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CMHC MLI Select

Get up to 85% financing, below-prime rates, and more for your multi-unit investment.

Up to 85% LTV financing
40-50 year amortization
CMHC mortgage insurance
Construction & purchase options
Multi-unit property

Why Choose CMHC?

Access preferred interest rates, reducing borrowing costs for multi-unit residential property construction, purchase and refinancing.
Get reduced premiums and longer amortization periods based on your level of commitment to affordability, accessibility and climate compatibility using MLI Select.
Rely on CMHC as Canada's only provider of mortgage loan insurance for multi-unit residential properties.
Investors working together

Top CMHC MLI Select Benefits

Unlock exclusive advantages for investors with CMHC MLI Select. Enjoy flexible financing, low rates, and more.

  • Up to 95% financing – means as low as 5% down
  • Below-prime interest rates
  • 50-year amortization
  • Up to 10-year terms
  • Bank & lender fees covered
  • GST waived
  • Immediate cash flow
  • Up to 10% appreciation in year 1

More Investor Advantages

Take your investment further with additional perks, security, and wealth-building opportunities.

  • Favourable refinancing opportunities – Parri Passu Mortgage
  • Turnkey investments
  • Pre-leasing of units with property management
  • Government-backed security
  • Generational wealth building

Minimum Debt Coverage Ratio (DCR) Requirements

Property TypeCategoryDCR Requirement
5-6 Units(For purchase)Residential Space1.10
5-6 Units(For refinance)Residential Space1.10
7+ Units (10+ years)Residential Space1.20
7+ Units (<10 years)Residential Space1.30
5+ Units (10+ years)Non-Residential Space1.40
5+ Units (<10 years)Non-Residential Space1.50
CMHC Rental

Guarantee Requirements

Construction Financing

Initial Requirement:

100% guarantee until stabilized rents achieved for 12 months

Ongoing:

40% of outstanding loan amount thereafter

Purchase/Refinance

Initial Requirement:

40% of outstanding loan amount

Ongoing:

Ongoing guarantee requirement

Limited Recourse

Initial Requirement:

Available for loans ≤65% of lending value

Ongoing:

Non-recourse to borrower option

Need More Information?

For additional details on fees, premiums, documentation requirements, and other multi-unit products, please contact CMHC directly.

Check out the MLI Select page on our website for information about affordability, accessibility, and energy efficiency incentives.

Contact Details

+1 (587) 435-0710
[email protected]
700 Montreal Road, Ottawa, ON K1A 0P7

Visit cmhc.ca/mliproducts for complete information

©2024 Canada Mortgage and Housing Corporation - This material is a quick reference tool for CMHC's Mortgage Loan Insurance. Additional conditions may apply. Information subject to change. Please verify current information before processing.

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