CMHC's program for five-plus-unit rental projects.
A CMHC multi-unit mortgage-insurance program for buildings of five or more units that rewards affordability, energy efficiency and accessibility with better financing terms.
At least five. That's why a sixplex, or a fourplex plus a garden suite, is a common target.
Higher loan-to-value (up to ~95% at the top tier), longer amortization (up to ~50 years) and a lower debt-coverage requirement (as low as ~1.10), depending on points earned.
Mainly by committing units to affordable rents, building above-code energy performance, and adding accessible units. Affordability is usually the heaviest-weighted pillar.
Affordability is the most common way to earn enough points, so most projects commit a share of units to defined affordable rents for a set period.
Yes — it applies to purchase and refinance of existing rentals as well as new construction, subject to CMHC's criteria.
No — CMHC updates the program periodically. Always confirm the current point tiers and benefits with CMHC before underwriting a deal.
As-of-right unit potential shown here is a planning guide generated from Toronto's multiplex and Expanding Housing Options in Neighbourhoods (EHON) permissions, not legal advice. Always confirm what a specific lot allows with the City of Toronto or a qualified planner before purchasing or designing.
