How family physicians earn.
Family physicians earn through fee-for-service billing, salaried positions, capitation models, and locum work, often in combination. Billing income runs through a professional corporation for most established family physicians.
What matters for your mortgage.
Incorporation and your qualification.
Family physicians who incorporate take a modest T4 salary and leave the rest in the corporation. Standard lenders qualify on the T4 alone and understate income by 40-60%. Corporate-income programs read corporate revenue and dividend history, capturing the real number.
Family Medicine mortgage questions.
How much mortgage can a family physician qualify for in Canada?01
A Canadian family physician typically qualifies for $1.2M to $1.8M on attending income, and more once incorporated and qualified on corporate income plus dividends. Residents in family medicine commonly qualify on a projected attending income near $225,000.
Can a family medicine resident get a physician mortgage?02
Yes. Physician programs qualify family medicine residents on projected attending income (commonly near $225,000) using a signed residency contract, with 5-10% down, before the resident reaches attending status.
How does fee-for-service billing affect a family physician mortgage?03
Fee-for-service billing is read differently by each lender. Physician-friendly lenders use recent billing history rather than requiring a long track record, which protects qualification for newer or recently relocated family 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.