Navigating CMHC Multi-Unit Insurance Post-June Policy Changes: What Investors Need to Know

Josh Perez • August 28, 2024

Is CMHC multi-unit insurance for investors dead after the recent policy changes in June? The answer is no, but the landscape has shifted, and it's crucial to understand these changes to navigate the new opportunities they present.

"The door has opened for value-add and BRRRR investors to get into better financing terms, categorized under new construction with this change."

One of the most impactful changes from this past June involves the classification of projects under CMHC’s MLI Select program, specifically concerning existing properties versus new construction. Many investors might not realize that CMHC MLI Select employs different point systems depending on whether a property is classified as existing or new construction.


In Canada, new construction is heavily incentivized through various financing programs, municipal development charges, and other benefits that don’t necessarily apply to existing apartment buildings. This incentivization makes it easier for projects categorized as new construction to earn more points, leading to better financing terms—like extended amortizations and higher loan-to-value ratios.


With the recent changes in June, the criteria for what qualifies as new construction have broadened. Now, certain existing structures can be categorized under new construction if they meet specific conditions. For instance, if a previous residential or commercial space was demolished to add additional residential units, or if commercial units are converted into residential spaces, these projects might now qualify for the new construction bucket within the MLI Select program.


This shift opens doors for value-add and BRRRR (Buy, Rehab, Rent, Refinance, Repeat) investors to secure better financing terms by fitting their projects into this newly defined category of new construction. While these criteria are often case-specific and require careful planning, the potential benefits make it worthwhile for investors looking to maximize their financing options.



If you're working on an apartment building project or exploring opportunities to expand your real estate portfolio, now is the time to take advantage of these changes. To discuss how these updates might apply to your projects and to explore the best financing terms available, feel free to schedule a call with me or send a DM. Let’s work together to optimize your investment strategy in this evolving market.

Josh Perez
GET STARTED

Co-Signing a Mortgage in Canada: Pros, Cons & What to Expect

By Josh Perez • May 20, 2026
Co-Signing a Mortgage in Canada: Pros, Cons & What to Expect Thinking about co-signing a mortgage? On the surface, it might seem like a simple way to help someone you care about achieve homeownership. But before you sign on the dotted line, it’s important to understand exactly what co-signing means—for them and for you. You’re Fully Responsible When you co-sign, your name is on the mortgage—and that makes you just as responsible as the primary borrower. If payments are missed, the lender won’t only go after them; they’ll come after you too. Missed payments or default can damage your credit score and put your financial health at risk. That’s why trust is key. If you’re going to co-sign, make sure you have a clear picture of the borrower’s ability to manage payments—and consider monitoring the account to protect yourself. You’re Committed Until They Can Stand Alone Co-signing isn’t temporary by default. Even once the initial mortgage term ends, you won’t automatically be removed. The borrower has to re-qualify on their own, and only then can your name be taken off. If they don’t qualify, you stay on the mortgage for another term. Before agreeing, talk openly about expectations: How long might you be on the mortgage? What’s the plan for eventually removing you? Having these conversations upfront prevents surprises later. It Affects Your Own Borrowing Power When lenders calculate your debt service ratios, the co-signed mortgage counts as your debt—even if you never make a payment on it. This could reduce how much you’re able to borrow in the future, whether it’s for your own home, an investment property, or even refinancing. If you see another mortgage in your future, you’ll want to consider how co-signing could limit your options. The Upside: Helping Someone Get Ahead On the positive side, co-signing can be life-changing for the borrower. You could be helping a family member or friend buy their first home, start building equity, or take an important step forward financially. If handled with clear expectations and trust, it can be a meaningful way to support someone you care about. The Bottom Line Co-signing a mortgage comes with both risks and rewards. It’s not a decision to take lightly, but with careful planning, transparency, and professional advice, it can be done responsibly. If you’re considering co-signing—or want to explore safer alternatives—let’s connect. I’d be happy to walk you through what to expect and help you decide if it’s the right move for you.

Why a Mortgage Pre-Approval Protects Both Your Head and Your Heart

By Josh Perez • May 13, 2026
Why a Mortgage Pre-Approval Protects Both Your Head and Your Heart There’s no denying it—buying a home is an emotional journey. In a competitive market, it can feel like you need to stretch beyond your comfort zone or bid above asking just to have a chance. That pressure can make it hard to separate what you want from what you can realistically afford. One of the biggest pitfalls buyers face is falling in love with a home that’s outside their price range. Once that happens, every other property seems like a compromise—even the ones that might have been a perfect fit otherwise. The best way to avoid this heartache? Get pre-approved before you start shopping. What a Pre-Approval Does for You A mortgage pre-approval gives you more than just a number—it provides clarity, confidence, and protection: Know your buying power : Shop within your true price range and avoid disappointment. Spot potential roadblocks : Uncover issues like credit bureau errors before you make an offer. Get organized : Learn exactly what documentation you’ll need so there are no surprises. Lock in a rate : Many lenders hold your rate for 30–120 days, giving you peace of mind if rates rise. Save yourself heartache : Protect yourself from falling for a home you can’t afford. Head vs. Heart Buying a home is about balance. Your head tells you what’s financially sound, your heart tells you what feels right—and both matter. A pre-approval helps bring those two sides together, so you can make confident choices without emotional stress clouding your judgment. The Bottom Line Looking at properties for fun is one thing—but if you’re serious about buying, a pre-approval is the smartest first step you can take. It sets realistic expectations, saves time, and protects your emotions along the way. If you’d like to explore your options and get pre-approved, I’d be happy to walk through the process with you. Let’s make sure you’re ready to shop with confidence.