MLI Select
CMHC mortgage loan insurance relief for the construction, purchase or refinancing of rental buildings of 5 units or more.
For
To qualify
What we produce
What is MLI Select?
The Canada Mortgage and Housing Corporation (CMHC) MLI Select program allows rental property owners the opportunity to obtain mortgage loan insurance relief for the construction, purchase or refinancing of multi-family residential buildings of 5 units or more. It was designed to encourage the preservation and creation of affordable, accessible and energy efficient housing.
Benefits you can access
MLI Select can allow for the opportunity to access the following benefits (among others):
- An increase in the loan-to-value ratio;
- An extension of your amortization period (up to 50 years);
- A decrease in your down payment;
- A decrease in minimum debt coverage ratios;
- And a reduction in your insurance premiums.
How our team helps
Our team of qualified specialists can help you access program opportunities as part of an energy efficiency assessment. It will assist you in validating the commitments related to your application by producing a report and a software energy simulation, both of which are necessary for your financial institution to submit your file to CMHC.
Only an engineer, architect, Certified Engineering Technician (CET) or Certified Energy Manager (CEM) can produce a compliant energy model.
Scoring system and criteria by category
Benefits are determined through a scoring system established by CMHC covering three distinct categories. The score varies according to different levels to be reached and certain criteria in each of the said categories. This means borrowers can choose to commit to one or more levels, but must earn a minimum of 50 points to be eligible for some of the benefits of the MLI Select program.
Energy efficiency
This result is measured by the percentage improvement in your building’s energy efficiency performance relative to a baseline: the current building code for new buildings, or the current, pre-improvement performance of an existing building.
New buildings
- Level 1 (20 points): at least 25% better than NECB 2020, or at least 20% better than NBC 2020.
- Level 2 (35 points): at least 50% better than NECB 2020, or at least 40% better than NBC 2020.
- Level 3 (50 points): at least 60% better than NECB 2020, or at least 70% better than NBC 2020.
Existing property
- Level 1 (20 points): minimum 15% decrease from current baseline.
- Level 2 (35 points): minimum 25% decrease from current baseline.
- Level 3 (50 points): minimum 40% decrease from current baseline.
Accessibility
This is measured by the percentage of all available housing that is deemed accessible by CSA B651-18 or universal design or has a Rick Hansen Foundation accessibility certification. See the scorecard and criteria for this category.
Affordability
This is measured as the percentage of all units that are available at or below 30% of the median tenant income. See the scorecard and criteria for this category.
Relevant resources
The benefits of the MLI Select program are numerous. For more information on the program or to better understand the different criteria and possibilities that apply to your project, please contact us and we will be able to assist you.
Talk to our team about MLI Select
Tell us about your project and a team member will contact you.
Our other services
Find out where your building loses heat.
Measure the air tightness of your home or building.
Save on your CMHC mortgage insurance premium.
Ready to explore MLI Select for your building?
Our qualified specialists can prepare your report and energy simulation.
