[murd0c]

I remember this was posted a couple years back but I'm sure everyone would like to know how much money their doctor made last year.

I don't have a family doctor so I can't tell you how much mine made :alone:

http://www.health.gov.bc.ca/msp/legislation/pdf/bluebook2011.pdf

[jeedee]

Mine made $320,064.96 :eek5:

But he's one hell of a doctor though. I only have to visit him once usually and he "fixes" the problem :fuckyea:

[shawnly1000]

Note this is how much they billed MSP, it isn't take home income (i.e. doesn't cover their overhead), but at the same time I don't believe insurance/WCB amounts are included.

[twitchyzero]

my specialist is slowly creeping towards a 7-figure income
no wonder he's always joking around and dresses like he's on vacation

[Fcukedd]

$409,303.07

http://tgchan.org/kusaba/meep/src/133094057059.jpg

[SpuGen]

Mine made: $421,251

Quite a bit for somebody who just tells you to rest more, drink more water, and take whatever the fuck pills he prescribes you.

But the man will write you a Doctors note for anything. As long as you tell him exactly what you want written.

[XplicitLuder]

$149k , not bad :accepted:

[Stealthy]

Only 141k, small family doctor.

hory shet though.

[shenmecar]

Dr Henry Leung $460,254.14

HOLY FUCK!

[GGnoRE]

Wow... 360k... he doesn't even work full-time

[fliptuner]

$435K, holy shit. No wonder it's always packed in there.

[twitchyzero]

Quite a bit for somebody who just tells you to rest more, drink more water, and take whatever the fuck pills he prescribes you.


it's a shame quite a few people in the general public think this way about their physicians

[1exotic]

damn some are pulling in well above 1 mill.

[cho]

215k
Would of expected more, my docs awesome

[vafanculo]

Just under 500k..

Can't believe it. I really think she sucks. Two or three times gives us wrong info, and charges arm and a leg for any form to fill out..

[noTirl]

Eng, Aik-Ping ..................................... 841,271.94
:suspicious:

[monkeywrench]

560k wtf!

[mb_]

$414,056.45

HORRYYY CHIITTT

[spoon.ek9]

$280K

I wonder if that even includes his skin treatment procedures on the side :considered:

[Autorice]

$433k!!!

[pinn3r]

233,766.97

:ahwow:

[rJZx]

309,212.54

:ahwow:

[Ludepower]

Dr. Cat Phan -$490 000!
He's my family doctor working at walk-in clinic on kingsway.
Gawd dayum I knew he made a killing sitting on his ass prescribing Tylenol and antibiotics all day.

Do family doctors get cap at how many patients they see a day? Cause I know mine sees like a 50+

[dyan]

^
Yeah they do.. i THINK it's something like 40-50 patients/day.

[Wykydtron]

They get a cap at how many patients the gov't will pay for. The gov't pays a certain amount till a certain #, then a smaller amount till like 50. That is only for the basic walk-in/visit covered by msp. Then factor in how doctors offices charge for notes, exams, physicals etc. And some work at hospitals, and/or own some of the walk in clinics around (my family doctor owns a walk in). Plus then ICBC and WCB claims, I'm going to assume they can charge more for stuff. So really, I can see it adding up with a good doctor who has their roots solidified in the community. But if anyone deserves to make $300K/year, it's someone who studied and worked their ass off in med school, and continue to work hard, sometimes having to take cases and files home to work on until they can make a solid patient base.

[mnash]

wow 433,182.05 and he's f. useless

[Not really racist!]

386k.

[Anjew]

so many horrible doctors.... need to keep them accountable somehow...

is there a system inplace that would requrie some kind of re-certification? if not, would it be a good idea?

Dr. Cat Phan -$490 000!
He's my family doctor working at walk-in clinic on kingsway.
Gawd dayum I knew he made a killing sitting on his ass prescribing Tylenol and antibiotics all day.

Do family doctors get cap at how many patients they see a day? Cause I know mine sees like a 50+

[dboy]

700k

GOD DAMN

[Excelsis]

380k-taxes for telling people to go home, take advil, and rest

:fuckthatshit::fuckthatshit::fuckthatshit: :fuckthatshit: :fuckthatshit::fuckthatshit::fuckthatshit: :fuckthatshit: :fuckthatshit:

[Firmware]

507,787.08

[Doubl3_H]

Eng, Aik-Ping ..................................... 841,271.94
:suspicious:


lol, he likes to tell me stories

[niu99]

That's what 7 years of university and 2-4 years of residency land you.

[mas604]

Mine makes 600k, but like someone said this is just billed MSP. This does not account for overhead costs.

"overhead expenses for all physicians average 34%, ranging from an estimated 37% for family physicians to 30% for specialists. Estimated net incomes (before taxes) were $111 630 for family physicians and $167 525 for specialists. "

Those figures were back in the year 2000 from what I've dug up on google and since then the overhead costs have been risen. That's why in family clinics you see multiple doctors running the clinic, so that their expenses are shared. In reality they don't take home as much as you think or see, don't forget about taxes too which isn't included in their overhead expenses.

[flagella]

Meh, I have no problem with surgeons making decent amount of dough, but a lot of family doctors are fucking useless and I'm sure a lot of people would concur.

[HonestTea]

$319k...damn!

[Excelsis]

I'd say multiply the number by 0.60 and you'd get a rough estimate on how much they actually make, but still a shitload

bcrdukes where are you :concentrate:

[subordinate]

Eng, Aik-Ping ..................................... 841,271.94
:suspicious:

Same doc...Eff'in useless - stopped going to him.

Dude should retire.

[monkeywrench]

1) Make babies
2) Turn them into doctor
3) ????
4) PROFIT

[jaguar604]

Number of doctors breaking 2 million and they are ophthalmologists.

[EndLeSS8]

HOOORRYYYY SHIEETT

My parents eye specialist made over 1million last year.

By comparison, my doctor is small potatoes; he made over 400k.

[bloodmack]

197k.. god damn wtf my doctor makes shit all compared others.

[drunkrussian]

my doc only makes like 150k or 300k (no sure which one he is on there, common name lol). BUT he OWNS the entire walk-in clinic and it's his business...so he must be making some serious cash on top of this!

[tgill]

197k.. god damn wtf my doctor makes shit all compared others.
233k here before overhead, been my family doctor since I was born, still at her clinic everyday 8-5, hospital emergencies, and all sorts of shit. Well deserved, imo.

[Ludepower]

197k.. god damn wtf my doctor makes shit all compared others.

Your doctor doesn't know how to abuse the system.


Mine makes 600k, but like someone said this is just billed MSP. This does not account for overhead costs.


I have nothing against doctors making good money but that should be reserved for surgeons and specialist.

My family doc makes half a mill renting a small storefront in a shitty part of town. His overhead is NOTHING :rukidding:

[static]

Luciuk, George H ................................ 870,349.97

[Verdasco]

holy fuck 690k x 0.60 = 400k around there :suspicious: now i should stay in chemistry/bio to get into med school... i researched and always thought family physicians made around 150k a year... THE FUKKKKKK

[cliffhanger33]

Holy mine made 497,208.29

[bloodmack]

Your doctor doesn't know how to abuse the system.

My doctor is also a tall blonde russian.

[bballguy]

Wow....$600 000......

[SkippyLang]

628K wowza.

[sexyaccord]

more than me :okay:

[asian_XL]

I wonder how much they actually can pocket after all the overhead expenses and insurance.

[rslater]

Highest paid definitely seem to be Ophthalmologists. I just met an optometrist who said they make no money and its all the ophthalmologists that are making huge money now. Starting with and undergraduate degree, its a minimum 13 years of school.

[dlo]

386,447.66

wtf my doctor didnt do shit to my seperated shoulder for fuck sakes, i had to go to the ER

[Mike Oxbig]

193,212.89

969,505.74


1) Make babies
2) Turn them into doctor
3) ????
4) PROFIT


every chinese parents wish and 99% failed

[Over9K]

Over $558 000....damn.

[jello24]

my walk in clinic doc made $400k+ but my two opthamologists made $1million and $800k respectively... opthamologists definitely ball out of control...

I can save all the money i get from engineering and I won't even touch them for a hundred years... DAMN YOU NUMBERS-LOVING BRAIN!!!

[Verdasco]

193,212.89

969,505.74





every chinese parents wish and 99% failed



my mom asks me if i can still get into med school every fucking day :seriously:

[CorneringArtist]

314,286.83

Holy shit, and he's running a three-room office...

[blkgsr]

one guy makes over $2M

Yau Woon Yu

[FOREVER]

Louie, Andrew James.......................... 696,419.03
Yeung, Gerald Yan .............................. 345,281.38

:pokerface:

[gars]

My mom has been working in a doctors office (same practice) for like 35 years - she tells me all the stories about them. (plus sis is a psych resident in toronto, so I guess my mom succeeded with her, but failed with me.....)

They do make quite a bit of money, but they also work quite hard. For a lot of us, going to a doctor, there isn't much more they can do other than hot fluids, rest and an advil. But where they have to work hard are all the seniors coming in. Many have been to the same doctor for the past 20 years, and the doctor knows all their recurring conditions, etc. They get paid a little more if the patient is above x number of years in age, but for good reason.

There's a reason I don't bother going to the doctor unless I need a note, or if there's something very wrong that I've never experienced. If I have flu/cold symptoms, what do you expect going to a doctor?

[StylinRed]

3 pages too much to read



just a note this is only what the doctor received by the govt for seeing a patient it doesnt include their costs for staff/clinic etc nor their taxes

[FN-2199]

Surprisingly, my eye doctor is on here... 82,925.50 :fuckthatshit:

[Mr.C]

300k. I'm totally in the wrong profession.

[MindBomber]

My mom has been working in a doctors office (same practice) for like 35 years - she tells me all the stories about them. (plus sis is a psych resident in toronto, so I guess my mom succeeded with her, but failed with me.....)

They do make quite a bit of money, but they also work quite hard. For a lot of us, going to a doctor, there isn't much more they can do other than hot fluids, rest and an advil. But where they have to work hard are all the seniors coming in. Many have been to the same doctor for the past 20 years, and the doctor knows all their recurring conditions, etc. They get paid a little more if the patient is above x number of years in age, but for good reason.

There's a reason I don't bother going to the doctor unless I need a note, or if there's something very wrong that I've never experienced. If I have flu/cold symptoms, what do you expect going to a doctor?

Exactly, a Doctor did not go to school to learn how to treat a cold, they went to school to learn how to differentiate a cold from meningitis. If you have nothing more significant than a mild cold, you shouldn't expect them to diagnose anymore than fluids, Advil and rest, as nothing more is necessary. On the rare occasion that you might instead have meningitis however, properly diagnosing it will prevent you from dying. I have a friend who was having pain in her side last fall, the doctor felt her side and recognized it was not something minor like cysts, she was in an oncologists office later that week. Misdiagnosis would have cost her life.

People on RS like to complain, before stepping back and considering the bigger picture.

[Vansterdam]

Eng, Aik-Ping ..................................... 841,271.94
:suspicious:

lol my doctor too

holy shit 841,271.94


one hell of a doctor though

i believe hes been in chinatown for 15+ years

[dangonay]

Surprised there are so many in the low $100K range. I figured a doctor would at least be in the $200K range, and by $200K I mean take home, not minus expenses. I figure they are easily worth that much.

Buddy from high school is an anesthesiologist in the US and he was creeping up on $400K last time we talked.

[noTirl]

lol my doctor too

holy shit 841,271.94


one hell of a doctor though

i believe hes been in chinatown for 15+ years

i dont know how long but my mother tells me that he was the doctor that delivered me :pokerface:

[Excelsis]

yea but when you actually have a strained muscle in your back and your doctor tells you to "take an advil"
:rukidding:

[BrRsn]

I feel bad for a lot of family physicians .. real estate is $$$ in Vancouver, after paying the lease for their clinic + all the other overhead fees, they're not taking home that much at all compared to other professions that require similar schooling.

Definitely a tough job IMO.

[Phozy]

232,282.55

everyone study to become doctors! :troll:

[gars]

Surprised there are so many in the low $100K range. I figured a doctor would at least be in the $200K range, and by $200K I mean take home, not minus expenses. I figure they are easily worth that much.

Buddy from high school is an anesthesiologist in the US and he was creeping up on $400K last time we talked.

I know a few doctors that work part time. They might only work 2 or 3 days a week, either because they are only starting out, because they haven't found a full time position at a practice, or because they want to work less for their family or other commitments.

[mas604]

My family doctor makes:

$650,000

Less: Taxes (273,672)
Gross Income 376,328
Less: Overhead costs (273,672)
Net Income $148,828


so, $148,828left to pay for student loans etc. if he were to work by himself the average overhead costs of 35% is paid out by himself.


But since he works in practice with 3 other doctors, most likely split even like a partnership, he'd pay only $91,224, which leaves him with $285,104 for take home pay, which isn't bad at all.

[TheKingdom2000]

Dr. Kenneth Cho = $303k

Pretty good to me

[0nline]

Hou, Frank L........................................ 426,104.8



HOLY FUCK!!!

[Nocardia]

Mcanulty, Gregory John ..................... 1,006,879.60
Why he doesn't make this much as take home

1. Rent/overhead/supplies
2. 2x receptionist (salary+benefits)
3. Part time RN
4. I assume the international dr that works there part time bills via him

Salary after above: 450k?
After taxes: 275k (MSP only)
Working 12 hour days 11 months per year.... Its a ton of money but then again someone who owns a successful bullshit business probably makes more and works less

[kouki_monster]

$409,303.07

http://tgchan.org/kusaba/meep/src/133094057059.jpg

We have the same family doctor! I think he deserves every penny though, great doctor.

[bing]

For those that are surprised their doctors make a couple hundred thousand per year and think its a lot, it really isn't for the amount of ability and schooling necessary. Taxes (highest income bracket ~50%?), overhead, receptionist, etc take a chunk away. Furthermore, if they were in the states, they would probably be getting a hell of a lot more especially the specialists. Getting into med school is tough and there's a TON of competition.

[ProBoostin]

280k working 3 days a week and is always on vacation and I can never get in to see him

[mruppal]

Bueno, Antonio .................................. 433,989.17 <- told me there was nothing wrong with me, whenever i would cough up blood .. :derp::seriously: fuck this guy



Dubec, Jiri Junior................................. 301,833.37 <- found out i had something wrong with one of my lungs, got me medicine for it. three weeks later, no more blood. :thumbs::awwyeah:

[FeistyBearH22a]

Wow Its unbelievable how doctors are so under appreciated.
Most of the cardiac surgeons (fraser health) on the list just made just at a million or under. Some of the hours these guys put in are unbelievable. I know when cardiac surgeons are on call they can almost count on not having sleep for days on end. You couldnt pay me enough money to be doing what these guys are doing.

No wonder a fuck ton of doctors are moving down south.

[CP.AR]

373k and drives a base model accord :fuckyea:

[bballguy]

Wow Its unbelievable how doctors are so under appreciated.


Of course they are underappreciated...They save peoples' lives....How does one determine the price tag of that??

[melloman]

$187k... and my doctor only works about 30hours/week.

[Z3guy]

$400k is not much when you take into acct expenses

Rent $4K per month = $48K per yr
admin person = $60k per yr ($45k salary +benefits)
Office supplies = $20k per yr
Licensing fees = $20K per yr
Total = $140K per yr

So, a doctor who billed out $400k per year less costs gets approx. $260K gross pay. For the amount of schooling involved to become a GP, $260K is reasonable. Note, the $260k is fully taxable.

[hongy]

my mom asks me if i can still get into med school every fucking day :seriously:

My mom reminds me she doesn't support my idea of being a doctor...

[chouchou]

Yeah, for people like you and I doctors may seem like a joke - all you do is walk in, 5 minutes for a prescription about a sore throat or some nasal congestion and you're out. That 5 minutes probably pockets them X amount of dollars billed to MSP and it IS a walk in the park for them.

It's what you DON'T see that makes appreciating a doctor so much more realistic.

Working at a pharmacy in a senior area, it's tough to comprehend how many medications some seniors are on. Sometimes 20+ medications packed in a blister pack that treat all sorts of different conditions. It's the doctor's job to make sure he accounts for every little detail, strength of medication how long they're on them for etc. One slip up, especially when you're dealing with diabetic seniors or seniors with uncontrollable blood pressure, high cholesterol, rheumatoid arthritis and a faulty liver - one slip up and they're a goner.

And this is only with respect to a GP, or family doctors. When you get into surgeons and specialists working 12+ hours a day as well as being on-call for the next 12 hours they're potentially at home, you have docs seeing patients more than their own families.

Realistically speaking, dermatologists (who make on average about 500k) have it the easiest. The rarity of extreme skin conditions are high, and most (85%) of their patients are there for acne treatment or some sort of rare eczema. In these circumstances there is a plethora of creams/ointments that treat these with one visit. Referrals cost the patient nothing but if they want to go in and see one without GP referred, they usually charge upwards of 50-100$. Check-up visits require payments. It's ridiculous how much money dermatologists make for the amount of work they do... But it's an incredibly difficult specialization to get into. It's easier to become a thoracic surgeon than a dermatologist these days.

yep.

[TekDragon]

533k a year? Jebus. Add in one receptionist and overhead split with another doctor... Does good for himself.

[Tapioca]

I wonder about people who complain about salaries. For most people, the only thing stopping you from becoming a doctor (or really any other professional) is the initial investment of time and money for school. If your parents can afford that late-model Bimmer, then they can afford to finance your med school bills (or med school in lieu of that Bimmer.)

The rest is hard work. Why shouldn't people be compensated well if they put in the time?

[Meowjin]

Yue, Frank W...................................... 409,303.07

Can never get an appoitment. It seems like he rarely works. He delivered me from birth 25 years ago too.

I went to him when I was suffering from major depression and anxiety. While he is a good doctor, he never followed through with getting me a referral for a psyche. Eventually a year later decided to see a different doctor, who would spend 30 minutes sessions with me until I was able to see a psyche. Got diagnosed with ADHD and have been anxiety and depression free ever since. But honestly it's such a pain in the ass to get proper help unless you want to pay for it.

I find it hard to go back to my family doctor now. It's always been a 5 minute consort and then he would push me away.

[Gary Oak]

hold crap mine makes 608,568.27... UNREAL, all he tells me is tylenol and rest :troll:

[bballguy]

hold crap mine makes 608,568.27... UNREAL, all he tells me is tylenol and rest :troll:

Which is all you need 99% of the time; What separates the good doctors from the great ones are the ones who can pick out that 1% who need extra/special attention...and it's not as easy as one might think, but THAT is why they are paid the big bucks.

[GLOW]

Yue, Frank W......................................

Dr. F. Yue :lawl:

seriously though, if it's the same one i'm thinking of - he's a good doctor and works a lot. that being said he's getting old & is cutting back a bit, but being nice to his reception staff helps with scheduling, depending on the severity of the situation.

like all dr's and their office staff following up on your own is important. they won't always remember to do certain things, and if you need a referral, sometimes they'll put it out there but it's the other dr's receptionist that's bad and doesn't give a fuck. that happened to me once and it wasn't Yue or his office's fault. the specialist's receptionist thought she was the fucking gatekeeper to who gets to see the specialist and who doesn't.

i can see where you're coming from though. 1 issue i had to go back 3 times and pushed to see a specialist which i eventually got but he was hesitant on referring me until the 3rd time i basically said i'm pretty f'd man painkillers aren't working.

[$lick]

HOOORRYYYY SHIEETT

My parents eye specialist made over 1million last year.

By comparison, my doctor is small potatoes; he made over 400k.

Dr. Francis Law? :heckno:

[insomniac]

Dr. Francis Law? :heckno:

whats wrong with francis law?

anyways

family doctor
283,410.13

eye doctor
950,475.6

[SpuGen]

TOTAL EXPENDITURES
$
Total Expenditures...............................3,573,1 12,119.8

:heckno:

I love being Canadian.

[EndLeSS8]

Dr. Francis Law? :heckno:

Nope, my doctor is good.
My parent's eye doctor, I don't go to him, but he's up in North Van.

My old family doctor (still the doctor for my grandma, due to him having all of the records) is GARBAGE. He only works like 3 days a week and makes comparatively little because he doesn't give a damn about people and is lazy.

Dr. Peter Mah - Vancouver, BC Family / G.P. - 7 doctor reviews | RateMDs.com (http://www.ratemds.com/doctor-ratings/876512/Dr-Peter-Mah-Vancouver-BC.html)

[Meowjin]

Dr. F. Yue :lawl:

seriously though, if it's the same one i'm thinking of - he's a good doctor and works a lot. that being said he's getting old & is cutting back a bit, but being nice to his reception staff helps with scheduling, depending on the severity of the situation.

like all dr's and their office staff following up on your own is important. they won't always remember to do certain things, and if you need a referral, sometimes they'll put it out there but it's the other dr's receptionist that's bad and doesn't give a fuck. that happened to me once and it wasn't Yue or his office's fault. the specialist's receptionist thought she was the fucking gatekeeper to who gets to see the specialist and who doesn't.

i can see where you're coming from though. 1 issue i had to go back 3 times and pushed to see a specialist which i eventually got but he was hesitant on referring me until the 3rd time i basically said i'm pretty f'd man painkillers aren't working.

I agree. I returned to his office after months of seeing a psyche and a doctor to keep him updated on my medical history and I couldn't even get a consort for 10 minutes for him just to fill out a form so I can get exempt for an overaward from last semester. I even told the waitstaff how important it was to get these papers signed and they wouldn't even take it from me to get it filled out by him.

Fuck man this guy delivered me and it's very frustrating when I have to wait 2 weeks just to get a 10 minute consort, and then when you want to discuss if what I got diagnosed with is legit and his thoughts he told me to just book another appoitment if he wants to talk.

He mostly deals with old patients now, and thats probably why he only does 5 minute consorts as said in a few previous posts about why a GP is important to older patients.

I'm glad I had the courage to go see a new doctor and to be this open with my problem. It really really helps.

[k3mps]

Dr. Shian Gu $438,403.73
Dr. Herman Lee $236,912.72

my childhood eye doctor whom every kid I knew loved

Dr. Christoper Lyons $579,583.40

I can only dream :okay:

[GLOW]

He mostly deals with old patients now, and thats probably why he only does 5 minute consorts as said in a few previous posts about why a GP is important to older patients.


That's it right there. When you talk to reception I found its good to tell as much about the problem as you can. If you told them just about the form and turned it in to a form plus consult with the psych they might not have scheduled that time in. Just be glad you don't get lee, if you think yue is fast she's wam bam thank you ma'am :lawl:

[2damaxmr2]

330k. lolzzz

[Datsun]

450k :okay:

[Tai Chi]

good to know one of my client who is an optometrist makes 1.3mil... O_o
my other client who's an obstetrician makes 450 thousand
my family dr makes 370 thousand
& my wife's family dr makes 170 thousand
my gastroenterology dr makes 970 thousand

specialist ftw.

[Slifer]

^Are you sure you're not missing a 0 there? Family doctor making 17K/year? :lawl:

[Tai Chi]

Opps. Edited.

[mr85]

533k a year? Jebus. Add in one receptionist and overhead split with another doctor... Does good for himself.

Does 500k before taxes even get you a decent home to mortgage in west vancouver even?

[doggface]

Does anyone know why there is such a discrepancy between the wages of family doctors? Some family doctors make <200k, while others make >600k which is more than some specialists! That's a big difference in salary even if you do work part-time vs. full-time?

[artmotion]

308,711.84

wowowowowow

[GLOW]

Does anyone know why there is such a discrepancy between the wages of family doctors? Some family doctors make <200k, while others make >600k which is more than some specialists! That's a big difference in salary even if you do work part-time vs. full-time?

I would think number of patients and visits by them and if they own their own practice

[GabAlmighty]

Lol doctors. I treat myself.

[lowside67]

Does 500k before taxes even get you a decent home to mortgage in west vancouver even?
<Total Side Topic>
For the fun, here is what that looks like:

$500k pre-tax in straight income works out to $301,191 after taxes assuming they live in BC and have no tax credits. Call it $25,000 per month after tax.

Most mortgage companies will allow your payments to be up to 32% of your gross (pre-tax) monthly income. This would have your monthly mortgage payments maxing at around $13,300.

To get to this payment, and assuming that you put 25% down, you can afford a house with a price tag of around $3,650,000 based on today's very low interest rates (used TD's rate of prime + 0.20%). You will need to put $912,500 down. This doesnt exactly buy you a mansion in West Vancouver, and makes you realize just how much money you need to earn to be able to buy a $10MM house.

If interest rates go up only 1 percent... your max mortgage is now only $3,200,000. You can see how when the mortgage rates go up, it takes a HUGE hit on the amount people can qualify for which begins the slide on housing prices.

Mark

</Total Side Topic>

[GLOW]

<Total Side Topic>
For the fun, here is what that looks like:

$500k pre-tax in straight income works out to $301,191 after taxes assuming they live in BC and have no tax credits. Call it $25,000 per month after tax.

Most mortgage companies will allow your payments to be up to 32% of your gross (pre-tax) monthly income. This would have your monthly mortgage payments maxing at around $13,300.

To get to this payment, and assuming that you put 25% down, you can afford a house with a price tag of around $3,650,000 based on today's very low interest rates (used TD's rate of prime + 0.20%). You will need to put $912,500 down. This doesnt exactly buy you a mansion in West Vancouver, and makes you realize just how much money you need to earn to be able to buy a $10MM house.

If interest rates go up only 1 percent... your max mortgage is now only $3,200,000. You can see how when the mortgage rates go up, it takes a HUGE hit on the amount people can qualify for which begins the slide on housing prices.

Mark

</Total Side Topic>

that's kind of depressing LOL

[lowside67]

What's depressing is trying to qualify for a mortgage as a single person making less than $100k... ;)

[GLOW]

What's depressing is trying to qualify for a mortgage as a single person making less than $100k... ;)

been there done that...my expression in the bank...
:okay:

[donjalapeno]

Not my doctor but Horry shit....

Singh Dharminder...............2,261,053.79