What a home costs in Victoria, what you pay to close, and how much a physician program lets you buy.
Benchmark price for Victoria, July 2026, from the CREA MLS Home Price Index, Victoria area, as published in the LSTAR July 2026 release. Other cities show the MLS Home Price Index benchmark unless marked. Figures reviewed August 2026.
A physician program could add
$0
to the home you can buy.
Estimate at 4.49%, stress tested at 6.49%, with 10% down, below the $1.5M insured limit.
British Columbia charges a Property Transfer Tax of 1% on the first $200,000, 2% from $200,000 to $2,000,000, and 3% above. On a $950,000 Victoria home that is roughly $17,000 before any first-time buyer or newly-built home exemption.
Sources: Government of British Columbia, property transfer tax; Government of British Columbia, first time home buyers program. Rates reviewed August 2026.
Physician programs qualify residents on $185,000 in PGY-1 and PGY-2 and $225,000 from PGY-3, not on these salaries.
Resident Doctors of BC, Resident Doctors of BC payroll page, in effect from April 2026.
How much is the Property Transfer Tax in Victoria?
British Columbia charges 1% on the first $200,000, 2% from $200,000 to $2,000,000, and 3% above. On a $950,000 Victoria home that is roughly $17,000 before any first-time buyer or newly-built home exemption.
Is Victoria more attainable than Vancouver for physicians?
Generally yes. Victoria prices are high but more attainable than Vancouver. Physician programs qualify residents and attendings on projected and corporate income, and the PLOC can fund the down payment and transfer tax.
