Vancouver General Hospital
Mortgage strategy for VGH residents, fellows, and attending staff, built around UBC training timelines and the realities of buying in Metro Vancouver.
Why VGH physicians need a different mortgage path.
VGH is the largest hospital in British Columbia and a flagship UBC teaching site, drawing a large resident and fellow population into Canada's least affordable housing market. Detached prices routinely exceed $2M, so projected-income qualification and disciplined PLOC use are what make ownership realistic rather than theoretical.
Built for how VGH physicians actually earn.
Your stage. Your structure.
VGH residents qualify on projected attending income under physician programs, with 5-10% down where insurable. In a market this expensive, the PLOC is often essential for funding the down payment and Property Transfer Tax.
Attending VGH physicians commonly qualify for $1.5M-$2.5M on signed contracts, and more once incorporated. High prices push many files into conventional (20%+ down) territory where structure matters.
Locum and part-time VGH physicians qualify through mixed-income programs accepting T4A plus invoice history, read on an annual basis.
Incorporated VGH physicians qualify on corporate revenue plus dividend history rather than personal T4, typically lifting capacity 50-80%.
Straight answers, specific to your hospital.
How much is the Property Transfer Tax for a VGH physician purchase?01
British Columbia charges 1% on the first $200,000, 2% to $2,000,000, and 3% above, plus a further 2% on residential value over $3,000,000. On a $1.5M home that is roughly $28,000 before any first-time buyer or newly-built home exemption.
Can a VGH resident afford to buy in Vancouver?02
More often than the stipend alone suggests. A physician program qualifies VGH residents on projected attending income, and condos or townhomes are the realistic entry point. The PLOC can fund the down payment and transfer tax.
Can VGH fellows qualify before starting an attending role?03
Yes. A signed attending or staff offer is accepted as qualifying income by physician-program lenders, so a VGH fellow can close using attending income before the first T4 at that rate.
Which lenders work best for VGH physicians?04
Scotia, RBC, TD, CIBC, and National Bank all run physician programs, and monolines like MCAP, First National, and Strive handle incorporated files. The right fit depends on stage, incorporation status, and down payment source.
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 VGH.
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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