Calculate Your Purchase Price
See what you can buy.
List what you own and what you owe, and we’ll add up your net worth and liquidity live, and estimate the size of building you could buy with CMHC MLI Select. Not sure of your numbers? Read the simple guide below first.
Good to know
Where most investors start.
Investors are generally expected to have approximately $550,000 in net worth and approximately $200,000 in liquid assets.
Many first-time investors partner with family or friends, and you can combine your net worth and liquidity together to qualify.
Meets the ~$550K guideline.
Meets the ~$200K guideline.
Buying power
Your numbers
CMHC wants your net worth to be at least 25% of the building price, and about 10% of the price in liquidity. Your 5% down payment is drawn from that liquidity. Fill in what applies; skip what doesn’t.
01 · Assets
What you own
Owned assets$1,100,000
Cash and investments you could sell quickly go in the Liquidity section below, and we count them in your net worth automatically, so you never enter a number twice.
02 · Liabilities
What you owe
Total liabilities$550,000
03 · Liquidity
What you can move fast
Total liquidity$200,000
Cash and stocks you own count toward both liquidity and net worth. Available credit (HELOC, credit lines) counts toward liquidity only, since borrowing room isn't owned wealth.
Heads up: we generally don’t look at buildings under $2.0M.
Net worth
$550,000
Assets − liabilities
Total liquidity
$200,000
$200,000 owned + $0 credit
Estimated building you could buy
$2.0M
Limited by your liquidity.
Down payment (5%)
$100,000
Liquidity to show (10%)
$200,000
Est. insured loan (95%)
$1,900,000
Net-worth ceiling
$2.2M
Liquidity ceiling
$2.0M
Your equity in
$100,000
The simple guide
Net worth vs. liquidity, made easy.
What is net worth?
Net worth is everything you own minus everything you owe.
For MLI Select, your net worth should be at least 25% of the building price.
What is liquidity?
Liquidity is cash, or things you can turn into cash quickly. CMHC counts cash, stocks, half of your RRSP, a small amount of gold, HELOCs, and other lines of credit. You need at least 10% of the building price in liquidity, 15% is even better.
Liquidity also counts toward your net worth (but not the other way around). On a $10M building you’d need about $1M liquid; that same $1M also counts as 10% of your 25% net-worth requirement, so you’d only need to show another 15% in other assets.
Know your numbers?
Tell us what you’re working with and we’ll bring the building to you.
This calculator is an illustrative tool, not an offer of financing or financial advice. Program parameters are set by CMHC and subject to change; actual terms, premiums, and approval depend on the specific building and applicant.
