McGill University Health Centre
Mortgage strategy for MUHC residents, fellows, and attending staff, within Quebec's distinct welcome-tax and notary-based system.
Why MUHC physicians need a different mortgage path.
The MUHC is McGill's flagship teaching network, including the Glen site and Montreal General. Montreal offers attainable prices relative to Toronto and Vancouver, within Quebec's distinct framework: a municipal welcome tax replaces Ontario-style LTT, and closings run through a notary rather than a lawyer.
Built for how MUHC physicians actually earn.
Your stage. Your structure.
MUHC residents qualify on projected attending income under physician programs, with 5-10% down. Plexes and condos are common entry points in Montreal.
Attending MUHC physicians qualify on signed contracts, and more once incorporated. National Bank's deep Quebec presence makes it a natural option to compare.
Locum MUHC physicians qualify through mixed-income programs accepting T4A and invoice history on an annual basis.
Incorporated MUHC physicians qualify on corporate revenue plus dividends rather than personal T4, typically lifting capacity 50-80%.
Straight answers, specific to your hospital.
What is the welcome tax for an MUHC physician purchase?01
Quebec municipalities charge a transfer duty (droit de mutation), commonly called the welcome tax, on a tiered scale based on the higher of price or municipal valuation. On a $600,000 Montreal home it runs roughly $8,000 to $9,000.
Why is a notary involved in a Montreal closing?02
Quebec uses a civil law system, so real estate closings are handled by a notary rather than a lawyer. The notary prepares the deed, registers the mortgage, and disburses funds.
Which lender is best for MUHC physicians?03
National Bank has a deep Quebec presence and handles personal and corporate income cleanly, making it a natural fit for many MUHC physicians. A broker compares it against the other physician programs and monolines.
Other hospitals in the same network.
Prices and payment examples are estimates for planning only. Your actual numbers depend on income, down payment, debt, credit, location, and current lender pricing.
Let's map your mortgage path at MUHC.
30 minute call. We look at your stage, signed contracts, PLOC balance, and target purchase. You leave with the actual number you qualify for.
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