Toronto is Canada's largest and most undersupplied rental market — and MLI Select is the most powerful financing tool available to apartment developers, mid-rise builders, and multi-family investors in the GTA. LendCity™ helps Toronto sponsors structure 95% LTV deals with 50-year amortization and points-based premium discounts.
Toronto has the largest gap between market rent and 80% of Average Market Rent (AMR) in Canada, which means affordability points are easier to capture here than in lower-priced markets. Combined with per-unit construction costs of $300K–$500K+, MLI Select's 95% LTV materially reduces the equity needed to build, acquire, or refinance purpose-built rental in the GTA.
95% LTV financing on Toronto multi-family means a sponsor can hold less equity per door, scale faster, and keep cash available for the high closing costs that come with GTA acquisitions.
Toronto Green Standard already pushes new buildings toward high-performance envelopes — most modern mid-rise designs in the city can earn meaningful MLI Select energy points with modest upgrades.
Because Toronto market rents are so far above 80% AMR, even partial affordability sets (e.g. 10–20% of units) can deliver 30–50+ affordability points without crushing pro-forma rents.
Universal-design Toronto buildings near transit hit accessibility point thresholds quickly, especially when paired with elevators and barrier-free common areas required by the Ontario Building Code.
With Toronto cap rates compressed, a 50-year amortization is often the difference between a deal that pencils and one that doesn't — MLI Select pushes amortization further than any conventional product.
Toronto's deep rental fundamentals and CMHC-backed insurance combine to give MLI Select files the most predictable underwriting path among GTA multi-family financing options.
Whether you're building from the ground up in North York or repositioning a midtown walk-up, MLI Select unlocks 95% LTV financing across every major Toronto multi-family scenario.
Finance new Toronto mid-rise, low-rise, and stacked townhouse projects with 95% LTV through MLI Select. We work with builders along the Yonge corridor, Eglinton Crosstown, and Lakeshore where Toronto Green Standard envelopes already align with MLI Select energy point thresholds.
Purchase existing Toronto multi-residential — walk-ups in the Beaches, mid-rise in North York, garden-style in Scarborough — and refinance into MLI Select once the building meets affordability and efficiency thresholds. With Toronto rents far above 80% AMR, capping a portion of units as affordable is often the cleanest path to MLI Select qualification on existing stock.
Refinance existing conventional or MLI Standard mortgages on Toronto buildings into MLI Select. Many GTA owners are sitting on significant appreciation but stuck at 65–75% LTV — moving to MLI Select can unlock equity for the next acquisition while extending amortization to 50 years.
Toronto's Bill 23 ARU/SDU rules and small-bay multi-residential conversions in midtown create new MLI Select opportunities — convert single-family, semi-detached, or under-utilized commercial properties into purpose-built rental and lock in 95% LTV financing on the stabilized building.
MLI Select has consistent national criteria, but how you hit them in Toronto looks different than in smaller markets. Below are the eligibility basics — plus the benefits Toronto sponsors get when they work with a broker who structures these files every week.
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Everything you need to know about mli select financing for toronto projects.
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