The London physician market.
London offers Western University's teaching network and London Health Sciences Centre alongside attainable Southwestern Ontario prices and only provincial land transfer tax. The combination makes it a practical market for residents to buy during training and remain as attendings.
Detached homes are attainable on attending income; closing costs are low with no municipal LTT.
Closing costs: ontario ltt, no municipal surcharge.
Why London physicians use a specialist.
- —Western University and LHSC anchor a substantial resident population.
- —Attainable Southwestern Ontario prices on attending income.
- —Only provincial LTT applies, with no municipal surcharge.
- —First-time buyer rebate offsets much of the tax on a typical purchase.
Teaching hospitals in London.
We work with physicians across London’s teaching network, from residents and fellows to attending and incorporated staff.
London physician mortgage questions.
Does London, Ontario have a municipal land transfer tax?01
No. London buyers pay only the Ontario provincial land transfer tax, with no municipal surcharge. On a $650,000 home the provincial LTT is roughly $9,500 before the first-time buyer rebate.
Is London a good market for resident physicians to buy?02
Yes. Western University and LHSC anchor a large resident population, prices are attainable, and projected-income qualification makes buying during training practical, with many physicians staying on as attendings.
Prices and payment examples are estimates for planning only. Your actual numbers depend on income, down payment, debt, credit, location, and current lender pricing.