What your points unlock, and what they commit you to.
MLI Select is CMHC mortgage insurance for buildings with five or more units. Owners earn points for affordability, energy efficiency and accessibility. More points unlock more leverage and a longer amortization.
| Points | New construction | Existing buildings |
|---|---|---|
| 50 | Up to 95% loan to cost, 40-year amortization | Up to 85% loan to value, 40-year amortization |
| 70 | Up to 95%, 45-year amortization | Up to 95%, 45-year amortization |
| 100 | Up to 95%, 50-year amortization, limited recourse | Up to 95%, 50-year amortization, limited recourse |
Source: CMHC MLI Select fact sheet. Confirm current terms with your lender.
Affordability commitments need a manager who tracks them.
Designated affordable units
We keep a register of every affordable suite, its rent limit and its tenant.
Rent increases done right
Increases on designated units follow the program rules and your lender's terms.
Annual lender package
Rent roll and affordability certificate prepared for your lender every year.
Learn moreAudit-ready tenant files
Applications, leases and income records kept for the whole commitment.
From 120 days before possession to a stabilized building.
120 days out
Rent study, pricing by unit type, incentives plan.
90 days out
Photos, 3D tours, listings live, pre-leasing opens.
Possession
Screening complete, move-ins scheduled, keys and inspections.
Stabilized
Renewals, retention and monthly owner reporting.
Hands-on management that knows MLI Select.
We already manage MLI Select properties in Edmonton. You get one direct property manager, affordability records kept from day one, and a reporting calendar built around your lender.
Estimate your pointsQuestions MLI owners ask us.
What is MLI Select?
CMHC mortgage loan insurance for buildings with 5+ units that rewards affordability, energy efficiency and accessibility with higher leverage and longer amortization.
What are the affordability rules?
Designated units rent at or below 30% of median renter income for the market, for at least 10 years. The share of units depends on your points level.
What does my lender need each year?
Typically a signed affordability compliance certificate and a rent roll identifying the affordable suites. Due dates vary by lender.
Can you help before we apply?
Yes: rent comparables, achievable market rents and an operating budget for your lender package.
Do energy and accessibility points need ongoing work?
Once documented they do not need yearly re-proof, but operations should keep accessible units accessible.
Send your unit mix, commitment and possession date.
Get a lease-up and compliance plan for your building, free.
Get a management proposal built for your property.
Send the address, unit mix and timing. Shanel replies with a plan for leasing, operations and reporting.