The Canada Mortgage and Housing Corporation (CMHC) introduced the MLI Select program to incentivize the development and preservation of affordable, accessible, and energy-efficient rental housing across Canada. This program offers mortgage loan insurance for multi-unit residential properties with five or more units, providing benefits such as higher loan-to-value ratios, extended amortization periods, and reduced premiums.
Key Features of the MLI Select Program:
- Point-Based Incentives:
The program utilizes a point system to assess commitments to affordability, energy efficiency, and accessibility. Higher scores yield greater financial incentives, including reduced premiums and extended amortization periods. - Flexible Financing Options:
Eligible projects can benefit from up to 95% loan-to-value ratios and amortization periods of up to 50 years, facilitating more manageable debt servicing. - Eligibility Criteria:
Projects must meet specific criteria related to affordability, accessibility, and energy efficiency. For instance, affordability is assessed based on median renter income for both existing properties and new construction projects.
By participating in the MLI Select program, investors can access favorable financing options while contributing to the availability of sustainable rental housing. This initiative is particularly beneficial for those looking to invest in multi-family properties across Canada.
Why Invest in Multi-Family Properties in Edmonton and Surrounding Cities?
Edmonton and its surrounding cities offer exceptional opportunities for multi-family investors. These communities have seen significant growth driven by strong economic fundamentals, a steady influx of population, and a relatively affordable cost of living compared to other major Canadian cities.
Utilizing strategies like the MLI Select program has allowed investors in Edmonton and area to capitalize on:
- Increased cash flow and long-term value from better financing terms.
- Higher demand for rentals due to affordability challenges in the single-family home market.
- Favourable government incentives aimed at supporting sustainable housing initiatives.
- Strong local economies supported by industries like energy, tech, healthcare, and education.
Many savvy investors have seen impressive growth in their multi-family portfolios by aligning their investment strategies with programs like MLI Select — benefiting from better returns, longer amortization schedules, and stronger property appreciation in these thriving Alberta markets.
Partner With a Realtor Who Understands Your Goals
As a REALTOR® with extensive experience helping investors navigate the Alberta market and leverage programs like CMHC’s MLI Select, I am here to provide you with the expertise, tools, and local insights needed to make confident, profitable decisions.
My value proposition is simple:
- Strategic guidance tailored to your investment goals.
- In-depth market knowledge of Edmonton and surrounding communities.
- Hands-on support through every stage — from search to acquisition to management.
- A serious, results-driven approach to helping you grow your real estate portfolio.
If you’re ready to start or expand your multi-family investments, let’s connect — I’m here to help you make the most of your opportunities in Alberta’s growing real estate market!
