The Montreal physician market.
Montreal offers attainable prices and the teaching networks of McGill (MUHC) and Universite de Montreal (CHUM), within Quebec's distinct legal and tax framework. The welcome tax replaces Ontario-style LTT, closings run through a notary, and National Bank's deep Quebec presence makes it a natural lender for many physicians here.
More attainable than Toronto or Vancouver; plexes and condos are common physician entry points.
Closing costs: welcome tax (droit de mutation).
Why Montreal physicians use a specialist.
- —More attainable than Toronto or Vancouver, with plexes and condos as entry points.
- —Quebec's welcome tax and notary-based closings differ from the rest of Canada.
- —National Bank is particularly strong on personal and corporate income for Quebec physicians.
- —MUHC and CHUM anchor large resident and fellow cohorts.
Teaching hospitals in Montreal.
We work with physicians across Montreal’s teaching network, from residents and fellows to attending and incorporated staff.
Montreal physician mortgage questions.
What is the welcome tax in Montreal?01
The welcome tax (droit de mutation) is a transfer duty charged by Quebec municipalities on a tiered scale based on the higher of purchase price or municipal valuation. On a $600,000 Montreal home it runs roughly $8,000 to $9,000.
Why are Quebec closings handled by a notary?02
Quebec uses a civil law system, so real estate closings are handled by a notary rather than a lawyer as in the rest of Canada. The notary prepares the deed, registers the mortgage, and disburses funds.
Which lender is best for Montreal physicians?03
National Bank has a deep Quebec presence and handles both personal and corporate income paths cleanly, making it a natural fit for many Montreal physicians, particularly incorporated attendings. A broker compares it against the other physician programs and monolines.
Prices and payment examples are estimates for planning only. Your actual numbers depend on income, down payment, debt, credit, location, and current lender pricing.