{"site":"https://kscashflow.com","description":"CMHC MLI Select and Alberta figures published on KS Cashflow, each with its official source.","checked":"2026-10-15","note":"General education, not advice. CMHC rules change; confirm with an NHA Approved Lender or CMHC.","facts":[{"id":"purpose","text":"MLI Select is CMHC multi-unit mortgage loan insurance that uses a point system to offer insurance incentives based on affordability, energy efficiency and accessibility, for new construction and existing properties.","value":"Point system","sourceUrl":"https://www.cmhc-schl.gc.ca/professionals/project-funding-and-mortgage-financing/mortgage-loan-insurance/multi-unit-insurance/mliselect","sourceLabel":"CMHC MLI Select page","asOf":"2026-10-15"},{"id":"minPoints","text":"A project needs a minimum of 50 points to qualify for MLI Select.","value":"50 points","sourceUrl":"https://assets.cmhc-schl.gc.ca/sites/cmhc/professional/project-funding-and-mortgage-financing/mortgage-loan-insurance/multi-unit-insurance/mliselect/mli-select.pdf","sourceLabel":"CMHC MLI Select fact sheet","asOf":"2026-10-15"},{"id":"minUnits","text":"Projects need at least 5 units, except retirement homes, which need at least 50 units or beds.","value":"5 units; 50 for retirement homes","sourceUrl":"https://www.cmhc-schl.gc.ca/professionals/project-funding-and-mortgage-financing/mortgage-loan-insurance/multi-unit-insurance/mliselect","sourceLabel":"CMHC MLI Select page","asOf":"2026-10-15"},{"id":"types","text":"Eligible: standard rental buildings, single room occupancies (SRO), supportive housing and retirement homes. Student housing qualifies only under energy efficiency and accessibility.","value":"Standard rental, SRO, supportive, retirement","sourceUrl":"https://www.cmhc-schl.gc.ca/professionals/project-funding-and-mortgage-financing/mortgage-loan-insurance/multi-unit-insurance/mliselect","sourceLabel":"CMHC MLI Select page","asOf":"2026-10-15"},{"id":"nonRes","text":"Non-residential space must not exceed 30% of the gross floor area or 30% of total lending value.","value":"30%","sourceUrl":"https://www.cmhc-schl.gc.ca/professionals/project-funding-and-mortgage-financing/mortgage-loan-insurance/multi-unit-insurance/mliselect","sourceLabel":"CMHC MLI Select page","asOf":"2026-10-15"},{"id":"nonCanadians","text":"The project must not be subject to any prohibition under the Prohibition on the Purchase of Residential Property by Non-Canadians Act.","value":"Federal Act applies","sourceUrl":"https://www.cmhc-schl.gc.ca/professionals/project-funding-and-mortgage-financing/mortgage-loan-insurance/multi-unit-insurance/mliselect","sourceLabel":"CMHC MLI Select page","asOf":"2026-10-15"},{"id":"replacedFlex","text":"MLI Select came into effect on March 7, 2022, replacing MLI Flex.","value":"March 7, 2022","sourceUrl":"https://www.cmhc-schl.gc.ca/professionals/project-funding-and-mortgage-financing/mortgage-loan-insurance/multi-unit-insurance/mliselect","sourceLabel":"CMHC MLI Select page","asOf":"2026-10-15"},{"id":"modular","text":"Modular construction is eligible for all CMHC multi-unit products, including MLI Select.","value":"May 7, 2026","sourceUrl":"https://www.cmhc-schl.gc.ca/media-newsroom/news-releases/2026/cmhc-expands-mortgage-insurance-support-prefab-modular-construction","sourceLabel":"CMHC news release, modular","asOf":"2026-10-15"},{"id":"affordPeriod","text":"Affordability commitments run for at least 10 years; a commitment of 20 years or more earns an additional 30 points.","value":"10 years; +30 points for 20+","sourceUrl":"https://www.cmhc-schl.gc.ca/professionals/project-funding-and-mortgage-financing/mortgage-loan-insurance/multi-unit-insurance/mliselect","sourceLabel":"CMHC MLI Select page","asOf":"2026-10-15"},{"id":"affordStart","text":"The affordability period starts at first occupancy for new construction or major renovation, and at the interest adjustment date for existing buildings.","value":"First occupancy / interest adjustment date","sourceUrl":"https://assets.cmhc-schl.gc.ca/sites/cmhc/professional/project-funding-and-mortgage-financing/mortgage-loan-insurance/multi-unit-insurance/mliselect/mli-select.pdf","sourceLabel":"CMHC MLI Select fact sheet","asOf":"2026-10-15"},{"id":"visitable","text":"At every accessibility level, all units must be 100% visitable and common areas barrier-free under CSA B651:23.","value":"100% visitable","sourceUrl":"https://www.cmhc-schl.gc.ca/professionals/project-funding-and-mortgage-financing/mortgage-loan-insurance/multi-unit-insurance/mliselect","sourceLabel":"CMHC MLI Select page","asOf":"2026-10-15"},{"id":"dcr","text":"Minimum debt coverage ratio (DCR): 1.10 for standard rental housing, 1.20 for other shelter models, 1.40 for non-residential space.","value":"1.10 / 1.20 / 1.40","sourceUrl":"https://www.cmhc-schl.gc.ca/professionals/project-funding-and-mortgage-financing/mortgage-loan-insurance/multi-unit-insurance/mliselect","sourceLabel":"CMHC MLI Select page","asOf":"2026-10-15"},{"id":"amortCap","text":"The maximum amortization is the tier’s number of years or the remaining economic life, whichever is less.","value":"Lesser of tier maximum or economic life","sourceUrl":"https://assets.cmhc-schl.gc.ca/sites/cmhc/professional/project-funding-and-mortgage-financing/mortgage-loan-insurance/multi-unit-insurance/mliselect/mli-select.pdf","sourceLabel":"CMHC MLI Select fact sheet","asOf":"2026-10-15"},{"id":"netWorth","text":"Borrowers need a net worth of at least 25% of the loan amount requested, minimum $100,000; CMHC may permit flexibility at 100 points or more.","value":"25% of loan; min. $100,000","sourceUrl":"https://assets.cmhc-schl.gc.ca/sites/cmhc/professional/project-funding-and-mortgage-financing/mortgage-loan-insurance/multi-unit-insurance/mliselect/mli-select.pdf","sourceLabel":"CMHC MLI Select fact sheet","asOf":"2026-10-15"},{"id":"experience","text":"Borrowers need at least five years of experience managing similar multi-unit properties, or a contract with a professional third-party property manager.","value":"5 years","sourceUrl":"https://assets.cmhc-schl.gc.ca/sites/cmhc/professional/project-funding-and-mortgage-financing/mortgage-loan-insurance/multi-unit-insurance/mliselect/mli-select.pdf","sourceLabel":"CMHC MLI Select fact sheet","asOf":"2026-10-15"},{"id":"guaranteeNew","text":"Construction or completion take-out financing: the borrower and guarantor guarantee 100% of the outstanding amount until projected rents are achieved and stabilized for 12 consecutive months; it may then be reduced to 40%.","value":"100%, then 40%","sourceUrl":"https://assets.cmhc-schl.gc.ca/sites/cmhc/professional/project-funding-and-mortgage-financing/mortgage-loan-insurance/multi-unit-insurance/mliselect/mli-select.pdf","sourceLabel":"CMHC MLI Select fact sheet","asOf":"2026-10-15"},{"id":"guaranteeExisting","text":"Purchase or refinance of an existing property: the guarantee is 40% of the outstanding loan amount.","value":"40%","sourceUrl":"https://assets.cmhc-schl.gc.ca/sites/cmhc/professional/project-funding-and-mortgage-financing/mortgage-loan-insurance/multi-unit-insurance/mliselect/mli-select.pdf","sourceLabel":"CMHC MLI Select fact sheet","asOf":"2026-10-15"},{"id":"holdback","text":"For new construction, a rental achievement holdback may apply.","value":"May apply","sourceUrl":"https://assets.cmhc-schl.gc.ca/sites/cmhc/professional/project-funding-and-mortgage-financing/mortgage-loan-insurance/multi-unit-insurance/mliselect/mli-select.pdf","sourceLabel":"CMHC MLI Select fact sheet","asOf":"2026-10-15"},{"id":"rate","text":"Interest rate: fixed, or floating with a ceiling rate. CMHC does not set the rate; the lender does.","value":"Fixed or floating with ceiling","sourceUrl":"https://assets.cmhc-schl.gc.ca/sites/cmhc/professional/project-funding-and-mortgage-financing/mortgage-loan-insurance/multi-unit-insurance/mliselect/mli-select.pdf","sourceLabel":"CMHC MLI Select fact sheet","asOf":"2026-10-15"},{"id":"reserve","text":"Replacement reserve is discretionary under MLI Select.","value":"Discretionary","sourceUrl":"https://assets.cmhc-schl.gc.ca/sites/cmhc/professional/project-funding-and-mortgage-financing/mortgage-loan-insurance/multi-unit-insurance/mliselect/mli-select.pdf","sourceLabel":"CMHC MLI Select fact sheet","asOf":"2026-10-15"},{"id":"premiumNature","text":"The premium is an up-front charge, a percentage of the loan; it may be added to the mortgage and is non-refundable. Provincial tax cannot be added to the insured loan amount.","value":"Non-refundable","sourceUrl":"https://assets.cmhc-schl.gc.ca/sites/cmhc/professional/project-funding-and-mortgage-financing/mortgage-loan-insurance/multi-unit-insurance/mliselect/mli-select-multi-unit-fees-and-premiums-at-a-glance-en.pdf","sourceLabel":"CMHC fees and premiums","asOf":"2026-10-15"},{"id":"surchargeAmort","text":"Extended amortization surcharge: 0.25% for every five-year period beyond the 25-year standard.","value":"0.25% per 5 years","sourceUrl":"https://assets.cmhc-schl.gc.ca/sites/cmhc/professional/project-funding-and-mortgage-financing/mortgage-loan-insurance/multi-unit-insurance/mliselect/mli-select-multi-unit-fees-and-premiums-at-a-glance-en.pdf","sourceLabel":"CMHC fees and premiums","asOf":"2026-10-15"},{"id":"surchargeOther","text":"Other surcharges: 1.00% on the non-residential portion of the loan; 0.50% for second mortgages; 0.25% where effective gross income is not met at first advance (not for construction financing).","value":"1.00% / 0.50% / 0.25%","sourceUrl":"https://assets.cmhc-schl.gc.ca/sites/cmhc/professional/project-funding-and-mortgage-financing/mortgage-loan-insurance/multi-unit-insurance/mliselect/mli-select-multi-unit-fees-and-premiums-at-a-glance-en.pdf","sourceLabel":"CMHC fees and premiums","asOf":"2026-10-15"},{"id":"discount","text":"MLI Select premium discount: 10% at 50 points, 20% at 70 points, 30% at 100 points, applied to the base premium plus any surcharges.","value":"10% / 20% / 30%","sourceUrl":"https://assets.cmhc-schl.gc.ca/sites/cmhc/professional/project-funding-and-mortgage-financing/mortgage-loan-insurance/multi-unit-insurance/mliselect/mli-select-multi-unit-fees-and-premiums-at-a-glance-en.pdf","sourceLabel":"CMHC fees and premiums","asOf":"2026-10-15"},{"id":"appFee","text":"Application fee, 5+ units: $150 per unit (up to 2 advances) or $200 per unit (more than 2 advances) for the first 100 units, then $100 per unit, to a maximum of $50,000 or $55,000 per loan; plus $350 per advance from the third advance.","value":"$150 / $200 per unit","sourceUrl":"https://assets.cmhc-schl.gc.ca/sites/cmhc/professional/project-funding-and-mortgage-financing/mortgage-loan-insurance/multi-unit-insurance/mliselect/mli-select-multi-unit-fees-and-premiums-at-a-glance-en.pdf","sourceLabel":"CMHC fees and premiums","asOf":"2026-10-15"},{"id":"premiumChange","text":"CMHC moved all multi-unit products, including MLI Select, to a standardized premium approach effective July 14, 2025.","value":"July 14, 2025","sourceUrl":"https://www.cmhc-schl.gc.ca/media-newsroom/notices/2025/cmhc-to-update-multi-unit-mortgage-loan-insurance-premiums","sourceLabel":"CMHC premium notice","asOf":"2026-10-15"},{"id":"rentRule","text":"For the whole commitment, increases on designated affordable units cannot exceed what applicable legislation permits (including binding rulings of a provincial or territorial rent authority). If none applies, increases are limited to the CPI figure CMHC publishes.","value":"Legislation, else CPI","sourceUrl":"https://www.cmhc-schl.gc.ca/professionals/project-funding-and-mortgage-financing/mortgage-loan-insurance/multi-unit-insurance/mliselect","sourceLabel":"CMHC MLI Select page","asOf":"2026-10-15"},{"id":"cpiMethod","text":"CMHC’s 2027 permitted CPI percentages are the lowest available positive CPI for each province and territory between September 2025 and August 2026.","value":"Lowest positive CPI, Sep 2025–Aug 2026","sourceUrl":"https://www.cmhc-schl.gc.ca/professionals/project-funding-and-mortgage-financing/mortgage-loan-insurance/multi-unit-insurance/mliselect","sourceLabel":"CMHC MLI Select page","asOf":"2026-10-15"},{"id":"medianIncome","text":"Affordable units rent at or below 30% of median renter income for the market, from CMHC’s workbook (2019 data, last updated March 2021).","value":"30% of median renter income","sourceUrl":"https://assets.cmhc-schl.gc.ca/sites/cmhc/professional/project-funding-and-mortgage-financing/mortgage-loan-insurance/multi-unit-insurance/mliselect/median-income-before-tax-renter-total-en.xlsx","sourceLabel":"CMHC median renter income workbook","asOf":"2026-10-15"},{"id":"coiRequest","text":"The Approved Lender applies on the borrower’s behalf with a “Request – Certificate of Insurance”.","value":"Lender applies","sourceUrl":"https://assets.cmhc-schl.gc.ca/sites/cmhc/professional/project-funding-and-mortgage-financing/mortgage-loan-insurance/multi-unit-insurance/mliselect/request-certificate-of-insurance-multi-unit.pdf","sourceLabel":"CMHC Request – Certificate of Insurance","asOf":"2026-10-15"},{"id":"coi","text":"CMHC issues a Certificate of Insurance, which carries Special Conditions the borrower must meet. The commitment letter is the lender’s document.","value":"Certificate of Insurance","sourceUrl":"https://assets.cmhc-schl.gc.ca/sites/cmhc/professional/project-funding-and-mortgage-financing/mortgage-loan-insurance/multi-unit-insurance/mliselect/mli-select-required-document-en.pdf","sourceLabel":"CMHC required documentation guide","asOf":"2026-10-15"},{"id":"attestation","text":"Annually, the borrower gives the lender a certificate of compliance supported by a copy of the rent roll.","value":"Annual attestation","sourceUrl":"https://assets.cmhc-schl.gc.ca/sites/cmhc/professional/project-funding-and-mortgage-financing/mortgage-loan-insurance/multi-unit-insurance/mliselect/mli-select-required-document-en.pdf","sourceLabel":"CMHC required documentation guide","asOf":"2026-10-15"},{"id":"energyDocs","text":"Where insured financing funds the work, energy and accessibility documentation is due within 60 days after the last advance.","value":"60 days","sourceUrl":"https://assets.cmhc-schl.gc.ca/sites/cmhc/professional/project-funding-and-mortgage-financing/mortgage-loan-insurance/multi-unit-insurance/mliselect/mli-select.pdf","sourceLabel":"CMHC MLI Select fact sheet","asOf":"2026-10-15"},{"id":"pagePublished","text":"CMHC’s MLI Select page shows “Date Published: September 21, 2026”.","value":"September 21, 2026","sourceUrl":"https://www.cmhc-schl.gc.ca/professionals/project-funding-and-mortgage-financing/mortgage-loan-insurance/multi-unit-insurance/mliselect","sourceLabel":"CMHC MLI Select page","asOf":"2026-10-15"},{"id":"edmVacancy","text":"Edmonton CMA purpose-built apartment vacancy was 3.8% in October 2025, up from 3.1% a year earlier.","value":"3.8%","sourceUrl":"https://www.cmhc-schl.gc.ca/professionals/housing-markets-data-and-research/market-reports/rental-market-reports-major-centres","sourceLabel":"CMHC Rental Market Report","asOf":"2026-10-15","period":"October 2025 survey"},{"id":"edmRent2","text":"Edmonton CMA average two-bedroom apartment rent was $1,603.","value":"$1,603","sourceUrl":"https://www.cmhc-schl.gc.ca/professionals/housing-markets-data-and-research/market-reports/rental-market-reports-major-centres","sourceLabel":"CMHC Rental Market Report","asOf":"2026-10-15","period":"October 2025 survey"},{"id":"cgyVacancy","text":"Calgary CMA purpose-built apartment vacancy was 5.0% in October 2025 (4.8% a year earlier).","value":"5.0%","sourceUrl":"https://assets.cmhc-schl.gc.ca/sites/cmhc/professional/housing-markets-data-and-research/housing-data-tables/rental-market/rental-market-report-data-tables/2025/rmr-alberta-2025-en.xlsx","sourceLabel":"CMHC rental tables, Alberta 2025","asOf":"2026-10-15","period":"October 2025 survey"},{"id":"canadaVacancy","text":"The national purpose-built rental apartment vacancy rate rose to 3.1% in 2025, up from 2.2% in 2024.","value":"3.1%","sourceUrl":"https://www.cmhc-schl.gc.ca/professionals/housing-markets-data-and-research/market-reports/rental-market-reports-major-centres","sourceLabel":"CMHC Rental Market Report","asOf":"2026-10-15","period":"October 2025 survey"},{"id":"cgySupply","text":"Calgary’s purpose-built rental supply grew by 11% in 2025, which CMHC calls the fastest growth in decades.","value":"11%","sourceUrl":"https://www.cmhc-schl.gc.ca/professionals/housing-markets-data-and-research/market-reports/rental-market-reports-major-centres","sourceLabel":"CMHC Rental Market Report","asOf":"2026-10-15","period":"October 2025 survey"},{"id":"midYear","text":"CMHC’s June 2026 mid-year update reports asking rents declining in Toronto, Vancouver and Calgary, while Montréal and Edmonton showed little change. It contains no new survey.","value":"Little change in Edmonton","sourceUrl":"https://www.cmhc-schl.gc.ca/observer/2026/2026-mid-year-rental-market-update","sourceLabel":"CMHC mid-year rental update","asOf":"2026-10-15","period":"June 9, 2026"},{"id":"abPopulation","text":"Alberta’s population was 5,101,050 on July 1, 2026, up 1.52% year over year.","value":"5,101,050 (+1.52%)","sourceUrl":"https://open.alberta.ca/dataset/6b5d7997-6062-474f-a955-837fbab70a89/resource/a4cf065e-5743-400d-bda2-68ec4ba0a808/download/tbf-quarterly-population-report-q2-2026.pdf","sourceLabel":"Alberta Quarterly Population Report","asOf":"2026-10-15","period":"July 1, 2026"},{"id":"abFastest","text":"Alberta had the fastest population growth rate among the provinces from July 1, 2025 to July 1, 2026 (+1.5%).","value":"+1.5%","sourceUrl":"https://www150.statcan.gc.ca/n1/daily-quotidien/260923/dq260923a-eng.htm","sourceLabel":"Statistics Canada, The Daily","asOf":"2026-10-15","period":"July 1, 2026"},{"id":"abRentFrequency","text":"In Alberta, rent can be increased only after at least one year (365 days) since the last increase or the start of the tenancy.","value":"Once per 365 days","sourceUrl":"https://open.alberta.ca/dataset/872344a3-f032-4f87-81bc-3c64d449f80e/resource/e38ea59a-784d-4627-baee-8ddc5148feae/download/sartr-information-for-landords-2025-06.pdf","sourceLabel":"Service Alberta, Information for Landlords","asOf":"2026-10-15"},{"id":"abRentAmount","text":"Alberta’s guide for landlords states: “There is no limit on the amount by which the landlord may raise the rent.”","value":"No amount cap","sourceUrl":"https://open.alberta.ca/dataset/872344a3-f032-4f87-81bc-3c64d449f80e/resource/e38ea59a-784d-4627-baee-8ddc5148feae/download/sartr-information-for-landords-2025-06.pdf","sourceLabel":"Service Alberta, Information for Landlords","asOf":"2026-10-15"},{"id":"abCpi","text":"CMHC’s 2027 permitted CPI percentage for Alberta is 0.1%.","value":"0.1%","sourceUrl":"https://www.cmhc-schl.gc.ca/professionals/project-funding-and-mortgage-financing/mortgage-loan-insurance/multi-unit-insurance/mliselect","sourceLabel":"CMHC MLI Select page","asOf":"2026-10-15"},{"id":"coiForm","text":"CMHC’s application form is titled “Request – Certificate of Insurance” and covers “Multi-Unit Mortgage Loan Insurance (five units or more)”. Its loan purposes include “Construction financing” and “Completion take-out”, with “Single advance” or “Progress advances”.","value":"Request – Certificate of Insurance","sourceUrl":"https://assets.cmhc-schl.gc.ca/sites/cmhc/professional/project-funding-and-mortgage-financing/mortgage-loan-insurance/multi-unit-insurance/mliselect/request-certificate-of-insurance-multi-unit.pdf","sourceLabel":"CMHC Request – Certificate of Insurance","asOf":"2026-10-15"},{"id":"lenderSubmits","text":"What the lender submits to CMHC starts with “A completed Request for Certificate of Insurance authorized by the Approved Lender.”","value":"Lender submits","sourceUrl":"https://assets.cmhc-schl.gc.ca/sf/project/cmhc/pdfs/content/en/required-documentation.pdf","sourceLabel":"CMHC multi-unit required documentation","asOf":"2026-10-15"},{"id":"rentRollApp","text":"At application the lender submits the pro forma rent roll for new construction, or the current rent roll for existing properties, which must clearly demonstrate the affordability level.","value":"Rent roll","sourceUrl":"https://assets.cmhc-schl.gc.ca/sites/cmhc/professional/project-funding-and-mortgage-financing/mortgage-loan-insurance/multi-unit-insurance/mliselect/mli-select-required-document-en.pdf","sourceLabel":"CMHC required documentation guide","asOf":"2026-10-15"},{"id":"portfolio","text":"For borrowers and guarantors with existing rental properties, the lender submits “a complete portfolio summary analysis”, including DCR and LTV calculated on actual operating results.","value":"Portfolio summary","sourceUrl":"https://assets.cmhc-schl.gc.ca/sf/project/cmhc/pdfs/content/en/required-documentation.pdf","sourceLabel":"CMHC multi-unit required documentation","asOf":"2026-10-15"},{"id":"assets","text":"The Approved Lender validates substantive asset values, for example with bank statements and property tax assessments.","value":"Asset validation","sourceUrl":"https://assets.cmhc-schl.gc.ca/sf/project/cmhc/pdfs/content/en/required-documentation.pdf","sourceLabel":"CMHC multi-unit required documentation","asOf":"2026-10-15"},{"id":"marketStudy","text":"A feasibility or market study is required for larger new construction projects. CMHC does not say how large “larger” is.","value":"Larger projects","sourceUrl":"https://assets.cmhc-schl.gc.ca/sf/project/cmhc/pdfs/content/en/required-documentation.pdf","sourceLabel":"CMHC multi-unit required documentation","asOf":"2026-10-15"},{"id":"experienceScale","text":"Borrower competence and experience must be “commensurate with the size and type of property”.","value":"Scales with size","sourceUrl":"https://assets.cmhc-schl.gc.ca/sf/project/cmhc/pdfs/content/en/standard-rental-housing.pdf","sourceLabel":"CMHC Standard Rental Housing fact sheet","asOf":"2026-10-15"},{"id":"postApproval","text":"After a Certificate of Insurance is issued, subsequent changes to the loan are subject to post approval fees, and CMHC retains the full application fee.","value":"Post approval fees","sourceUrl":"https://assets.cmhc-schl.gc.ca/sites/cmhc/professional/project-funding-and-mortgage-financing/mortgage-loan-insurance/multi-unit-insurance/mliselect/mli-select-multi-unit-fees-and-premiums-at-a-glance-en.pdf","sourceLabel":"CMHC fees and premiums","asOf":"2026-10-15"},{"id":"progressPremium","text":"On progress advances, the premium is due and payable by the lender to CMHC as the mortgage funds are advanced.","value":"Premium due per advance","sourceUrl":"https://assets.cmhc-schl.gc.ca/sites/cmhc/professional/project-funding-and-mortgage-financing/mortgage-loan-insurance/multi-unit-insurance/mliselect/mli-select-multi-unit-fees-and-premiums-at-a-glance-en.pdf","sourceLabel":"CMHC fees and premiums","asOf":"2026-10-15"},{"id":"egiSurcharge","text":"A 0.25% surcharge applies on the net loan amount where effective gross income is not met at the time of the first advance (not applicable for construction financing).","value":"0.25%","sourceUrl":"https://assets.cmhc-schl.gc.ca/sites/cmhc/professional/project-funding-and-mortgage-financing/mortgage-loan-insurance/multi-unit-insurance/mliselect/mli-select-multi-unit-fees-and-premiums-at-a-glance-en.pdf","sourceLabel":"CMHC fees and premiums","asOf":"2026-10-15"},{"id":"handbook","text":"CMHC’s detailed multi-unit underwriting policy sits in The Handbook, which Approved Lenders open through emili; changes reach lenders through CMHC “Advices”.","value":"The Handbook (lenders only)","sourceUrl":"https://assets.cmhc-schl.gc.ca/sites/cmhc/professional/mortgage-loan-insurance/approved-lenders/ref-doc-06-e-becoming-nha-approved-lender-en.pdf","sourceLabel":"CMHC, Becoming an NHA Approved Lender","asOf":"2026-10-15"},{"id":"noServiceStandard","text":"CMHC’s mortgage loan insurance contact page publishes no processing-time standard for 5+ unit loans.","value":"Not published","sourceUrl":"https://www.cmhc-schl.gc.ca/professionals/project-funding-and-mortgage-financing/mortgage-loan-insurance/contact-mortgage-loan-insurance","sourceLabel":"CMHC, Contact mortgage loan insurance","asOf":"2026-10-15"},{"id":"emili","text":"CMHC’s automated emili decisions cover loans of up to 4 units only, not 5+ unit loans.","value":"Up to 4 units","sourceUrl":"https://www.cmhc-schl.gc.ca/professionals/project-funding-and-mortgage-financing/mortgage-loan-insurance/emili","sourceLabel":"CMHC emili","asOf":"2026-10-15"},{"id":"affordOngoing","text":"CMHC requires documentation “to support on-going compliance throughout the affordability period”.","value":"Ongoing proof","sourceUrl":"https://assets.cmhc-schl.gc.ca/sites/cmhc/professional/project-funding-and-mortgage-financing/mortgage-loan-insurance/multi-unit-insurance/mliselect/mli-select.pdf","sourceLabel":"CMHC MLI Select fact sheet","asOf":"2026-10-15"},{"id":"affordReplace","text":"The Annual Certificate of Compliance lets the borrower report that certain existing affordable units were replaced by new affordable units, listed in a “Schedule – Affordable Unit Replacement Table”.","value":"Unit replacement schedule","sourceUrl":"https://assets.cmhc-schl.gc.ca/sites/cmhc/professional/project-funding-and-mortgage-financing/mortgage-loan-insurance/multi-unit-insurance/mliselect/mli-select-affordability-attestation-en.pdf","sourceLabel":"CMHC annual certificate of compliance","asOf":"2026-10-15"},{"id":"medianFallback","text":"If renter income data isn’t available for a market, CMHC accepts income data from comparable centres, provincial data or comparable rural centres.","value":"Fallback data","sourceUrl":"https://www.cmhc-schl.gc.ca/professionals/project-funding-and-mortgage-financing/mortgage-loan-insurance/multi-unit-insurance/mliselect","sourceLabel":"CMHC MLI Select page","asOf":"2026-10-15"},{"id":"medianVintage","text":"CMHC’s median renter income workbook shows 2019 household income before taxes for renter households, from Statistics Canada’s Canadian Income Survey, rounded to the nearest $100 and last updated March 2021.","value":"2019 data; updated March 2021","sourceUrl":"https://assets.cmhc-schl.gc.ca/sites/cmhc/professional/project-funding-and-mortgage-financing/mortgage-loan-insurance/multi-unit-insurance/mliselect/median-income-before-tax-renter-total-en.xlsx","sourceLabel":"CMHC median renter income workbook","asOf":"2026-10-15"},{"id":"medianEdmArithmetic","text":"Worked arithmetic, not a CMHC-published rent: 30% of Edmonton’s $66,600 is $19,980 a year, or $1,665 a month.","value":"$1,665 (calculated)","sourceUrl":"https://assets.cmhc-schl.gc.ca/sites/cmhc/professional/project-funding-and-mortgage-financing/mortgage-loan-insurance/multi-unit-insurance/mliselect/median-income-before-tax-renter-total-en.xlsx","sourceLabel":"CMHC median renter income workbook","asOf":"2026-10-15"},{"id":"premiumSavings","text":"CMHC’s only multi-unit illustration is a savings comparison, not a premium: “Based on a sample $15.6M, 48-unit new construction loan insured under MLI Select, a borrower would still see a savings of approximately 12% on their monthly mortgage payment compared to a conventional mortgage loan. The same borrower would also save $3M on their down payment requirements.”","value":"12% payment saving (sample loan)","sourceUrl":"https://www.cmhc-schl.gc.ca/media-newsroom/notices/2025/cmhc-to-update-multi-unit-mortgage-loan-insurance-premiums","sourceLabel":"CMHC premium notice","asOf":"2026-10-15","period":"July 3, 2025"},{"id":"premiumCalculator","text":"CMHC’s online premium calculator is for homeowner loans and notes it covers “homes priced below $1,500,000”, so it does not price 5+ unit loans.","value":"Homeowner calculator only","sourceUrl":"https://www.cmhc-schl.gc.ca/consumers/home-buying/calculators/mortgage-loan-insurance-premium-calculator","sourceLabel":"CMHC premium calculator","asOf":"2026-10-15"},{"id":"edmSupplyGap","text":"CMHC says Edmonton has no measurable housing supply gap: housing supply has kept pace with population growth.","value":"No measurable gap","sourceUrl":"https://www.cmhc-schl.gc.ca/professionals/housing-markets-data-and-research/market-reports/housing-market/housing-supply-report","sourceLabel":"CMHC Fall 2026 Housing Supply Report","asOf":"2026-10-15","period":"September 10, 2026"},{"id":"edmPipeline","text":"Edmonton’s housing starts were down 20% in the first half of 2026 against 2025, apartment completions rose 30%, and units under construction reached a record 17,900.","value":"17,900 under construction","sourceUrl":"https://www.cmhc-schl.gc.ca/professionals/housing-markets-data-and-research/market-reports/housing-market/housing-supply-report","sourceLabel":"CMHC Fall 2026 Housing Supply Report","asOf":"2026-10-15","period":"First half of 2026"},{"id":"cgyGap","text":"CMHC says Calgary needs between 4,000 and 5,000 additional units a year over the next decade to restore affordability, having almost halved its supply gap.","value":"4,000–5,000 a year","sourceUrl":"https://www.cmhc-schl.gc.ca/professionals/housing-markets-data-and-research/market-reports/housing-market/housing-supply-report","sourceLabel":"CMHC Fall 2026 Housing Supply Report","asOf":"2026-10-15","period":"September 10, 2026"},{"id":"cgyRentalStarts","text":"Calgary’s rental starts fell more than 30% in the first half of 2026 while still accounting for almost 60% of all starts.","value":"-30%+","sourceUrl":"https://www.cmhc-schl.gc.ca/professionals/housing-markets-data-and-research/market-reports/housing-market/housing-supply-report","sourceLabel":"CMHC Fall 2026 Housing Supply Report","asOf":"2026-10-15","period":"First half of 2026"},{"id":"edmBylaw2024","text":"Edmonton’s Zoning Bylaw 20001, effective January 1, 2024, reduced residential zones from 16 to six and expanded housing types citywide.","value":"16 zones to 6","sourceUrl":"https://www.alberta.ca/release.cfm?xID=979211D15AF83-E5BB-BA65-5EB5240712E3934C","sourceLabel":"Government of Alberta, Growing neighbourhoods responsibly","asOf":"2026-10-15","period":"October 8, 2026"},{"id":"abDirection","text":"On October 8, 2026 the Government of Alberta said Edmonton will be required to adopt rules for high-density infill that revert to the parameters in place before its 2024 zoning changes for housing types, density and height, and to restore minimum on-site parking requirements in place before 2020. Edmonton has three months from October 8 to amend its bylaw.","value":"Three months from Oct 8","sourceUrl":"https://www.alberta.ca/release.cfm?xID=979211D15AF83-E5BB-BA65-5EB5240712E3934C","sourceLabel":"Government of Alberta, Growing neighbourhoods responsibly","asOf":"2026-10-15","period":"October 8, 2026"},{"id":"edmHeight","text":"Edmonton’s Small Scale Residential (RS) zone maximum building height falls from 10.5 m to 9.5 m for development permit applications approved on or after August 1, 2026.","value":"9.5 m from Aug 1, 2026","sourceUrl":"https://www.edmonton.ca/city_government/urban_planning_and_design/zoning-bylaw-text-amendments","sourceLabel":"City of Edmonton, Zoning Bylaw text amendments","asOf":"2026-10-15"},{"id":"cgyRepeal","text":"Calgary council voted on April 8, 2026 to repeal blanket rezoning; on August 4, 2026, 99% of properties return to the zoning that applied before Rezoning for Housing.","value":"99% of properties","sourceUrl":"https://www.calgary.ca/planning/projects/rezoning.html","sourceLabel":"City of Calgary, Rezoning for Housing repeal","asOf":"2026-10-15"},{"id":"cgyOverlay","text":"The province said Calgary will maintain its current approach and be directed to create an overlay identifying lands restored to previous low-density residential zones; its broader land-use review is planned to be complete in 2027.","value":"Review planned for 2027","sourceUrl":"https://www.alberta.ca/release.cfm?xID=979211D15AF83-E5BB-BA65-5EB5240712E3934C","sourceLabel":"Government of Alberta, Growing neighbourhoods responsibly","asOf":"2026-10-15","period":"October 8, 2026"},{"id":"rtdrs","text":"Alberta’s Residential Tenancy Dispute Resolution Service is “a quasi-judicial tribunal” for disputes under the Residential Tenancies Act.","value":"RTDRS","sourceUrl":"https://www.alberta.ca/residential-tenancy-dispute-resolution-service","sourceLabel":"Alberta RTDRS","asOf":"2026-10-15"}]}