On July 3rd, CMHC announced changes on implementing premium updates for MLI Select construction.  

Increases to multi-unit MLI premiums were made, along with changes to amortization periods.  

In terms of rental achievement holdbacks, there will no longer be a policy requirement for MU loan applications submitted under the MLI market rental product. Therefore, loans can be advanced up to 85% of the loan-to-cost/loan-to-value (whichever is less) without the need for a rental achievement holdback. 

The attached policy changes are effective July 14th, 2025, and will be applied to applications submitted on or after the effective date. UDI will be discussing next steps with the UDI Rental Issues Committee. 

More information on the update can be found in the changes to MU MLI premiums and rental achievement holdbacks.