Approximately 30% of Canadians rely on rental housing to meet their housing needs.
CMHC offers both funding opportunities and mortgage loan insurance products to support the construction, purchase and refinancing of rental properties.
Mortgage loan insurance products (5+ units)
As Canada's only provider of mortgage loan insurance for multi-unit residential properties, CMHC provides access to preferred interest rates lowering borrowing costs for the construction, purchase and refinance of multi-unit residential properties and facilitates renewals throughout the life of the mortgage. Additional incentives are available to support affordable rental housing projects.
Offers flexibilities to encourage the construction, preservation and improvement of affordable rental properties, helping Canadians meet their rental housing needs. The flexibilities include higher loan-to-value ratios, lower debt coverage ratios, and reduced premiums.