CapitalorDebt estimate

01Size the deal

Multi-Residential Financing in Canada

By Capitalor Data DeskUpdated Reviewed Editorial policyReport an error

Capitalor facts

  • The Capitalor Commercial Debt Rate Index places multi-residential financing at 4.75% indicative, a 160 bps spread over the Government of Canada 5-year benchmark.
  • Typical structure: 75% LTV, 30-year amortization, 5-year term.
  • The Capitalor DSCR Stress Band for this product starts at 1.20x coverage.

Indicative rate

4.75%

Typical LTV

75%

DSCR floor

1.20x

Term

5 yr

Capitalor Commercial Debt Rate Index · Last updated 2026-08-14 · Maintained by Capitalor Data Desk

Scope: Multi-Residential Financing · tier 2 · 33 markets published

Inputs: GoC 5-yr benchmark + 160 bps · 75% LTV · 1.20x DSCR · 30-yr amortization

Next scheduled review: 2026-09-14

Conventional apartment debt for owners outside insured programs.

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.
How Capitalor computes these numbers

02Stress the debt

DSCR calculator

Preset to Multi-Residential Financing

Annual debt service

$281,690

DSCR

1.49x

Within Capitalor DSCR Stress Band

Max loan at 1.20x

$5,591,261

LTV calculator

Preset to Multi-Residential Financing

Current LTV

69.2%

Inside lender band

Max loan at cap

$4,875,000

Equity required

$1,625,000

04Choose city

Multi-Residential Financing by market

Debt service is computed on the market's average transaction at 75% LTV and 4.75% over 30 years.

33 rows
Multi-Residential Financing priced by Canadian market
Multi-Residential Financing in Toronto11005.1%$8,600,000$6,450,000$403,755
Multi-Residential Financing in Montreal11005.4%$6,100,000$4,575,000$286,384
Multi-Residential Financing in Vancouver11004.4%$9,800,000$7,350,000$460,093
Multi-Residential Financing in Calgary11006.2%$5,400,000$4,050,000$253,521
Multi-Residential Financing in Edmonton11006.6%$4,300,000$3,225,000$201,878
Multi-Residential Financing in Ottawa11005.6%$5,200,000$3,900,000$244,131
Multi-Residential Financing in Winnipeg11006.4%$3,600,000$2,700,000$169,014
Multi-Residential Financing in Quebec City11006.0%$3,400,000$2,550,000$159,624
Multi-Residential Financing in Hamilton11005.7%$4,100,000$3,075,000$192,488
Multi-Residential Financing in Mississauga11005.2%$6,800,000$5,100,000$319,248
Multi-Residential Financing in Brampton11005.4%$5,100,000$3,825,000$239,436
Multi-Residential Financing in Surrey11004.9%$5,900,000$4,425,000$276,995
Multi-Residential Financing in Halifax21005.8%$3,900,000$2,925,000$183,098
Multi-Residential Financing in London21006.1%$3,200,000$2,400,000$150,234
Multi-Residential Financing in Victoria21004.8%$4,600,000$3,450,000$215,962
Multi-Residential Financing in Kitchener21005.9%$3,500,000$2,625,000$164,319
Multi-Residential Financing in Burnaby21004.6%$7,200,000$5,400,000$338,027
Multi-Residential Financing in Saskatoon21006.7%$2,900,000$2,175,000$136,150
Multi-Residential Financing in Regina21006.9%$2,600,000$1,950,000$122,065
Multi-Residential Financing in Windsor21006.5%$2,700,000$2,025,000$126,760
Multi-Residential Financing in Laval21005.6%$4,200,000$3,150,000$197,183
Multi-Residential Financing in Gatineau21006.0%$3,100,000$2,325,000$145,540
Multi-Residential Financing in Vaughan21005.2%$6,200,000$4,650,000$291,079
Multi-Residential Financing in Markham21005.1%$5,900,000$4,425,000$276,995
Multi-Residential Financing in Oshawa21006.0%$3,100,000$2,325,000$145,540
Multi-Residential Financing in Barrie21006.1%$2,900,000$2,175,000$136,150
Multi-Residential Financing in St. Catharines21006.3%$2,600,000$1,950,000$122,065
Multi-Residential Financing in Longueuil21005.8%$3,300,000$2,475,000$154,929
Multi-Residential Financing in Coquitlam21004.8%$5,200,000$3,900,000$244,131
Multi-Residential Financing in Terrebonne21006.1%$2,100,000$1,575,000$98,591
Multi-Residential Financing in Waterloo21005.8%$2,500,000$1,875,000$117,371
Multi-Residential Financing in Chatham-Kent21007.0%$2,300,000$1,725,000$107,981
Multi-Residential Financing in Delta21005.0%$2,900,000$2,175,000$136,150

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ActQuestions

What rate does multi-residential financing carry today?

The Capitalor Commercial Debt Rate Index shows 4.75% indicative, a 160 bps spread over the GoC 5-year benchmark.

What does multi-residential financing cost to service per $1M borrowed?

$62,598 a year at 4.75% over 30 years. That is servicing cost only — premiums, fees, and prepayment terms sit outside it.

How much equity will a lender expect?

At 75% LTV the sponsor funds the remaining 25% plus closing costs.

Which coverage ratio clears credit?

1.20x is the floor in the Capitalor DSCR Stress Band for this product. Below it, proceeds are cut until coverage clears rather than the file being repriced.

In how many Canadian markets does Capitalor publish multi-residential financing data?

33. Tier 2 products publish only in markets deep enough to support them, so the count is deliberately short of all 66 tracked markets.

Sources

  1. [1] Bank of Canada valet API — GoC 5-year benchmark
  2. [2] Capitalor lender term sampling — LTV, DSCR, amortization norms
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