centre is in Kingston, Ontario. Affiliation: Queen's University. Other hospitals nearby: Hotel Dieu Hospital and The Ottawa Hospital.
Price: Kingston and Area Real Estate Association, MLS HPI. Tax: Ontario Ministry of Finance, calculating land transfer tax; Ontario, land transfer tax refunds for first-time homebuyers. Rates reviewed August 2026.
Physician mortgages in KingstonHighest purchase price, 10% down, no student debt, 4.49% stress tested at 6.49%, kept below the $1.5M insured limit. Resident pay: PARO-OTH arbitration decision, September 24, 2024, in effect July 2025. The agreement expired June 30, 2026. PARO states its terms, including salary, stay in effect until a new agreement is reached. No 2026 grid had been published when this table was reviewed. Program figures: Physician projected-income program factsheet, September 2023 edition.
Can a Queen's resident buy a home in Kingston?
Yes. A physician program qualifies a Queen's resident on $185,000 in PGY-1 and PGY-2 and $225,000 from PGY-3, with 10% down. The Kingston board's benchmark price was $552,500 in July 2026, well inside what those figures allow.
See the projected income scheduleHow much is land transfer tax in Kingston?
Kingston charges only the Ontario provincial land transfer tax, roughly $10,500 on a $700,000 home, with no municipal surcharge.
Closing costs in KingstonHow much can a KHSC 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, KHSC 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
