Mortgage strategy for MUHC residents, fellows, and attending staff, within Quebec's distinct welcome-tax and notary-based system.
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.
McGill University Health Centre is in Montreal, Quebec. Affiliation: McGill University. Other hospitals nearby: Centre hospitalier de l'Universite de Montreal, Montreal Children's and Jewish General.
Price: CREA MLS Home Price Index, Montreal area, as published in the LSTAR July 2026 release. Tax: Ville de Montreal, how transfer duties are calculated. Rates reviewed August 2026.
Physician mortgages in MontrealHighest purchase price, 10% down, no student debt, 4.49% stress tested at 6.49%, kept below the $1.5M insured limit. Resident pay: Entente FMRQ-MSSS 2021-2028, annexe I, in effect April 2026. R6, R7 and R8 are paid the same. The April 1, 2027 column is already published: $60,783 to $92,251. Program figures: Physician projected-income program factsheet, September 2023 edition.
What is the welcome tax for an MUHC physician purchase?
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 is about $7,350.
Closing costs in MontrealWhy is a notary involved in a Montreal closing?
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?
A Quebec-based bank's physician program is often worth comparing for Montreal physicians, alongside the national programs and monoline lenders. Which fits depends on your stage, your corporation and your down payment.
Compare physician programs
