CMHC MLI Select · Multifamily · Alberta
Own Alberta apartment buildings with 5% down.
Why are Ontario investors buying apartment buildings in Alberta? Silver Spear Realty helps qualified investors buy brand-new, turnkey, professionally managed, cash-flowing multifamily buildings in Alberta with as little as 5% down, below prime interest rates, and up to 50-year mortgages, using CMHC’s MLI Select program. A truly passive investment at institutional scale.
This won’t last forever. For the first time in history, everyday investors, not just big institutions, can own apartment buildings. But CMHC keeps tightening who qualifies for MLI Select. Where else in the world can you buy a whole apartment building with just 5% down?
Up to 95%
Loan-to-value financing
as little as 5% down
50 years
Maximum amortization
vs. ~25–30 conventional
Below-market
Insured interest rates
10-year terms available
1.10×
Minimum debt coverage
CMHC requires buildings to be cash flow positive
The opportunity
A government program that does the heavy lifting for you.
MLI Select is CMHC’s program for apartment buildings of five units and up. Because the government insures the loan, lenders can offer terms no normal commercial deal can match.
That means a small down payment, a 50-year mortgage that keeps your payment low, and a rate locked in for up to 10 years. Silver Spear Realty does the rest, we find the right Alberta building and make sure the deal actually qualifies.
Learn how MLI Select works →Why MLI Select
Four advantages that work in your favour.
Tiny down payment
CMHC insurance lets you buy with as little as 5% down. Where else can you buy a whole apartment building for 5%? Your cash controls far more real estate than a normal 20–35% down deal.
50-year mortgage
You can pay the loan back over up to 50 years. A longer payback means a much smaller payment each year, and that is what leaves real cash flow in your pocket.
Lower, insured rates
Because the government insures the loan, lenders charge a lower interest rate than normal commercial loans. You can lock that rate in for up to 10 years.
Built-in rewards
Buildings that are affordable, energy-efficient, or accessible earn points. More points means an even smaller down payment, lower fees, and better terms.
Do you qualify?
The four numbers CMHC looks at.
≥ 25%
Net worth
Your net worth should be at least 25% of the building price. Net worth = what you own minus what you owe.
5%
Down payment
As little as 5% of the price goes in as your down payment.
10%
Liquidity
Cash you keep on hand, on top of your down payment, equal to about 10% of the price.
Positive
Cash flow
The building must make money. CMHC only insures deals that earn more than they cost to run.
How buying works
A clear path, from first call to collecting rent.
We hold your hand through the whole thing. You stay in control; we handle the heavy lifting, sourcing, numbers, financing, and management.
- 01
Book your consultation
A short, private call about your goals and what you can buy. No pressure, no obligation.
- 02
Confirm what you qualify for
We look at your net worth and liquid cash to find the building size that fits you.
- 03
We match you to buildings
Brand-new, turnkey Alberta buildings that qualify for MLI Select and cash flow from day one.
- 04
Run the numbers together
We show you every deal the way a lender sees it, rent, costs, payment, and cash flow.
- 05
Financing & approvals
We connect you with CMHC-approved mortgage pros and handle all the applications for you.
- 06
Inspections to closing
We coordinate inspections, financing, and closing so nothing falls through the cracks.
- 07
Keys & management
Local Edmonton property management takes over. You collect the cash flow.
Let’s see what you qualify for.
A short, private call about your money, your goals, and the Alberta buildings that fit. No obligation, just a clear read on what you can buy with MLI Select.