Mortgage strategy for physicians at Oak Valley Health, living in York Region without the City of Toronto municipal land 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.
Markham Stouffville Hospital is in Markham, Ontario. Affiliation: Oak Valley Health. Other hospitals nearby: Cortellucci Vaughan Hospital, Sunnybrook Health Sciences Centre and University Health Network.
Price: Toronto Regional Real Estate Board, Market Watch July 2026, City of Markham. 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 MarkhamHighest 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 Markham charge the Toronto land transfer tax?
No. Markham is in York Region, so buyers pay only the Ontario provincial land transfer tax, roughly $20,500 on a $1.2M home, about $20,000 less than the same purchase inside Toronto.
Closing costs in MarkhamHow much can a Markham Stouffville 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, Markham Stouffville 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
