Kingston · Ontario
Physician mortgages in Kingston
Queen’s Health Sciences and Kingston Health Sciences Centre make this a compact teaching city between Toronto and Ottawa.
Teaching hospitals and medical schools in Kingston
Queen’s University School of MedicineQueen’s Health Sciences
Kingston General HospitalKingston Health Sciences Centre
Hotel Dieu HospitalKingston Health Sciences Centre
Providence Care HospitalSpecialized care
$73,367
PGY1 salary, PARO scale
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 Kingston
—Land transfer tax after relief
—first time buyer relief
What doctors should know about buying in Kingston
- Only Ontario land transfer tax applies, with up to $4,000 back for first time buyers.
- Residency here can be followed by a move for fellowship, so plan for renting or selling later.
- Ontario’s 8% sales tax on mortgage insurance is paid in cash at closing.
Kingston physician mortgage questions
Should I buy in Kingston if I might leave for fellowship?
It can work if you are happy to rent it out. Profit on a home that is no longer your main residence can be taxed, so plan with an accountant.
Is there a city land transfer tax in Kingston?
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