The Hospital for Sick Children
Mortgage strategy for SickKids paediatric residents, fellows, and attending specialists. Built around the long training timeline and downtown Toronto purchase realities.
Why SickKids physicians need a different mortgage path.
SickKids is Canada's largest paediatric health centre and the primary paediatric teaching hospital for the University of Toronto. Residents and fellows here typically train for six to ten years before reaching attending status, often across multiple subspecialty fellowships. Standard mortgage qualification does not adapt well to that timeline. Physician-program lenders do.
Built for how SickKids physicians actually earn.
Your stage. Your structure.
SickKids paediatric residents qualify on projected income with a physician-program mortgage. Five to ten percent down, student debt structured, projected attending income used in qualification calculations.
Attending SickKids staff, particularly in subspecialty and research roles, typically qualify for $1.4M-$2.2M mortgages on signed contracts plus academic stipends.
SickKids locum paediatricians and consulting specialists qualify through T4A-plus-invoice programs.
Many SickKids attendings maintain professional corporations with mixed clinical, academic, and research income streams. Corporate-income qualification handles the full picture.
Straight answers, specific to your hospital.
Can a SickKids fellow qualify for a Toronto mortgage?01
Yes. Signed fellowship contracts plus a signed attending offer (or projected attending income) qualify under physician-program lenders. The fellowship stipend alone rarely qualifies for Toronto prices, but the combined projected income typically does.
Do SickKids attending physicians get physician mortgage rates?02
Yes. Attending staff at SickKids qualify for the same physician-program rates and structures as other Ontario academic hospitals. Specialty subspecialists often negotiate better absolute rates based on income level and down payment.
Is SickKids covered by all physician mortgage programs?03
All major physician programs (Scotia, RBC, TD, National, CIBC) treat SickKids residents and attendings the same as any other University of Toronto teaching site. The program eligibility is by physician credential, not hospital.
What is the closing cost difference for a physician buying near SickKids?04
SickKids is on University Avenue, inside the City of Toronto boundary. That means both provincial and municipal land transfer tax apply. On an $850K condo the combined LTT runs roughly $23,000 before first-time buyer rebates. We calculate the full closing figure before any offer.
Can I use my PLOC for a down payment as a SickKids resident?05
Yes, and it is often the right call. Scotia and RBC physician PLOCs carry no amortization and accrue interest only on the drawn balance. Using the PLOC for down payment plus closing costs keeps cash reserves intact during residency.
What neighbourhoods make sense for SickKids staff?06
Residents and fellows frequently live in The Annex, Yorkville, Kensington, Chinatown, and King West for commute and lifestyle. Attending staff with families often move to Leslieville, High Park, Leaside, or the Upper Beaches for school districts. Each has a different price band and carrying cost profile.
Other hospitals in the same network.
Let's map your mortgage path at SickKids.
30 minute call. We look at your stage, signed contracts, PLOC balance, and target purchase. You leave with the actual number you qualify for.
Start the conversation