01Size the deal

CMHC MLI Select in Canada

By Capitalor Data DeskUpdated 2026-09-23Editorial policyReport an error

Data status — Last Bank of Canada GoC 5-year observation on file: 3.60% on 2026-10-07. Last recorded data pipeline run: 2026-10-08. Lender counts, cap rates and deal sizes are not published until they have dated, verifiable support.

Capitalor facts

Insured multi-residential financing priced off CMHC point-scored criteria.
Illustrative structure: 85% LTV, 40-year amortization, 10-year term, 1.10x coverage floor.
Scenario rate 4.50%: GoC 5-yr 3.60% (as of 2026-10-07) + 90 bps illustrative spread = 4.50%. Not a lender or program rate.

About these terms
CMHC sets MLI Select eligibility, maximum loan-to-value, amortization and premium schedules. The leverage, amortization and coverage inputs used here are illustrative scenario settings, not CMHC's published terms — confirm current criteria in CMHC's own documentation before relying on them.

Scenario rate

4.50%

Hypothetical

Illustrative LTV

85%

Coverage floor

1.10x

Term

10 yr

Capitalor scenario model · Page revised 2026-09-23 · Maintained by Capitalor Data Desk

Scope: CMHC MLI Select · tier 1 · 134 market guides

Inputs: GoC 5-yr 3.60% (as of 2026-10-07) + 90 bps illustrative spread = 4.50% · hypothetical $5,000,000 value, $300,000 NOI

02Stress the debt

DSCR calculator

Hypothetical CMHC MLI Select scenario — enter your own numbers

Net operating income

Loan amount

Rate %

Amortization (yrs)

Target DSCR

Annual debt service

$229,277

DSCR

1.31x

Within Capitalor DSCR Stress Band

Max loan at 1.10x

$5,055,416

LTV calculator

Hypothetical CMHC MLI Select scenario — enter your own numbers

Property value

Loan amount

Lender max LTV %

Current LTV

85.0%

Inside lender band

Max loan at cap

$4,250,000

Equity required

$750,000

04Choose city

CMHC MLI Select by market

Each market page runs the same hypothetical scenario with local census context. Capitalor does not publish verified local rates, lender counts or deal sizes.

134 rows

CMHC MLI Select market guides

CMHC MLI Select in Toronto	ON	1	2,794,356
CMHC MLI Select in Montreal	QC	1	1,762,949
CMHC MLI Select in Calgary	AB	1	1,306,784
CMHC MLI Select in Ottawa	ON	1	1,017,449
CMHC MLI Select in Edmonton	AB	1	1,010,899
CMHC MLI Select in Winnipeg	MB	1	749,607
CMHC MLI Select in Mississauga	ON	1	717,961
CMHC MLI Select in Vancouver	BC	1	662,248
CMHC MLI Select in Brampton	ON	1	656,480
CMHC MLI Select in Hamilton	ON	1	569,353
CMHC MLI Select in Surrey	BC	1	568,322
CMHC MLI Select in Quebec City	QC	1	549,459
CMHC MLI Select in Halifax	NS	2	439,819
CMHC MLI Select in Laval	QC	2	438,366
CMHC MLI Select in London	ON	2	422,324
CMHC MLI Select in Victoria	BC	2	397,237
CMHC MLI Select in Markham	ON	2	338,503
CMHC MLI Select in Vaughan	ON	2	323,103
CMHC MLI Select in Saskatoon	SK	2	317,480
CMHC MLI Select in Gatineau	QC	2	291,041
CMHC MLI Select in Kitchener	ON	2	256,885
CMHC MLI Select in Longueuil	QC	2	254,483
CMHC MLI Select in Regina	SK	2	249,217
CMHC MLI Select in Burnaby	BC	2	249,125
CMHC MLI Select in Windsor	ON	2	229,660
CMHC MLI Select in Oakville	ON	3	213,759
CMHC MLI Select in Richmond	BC	3	209,937
CMHC MLI Select in Richmond Hill	ON	3	202,022
CMHC MLI Select in Burlington	ON	3	186,948
CMHC MLI Select in Oshawa	ON	2	175,383
CMHC MLI Select in Sherbrooke	QC	3	172,950
CMHC MLI Select in Greater Sudbury	ON	3	166,004
CMHC MLI Select in Abbotsford	BC	3	153,524
CMHC MLI Select in Lévis	QC	3	149,683
CMHC MLI Select in Coquitlam	BC	2	148,625
CMHC MLI Select in Barrie	ON	2	147,829
CMHC MLI Select in Saguenay	QC	3	144,723
CMHC MLI Select in Kelowna	BC	3	144,576
CMHC MLI Select in Guelph	ON	3	143,740
CMHC MLI Select in Trois-Rivières	QC	3	139,163
CMHC MLI Select in Whitby	ON	3	138,501
CMHC MLI Select in Cambridge	ON	3	138,479
CMHC MLI Select in St. Catharines	ON	2	136,803
CMHC MLI Select in Milton	ON	3	132,979
CMHC MLI Select in Langley	BC	3	132,603
CMHC MLI Select in Kingston	ON	3	132,485
CMHC MLI Select in Ajax	ON	3	126,666
CMHC MLI Select in Waterloo	ON	2	121,436
CMHC MLI Select in Terrebonne	QC	2	119,944
CMHC MLI Select in St. John's	NL	3	110,525
CMHC MLI Select in Thunder Bay	ON	3	108,843
CMHC MLI Select in Delta	BC	2	108,455
CMHC MLI Select in Brantford	ON	3	104,688
CMHC MLI Select in Chatham-Kent	ON	2	103,988
CMHC MLI Select in Red Deer	AB	3	100,844
CMHC MLI Select in Nanaimo	BC	3	99,863
CMHC MLI Select in Pickering	ON	3	99,186
CMHC MLI Select in Lethbridge	AB	3	98,406
CMHC MLI Select in Saint-Jean-sur-Richelieu	QC	3	98,036
CMHC MLI Select in Kamloops	BC	3	97,902
CMHC MLI Select in Niagara Falls	ON	3	94,415
CMHC MLI Select in Chilliwack	BC	3	93,203
CMHC MLI Select in Dartmouth	NS	3	92,300
CMHC MLI Select in Brossard	QC	3	91,525
CMHC MLI Select in Maple Ridge	BC	3	90,990
CMHC MLI Select in Newmarket	ON	3	87,942
CMHC MLI Select in Repentigny	QC	3	86,216
CMHC MLI Select in Peterborough	ON	3	84,230
CMHC MLI Select in Saint-Jerome	QC	3	80,213
CMHC MLI Select in Moncton	NB	3	79,470
CMHC MLI Select in Drummondville	QC	3	79,258
CMHC MLI Select in New Westminster	BC	3	78,916
CMHC MLI Select in Charlottetown	PE	3	78,858
CMHC MLI Select in Prince George	BC	3	76,708
CMHC MLI Select in Caledon	ON	3	76,581
CMHC MLI Select in Airdrie	AB	3	74,100
CMHC MLI Select in Sault Ste. Marie	ON	3	72,051
CMHC MLI Select in Sarnia	ON	3	72,047
CMHC MLI Select in Saint John	NB	3	69,895
CMHC MLI Select in Granby	QC	3	69,025
CMHC MLI Select in St. Albert	AB	3	68,232
CMHC MLI Select in Fort McMurray	AB	3	68,002
CMHC MLI Select in Norfolk County	ON	3	67,490
CMHC MLI Select in Grande Prairie	AB	3	64,141
CMHC MLI Select in Medicine Hat	AB	3	63,271
CMHC MLI Select in Fredericton	NB	3	63,116
CMHC MLI Select in Halton Hills	ON	3	62,951
CMHC MLI Select in Port Coquitlam	BC	3	61,498
CMHC MLI Select in North Vancouver	BC	3	58,120
CMHC MLI Select in Welland	ON	3	55,750
CMHC MLI Select in Belleville	ON	3	55,071
CMHC MLI Select in North Bay	ON	3	52,662
CMHC MLI Select in Brandon	MB	3	51,313
CMHC MLI Select in Shawinigan	QC	3	49,620
CMHC MLI Select in Rimouski	QC	3	48,664
CMHC MLI Select in Cornwall	ON	3	47,845
CMHC MLI Select in Victoriaville	QC	3	47,523
CMHC MLI Select in Woodstock	ON	3	46,705
CMHC MLI Select in Vernon	BC	3	44,519
CMHC MLI Select in Bradford West Gwillimbury	ON	3	42,880
CMHC MLI Select in Rouyn-Noranda	QC	3	42,313
CMHC MLI Select in Salaberry-de-Valleyfield	QC	3	41,250
CMHC MLI Select in Timmins	ON	3	41,145
CMHC MLI Select in Prince Albert	SK	3	37,756
CMHC MLI Select in Spruce Grove	AB	3	37,645
CMHC MLI Select in Penticton	BC	3	36,885
CMHC MLI Select in West Kelowna	BC	3	36,078
CMHC MLI Select in Campbell River	BC	3	35,519
CMHC MLI Select in Leduc	AB	3	34,094
CMHC MLI Select in Moose Jaw	SK	3	33,665
CMHC MLI Select in Orillia	ON	3	33,411
CMHC MLI Select in Stratford	ON	3	33,232
CMHC MLI Select in Val-d'Or	QC	3	32,752
CMHC MLI Select in Cochrane	AB	3	32,199
CMHC MLI Select in Whitehorse	YT	3	31,913
CMHC MLI Select in Okotoks	AB	3	30,405
CMHC MLI Select in Sydney	NS	3	29,904
CMHC MLI Select in Courtenay	BC	3	28,420
CMHC MLI Select in Dieppe	NB	3	28,114
CMHC MLI Select in Fort Saskatchewan	AB	3	27,088
CMHC MLI Select in Sept-Iles	QC	3	25,062
CMHC MLI Select in Mount Pearl	NL	3	22,957
CMHC MLI Select in Owen Sound	ON	3	21,612
CMHC MLI Select in Cranbrook	BC	3	20,499
CMHC MLI Select in Yellowknife	NT	3	20,340
CMHC MLI Select in Corner Brook	NL	3	19,333
CMHC MLI Select in Steinbach	MB	3	17,806
CMHC MLI Select in Miramichi	NB	3	17,537
CMHC MLI Select in Swift Current	SK	3	16,750
CMHC MLI Select in Summerside	PE	3	16,001
CMHC MLI Select in Winkler	MB	3	13,745
CMHC MLI Select in Truro	NS	3	12,954
CMHC MLI Select in Bathurst	NB	3	12,157
CMHC MLI Select in Iqaluit	NU	3	7,429

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ActQuestions

What rate does cmhc mli select carry today?

Capitalor does not publish a current lender rate. Its scenario uses GoC 5-yr 3.60% (as of 2026-10-07) + 90 bps illustrative spread = 4.50%. Get real quotes for your file.

What would cmhc mli select cost to service per $1M in the scenario?

$53,948 a year at the 4.50% scenario rate over 40 years. Servicing cost only — premiums, fees and prepayment terms sit outside it.

How much equity would the illustrative structure need?

At an illustrative 85% LTV the sponsor funds the remaining 15% plus closing costs. Actual maximum leverage is set by the lender or program.

Are these official terms?

CMHC sets MLI Select eligibility, maximum loan-to-value, amortization and premium schedules. The leverage, amortization and coverage inputs used here are illustrative scenario settings, not CMHC's published terms — confirm current criteria in CMHC's own documentation before relying on them.

Sources

[1] Bank of Canada Valet API — GoC 5-year, last observation on file 2026-10-07
[2] CMHC — MLI Select (primary documentation) — official criteria; not reproduced here

How Capitalor computes these numbers

Not advice — Capitalor is a data publisher. We do not originate, broker, arrange, or place debt, and nothing here is an offer of credit, a quote, or financial advice. Figures are indicative benchmarks for comparison and must be confirmed with a licensed lender or mortgage professional before you rely on them. About Capitalor