How psychiatrists earn.
Psychiatrists commonly mix hospital salary, fee-for-service billing, and private practice. Many incorporate, particularly those with significant private practice income.
What matters for your mortgage.
Incorporation and your qualification.
Psychiatrists with private practice income who incorporate are underqualified by standard lenders that see only the T4. Corporate-income programs read the corporation, typically lifting capacity by 50-80%.
Psychiatry mortgage questions.
How much mortgage can a psychiatrist qualify for in Canada?01
A Canadian psychiatrist typically qualifies for $1.3M to $2M on attending income, and more once incorporated. Psychiatry income often blends salary, fee-for-service, and private practice, which a physician-friendly lender combines.
How is private practice income treated for a psychiatrist mortgage?02
Private practice billing is read differently by each lender. A physician-friendly lender uses recent billing history rather than requiring a long track record, and combines it with salaried and fee-for-service 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.