CMHC MLI Select Financing for Larger Multi-Unit Properties
CMHC's MLI Select program offers preferred insured financing terms — including higher leverage and longer amortizations — for multi-unit residential properties that meet certain affordability, energy efficiency, or accessibility criteria. I'll help you determine if your property qualifies and structure the application.
How MLI Select Works
- Points are awarded based on meeting criteria in three categories: affordability, energy efficiency, and accessibility
- Meeting a minimum point threshold can unlock benefits like higher loan-to-value ratios and extended amortization periods
- Generally applies to larger multi-unit residential and high-rise properties, though minimum unit counts and criteria are set by CMHC and can change
A building that commits to keeping a portion of units at affordable rents, and also meets certain energy-efficiency criteria, may score enough points to access more favorable financing terms than a standard multi-unit mortgage — the exact terms depend on CMHC's current program rules at the time of application.
Figures and scoring described above are hypothetical examples for illustration only, not a quote or guarantee. Sources: cmhc-schl.gc.ca (CMHC MLI Select program page). CMHC program criteria and point thresholds are subject to change; always confirm current terms with CMHC or your broker.
Frequently Asked Questions
No — it's a specific CMHC insured financing program with its own point-based qualification criteria, and terms can be more favorable than conventional multi-unit financing when a property qualifies.
Curious if Your Property Qualifies for MLI Select?
Book a free call and we'll review your property against the latest CMHC criteria.