CMHC MLI Select · Standard rental

See how your rental project sizes up.

Connect program points, leverage and debt coverage in one place. Understand the loan, insurance premium and cash your project may need.

Estimated base loan$19,000,000View full results ↓

Your rental project

New construction (uncheck for an existing property)

Eligible project cost ($)

Annual stabilized NOI ($)After operating expenses and vacancy; before debt service.

Total rental units

Affordable unitsRent must meet CMHC’s market-specific threshold.

Affordability commitment (years)

Energy improvement vs NECB Tier 1 (%)Use a qualified energy professional’s assessment.

Accessibility commitments

All units meet CMHC visitability requirementsCommon areas are barrier-free

Accessible units (%)

Universal design units (%)

Financing assumptions

Quoted fixed rate (%)4.5% is an example, not a retail rate or commercial quote.

Requested amortization (years)

Minimum debt coverage (x)Standard rental floor 1.10x; lender requirements may be higher.

Other closing costs / reserves ($)

Add the insurance premium to the mortgage

Estimated base loan

$19,000,000

Leverage limits this scenario. Base loan excludes insurance; financed premiums are included in the payment and DCR below.

Points / qualifying tier: 100 / 100
Points: affordability / energy / access: 100 / 20 / 20
Amortization used / tier maximum: 50 years / 50
Base loan leverage limit (95%): $19,000,000
DCR capacity, including financed premium: $21,824,604
Insurance premium (5.775%): $1,097,250
Total mortgage debt: $20,097,250
Cash required: $1,050,000
Monthly debt service: $83,714
Debt coverage: 1.19x
Annual cash flow, before tax: $195,433

What changes the loan?

At +1 percentage point in rate: $17,736,577 base loan.
At 10% lower NOI: $18,569,741 base loan.

Planning estimate. Lender valuation, stabilized NOI, affordability covenants, energy/accessibility evidence and other underwriting can reduce proceeds or increase required cash.

Assumptions, sources & limitations

Planning estimate for standard residential rental projects with at least 5 units. Canadian semi-annual fixed compounding and monthly payments. Annual stabilized NOI is before debt service; lender underwriting can adjust it. Base loan is limited by leverage and DCR; financed insurance premiums consume DCR capacity. Premium includes standard rental base and amortization surcharge, less MLI Select discount. Excludes taxes on premiums, application fees, construction interest/reserves, non-residential and other-shelter surcharges. New construction uses eligible cost; existing uses lender/CMHC accepted value. Maximums are subject to CMHC and lender approval, not commitments. Rules checked 2026-10-20; premium grid effective 2025-07-14.

Points are indicative commitments, not a certification. This version supports the NECB Tier 1 energy path and accessible/universal unit criteria. It does not assess RHFAC certification or the alternative NBC energy path; use the dedicated points tool and an advisor for those cases.

Cash required = cost/value − base loan + entered closing costs + cash-paid premium. Taxes on premiums cannot be inferred from this model; include applicable taxes in closing costs. Sensitivity holds points, value, costs and rate constant unless stated otherwise.

CMHC MLI Select criteria · CMHC premiums and fees

A clearer decision starts with the details.

Have an advisor review your quotes and the assumptions behind this estimate.