3852 Finch Ave E #209, Scarborough, ON M1T 3T9, Canada
Brokerage #13763
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Brokerage #13763
CMHC MLI Select a points-based mortgage loan insurance program for Ontario multi-unit residential properties with 5 or more units. Score points across affordability, energy efficiency, and accessibility to unlock up to 95% LTV, 50-year amortization, and reduced CMHC premiums. A minimum of 50 points is required to qualify. lendsimpl is the only Ontario broker with a public MLI Select points calculator, at lendsimpl.ca/mli-select-points. FSRA Brokerage #13763.
5.0 on GoogleFSRA Brokerage #13763Ontario-wideTakes about 30 seconds · No cost to compare your options · No obligation
Determine what percentage of units will be rented at or below market rent, deeper affordability earns more points.
Rate your building against the National Building Code Energy Tier system. Net Zero Ready earns the maximum.
Check whether units meet Enhanced Accessibility or Universal Design standards as defined by CMHC.
Add all three categories. 50 points qualifies; 70+ unlocks enhanced terms; 100+ unlocks maximum benefits.
Run your numbers through our MLI Select points calculator at lendsimpl.ca/mli-select-points to see your tier before you apply.
Units rented at or below a percentage of median market rent. Deeper affordability, e.g. 80% of market rent, earns more points than shallow affordability at 90% of market.
Building meets National Building Code energy tiers: Step 3, Step 4, or Net Zero Ready (Step 5). Higher energy performance earns more points. EnerGuide or equivalent documentation is required.
Units meet Enhanced Accessibility or Universal Design standards as defined by CMHC. Fully accessible or universally designed units earn maximum accessibility points.
5.0 on Google
Verified reviews
CMHC MLI Select, standard CMHC multi-unit insurance, and conventional (non-CMHC) commercial financing for Ontario multi-family properties, compared.
MLI Select: up to 95%. Standard CMHC: up to 85%. Conventional: 65–75%.
MLI Select: 50 years. Standard CMHC: 40 years. Conventional: 20–25 years.
MLI Select: 1.10x. Standard CMHC: 1.20x. Conventional: 1.20–1.40x.
MLI Select: 4.99–6.50%. Standard CMHC: 5.20–6.80%. Conventional: 5.90–7.50%.
MLI Select: 5+ unit residential. Standard CMHC: 5+ unit residential. Conventional: all types.
MLI Select: yes. Standard CMHC: yes. Conventional: no.
MLI Select: 6–10 weeks. Standard CMHC: 6–8 weeks. Conventional: 4–8 weeks.
MLI Select: yes. Standard CMHC: yes. Conventional: yes.
Purpose-built rental housing with five or more residential units.
Purpose-built rental townhomes with 5 or more units.
Non-profit and co-operative housing corporations.
Eligible where at least 50% of floor area is residential rental.
Market-rate and affordable housing projects, from the ground up. Eligible for all three point categories; construction draws available under CMHC.
Acquisition, refinance, or major renovation of a standing building. Affordability points come from the rents you set; energy and accessibility points typically require a retrofit.
Up to 85% LTV, 40-year amortization, 1.20x minimum DCR, standard MLI premium.
Up to 90% LTV, 45-year amortization, 1.15x minimum DCR, reduced premium.
Up to 95% LTV, 50-year amortization, 1.10x minimum DCR, maximum premium reduction.
5.0/5 average rating on Google
“Damien Atapattu made my mortgage process completely stress‑free. He prepared all documents ahead of time and clearly understands lender, lawyer, and appraisal requirements. A friendly, energetic professional who gets results.”
Aruna Bandaranayake
Google review · 5 mo ago
“Highly recommend! Damien took a lot of time to explain the terms thoroughly. He is very knowledgeable and trustworthy. Looking forward to working with him again!”
Tommy Ravindran
Google review · 6 mo ago
“Shamal was amazing throughout the whole process. He is very helpful, knowledgeable and patient. If you need a good reliable mortgage broker he is the guy! He will find you the best solution.”
Avy Loc
Google review · 7 mo ago
“Highly recommend. Damien was excellent throughout everything. Walking us through everything step by step. He was extremely well prepared and well versed in everything we needed to get a mortgage at a great rate.”
John Abraham
Google review · 7 mo ago
“I had a great experience working with Damien. He helped me secure a very competitive mortgage rate through Scotiabank and made the entire process smooth and stress-free. He was knowledgeable, transparent, and always quick to respond to my questions. I highly recommend him.”
Rz
Google review · 7 mo ago
“I approached lendsimpl for some financing and was amazed at the quality and time frame of service. Within a matter of days my deal was completed. Thanks to Damien and the team for expediting my business so efficiently. I highly recommend them for your financing needs. Five stars from us.”
Sunrise Meadows
Google review · 10 mo ago
Straight answers on the points system, LTV tiers, amortization, and how to apply — so you know exactly where your project stands before you submit.
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Our licensed broker team is happy to help.
CMHC MLI Select uses a points-based scoring system across affordability, energy efficiency, and accessibility. Properties that score 50+ points qualify for mortgage insurance with enhanced terms. Higher points unlock higher LTV (up to 95%), longer amortization (up to 50 years), and lower CMHC insurance premiums.
The points system scores properties across three categories: affordability (units rented at or below market rent), energy efficiency (building meets National Building Code energy tiers), and accessibility (units meet Enhanced or Universal Design standards). Points from all three categories are combined to determine the financing tier.
Yes, with CMHC MLI Select and a score of 100 points or more. Standard CMHC multi-unit insurance provides up to 85% LTV. Conventional commercial financing caps at 65–75% LTV.
50 years at the 100-point tier. At 75 points the maximum is 45 years. At the minimum 50 points it is 40 years (standard CMHC). Conventional Ontario commercial mortgages typically offer 20–25 year amortizations.
Purpose-built rental housing or co-operative housing with 5 or more residential units. Eligible types include apartment buildings, townhouse complexes, and mixed-use buildings where at least 50% of floor area is residential.
MLI Select offers substantially better terms for qualifying Ontario multi-family projects: up to 95% LTV vs. 65–75% conventional; 50-year amortization vs. 20–25 years conventional; minimum 1.10x DSCR vs. 1.20–1.40x conventional. The trade-off is longer closing timelines and CMHC insurance premiums.
Yes, lendsimpl operates the only publicly available CMHC MLI Select points calculator in Ontario. It estimates your score across all three criteria and shows which financing tier your project qualifies for, available at lendsimpl.ca/mli-select-points.
Work with an FSRA-licensed broker experienced in CMHC MLI Select underwriting: complete an MLI Select score assessment, confirm eligibility, select a CMHC-approved lender, and submit a full application with project documentation. CMHC review typically takes 4–6 weeks. FSRA Brokerage #13763.
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Important
Program figures
Tier thresholds, LTV, amortization, and premium figures are as published by CMHC and subject to program updates — verify current thresholds with CMHC before proceeding.
Rate comparison
Rate ranges shown are indicative and depend on lender, property financials, LTV, and amortization selected.
Brokerage disclosure
lendsimpl is an FSRA-licensed mortgage brokerage (Brokerage #13763) specializing in CMHC MLI Select financing across Ontario.
lendsimpl is an FSRA-licensed mortgage brokerage (Brokerage #13763) specializing in CMHC MLI Select financing across Ontario. We compare 50+ commercial lenders to structure your application for the best possible score and terms.
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