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Mis à jour quotidiennement · SCHL et conventionnel

Taux hypothécaires commerciaux Canada — SCHL et conventionnel en direct

Comparez les taux hypothécaires commerciaux assurés SCHL, conventionnels et privés au Canada. Suivez les rendements obligataires, consultez les fourchettes par type de propriété et obtenez une soumission personnalisée.

Taux révisés le:

CMHC MLI Select

4.40%–5.15%

Multi-family 5+ units

Conventional

5.15%–6.65%

Office, retail, industrial

5-Year CMB Yield

3.35% ▲ 0.02

Live CMB tracker →

10-Year CMB Yield

3.8% ▲ 0.03

Historical chart →
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Taux par type de financement

Rate ranges below reflect typical July 2026 market conditions for stabilized Canadian commercial properties. Actual quotes depend on deal strength, LTV, and lender competition.

Type Taux typique
CMHC MLI Select (100+ points) 4.25% – 5.00%
CMHC MLI Standard 4.50% – 5.25%
Conventional (A lender) 5.00% – 6.50%
Conventional (B lender) 6.50% – 8.50%
Bridge / interim 7.00% – 12.00%
Private / MIC 7.00% – 12.00%

Assuré SCHL vs conventionnel

The financing path you choose can save $45,000+ per year in interest on a $3M mortgage. CMHC insurance backstops the lender, unlocking lower spreads and higher leverage on qualifying multi-family deals.

CMHC MLI Select

4.25% – 5.00%

Max LTV
Up to 95%
Amortization
Up to 50 years

New construction or acquisition of 5+ unit rentals hitting affordability/energy points

Learn more

CMHC MLI Standard

4.50% – 5.25%

Max LTV
Up to 85%
Amortization
Up to 40 years

Stabilized apartment buildings without points requirements

Learn more

Conventional Commercial

5.00% – 6.50%

Max LTV
Up to 75%
Amortization
Up to 30 years

Office, retail, industrial, mixed-use without CMHC eligibility

Learn more

Private / Bridge

7.00% – 12.00%

Max LTV
Up to 80%
Amortization
Interest-only common

Construction, value-add, or deals outside bank guidelines

Learn more

Quelle voie convient à votre projet?

Is it a stabilized apartment building with 5+ units?

CMHC MLI Standard or MLI Select will likely deliver the lowest rate and highest leverage.

→ CMHC MLI

Are you building new purpose-built rental with energy/affordability commitments?

MLI Select unlocks 95% LTV and premium discounts — often 0.25%–0.50% below MLI Standard.

→ MLI Select

Is it office, retail, industrial, or mixed-use without CMHC eligibility?

Conventional A-lender financing at 5.0%–6.5% with strong NOI and DSCR 1.20+.

→ Conventional

Do you need speed, construction funding, or flexible underwriting?

Bridge or private lending at 7%–12% — plan a takeout to CMHC or conventional at stabilization.

→ Bridge → CMHC

Taux par type de propriété (2026)

Lenders price every asset class differently. Multi-family with CMHC insurance consistently delivers the lowest rates; hospitality and land carry the highest premiums.

Type de propriété Assuré SCHL Conventionnel
Apartment / purpose-built rental (5+ units) 4.25% – 5.25% 5.25% – 6.50%
Mixed-use (residential over commercial) 4.50% – 5.50% 5.50% – 7.00%
Industrial / warehouse N/A 5.75% – 7.25%
Office (Class A urban) N/A 6.00% – 7.50%
Retail (anchored strip) N/A 6.00% – 7.50%
Hotel / hospitality N/A 7.50% – 10.00%

Taux par province

Regional lender competition and rental fundamentals affect pricing. Ontario and BC typically see the tightest spreads on multi-family CMHC deals.

Province / marché Fourchette SCHL Fourchette conventionnelle
Ontario (Toronto / GTA) 4.25% – 5.00% 5.25% – 6.25%
British Columbia 4.25% – 5.25% 5.50% – 6.75%
Alberta (Calgary / Edmonton) 4.50% – 5.25% 5.50% – 6.50%
Quebec (Montreal) 4.50% – 5.50% 5.75% – 7.00%
Atlantic Canada 4.75% – 5.50% 5.75% – 7.25%

Comment les taux commerciaux sont fixés

Unlike residential mortgages with posted rates, commercial rates are bespoke. Lenders start with the bond yield for your term, then add a spread based on deal risk.

1

Benchmark bond yield

5-year GoC yield (currently ~3.20%) sets the floor for 5-year fixed commercial rates

2

Lender spread

Typically 1.0%–2.5% above bond yield depending on property type, LTV, and sponsor strength

3

CMHC premium discount

MLI Select points can reduce insurance premiums, effectively lowering your all-in rate

4

Your quoted rate

Bond yield + spread − CMHC discounts = your commercial mortgage rate

Track live bond yields on our CMB rates page or read the full commercial mortgage rates guide .

Calculateurs gratuits

Model your deal before requesting a quote. Our tools go beyond basic payment calculators — they compare CMHC programs and analyze cash flow.

Commercial Mortgage Calculator

Estimate monthly P&I, LTV, and DSCR for office, retail, industrial, and multifamily deals

Open tool

CMHC MLI Max Loan Calculator

AI document upload, MLI Select vs Standard comparison, max loan estimate

Open tool

MLI Select vs Conventional

Side-by-side cost comparison: CMHC insured vs conventional financing

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Multifamily Cash Flow Analyzer

NOI, DSCR, cap rate, and debt service for apartment buildings

Open tool

DSCR Calculator Canada

Debt service coverage ratio for cash-flow-based qualification

Open tool

Live CMB Rate Tracker

Daily 5-year and 10-year bond yields that drive fixed commercial rates

Open tool

Mortgage Payment Calculator

Estimate monthly payments with CMHC premium and amortization options

Open tool

Guides et ressources

How Commercial Mortgage Rates Work

Educational deep dive — bond yields, spreads, DSCR, and negotiation levers

Best Commercial Mortgage Lenders Canada

Compare 50+ CMHC-approved and conventional lenders

CMHC Insured vs Conventional Commercial Mortgage

When CMHC insurance beats conventional — and when it doesn't

Commercial Mortgage Down Payment Canada

LTV requirements by property type and financing path

Fixed vs Variable Commercial Mortgage

Rate type strategy for commercial investors

Multifamily Mortgage Rates Canada

Apartment building rate trends and CMHC pricing

Commercial Financing Options Guide

Complete overview of term loans, bridge, CMHC, and private

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FAQ

FAQ — Taux hypothécaires commerciaux

Parcourez nos questions les plus fréquemment posées ci-dessous.

FAQ — Taux hypothécaires commerciaux

As of July 2026, CMHC-insured multi-family rates start around 4.25% for MLI Select deals with 100+ points. Conventional commercial rates for stabilized properties typically range from 5.0% to 6.5%. Private and bridge financing runs 7% to 12%. Rates shift with bond yields and Bank of Canada policy — check our live CMB tracker for today's benchmark.
Yes, consistently. CMHC insurance backstops the lender, reducing credit risk and allowing tighter spreads. On a $3 million mortgage, the difference between 4.50% CMHC and 6.00% conventional equals roughly $45,000 per year in interest savings.
Commercial rates are typically 0.50% to 2.00% higher than residential rates for comparable terms, because commercial underwriting focuses on property NOI and DSCR rather than personal income. However, CMHC-insured multi-family can price below residential investment property rates due to government insurance.
Fixed commercial mortgage rates are priced as a spread above Government of Canada bond yields. The 5-year GoC yield directly drives 5-year fixed commercial quotes. When bond yields rise 0.25%, expect commercial fixed rates to follow within days. Track live yields on our CMB rates page.
Most A-lenders require a minimum DSCR of 1.20x for conventional commercial mortgages — meaning NOI must cover debt service by at least 120%. CMHC MLI Standard requires 1.10x. Stronger DSCR (1.30+) typically earns tighter rate spreads.
Commercial rates are deal-specific, so there is no single posted rate. Use our CMHC MLI calculator for a preliminary max loan estimate, then book a free strategy call for a custom rate quote from 50+ lenders matched to your property type and deal structure.
Ontario commercial rates, especially in Toronto and the GTA, are among the most competitive in Canada. CMHC-insured multi-family typically runs 4.25%–5.00%; conventional stabilized deals 5.25%–6.25%. Deep lender competition in Ontario often produces spreads 0.10%–0.25% below national averages.
Most commercial investors choose 5-year fixed terms for flexibility at renewal. 10-year terms offer rate certainty for long holds but carry a term premium. CMHC allows amortizations up to 50 years on MLI Select, which lowers payments even on shorter terms.

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