01Size the deal
CMHC MLI Select in Kelowna, BC
Capitalor facts
- Scenario rate 4.50%: GoC 5-yr 3.60% (as of 2026-10-07) + 90 bps illustrative spread = 4.50%. Not a lender quote.
- Hypothetical deal: $5,000,000 value, 6.0% cap rate, $300,000 NOI — replace with your own.
- Kelowna population: 144,576 (2021 Census). No verified local lender count, cap rate or deal size is published.
Scenario rate
4.50%
Hypothetical
Illustrative LTV
85%
Coverage floor
1.10x
Scenario coverage
1.31x
Capitalor scenario model (published formulas, hypothetical inputs) · Page revised 2026-09-23 · Maintained by Capitalor Data Desk
Scope: CMHC MLI Select · Kelowna, BC
Inputs: GoC 5-yr 3.60% (as of 2026-10-07) + 90 bps illustrative spread = 4.50%
Insured multi-residential financing priced off CMHC point-scored criteria. Capitalor does not publish a lender rate for cmhc mli select in Kelowna. The scenario on this page starts from the GoC 5-year benchmark of 3.60% observed on 2026-10-07 plus an illustrative 90 bps spread, giving a 4.50% scenario rate. Replace it with a real quote as soon as you have one.
On a hypothetical $5,000,000 property at a hypothetical 6.0% cap rate ($300,000 NOI), a 85% advance is $4,250,000 and costs $229,277 a year at 4.50% over 40 years — 1.31x coverage. The 1.10x floor caps the loan at $5,055,416, so leverage binds first in this scenario.
Coverage falls to the 1.10x floor at about 5.78% — 1.28% of headroom above the 4.50% scenario rate.
Kelowna, BC had a population of 144,576 in the Statistics Canada 2021 Census. Capitalor does not currently hold a verified local lender count, cap rate, or transaction average for Kelowna, so none is shown. Enter your own property value, NOI and quote into the calculators below.
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.
What would cmhc mli select cost on a hypothetical Kelowna deal?
At the 4.50% scenario rate, $4,250,000 of proceeds on a $5,000,000 property, costing $229,277 a year at a 85% advance. Coverage falls to the 1.10x floor at about 5.78% — 1.28% of headroom above the 4.50% scenario rate.
02Stress the debt
192 observations from 2026-01-02 to 2026-10-07. Net move +0.60 percentage points. Capitalor never deletes an observation.
Loan and NOI held constant. Where the curve crosses the floor line is the rate at which this deal stops covering its debt service.
DSCR calculator
Hypothetical CMHC MLI Select scenario — enter your Kelowna numbers
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 Kelowna numbers
Current LTV
85.0%
Inside lender band
Max loan at cap
$4,250,000
Equity required
$750,000
05Decide
Debt scope builder
Step 1 of 4 · Asset
04Choose city
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ActQuestions
What rate will I get on cmhc mli select in Kelowna?
Capitalor does not know and does not publish one. The 4.50% on this page is a scenario: GoC 5-yr 3.60% (as of 2026-10-07) + 90 bps illustrative spread = 4.50%. Actual quotes depend on the lender, asset, covenant and sponsor.
How large a loan does the hypothetical scenario support?
$4,250,000. Leverage allows $4,250,000 (85% of $5,000,000); coverage allows $5,055,416 on $300,000 NOI at a 1.10x floor. The lower number binds.
What is the annual debt service?
$229,277 per year ($19,106 monthly) on $4,250,000 at 4.50% over 40 years.
How much rate headroom is there before coverage breaks?
Coverage falls to the 1.10x floor at about 5.78% — 1.28% of headroom above the 4.50% scenario rate.
How many lenders write this product in Kelowna?
Capitalor does not publish a count. Its lender register is a national list of firms, not a verified local census, so it cannot support a Kelowna-specific number.
Are these official program 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.
How current is the benchmark?
The last Bank of Canada observation on file is 2026-10-07.
Can I export my own numbers?
Yes. The debt scope builder on this page exports a term-sheet-ready PDF from your own inputs. No email, no account, no gate.
Sources
- [1] Bank of Canada — benchmark rate series — Government of Canada 5-year benchmark bond yield, last observation on file 2026-10-07
- [2] Statistics Canada — 2021 Census of Population — Kelowna population
- [3] CMHC — MLI Select (primary program documentation) — official eligibility and terms; not reproduced here
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