Multiplex & Multi-Family Financing
Grow your real estate portfolio with financing built for duplexes, triplexes, fourplexes, and apartment buildings across British Columbia. We structure deals that leverage rental income to maximize your borrowing power.
Property Types
Property Types We Finance
From owner-occupied duplexes to large-scale apartment projects, we have the lender relationships and structuring expertise to fund every type of multi-family property in BC.
Duplex
Side-by-side or up-down duplexes, whether owner-occupied with a rental suite or fully tenanted as an investment property. Qualify with as little as 5% down when you live in one unit.
Triplex & Fourplex
Three and four-unit properties that still qualify under residential mortgage guidelines with up to 4 units. Use rental income from the additional suites to dramatically improve your qualification.
5+ Unit Apartment Buildings
Properties with five or more units are classified as commercial and evaluated on Net Operating Income (NOI) and Debt Service Coverage Ratio (DSCR) rather than your personal income.
New Construction Multi-Family
Purpose-built rental construction financing including townhome complexes and apartment projects. Draw-schedule funding with takeout mortgage arranged upfront.
Rental Income Advantage
How Rental Income Helps You Qualify
Lenders use 50–80% of gross rental income to offset your mortgage payments, dramatically improving your qualification. This means a well-tenanted multiplex can actually be easier to qualify for than a single-family home at the same price point.
The key threshold to understand: properties with 1–4 units qualify under residential underwriting guidelines, which means easier approval, lower rates, and access to CMHC insurance. Properties with 5+ units fall under commercial underwriting, where the Debt Service Coverage Ratio (DSCR) of the property itself becomes the primary qualification factor.
Qualification at a Glance
Use 50% of rental suite income to qualify
Use up to 80% of rental income to qualify
DSCR must exceed 1.2x for approval
Construction draw + takeout mortgage arranged
Rates & Down Payments
Down Payment & Rate Guide
Rates and requirements vary based on the number of units and whether you're owner-occupying. Here's a general guide to help you plan your multiplex investment.
Residential (1-4 Units)
Insurable with CMHC for owner-occupied properties. Lower rates available through default insurance. Qualifies under standard residential guidelines with rental income add-back.
Small Commercial (5-20 Units)
Evaluated on property income and DSCR. Lenders focus on Net Operating Income, cap rate, and building condition. Professional appraisal with income approach required.
Large Multi-Family (20+ Units)
CMHC MLI Select program available for eligible properties, offering premium rates for energy-efficient or affordable housing projects. Institutional lender terms.
Documentation
What You'll Need to Get Started
Multi-family mortgage applications require more documentation than a standard residential purchase. Having these items ready upfront accelerates your approval timeline significantly.
Application Checklist
Ready to Scale Your Portfolio? Let's Talk.
Free consultation for multiplex and multi-family mortgage borrowers across BC. Whether it's your first duplex or a 50-unit apartment building, we'll structure the right deal.