How emergency physicians earn.
Emergency physicians are typically paid by shift through fee-for-service or contract, with significant locum work common. Income is variable month to month but strong annually, and many incorporate.
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.
What matters for your mortgage.
Incorporation and your qualification.
Emergency physicians who incorporate are underqualified by standard lenders reading the T4 only. Corporate-income programs read the corporation, typically lifting capacity by 50-80%.
Emergency Medicine mortgage questions.
How much mortgage can an emergency physician qualify for in Canada?01
On the physician program's projected income of $300,000 for emergency physicians 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 emergency physicians qualify on actual income, and incorporated emergency physicians on corporate income, which is usually higher.
Does variable shift income hurt an EM physician mortgage?02
Not with the right lender. Physician-friendly lenders qualify emergency physicians on annual billing history rather than a single slow month, and accept locum T4A and invoice income.
Prices and payment examples are estimates for planning only. Your actual numbers depend on income, down payment, debt, credit, location, and current lender pricing.