Unlocking Multi-Family Success: Our Expertise in CMHC MLI Select

Halpern&Co.
3 days ago
2 min read

At Halpern & Co., we don't just build structures; we build financial futures. As the Toronto housing market evolves, savvy investors and developers are looking for ways to maximize their ROI while contributing to the community's need for high-quality housing.

That is why we have specialized in the CMHC MLI Select program, a game-changing insurance product that rewards projects focused on affordability, energy efficiency, and accessibility.

What is CMHC MLI Select?

MLI Select is a points-based mortgage loan insurance product designed by the Canada Mortgage and Housing Corporation (CMHC). It is specifically tailored for multi-unit residential projects (5+ units) and offers incredible financial incentives for developers who commit to social and environmental outcomes.

The Major Benefits

By hitting point targets in the three categories, developers can unlock terms that were previously unheard of in commercial construction:

Up to 95% Loan-to-Cost (LTC): Minimize your upfront equity and keep your capital liquid for other opportunities.
Up to 50-Year Amortization: Significantly lower your monthly debt service and improve project cash flow.
Reduced Premiums: Lower insurance costs that make your pro forma look much more attractive.
Lower Debt Coverage Ratios: Increased flexibility with a DCR as low as 1.1.

How Halpern & Co. Delivers

Building a project that qualifies for MLI Select is more complex than a standard build. It requires a contractor who understands the technical "points" system from day one.

Strategic Planning: We help align your design with CMHC’s criteria. Whether it’s hitting Energy Efficiency targets (20-40% above code) or ensuring 100% Visitability for accessibility points, we build with the scorecard in mind.
Precision Execution: As we are currently demonstrating at our 87 Knox Ave project, our rough-in and structural phases are handled with the transparency and documentation required for CMHC-backed builds.
End-to-End Management: From navigating the high-leverage financing requirements to managing the 50% labor/material bonding now required by CMHC, we act as your construction "quarterback."

Why Choose This Path?

With the recent removal of HST on purpose-built rentals in Ontario and the waived development charges for multi-unit builds in Toronto, there has never been a better time to build. By utilizing MLI Select, you aren't just building a "rental", you’re building a sustainable, accessible, and highly profitable asset.

Ready to see if your next project qualifies?

Whether you're looking to convert a single-family lot into a 5-unit cash-flow machine or planning a larger development, we have the expertise to get you there.

Mastering CMHC MLI Select and Construction Financing This video provides an expert breakdown of how developers can successfully combine construction financing with the MLI Select program to maximize their project's potential.

Don’t Leave Your Points (or Your Profits) on the Table.

The difference between a standard build and a CMHC MLI Select success story is a contractor who understands the math as well as the masonry. At Halpern & Co., we specialize in the technical precision required to hit your affordability and efficiency targets without sacrificing the luxury of the build.

The windows for these incentives are prime, and the market isn't waiting. Are you ready to turn your vision into a high-leverage reality?