Back to the list
OngoingFederalLoans

CMHC MLI Select (multi-unit mortgage loan insurance)

CMHC

Insurance flexibilities by points earned: minimum 50 points - amortization up to 40 years; 70 points - up to 45 years; 100 points - up to 50 years (and limited recourse). New construction: loan-to-cost up to 95%. Existing properties: loan-to-value up to 85% at the 50-point tier and up to 95% at higher tiers.

Multi-unit mortgage loan insurance with higher loan-to-value or loan-to-cost, longer amortization and lower premiums for projects earning points for affordability, energy efficiency and accessibility.

Open the official page ↗
28
Worth a look

How to apply

Loading…

Who qualifies

Multi-unit rental projects, new construction or existing: standard rental buildings, single room occupancies, supportive housing and retirement homes (student housing only qualifies via energy efficiency and accessibility). Minimum 5 units (50 units/beds for retirement homes). Non-residential space must not exceed 30% of gross floor area or 30% of total lending value. Must not be subject to a prohibition under the Prohibition on the Purchase of Residential Property by Non-Canadians Act. Affordability commitments run a minimum of 10 years (20+ years earns 30 extra points) and must meet a median-renter-income test. Minimum DCR 1.10 for standard rental housing, 1.20 for other shelter models, 1.4 for non-residential space.

CorporationNon-profit

Good to know

  • Funding: Insurance product, not a grant. Points come from affordability (50/70/100), energy efficiency (20/35/50) and accessibility (20/30). Premium rates are in CMHC's separate fees-and-premiums PDF, not on the page. The page table is flattened, so the LTV tier mapping for existing properties should be confirmed with CMHC.
  • Notes: Earlier note that the 5-unit minimum and 30% non-residential limit were not on the page is wrong; both are on the page as of 2026-10-09. Delivered through NHA approved lenders.

Evidence from the official page

  • eligibility“To be eligible your project must have a minimum of 5 units except for retirement homes where a minimum of 50 units/beds is required.” source ↗
  • eligibility“Non-residential space must not exceed 30% of the gross floor area or 30% of total lending value.” source ↗
  • amount“Up to 50 years” source ↗
  • status“MLI Select came into effect as of March 7, 2022, and has replaced our previous MLI Flex product.” source ↗

Verified 2026-10-09 · High confidence. Always confirm on the official page before applying.