Mortgage strategy for St. Paul's residents, fellows, and attending staff, built around UBC training and downtown Vancouver purchase realities.
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.
St. Paul's Hospital is in Vancouver, British Columbia. Affiliation: University of British Columbia. Other hospitals nearby: Vancouver General Hospital, BC Children's and UBC Hospital.
Price: CREA MLS Home Price Index, Greater Vancouver area, as published in the LSTAR July 2026 release. Tax: Government of British Columbia, property transfer tax; Government of British Columbia, first time home buyers program. Rates reviewed August 2026.
Physician mortgages in VancouverHighest purchase price, 10% down, no student debt, 4.49% stress tested at 6.49%, kept below the $1.5M insured limit. Resident pay: Resident Doctors of BC payroll page, in effect April 2026. Salary steps up each April for the term of the agreement. Program figures: Physician projected-income program factsheet, September 2023 edition.
How much can a St. Paul's attending physician 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, St. Paul's 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 forDoes the BC first-time buyer exemption help St. Paul's residents?
It can. The BC first-time buyer exemption covers the tax on the first $500,000 for homes up to $835,000, and phases out to nothing at $860,000. Newly built homes have a separate exemption with its own limits.
See the projected income scheduleShould a St. Paul's resident buy downtown or commute?
Downtown condos near St. Paul's keep commute short but carry premium prices; transit-connected neighbourhoods trade a longer commute for lower cost. We model carrying cost versus rent before recommending either.
See the projected income schedule
