At Commercial Multi-Prêts - Elite Team, our large mortgage volume of several hundred million dollars allows us to obtain the best rates on the market from both virtual and traditional lenders. Please note that it is possible to guarantee your multi-unit mortgage rate up to 90 days in advance with a slight increase. Check with your commercial mortgage broker.

Please note that it is possible to guarantee your multi-unit mortgage rate up to 90 days in advance with a slight increase. Check with your commercial mortgage broker.

Rates are subject to change without prior notice.

CMHC insured mortgage rates as of September 8, 2021

Financing plan 5 years term 10 years term
Less than $ 500,000 2,82% 3,27%
Between $ 500,000 and $ 750,000 2,72% 2.97%
Between $ 750,000 to $ 1M 2,64% 2,95%
Between $ 1M and $ 1,5M 2,48% 2,80%
Between $ 1,5M and $ 2M 2,44% 2,75%
Between $ 2M and $ 3M 2,39% 2,70%
Between $ 3M and $ 5M 2,34% 2,65%
Between $ 5M and $ 7M 2,28% 2,60%
Between $ 7M and $ 10M 2,23% 2,55%
Over $ 10M 2,19% 2,50%

CMHC conventional uninsured mortgage rates as of September 8, 2021

Financing plan 5 years term 10 years term
Less than $ 500,000 3.87% N/A
Between $ 500,000 and $ 750,000 3.77% N/A
Between $ 750,000 to $ 1M 3.67% N/A
Between $ 1M and $ 3M 3.37% N/A
Between $ 3M and $ 5M 3.27% N/A
Between $ 5M and $ 10M 3.22% N/A
Over $ 10M 3.17% N/A

Commercial and Industrial Rates

Commercial rates depend on several parameters related to the building and its owner, including:

  • Location
  • The physical quality of the property
  • The composition of its tenants
  • The deadline of the commercial leases
  • The nature of the activities of the operators of the building
  • The amount of the financing
  • The owners’ financial strength

Thus, it is difficult to provide you with the current rates without a preliminary analysis of your financing request. Please feel free to contact one of our commercial mortgage brokers for more information.