A residential property constructed or substantially renovated specifically to be held as rental units rather than owned-occupied or condominium units. Purpose-built rentals (PBRs) receive preferential financing terms and CMHC programs like ACLP, making them attractive investments for multifamily portfolios. PBRs address rental housing shortages across Canadian markets.
Related Articles
- Seniors Housing Financing Canada: CMHC MLI Select Guide
Finance seniors housing and assisted living with CMHC MLI Select in Canada. Eligibility, accessibility points, and investment strategies.
← Mortgage & Real Estate Glossary 2026 · Editorial standards