London · Ontario
Physician mortgages in London
Western’s Schulich School of Medicine & Dentistry trains physicians and dentists here, with London Health Sciences Centre as its main partner.
Teaching hospitals and medical schools in London
Schulich School of Medicine & Dentistry, Western UniversityMedicine and dentistry in one school
Schulich Dentistry, Western UniversityDentistry
University HospitalLondon Health Sciences Centre
Victoria HospitalLondon Health Sciences Centre
Children’s HospitalLondon Health Sciences Centre
St. Joseph’s Health Care LondonAcademic hospital
$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 London
—Land transfer tax after relief
—first time buyer relief
What doctors should know about buying in London
- Only Ontario land transfer tax applies, with up to $4,000 back for first time buyers.
- New Schulich dentistry grads can use medical professional programs with some lenders.
- Ontario’s 8% sales tax on mortgage insurance is paid in cash at closing.
London physician mortgage questions
Can a new dentist from Western buy right after graduating?
Often, yes. Some programs include dentists in their final year or recently graduated. Associate income is usually treated like self employment.
Is there a city land transfer tax in London?
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