The Markham physician market.
Markham draws physicians who want GTA and teaching-hospital access with stronger value than central Toronto. The financing advantage is concrete: no City of Toronto municipal land transfer tax, so closing costs are materially lower than an equivalent purchase downtown.
Detached homes sit well above $1.4M; condos and townhomes are the realistic entry point for residents.
Source: Toronto Regional Real Estate Board, Market Watch July 2026, City of Markham, HPI benchmark, July 2026. Figures reviewed August 2026.
Closing costs: ontario provincial ltt only.
Why Markham physicians use a specialist.
- No City of Toronto municipal land transfer tax saves tens of thousands at closing versus downtown.
- Strong access to the University of Toronto teaching network while living in York Region.
- Residents and fellows can qualify on projected attending income with 10% down.
- Incorporated attendings benefit from corporate-income qualification standard lenders miss.
Teaching hospitals in Markham.
We work with physicians across Markham’s teaching network, from residents and fellows to attending and incorporated staff.
Markham physician mortgage questions.
Does Markham charge the Toronto land transfer tax?01
No. Markham is in York Region, outside the City of Toronto, so buyers pay only the Ontario provincial land transfer tax with no municipal surcharge. On a $1.2M home that is roughly $20,500, about $20,000 less than the same purchase inside Toronto.
Can a physician qualify for a Markham home on projected income?02
Yes. Under a physician program, residents and fellows qualify on projected attending income with 10% down, and incorporated attendings qualify on corporate income, which standard lenders underread.
Prices and payment examples are estimates for planning only. Your actual numbers depend on income, down payment, debt, credit, location, and current lender pricing.