Hamilton · Ontario
Physician mortgages in Hamilton
McMaster’s three year MD program and Hamilton Health Sciences make this a major training city, with higher property tax than Toronto.
Teaching hospitals and medical schools in Hamilton
Michael G. DeGroote School of Medicine, McMaster UniversityA three year MD program
Hamilton General HospitalHamilton Health Sciences
Juravinski Hospital and Cancer CentreHamilton Health Sciences
McMaster Children’s HospitalHamilton Health Sciences
St. Joseph’s Healthcare HamiltonAcademic hospital
1.557%
Hamilton 2026 residential property tax rate
1 tax
Ontario land transfer tax, with up to $4,000 back for first time buyers
25%
Foreign buyers pay Ontario’s 25% non-resident speculation tax
Closing costs for physicians buying in Hamilton
—Land transfer tax after relief
—property tax per month
What doctors should know about buying in Hamilton
- Urban Hamilton’s 2026 tax rate is about 1.557%, roughly double Toronto’s. Lenders count it in your housing costs.
- Only Ontario land transfer tax applies, with up to $4,000 back for first time buyers.
- A three year MD means you reach residency, and projected income programs, a year sooner.
Hamilton physician mortgage questions
Why does Hamilton’s property tax change what I qualify for?
Lenders count property tax as a housing cost. At about 1.557% versus about 0.767% in Toronto, the same income supports a lower price in Hamilton at the same assessed value.
Is there a city land transfer tax in Hamilton?
No. You pay the Ontario land transfer tax only, less up to $4,000 for first time buyers.
Other cities
Find out what you can buy before you start looking
Tell us where you are in training or practice. Asim will compare medical professional programs across banks and broker-only lenders and show you a realistic budget.
Check what you qualify for