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Dermatology mortgages, done right.

Dermatology combines insured medical billing with cosmetic revenue, often through a corporation. Reading both correctly is what sets your qualification.

The short answer

On the physician program's projected income of $300,000 for dermatologists in the final year of training and the first 36 months of practice, the debt-service ratios allow roughly $1,710,000 with 20% down and no student debt, or about $1,400,000 with 10% down and $150,000 of student debt. Established dermatologists qualify on actual income, and incorporated dermatologists on corporate income, which is usually higher.

$300K
Projected income
Program chart, final year and 36 months after
$3M+
Incorporated qualification
On corporate income plus dividends
50-80%
Incorporation uplift
Versus personal T4 alone
01

How dermatologists earn.

Dermatologists combine insured medical fee-for-service billing with cosmetic and private revenue, frequently through a professional corporation. Income is high and the corporate structure is central.

Projected income$300,000 projected income, final year and first 36 months of practice (program chart)
Typical qualificationRoughly $1,710,000 on projected income with 20% down
02

The numbers, with sources.

Nothing on this page is a guess. The projected income comes from the program chart, the qualification figures are computed from it with the same ratios a lender applies, and the income data comes from public reporting.

$300,000Projected income the program uses
Program specialty chart, "Dermatology", final year of training and first 36 months of practice
Source: Physician projected-income program factsheet, September 2023 edition. Full schedule and rules
5 yearsResidency length
The final-year window, where the specialty figure applies, opens in the last of these years and runs 36 months past completion.
Source: Royal College, Dermatology specialty training requirements. Source
$523,325Average gross clinical payment per dermatologist, 2023-2024
Gross billings before overhead, counting every physician equally whether full time or not, so take-home is lower. This is what an established practice earns; a lender uses it only once you are past the projected-income window.
Source: CIHI, National Physician Database, Payments Data 2023-2024, Table A.3.2, average gross clinical payment per physician, Canada total (released October 30, 2025). CIHI table
772dermatologists in Canada, 2024
Active physicians, excluding residents and retired physicians.
Source: CIHI, Supply, Distribution and Migration of Physicians in Canada 2024, Table 1.0, physicians by specialty, Canada, as of December 31, 2024. CIHI table
What $300,000 qualifies for
20% down, no student debt$1,710,000
10% down, $150,000 student debt$1,400,000
Contract rate 4.49%, qualifying rate 6.49%, 39% GDS and 44% TDS, property tax 0.75% of price, heating $100 a month, student debt counted at 5.25% over 15 years, program insurance tiers when insured. Rounded to the nearest $10,000. Illustration, not a pre-approval.
03

What matters for your mortgage.

Medical + cosmetic income
Insured billing plus cosmetic revenue should be read together. A physician-friendly lender uses the full corporate picture.
Strong margins
Dermatology often runs strong margins, which a corporate-income program captures where a personal T4 would not.
Incorporation
Almost all dermatologists incorporate; corporate-income qualification is essential to qualify on the real number.
04

Incorporation and your qualification.

Dermatology corporations retain significant income beyond the salary drawn. Corporate-income programs read corporate revenue and dividends, typically lifting capacity by 50-80%.

FAQ

Dermatology mortgage questions.

How much mortgage can a dermatologist qualify for in Canada?01

On the physician program's projected income of $300,000 for dermatologists in the final year of training and the first 36 months of practice, the debt-service ratios allow roughly $1,710,000 with 20% down and no student debt, or about $1,400,000 with 10% down and $150,000 of student debt. Established dermatologists qualify on actual income, and incorporated dermatologists on corporate income, which is usually higher.

How is cosmetic and medical income combined for a dermatologist mortgage?02

A physician-friendly lender reads both insured medical billing and cosmetic revenue through the corporation, rather than only the salary drawn, which captures the dermatologist's real earning power.

Keep reading
Incorporated physician mortgages
How much can a physician qualify for
Self-employed physicians

Prices and payment examples are estimates for planning only. Your actual numbers depend on income, down payment, debt, credit, location, and current lender pricing.

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