01Size the deal
CMHC MLI Select in Niagara Falls, ON
Capitalor facts
- The Capitalor Commercial Debt Rate Index prices cmhc mli select in Niagara Falls at 4.05% indicative.
- Niagara Falls scores 100 on the Capitalor Lender Density Score with 10 tracked lenders and brokers.
- The average Niagara Falls commercial transaction of $2,100,000 supports roughly $1,785,000 of senior debt at 85% LTV.
Indicative rate
4.05%
Lender density
100
Avg deal size
$2,100,000
Cap rate seed
6.3%
Capitalor Commercial Debt Rate Index · Last updated 2026-08-12 · Maintained by Capitalor Data Desk
Scope: CMHC MLI Select · Niagara Falls, ON · Tier 3 market
Inputs: Benchmark + 90 bps spread, 10-lender census, 6.3% cap-rate seed
Next scheduled review: 2026-09-14
cmhc mli select in Niagara Falls prices off the Government of Canada 5-year benchmark bond yield plus a 90 bps cmhc mli select spread, landing at 4.05% indicative. Insured multi-residential financing priced off CMHC point-scored criteria. On the $2,100,000 average Niagara Falls transaction, a 85% advance is $1,785,000, carrying $90,190 of annual debt service on a 40-year amortization and a 10-year term.
Leverage binds before coverage here. The wide 6.3% cap rate produces roughly $132,300 of NOI, enough for $2,380,393 at a 1.10x floor — about $595,393 above what the 85% LTV cap will advance. The deal is sized by value, so the appraisal, not the rent roll, is the document to get right first.
Niagara Falls scores 100 on the Capitalor Lender Density Score — a deep market, with 10 tracked lenders and brokers against 2,500 commercial buildings. Expect competitive tension on well-covenanted paper: quote at least three lenders before accepting a spread.
Stress the file before a lender does. Holding the $1,785,000 loan constant, coverage falls to the 1.10x floor at roughly 6.16% — 2.11% of headroom above today's indicative rate. That headroom, not the headline rate, is what determines whether this Niagara Falls deal survives renewal.
How these figures were produced
- Observed — Recorded directly from the cited source series, unadjusted.
- Modelled — Derived arithmetically from observed inputs using the published method; not a market quote.
- Baseline seed — A documented starting estimate awaiting first observation. Treat as an order-of-magnitude figure only.
Benchmark: GoC 5-year at 4.45% — observed from the Bank of Canada Valet API on 2026-08-12. Spread, LTV and DSCR figures on this page are modelled from that benchmark.
What does cmhc mli select cost in Niagara Falls?
Indicative pricing sits at 4.05% with a 1.10x coverage floor and 85% LTV cap. On the $2,100,000 average Niagara Falls deal that is $1,785,000 of proceeds, bound by leverage, at $90,190 of annual debt service.
02Stress the debt
10 observations from 2026-06-10 to 2026-08-12. Net move +0.00 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
Preset to CMHC MLI Select, Niagara Falls
Annual debt service
$90,190
DSCR
1.47x
Within Capitalor DSCR Stress Band
Max loan at 1.10x
$2,380,393
LTV calculator
Preset to CMHC MLI Select, Niagara Falls
Current LTV
85.0%
Inside lender band
Max loan at cap
$1,785,000
Equity required
$315,000
03Compare lenders
Capitalor Lender Density Score — Niagara Falls
Active commercial lenders and brokers per 10,000 commercial buildings, indexed 0–100.
- Lenders tracked
- 10
- Baseline seed
- Commercial buildings
- 2,500
05Decide
Debt scope builder
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04Choose city
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ActQuestions
What rate should I expect on cmhc mli select in Niagara Falls?
4.05% indicative — the Government of Canada 5-year benchmark bond yield plus a 90 bps cmhc mli select spread. Individual quotes move with covenant strength, asset quality, and sponsor track record, and Niagara Falls's deep lender market widens or narrows that dispersion.
How large a loan does a typical Niagara Falls deal support?
On the $2,100,000 average transaction, a 85% advance is $1,785,000. Coverage separately caps the loan at $2,380,393 using $132,300 of NOI against a 1.10x floor, so the binding number is $1,785,000.
Does coverage or leverage bind first on this product in Niagara Falls?
Leverage. NOI supports about $2,380,393, more than the 85% LTV cap will advance, so proceeds are set by the appraisal rather than the rent roll.
Why is the coverage floor only 1.10x?
Insurance or structural credit support lets cmhc mli select clear at a lower coverage floor than conventional term debt. It buys proceeds, not safety: at 4.05% the deal still breaks coverage near 6.16%.
What is the annual debt service at that loan amount?
$90,190 per year — $7,516 monthly on a 40-year amortization at 4.05%, against a 10-year term.
Why is the amortization 40 years?
CMHC MLI Select carries an extended amortization, which lowers annual debt service to $90,190 and lifts coverage to 1.47x at a 85% advance. The trade is a slower principal burn-down and a larger balance at the 10-year renewal.
How much rate headroom is there before the deal breaks coverage?
Roughly 2.11%. Holding the loan and NOI constant, coverage reaches the 1.10x floor at about 6.16% — the number that matters at renewal.
How many lenders write this product in Niagara Falls?
Capitalor tracks 10 active lenders and brokers in Niagara Falls, a Lender Density Score of 100 against 2,500 commercial buildings — a deep market.
Is this pricing a quote?
No. It is an index benchmark published for comparison, not an offer of credit. Capitalor does not originate, broker, or place debt.
How often does this page change?
Benchmark rate observations refresh each business day; the lender census refreshes monthly; cap-rate and transaction seeds refresh quarterly. Nothing is deleted from the series — revisions are appended so prior observations stay auditable.
Can I export these 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 and policy rate; refreshed each business day
- [2] Statistics Canada — census of population — Niagara Falls population base (94,415)
- [3] Capitalor lender census — 10 lenders and brokers observed writing in Niagara Falls; refreshed monthly
- [4] Capitalor transaction sampling — Niagara Falls average deal size $2,100,000 and 6.3% cap-rate seed
- [5] Capitalor Commercial Debt Rate Index — CMHC MLI Select spread of 90 bps over the 5-year benchmark
- [6] CMHC — MLI Select — point-scored affordability, energy, and accessibility criteria
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