Either way, we\u2019re here to help.<\/p>\n
[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_3,2_3″ _builder_version=”4.27.4″ _module_preset=”default” custom_padding=”59px||||false|false” global_colors_info=”{}”][et_pb_column type=”1_3″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_image src=”https:\/\/calgaryreihub.com\/wp-content\/uploads\/CMHC-logo.webp” title_text=”CMHC logo” url=”https:\/\/www.cmhc-schl.gc.ca\/professionals\/project-funding-and-mortgage-financing\/mortgage-loan-insurance\/multi-unit-insurance\/mliselect” _builder_version=”4.27.4″ _module_preset=”default” max_width=”400px” custom_css_after=”content: %22%22;||display: inline-block;||width: 40%;||height: 10px;||background: white !important;||position: absolute;||bottom: -5px;||left: 30%;||right: 30%;” border_width_all=”9px” border_color_all=”#FFFFFF” box_shadow_style=”preset5″ box_shadow_vertical=”0px” box_shadow_spread=”3px” box_shadow_color=”#000000″ global_colors_info=”{}”][\/et_pb_image][\/et_pb_column][et_pb_column type=”2_3″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”]<\/p>\n
What is CMHC’s MLI Select Program?<\/h2>\n
MLI Select is an insured mortgage product from CMHC for multi-family properties (both new and existing) with five or more units.<\/span><\/p>\n It provides incentives aimed at increasing housing in Canada that meets affordability, accessibility, and\/or energy efficiency criteria.<\/p>\n These incentives come in the form of points, which can be applied towards more favourable mortgage terms for investors.<\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”2_3,1_3″ make_equal=”on” _builder_version=”4.27.4″ _module_preset=”default” custom_padding=”60px||60px|||” border_width_bottom=”2px” border_color_bottom=”#F7A02E” border_style_bottom=”dashed” global_colors_info=”{}”][et_pb_column type=”2_3″ _builder_version=”4.27.4″ _module_preset=”default” animation_direction=”left” global_colors_info=”{}”][et_pb_text _builder_version=”4.27.4″ _module_preset=”default” text_line_height=”1.71em” module_alignment=”center” global_colors_info=”{}”]<\/p>\n MLI Select offers incentives through a points program. These points are distributed based on a property\u2019s qualifications in three areas:<\/p>\n You can choose to focus on one area or any combination of the three<\/strong>.<\/p>\n These points can then be applied to reduce your required down payment, increase your amortization period, and decrease insurance premiums.<\/p>\n To receive the maximum incentives<\/strong> (e.g., 5% down, 50 year amortization) a property must have a minimum of 100 points<\/strong>.<\/p>\n The point distribution differs<\/strong> depending on whether the property in question is an existing property vs. a new build<\/strong>. Find more details on the points system and the specific criteria on the CMHC\u2019s MLI Select webpage<\/a> or download the CMHC MLI Select fact sheet here.<\/a><\/p>\n [\/et_pb_text][\/et_pb_column][et_pb_column type=”1_3″ _builder_version=”4.27.4″ _module_preset=”default” animation_style=”slide” animation_direction=”right” animation_intensity_slide=”2%” global_colors_info=”{}”][et_pb_cta title=”Looking for MLI Select projects or properties?” button_url=”\/contact\/” button_text=”Get in touch” _builder_version=”4.27.4″ _module_preset=”default” header_level=”h3″ header_text_color=”#000000″ background_color=”#dddddd” use_background_color_gradient=”on” background_color_gradient_direction=”-8deg” background_color_gradient_stops=”#efefef 14%|rgba(225,225,225,0.8) 83%” background_enable_image=”off” background_position=”top_left” background_blend=”multiply” background_enable_pattern_style=”on” background_pattern_style=”cubes” background_pattern_color=”#e1e1e1″ background_pattern_transform=”rotate_90_degree” background_pattern_size=”custom” background_pattern_width=”450px” background_layout=”light” width_tablet=”90%” width_phone=”90%” width_last_edited=”on|phone” height=”100%” custom_css_promo_description=”padding-bottom: 25px;” border_width_top=”6px” border_color_top=”#F7A02E” global_colors_info=”{}”]<\/p>\n Get connected to MLI Select properties in Calgary and surrounding areas.<\/p>\n Leverage our network to find MLI Select listings and off-market opportunities.<\/p>\n [\/et_pb_cta][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.27.4″ _module_preset=”default” custom_padding=”60px|||||” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.27.4″ _module_preset=”default” max_width=”800px” module_alignment=”center” global_colors_info=”{}”]<\/p>\n This program has become very popular recently. Why? In short, with the maximum incentives, you could get a mortgage with as little as 5% down payment*, with an amortization of up to 50 years.<\/p>\n *Note: in addition to the 5% down payment, you may require further capital to cover closing costs, lender fee, broker fee, CMHC Insurance, appraisal costs, etc.<\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_4,1_4,1_4,1_4″ _builder_version=”4.27.4″ _module_preset=”default” background_enable_color=”off” background_pattern_repeat_origin=”center” max_width=”80%” custom_padding=”||50px|||” locked=”off” global_colors_info=”{}”][et_pb_column type=”1_4″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_blurb title=”Higher loan-to-value ratios” use_icon=”on” font_icon=”||fa||900″ icon_color=”#F7A02E” image_icon_background_color=”RGBA(255,255,255,0)” image_icon_width=”70px” _builder_version=”4.27.4″ _module_preset=”default” header_level=”h3″ header_text_color=”#666666″ text_orientation=”center” animation_style=”slide” animation_direction=”left” animation_intensity_slide=”3%” global_colors_info=”{}”]<\/p>\n With up to 95% LTV, the CMHC MLI Select program allows you to preserve capital, scale faster, and maximize your returns. Less down payment allows you to maintain liquidity for new opportunities or cash reserves.<\/p>\n [\/et_pb_blurb][\/et_pb_column][et_pb_column type=”1_4″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_blurb title=”Lower debt coverage ratios” use_icon=”on” font_icon=”||fa||900″ image_icon_width=”70px” _builder_version=”4.27.4″ _module_preset=”default” header_level=”h3″ header_text_color=”#666666″ text_orientation=”center” animation_style=”slide” animation_direction=”left” animation_delay=”250ms” animation_intensity_slide=”3%” locked=”off” global_colors_info=”{}”]<\/p>\n The CMHC MLI Select program allows for a lower Debt Coverage Ratio (DCR) of 1.1, making it easier to qualify for financing.<\/p>\n [\/et_pb_blurb][\/et_pb_column][et_pb_column type=”1_4″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_blurb title=”Increased amortization” use_icon=”on” font_icon=”||fa||900″ image_icon_width=”70px” _builder_version=”4.27.4″ _module_preset=”default” header_level=”h3″ header_text_color=”#666666″ text_orientation=”center” animation_style=”slide” animation_direction=”left” animation_delay=”500ms” animation_intensity_slide=”3%” locked=”off” global_colors_info=”{}”]<\/p>\n With up to 50-year amortization, the CMHC MLI Select program reduces monthly debt obligations, which helps improve cash flow. This extended term also enhances debt service ratios, increasing borrowing capacity.<\/p>\n [\/et_pb_blurb][\/et_pb_column][et_pb_column type=”1_4″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_blurb title=”Reduced premiums” use_icon=”on” font_icon=”||fa||900″ image_icon_width=”70px” _builder_version=”4.27.4″ _module_preset=”default” header_level=”h3″ header_text_color=”#666666″ text_orientation=”center” animation_style=”slide” animation_direction=”left” animation_delay=”750ms” animation_intensity_slide=”3%” locked=”off” global_colors_info=”{}”]<\/p>\n The CMHC MLI Select Program allows for lower mortgage insurance premiums, compared to the CMHC Standard Rental Housing program.<\/p>\n [\/et_pb_blurb][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.27.4″ _module_preset=”default” custom_padding=”30px|||||” locked=”off” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.27.4″ _module_preset=”default” max_width=”800px” module_alignment=”center” global_colors_info=”{}”]<\/p>\n While the MLI Select Program offers some great advantages, it’s equally important to be aware of the potential disadvantages.<\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_2,1_2″ _builder_version=”4.27.4″ _module_preset=”default” animation_style=”fade” global_colors_info=”{}”][et_pb_column type=”1_2″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.27.4″ _module_preset=”default” locked=”off” global_colors_info=”{}”]<\/p>\n [\/et_pb_text][\/et_pb_column][et_pb_column type=”1_2″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.27.4″ _module_preset=”default” custom_css_main_element=”display: inline;||float: right;” custom_css_free_form=”ul.criteria li::marker {color: orange;}” global_colors_info=”{}” custom_css_main_element_last_edited=”on|tablet” custom_css_main_element_tablet=”display: block;” custom_css_main_element_phone=”display: block;”]<\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”3_4,1_4″ _builder_version=”4.27.4″ _module_preset=”default” custom_padding=”||61px|||” animation_style=”fade” animation_delay=”500ms” border_width_bottom=”2px” border_color_bottom=”#F7A02E” border_style_bottom=”dashed” global_colors_info=”{}”][et_pb_column type=”3_4″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.27.4″ _module_preset=”default” max_width=”800px” module_alignment=”center” text_orientation_tablet=”center” text_orientation_phone=”center” text_orientation_last_edited=”on|tablet” custom_css_free_form=”ul.disadvantages li::marker {color: orange;}” global_colors_info=”{}” custom_css_main_element_last_edited=”off|desktop” custom_css_main_element_tablet=”display: block;”]<\/p>\n Each property may have its own, unique disadvantages.<\/strong> You\u2019ll want a reliable realtor, mortgage broker\/lender, lawyer, and\/or other advisor to help you identify them.<\/p>\n [\/et_pb_text][\/et_pb_column][et_pb_column type=”1_4″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_button button_url=”\/contact\/” button_text=”Get Assistance” button_alignment=”center” button_alignment_tablet=”center” button_alignment_last_edited=”off|desktop” _builder_version=”4.27.4″ _module_preset=”default” custom_css_main_element=”font-size: 12pt” global_colors_info=”{}”][\/et_pb_button][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.27.4″ _module_preset=”default” custom_padding=”60px||0px|||” locked=”off” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.27.4″ _module_preset=”default” max_width=”800px” module_alignment=”center” global_colors_info=”{}”]<\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”3_5,2_5″ _builder_version=”4.27.4″ _module_preset=”default” custom_padding=”||0px|||” animation_style=”fade” global_colors_info=”{}”][et_pb_column type=”3_5″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”]<\/p>\n [\/et_pb_text][\/et_pb_column][et_pb_column type=”2_5″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.27.4″ _module_preset=”default” header_3_font_size=”24px” header_3_font_size_tablet=”24px” header_3_font_size_phone=”24px” header_3_font_size_last_edited=”on|desktop” global_colors_info=”{}”]<\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.27.4″ _module_preset=”default” animation_style=”fade” animation_delay=”500ms” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.27.4″ _module_preset=”default” max_width=”800px” module_alignment=”center” text_orientation_tablet=”center” text_orientation_phone=”center” text_orientation_last_edited=”on|tablet” custom_css_free_form=”ul.disadvantages li::marker {color: orange;}” global_colors_info=”{}” custom_css_main_element_last_edited=”off|desktop” custom_css_main_element_tablet=”display: block;”]<\/p>\n Not sure if you’ll qualify for MLI Select, but still interested in multi-family investment properties?<\/strong> There are still lots of possibilities \u2013 book a no-obligation consult<\/a> and we\u2019ll discuss options to suit your situation.<\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ next_background_color=”#FFFFFF” _builder_version=”4.27.4″ _module_preset=”default” background_color=”#dddddd” use_background_color_gradient=”on” background_color_gradient_stops=”#efefef 0%|#dddddd 95%” background_enable_image=”off” background_position=”top_left” background_blend=”multiply” background_enable_pattern_style=”on” background_pattern_style=”cubes” background_pattern_color=”rgba(0,0,0,0.04)” background_pattern_transform=”rotate_90_degree” background_pattern_size=”custom” background_pattern_width=”450px” background_pattern_repeat_origin=”center” custom_padding=”||107px|||” bottom_divider_style=”slant2″ bottom_divider_height=”50px” bottom_divider_repeat=”1x” bottom_divider_flip=”horizontal” global_colors_info=”{}”][et_pb_row module_id=”bios” _builder_version=”4.18.0″ _module_preset=”default” custom_padding=”||0px|||” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.27.4″ _module_preset=”default” locked=”off” global_colors_info=”{}”]<\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_3,1_3,1_3″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”1_3″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_blurb title=”Education” use_icon=”on” font_icon=”||fa||900″ icon_color=”#F7A02E” image_icon_background_color=”RGBA(255,255,255,0)” image_icon_width=”70px” _builder_version=”4.27.4″ _module_preset=”default” header_level=”h3″ header_text_color=”#666666″ text_orientation=”center” animation_style=”slide” animation_direction=”left” animation_intensity_slide=”3%” locked=”off” global_colors_info=”{}”]<\/p>\n We\u2019re passionate about educating our clients and fellow real estate investors. We’re constantly working to provide \u00a0practical, no-nonsense information to anyone who may be interested in real estate investing.<\/p>\n Check out our Facebook Group<\/a>, YouTube channel<\/a>, in-person seminars<\/a>, or contact us<\/a> with your questions directly!<\/p>\n [\/et_pb_blurb][\/et_pb_column][et_pb_column type=”1_3″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_blurb title=”Realistic Analysis” use_icon=”on” font_icon=”||fa||900″ icon_color=”#F7A02E” image_icon_background_color=”RGBA(255,255,255,0)” image_icon_width=”70px” _builder_version=”4.27.4″ _module_preset=”default” header_level=”h3″ header_text_color=”#666666″ text_orientation=”center” animation_style=”slide” animation_direction=”left” animation_intensity_slide=”3%” locked=”off” global_colors_info=”{}”]<\/p>\n There is currently a lot of \u2018hype\u2019 surrounding MLI Select projects. We\u2019ll help you identify exaggerated claims and provide realistic, conservative deal analysis and projections.<\/p>\n While MLI Select can be a fantastic opportunity for some real estate investors, the fact is it\u2019s not for everyone. We do our best to ensure our clients don\u2019t commit to bad deals or have unrealistic expectations.<\/p>\n [\/et_pb_blurb][\/et_pb_column][et_pb_column type=”1_3″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_blurb title=”Client-Focused” use_icon=”on” font_icon=”||fa||900″ icon_color=”#F7A02E” image_icon_background_color=”RGBA(255,255,255,0)” image_icon_width=”70px” _builder_version=”4.27.4″ _module_preset=”default” header_level=”h3″ header_text_color=”#666666″ text_orientation=”center” animation_style=”slide” animation_direction=”left” animation_intensity_slide=”3%” locked=”off” global_colors_info=”{}”]<\/p>\n We\u2019re not trying to talk you into a deal that\u2019s not in your best interest, unlike some players in the game. We want you to succeed long-term and will always provide our honest advice and feedback (even if it means talking you out of a deal).<\/p>\n After all, having satisfied, repeat customers helps us succeed in the long term, too!<\/p>\n [\/et_pb_blurb][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.27.4″ _module_preset=”default” locked=”off” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_button button_url=”\/contact\/” button_text=”Book a Free Consultation” button_alignment=”center” _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_button][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.27.4″ _module_preset=”default” background_color=”#FFFFFF” custom_padding=”||80px|||” global_colors_info=”{}”][et_pb_row module_id=”bios” _builder_version=”4.27.4″ _module_preset=”default” custom_padding=”||60px||false|false” locked=”off” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.27.4″ _module_preset=”default” locked=”off” global_colors_info=”{}”]<\/p>\n [\/et_pb_text][et_pb_accordion open_toggle_text_color=”#F7A02E” closed_toggle_text_color=”#666666″ closed_toggle_background_color=”#FFFFFF” icon_color=”#ED740B” _builder_version=”4.27.4″ _module_preset=”default” toggle_level=”h3″ toggle_font_size=”20px” closed_toggle_font_size=”17px” custom_css_toggle_title=”text-transform: none;||letter-spacing: 0;” border_width_all=”1.5px” border_color_all=”#666666″ global_colors_info=”{}”][et_pb_accordion_item title=”How do I find available MLI Select projects\/opportunities in Calgary (or across Alberta?)” open=”on” _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”]<\/p>\n New builds:<\/strong> It can be difficult to find new build multi-family projects for MLI Select on your own, but we can help you find and review opportunities. We\u2019ll also help ensure your interests are protected when evaluating builder contracts.<\/p>\n Existing properties:<\/strong> You can technically find existing MLI Select properties listed on the market, but a lot of them are off-market or pocket listings. Your best bet is to work with a trusted realty team (like us!) with the right connections to find these off-market deals.<\/p>\n Get in touch with us<\/a> and we\u2019ll find options to suit your search.<\/p>\n [\/et_pb_accordion_item][et_pb_accordion_item title=”How long does it take to apply and get approval for an MLI Select mortgage?” _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}” open=”off”]<\/p>\n Currently, it can take 4-6 months from application to receiving funding.<\/p>\n [\/et_pb_accordion_item][et_pb_accordion_item title=”What are the MLI Select mortgage interest rates?” _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}” open=”off”]<\/p>\n The CMHC MLI Select mortgage interest rates are primarily based on the Canadian Mortgage Bond (CMB) rates which can fluctuate daily. However, once your mortgage starts, your rate is fixed for 5 or 10 years.<\/span><\/p>\n [\/et_pb_accordion_item][et_pb_accordion_item title=”Do you have any recommendations for MLI Select mortgage brokers? ” _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}” open=”off”]<\/p>\n Because of the complexity of MLI Select, it\u2019s best to work with an experienced mortgage broker. We have trusted mortgage brokers and lender recommendations to help you succeed.<\/p>\n [\/et_pb_accordion_item][et_pb_accordion_item title=”Can I get pre-approved for an MLI Select mortgage?” _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}” open=”off”]<\/p>\n Unfortunately, the answer is no.<\/p>\n You can get your lender\/mortgage broker to review your net worth and your likelihood to qualify, however, there is no formal pre-approval until you receive your Certificate of Insurance (COI).<\/p>\n [\/et_pb_accordion_item][et_pb_accordion_item title=”How do MLI Select affordability criteria work? Is my rent controlled? Will future rent increases be capped?” _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}” open=”off”]<\/p>\n \u00a0If your property is in a province with rent control, any increases on designated affordable units must conform to provincial rent control guidelines.\u00a0<\/p>\n In regions without rent control (such as Alberta), designated affordable units are subject to a percentage increase cap equal to the 12-month annual Consumer Price Index (CPI) in that region.<\/p>\n [\/et_pb_accordion_item][et_pb_accordion_item title=”What is considered \u201caffordable rent\u201d under the MLI Select affordability criteria?” _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}” open=”off”]<\/p>\nHow does the MLI Select program work?<\/h2>\n
\n
![\"\"](\"https:\/\/calgaryreihub.com\/wp-content\/uploads\/MLI-Select-Townhouses-300x182.webp\")
<\/p>\nAdvantages of the MLI Select program<\/h2>\n
DISAdvantages of the MLI Select program<\/h2>\n
\n
\n
\n
\n
MLI Select Criteria<\/h2>\n
Property Criteria<\/h3>\n
\n
Borrower Criteria<\/h3>\n
\n
We’re Here to Help<\/h2>\n
Other Frequently Asked Questions<\/h2>\n