What if the best opportunity in today’s mortgage market isn’t residential... but building rentals?
In this episode, I sit down with David Mayrand, a broker who specializes in multifamily construction and CMHC’s MLI Select program. We unpack how this powerful financing tool lets developers build purpose-built rentals with as little as 5% down—and how you, as a broker, can plug into it.
Whether you want to refer these deals, run your own, or just understand how to serve investor clients better, this conversation breaks down what’s working, what’s changing, and where the opportunity is.
If you’ve been looking for a way to stand out and diversify, this is a massive opportunity.
We’ll cover:
- Understanding MLI Select - How CMHC’s incentive program allows builders to finance up to 95% of new rental construction—and what “affordable” really means in their model.
- Refinancing with 95% LTV - Why builders who use their own capital are using this program to pull equity out and build again.
- Construction vs. Condo Market - Why purpose-built rentals are on the rise and how they compare to the struggling condo market in major cities.
- Tools for Brokers - David shares a new tech portal brokers can use to run pro forma financing scenarios—even if they’re brand new to multifamily.
- How to Work with David’s Team - Whether you want to refer and earn or learn and grow, David’s team has options that let you plug into their systems, stay in the loop, and get paid.
To connect with David, you can check out the links below
https://portal.maoki.ca/#/login
Follow me on Instagram: www.instagram.com/scottpeckford/
I Love Mortgage Brokering: www.ilovemortgagebrokering.com
Find out more about BRX Mortgage: www.whybrx.com
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I Love Mortgage Brokering is in partnership with Ownwell.
To see how top brokers are keeping clients engaged and generating leads from their database, visit ownwell.ca.
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