There are two streams within the Shared Equity Mortgage Providers Fund. This is the Shared Equity Mortgage Stream for the funding of shared equity mortgages that will be provided by the proponent directly to first-time homebuyers (Stream 2).

who can apply?

  • Non-profit organizations (public or private)
  • Other levels of government (municipal, provincial, territorial)
  • Indigenous governments or organizations
  • For-profit organizations
(CMHC may prioritize non-profit and government providers before for-profit organizations)

fund details

Maximum Loan Amount
The maximum loan amount per proponent/borrower per year is $5 million. CMHC may consider a higher amount on an exception basis.

Maximum Loan Term
5 or 10-year renewable loan term. Maximum 25-year amortization.

Interest Rate
Fixed or floating rate. Interest accrues from time of first advance to end of term.

Prepayment Options
Partial principal repayment will be required without penalty, as homebuyers repay SEM mortgages, to be remitted to CMHC on a quarterly basis.


Applicant Qualification
For qualification purposes, an applicant must demonstrate that:

  • It has the capacity to fulfil the loan repayment obligation
  • It is financially sound and has the requisite authority, experience, capability and resources to administer a shared equity mortgage program.

Criteria for the Recipients of Shared Equity Mortgages
Applicants must agree that the shared equity mortgages offered will be made available to homebuyers who meet the following criteria:

  • Provide a minimum 5% down payment from their own resources
  • Meet the definition of a first-time homebuyer under the Government of Canada Home Buyers’ Plan, which includes the dissolution of a marital or common law relationship (at least one of the homebuyers)
  • CMHC’s preference is for the first mortgages to be with a lender approved by CMHC under the National Housing Act for mortgage loan insurance. CMHC may consider exceptions on a case-by-case basis taking into consideration the proposal, business model and loan security.


The following resources are available to help you prepare your application:

application process and timelines

CMHC will assess each application on its own merit, and in consideration of available funding. Applications will be assessed at the end of each monthly intake window, followed by underwriting and execution of agreements for successful applicants before funding can be advanced.

apply today

You must submit your application for funding through the secure online application portal. CMHC is committed to protecting the private information of applicants, and information entered into the portal is retained in a secure database. Once submitted, your application will no longer be editable.

It is your responsibility to ensure that all information provided is complete and accurate to the best of your ability. CMHC may, at any time in the review process, contact you for additional information and documentation.

Please carefully review and respond to all questions in the application form and ensure that you submit all supporting documentation. CMHC cannot process or consider your application if incomplete. To assist you, here is a checklist:

  1. Complete the application form (PDF)
  2. Submit requested supporting documentation as outlined on the application form
  3. Complete and sign the integrity declaration (PDF)
  4. Register and upload all documents through the secure online application portal.

This program is unique and your proposal may not fully align with our application form. CMHC staff are open to hear your ideas and would be pleased to help you with completing your application! Contact your Affordable Housing Specialist to discuss if this funding opportunity aligns with your needs.

General inquiries or technical support:

  • Phone at 1-800-668-2642 during business hours from 8:00 a.m. to 7:00 p.m. (ET)
  • Email at