CMHC Multi-Unit Loan Sizer
Five or more rental units. Explore Standard and MLI Select with your inputs and explicit modelling assumptions.
The prefilled property figures are examples. Replace them with your own inputs. APR. OAC. For illustrative purposes only. Subject to change without notice.
| Unit type | Count | Monthly rent / unit ($) |
|---|---|---|
| Bachelor | ||
| 1 bedroom | ||
| 2 bedroom | ||
| 3+ bedroom |
This illustration uses the held regional benchmark allowances for maintenance, salaries, management and other costs. Higher actual costs and current CMHC underwriting allowances require review and may reduce the result.
Enter your actual taxes, insurance and utilities.
Choose only criteria your proposal can demonstrate. This tool does not certify eligibility.
All tiers: every unit visitable and common areas barrier free under CSA B651:23. Level 1: 15% accessible or universal design, or RHF v4.0 60 to 79%. Level 2: 15% accessible plus 85% universal design, or 100% universal design or accessible, or RHF Gold 80%+.
Example rate for illustration only, not an offer. Enter the rate you want to test.
APR. OAC. For illustrative purposes only. Subject to change without notice.
Income and Expenses
Premium and Fees
Provincial tax on the premium, if any, is not included. The application fee shown assumes up to two advances and may be added to the loan.
Sensitivity Checks
APR. OAC. For illustrative purposes only. Subject to change without notice.
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Scenario capture uses the existing input-only form. No results or contact details are stored in the carry-over record.
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This is not financial, legal or lending advice. This is not an offer of financing, a CMHC approval or a guarantee of loan amount. This illustration uses the held regional benchmark allowances for maintenance, salaries, management and other costs. Higher actual costs and current CMHC underwriting allowances require review and may reduce the result. This tool combines your actual taxes, insurance and utilities with the benchmarked items. CMHC determines lending value, underwriting allowances and eligibility. Non-residential space is outside this tool: use the Mixed-Use Blended Sizing Calculator. APR. OAC. For illustrative purposes only. Subject to change without notice. Mortgage broker services provided by TMG AnchorPoint Mortgage Inc., NS Licence 3000145, NB Licence 260055962, NL Licence 26-07-TM223-1.
Rules, Scope and Assumptions
CMHC rules from CMHC fact sheets and the multi-unit fees and premiums sheet dated July and August 2026. CMHC may change them at any time.
Standard purchase: the lesser of 85% of price and 85% of your value estimate. Standard refinance: 85% of your value estimate. Standard completion take-out: the lesser of 85% of your value estimate and 100% of cost. MLI Select: construction uses 95% of cost at each eligible tier; existing properties use 85% of value at 50 points and 95% at 70 points or more. Higher LTV is available at 70 points or more.
MLI Select construction value overlays and purchase-price overlays are not settled by the cited CMHC fact sheets and are not modelled here. Premium calculations exclude refinance credits, second mortgages, unmet-EGI surcharges and non-residential premiums. Remaining economic life, borrower net worth, management experience, holdbacks and other underwriting requirements still need review. This is not a lender package.
Affordability uses the subject-market median renter income. Current CPI factors and geography adjustments are not held, so this tool does not calculate an affordable-rent ceiling. Energy tiers use the 2020 NECB/NBC criteria on the CMHC page published September 21, 2026, checked October 8, 2026; it does not use the expired 2015/2017 form.
APR. OAC. For illustrative purposes only. Subject to change without notice.
What These Numbers Mean
Plain-language definitions and the typical ranges, so you can play with the inputs with confidence.
- Region and Building Type
- CMHC publishes operating-cost benchmarks that vary by region (Atlantic, Quebec, Ontario, Prairies and Territories, British Columbia) and by construction (wood frame by size, or concrete). These set the maintenance, salaries, management, and reserve figures the tool applies.Typical: concrete carries higher maintenance benchmarks than wood frame; the figures here reflect the held 2025-2026 regional schedule; current allowances require review.
- Units, Rent, and Other Income
- Units times average monthly rent times twelve, plus other income (parking, laundry, storage), gives gross potential income. This is the top of the NOI build.Typical: CMHC tests rents against its own market data, so use sustainable in-place rents rather than aspirational ones.
- Vacancy and Bad Debt
- A deduction from gross income for empty units and uncollected rent, leaving effective gross income (EGI). CMHC applies its own vacancy from market data; the figure here is your estimate.Typical: a few percent in tighter markets, higher where vacancy runs up; CMHC's number may differ from yours.
- Your Actuals and Reserve Counts
- Enter actual taxes, insurance and utilities. Appliance, wall heat pump / AC and wood-frame elevator counts drive replacement reserves. This illustration uses the held regional benchmark allowances for maintenance, salaries, management and other costs. Higher actual costs and current CMHC underwriting allowances require review and may reduce the result.These counts inform the expense estimate. A licensed mortgage broker reviews the detailed allowances.
- Underwritten NOI and Expense Ratio
- EGI less total operating expenses (your actuals plus the benchmarked items). The expense ratio is opex as a percent of EGI, a quick health check on the operating model.Expense levels depend on the building, its operations and the market. The detailed allowances require review.
- Target DSCR
- NOI divided by annual mortgage payments, the income cushion above the payment. MLI Select can run as low as around 1.10; conventional sits higher. A lower DSCR supports a larger loan from the same NOI.Typical: around 1.10 under MLI Select; 1.20 to 1.30 conventional.
- Rate, Amortization, Value, and Max LTV / LTC
- The rate prices the debt; amortization spreads the payment; the LTV or loan-to-cost cap limits the loan to a percent of value or cost. The loan shown is the lower of what the income supports (DSCR) and what the cap allows.Typical: MLI Select can reach up to 95 percent and amortization up to 50 years at the top points tier; energy criteria from the CMHC page published September 21, 2026 are shown in the points section, checked October 8, 2026.
- CMHC MLI Select Points
- Enter affordability, energy efficiency and accessibility points above. The program offers tiered terms: 50 points (up to 40-year amortization), 70 points (up to 45 years), 100 points (up to 50 years), with premium discounts that rise by tier.Typical: the premium and final terms depend on the points tier you reach, which a licensed mortgage broker reviews with you.
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