(438) 522-2284

Investing in Multiplexes with APH Select

Discover the benefits of investing in multiplexes with the APH SÉLECT program (Mortgage Loan Insurance) from SCHL, an essential solution for maximizing leverage when acquiring residential rental property.

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Benefits of the APH SELECT Program

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Understanding APH SELECT

The APH SÉLECT program is a points system, based on 3 different incentive criteria for earning points and being eligible for the relaxations offered by the program. These incentives are available for both new construction income properties and existing income properties; the building must contain 5 or more residential units. The criteria are 1- Affordability, 2- Energy Efficiency, and 3- Accessibility.

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Affordability

Affordability

This result is evaluated based on the percentage of dwellings in the total that have a rent equal to or lower than the threshold established for the targeted market.

Energy Efficiency

Energy Efficiency

This result is evaluated based on the improvement in energy efficiency compared to the baseline, which varies depending on whether the building is new or existing.

Accessibility

Accessibility

This result is evaluated based on the level of accessibility and adaptability that the building's design ensures.

Benefits of the APH SELECT Program

The APH SÉLECT program from CMHC transforms real estate investment through its flexible and favorable conditions, making the acquisition of rental properties more accessible and economically viable.

Down Payment Reduction

APH SÉLECT allows for a down payment of 5% to 15%, compared to 15% to 35% in standard programs. This results in greater leverage, in addition to the fact that the economic value of the building will be higher due to the calculation based on the debt coverage ratio of 1.1 and an amortization period of up to 50 years.

Extended Amortization Period

Possibility of an amortization period of up to 50 years, offering more financial flexibility. The maximum amortization allowed outside of the APH SÉLECT program is 25 years; the program allows for mortgage amortization from 40 to 50 years, depending on the number of points obtained.

Favorable Debt Coverage Ratio

A reduced debt coverage ratio of 1.1, instead of the standard 1.3, facilitating access to financing by allowing for a higher economic value.

Valérie De Foy

Residential and Commercial Real Estate Broker

Phone

C. (438) 522-2284
O. (450) 466-4000

Address

126 rue St-Louis
Longueuil, Québec, J4R 2L5

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E-mail

valerie.defoy@remax-quebec.com

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