Calgary’s multifamily market continues to grow, supported in part by CMHC’s MLI Select program, which is designed for multi-unit residential rental properties with 5 units or more. The program provides more flexible mortgage loan insurance when a project meets affordability, energy-efficiency, or accessibility criteria.
According to CMHC, MLI Select may offer:
- Higher loan-to-value financing, which can reduce upfront equity requirements
- Extended amortization periods — up to 50 years
- Potential reductions in mortgage insurance premiums
A point-based scoring system that rewards projects achieving stronger outcomes in affordability, accessibility, or energy performance
These incentives have supported an increase in purpose-built rentals and multi-unit developments in Calgary, creating new opportunities for investors focused on long-term, income-producing properties.
If you’re interested in how programs like MLI Select relate to multifamily opportunities in Calgary, feel free to reach out — I’m always happy to walk you through what’s happening in the market right now.