Our flexibilities are available for first, second and pari passu mortgages on any eligible rental property. To be eligible, your project must:
have at least 5 rental units
be at least 70% residential in terms of both floor area and the total loan value
have a maximum loan-to-value ratio of 85%
not be subject to any prohibition under the Prohibition on the Purchase of Residential Property by Non-Canadians Act
In addition, the borrower must have:
proven competence in managing a similar size and type of property
at last five years' multi-unit property management experience (or a property manager with this record)
a net worth of at least 25% of the value of the loan
the ability to guarantee 100% of the loan until you have 12 consecutive months of stable rents
Energy-efficient refunds
For applications received after March 7, 2022, please refer to the energy efficiency incentives available through our MLI Select product.
For applications received prior to March 7, 2022 borrowers with energy efficient projects may qualify for a 10-15% refund on their loan insurance premiums. For more information, please contact one of our Client Relationship Managers.
Find out more
For more details about our mortgage insurance tools, including:
fill out a Certificate of Insurance — application form (PDF) **Important: To use this interactive PDF, right click (Ctrl + click on Mac) the link to save the file, and then open it in Adobe Acrobat.