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What is the MLI Select affordable rent here?

Calculate the MLI Select affordable rent for a Canadian market: 30% of CMHC median renter income, and the unit share that earns affordability points.

Affordable rent

$1,347.50/ month

Toronto CMA · $53,900 a year

New construction

50 points
3 of 24

10%

70 points
4 of 24

15%

100 points
6 of 24

25%

2027 increase cap 0.7%

2019 CMHC incomes

Project type

At least 5 units. Retirement homes need 50.

Commitment

Not financial or mortgage advice. MLI Select terms

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