Mortgage strategy for LHSC residents, fellows, and attending staff at Western University, in an attainable Southwestern Ontario market.
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.
London Health Sciences Centre is in London, Ontario. Affiliation: Western University. Other hospitals nearby: Victoria Hospital, University Hospital and St. Joseph's London.
Price: London and St. Thomas Association of REALTORS, July 2026 release. 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 LondonHighest 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.
Does London, Ontario have a municipal land transfer tax?
No. LHSC physicians pay only the Ontario provincial land transfer tax, with no municipal surcharge. On a $650,000 home the provincial LTT is roughly $9,500 before the first-time buyer rebate.
Closing costs in LondonIs London a good market for LHSC residents to buy?
Yes. Western University and LHSC anchor a large resident population, prices are attainable, and projected income makes buying during training practical, with many physicians staying on as attendings.
See the projected income schedule
