Commercial Mortgage Province Guide 🏢
Commercial Mortgage Ontario — Rates & Broker Matching (2026)
Ontario is Canada's largest commercial real estate market spanning Toronto's ultra-compressed cap rates to more accessible markets in Ottawa, Hamilton, London, and Kitchener-Waterloo.
Market size
Canada's largest
Toronto apt cap rates
3.5–4.5%
Ottawa apt cap rates
4.0–5.0%
Land transfer tax
Applies (1–2%)
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Free consultation from licensed Ontario commercial brokers.
Ontario Commercial Real Estate Market Overview (2026)
Ontario is Canada's largest commercial real estate market spanning Toronto's ultra-compressed cap rates to more accessible markets in Ottawa, Hamilton, London, and Kitchener-Waterloo. CMHC MLI Select is particularly active across Ontario's purpose-built rental market given the province's severe housing shortage. Toronto apartment cap rates of 3.5–4.5% and Ottawa at 4.0–5.0% reflect fundamentally different market dynamics within the same province.
Commercial Property Types in Ontario
Each property type has different financing terms, lender preferences, and market dynamics in Ontario.
Apartment Buildings
Purpose-built rental apartments. Cap rates in Ontario: 3.5–5.0%. CMHC MLI Select available.
Mixed-Use
Retail or office below, residential above. Financing terms depend on the income split.
Retail / Commercial
Single-tenant and multi-tenant retail. Conventional 65–70% LTV. Lease quality is critical.
Construction Loans
Ground-up development financing. Draw-based advances, interest only, converts to permanent.
CMHC MLI Select in Ontario
CMHC MLI Select is available for purpose-built rental apartment buildings across all of Canada including Ontario. The program offers up to 95% LTV and 50-year amortization — the most competitive commercial financing available in Canada.
95%
Max LTV
50 years
Max Amortization
5 residential
Min Units
Commercial Mortgage Brokers in Ontario
Why Use a Commercial Broker
Commercial mortgage brokers in Ontario have access to national banks, life insurance companies, pension funds, credit unions, and CMHC — sources you can't easily access directly. For CMHC insured programs, an experienced broker is essential.
What to Look For
Look for brokers with specific commercial real estate experience — ideally in your property type. Ask how many commercial transactions they complete per year and whether they have experience with CMHC MLI Select applications if relevant.
The LendGuide Difference
LendGuide connects you with licensed commercial mortgage specialists in Ontario who have deep knowledge of the local market. Submit one inquiry — we match you with the right broker for your specific property and financing need.
Commercial Mortgage Ontario — FAQ
Common questions from commercial real estate investors and developers in Ontario.
Get Commercial Mortgage Quotes in Ontario
Connect with a licensed commercial mortgage broker specialising in the Ontario market. Free consultation, no obligation.