Physician mortgages in Ottawa
The University of Ottawa trains physicians in English and French, with The Ottawa Hospital, CHEO and the Heart Institute nearby.
Teaching hospitals and medical schools in Ottawa
PGY1 salary, PARO scale
Ontario land transfer tax, with up to $4,000 back for first time buyers
Foreign buyers pay Ontario’s 25% non-resident speculation tax
Closing costs for physicians buying in Ottawa
What doctors should know about buying in Ottawa
- Only Ontario land transfer tax applies. There is no city land transfer tax like Toronto’s.
- First time buyers get up to $4,000 of Ontario land transfer tax back.
- Ontario’s 8% sales tax on mortgage insurance is paid in cash at closing.
Ottawa physician mortgage questions
Is there a municipal land transfer tax in Ottawa?
No. Toronto is the only Ontario city that adds its own land transfer tax. In Ottawa you pay the Ontario tax only, less up to $4,000 for first time buyers.
What do residents in Ottawa earn?
PGY1 residents earn $73,367 on the PARO scale. Physician programs can qualify you on projected income instead, such as Scotiabank’s $185,000 sample for residents in years 1 and 2.
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