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.
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
A Canadian emergency physician typically qualifies for $1.3M to $2.2M on attending income, and more once incorporated. Shift-based and locum income is read on an annual basis by physician-friendly lenders.
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.