MLI Select Closing Costs Alberta Investors Should Budget For

When Alberta investors close a CMHC-insured multi-unit loan, the cash due at funding is more than the equity cheque. The label MLI Select closing costs Alberta investors covers CMHC’s published fees and premiums, provincial registration fees, and third-party costs your lender and lawyer will quote in writing. Our older MLI Select closing costs breakdown covered the topic in 2025. This update uses CMHC’s 2025-2026 fee schedules and Alberta’s October 2026 Land Titles schedule.

See also MLI Select premium reduction per point tier and how MLI Select mortgage insurance works. For construction-stage premiums versus purchase or refinance premiums, compare the two columns in CMHC’s Fees and Premiums sheet linked below.

Last updated: October 19, 2026. This article reflects CMHC’s MLI Select page (September 21, 2026), the Multi-unit Fees and Premiums sheet (20250513-002A), the MLI Select fact sheet (20251029-008A), Alberta’s Land Titles Common Documents Fee Schedule (effective October 1, 2026), and the CRA purpose-built rental housing rebate page.

CMHC application fees and MLI Select premiums

The Multi-unit Fees and Premiums at-a-glance PDF (©2025, form 20250513-002A) is the source for the numbers below. CMHC says the sheet is subject to change and that you should verify you have the latest version before a loan is processed.

Application fees (5+ unit properties)

CMHC says the application fee is payable by the lender at application, may be added to the insured loan amount, and that CMHC retains a portion (minimum 10%) if the application is declined or withdrawn, and the full fee once a Certificate of Insurance is issued.

Insurance premiums — standard rental housing

MLI Select discounts: 10% (min. 50 points), 20% (min. 70 points), 30% (min. 100 points), applied to the base premium plus applicable surcharges. Surcharges listed on the same sheet include 0.25% on the net loan amount for every five-year period of amortization beyond 25 years; 1.00% on the non-residential loan portion; 0.50% on the outstanding first-mortgage balance when there is a second mortgage; and 0.25% where effective gross income is not met at the first advance (not applicable for construction financing).

These percentages are the official published rates for the MLI Select closing costs Alberta investors conversation. Your certificate will show the premium CMHC actually charges on your loan.

Alberta Land Titles fees that show up on closing

Alberta’s Land Titles and Surveys Common Documents Fee Schedule (updated fee schedule effective October 1, 2026) lists:

The register a land title document page notes that the Land Titles Registration Levy (in force October 20, 2024) raised the sliding scale to $5 per $5,000 for both transfers and mortgage registrations. The October 1, 2026 schedule already reflects $5 per $5,000 on those lines. Confirm the schedule that applies on your registration date.

Hypothetical example. Registering a $10,000,000 mortgage at the published schedule is $50 + ($5 × 2,000) = $10,050 in Land Titles mortgage fees alone, before lawyer disbursements. This example uses only the published formula.

A closing-cost checklist for Alberta investors

For MLI Select closing costs Alberta investors, budget the verified items, then add written quotes for everything else:

1. CMHC application fee — from the Fees and Premiums sheet (table above).
2. CMHC insurance premium — from the LTV tables, plus surcharges, minus the MLI Select discount for your points.
3. Alberta Land Titles — mortgage and, if applicable, transfer fees from the October 1, 2026 schedule.
4. Lender items — ask for a written list (appraisal, environmental, quantity surveyor, progress inspection). CMHC’s sheets do not publish those dollar amounts.
5. Legal fees and disbursements — lawyer quote only.
6. Tax — GST on self-supply and any CRA PBRH rebate timing; Alberta does not use HST.
7. Holdbacks — CMHC’s MLI Select fact sheet says a rental achievement holdback may apply on new construction.

Compare purchase and refinance premium columns carefully: “All other loan purposes” rates are lower than construction financing at the same LTV in CMHC’s Fees and Premiums sheet. See also MLI Select Alberta guide and MLI Select mortgage approval process timeline.

Alberta notes

Alberta registration rules are a fixed part of any MLI Select closing costs Alberta investors budget once a mortgage or transfer is registered.

• Fee schedule date: October 1, 2026 Common Documents Fee Schedule from Service Alberta and Red Tape Reduction.
• In-person Land Titles service in Calgary and Edmonton remains paused per Alberta’s land titles pages; support continues by phone and email.
• CRA purpose-built rental housing rebate: 100% of GST or the federal part of HST on qualifying projects where construction begins after September 13, 2023 and before 2031 and is substantially completed before 2036, with unit and rental tests. Not a substitute for CMHC premium quotes.
• Confirm municipal development and building-permit fees with Calgary or Edmonton.

Frequently asked questions

What are the main MLI Select closing costs Alberta investors items CMHC publishes?

CMHC’s Multi-unit Fees and Premiums sheet lists application fees per unit/bed and insurance premiums by loan-to-value for construction financing and all other loan purposes, plus surcharges and MLI Select premium discounts. Lawyer, appraisal and lender admin fees are not in that sheet.

How much is the CMHC multi-unit application fee?

For properties with 5+ units, base application fees are $150 per unit or $100 per bed (up to 2 advances) or $200 per unit or bed (greater than 2 advances) for the first 100 units/beds, then $100 per unit or bed, to a maximum of $50,000 or $55,000 per loan. An additional $350 per advance applies beginning with the third CMHC-approved advance when more than two advances are used.

What MLI Select premium discounts apply?

The Fees and Premiums sheet lists MLI Select discounts of 10% at a minimum of 50 points, 20% at 70 points, and 30% at 100 points, applied to the base premium plus applicable surcharges.

What Alberta Land Titles fee applies to a mortgage?

Alberta’s Common Documents Fee Schedule effective October 1, 2026 lists Mortgage at $50 plus $5 per $5,000 of the principal amount. Transfer of Land is $50 plus $5 per $5,000 of the value of the land.

Does Alberta charge land transfer tax like some provinces?

Alberta’s Land Titles pages describe registration fees under the Tariff of Fees Regulation and the Common Documents Fee Schedule. They do not describe a separate provincial land transfer tax like Ontario’s. Confirm with your lawyer for your transaction type.

Are lawyer and appraisal fees published by CMHC or Alberta?

No. CMHC’s and Alberta’s published fee sheets do not list a standard lawyer or appraisal fee for multi-unit MLI Select closings. Ask your lawyer and lender for written quotes.

Does the GST/HST purpose-built rental housing rebate reduce closing costs?

The CRA’s PBRH rebate can return 100% of GST or the federal part of HST on qualifying purpose-built rentals when conditions are met. It is a tax rebate, not a CMHC closing-cost schedule. Check CRA eligibility and timing separately.

Sources

• CMHC: MLI Select (date published September 21, 2026)
• CMHC: Multi-unit Fees and Premiums at a glance (PDF, 20250513-002A)
• CMHC: MLI Select fact sheet (PDF, 20251029-008A)
• Government of Alberta: Land Titles and Surveys Common Documents Fee Schedule (PDF, effective October 1, 2026)
• Government of Alberta: Register a land title document or plan
• Canada Revenue Agency: GST/HST purpose-built rental housing rebate
• CMHC: Standard Rental Housing fact sheet (PDF, 20251110-005A)

This article is general information, not legal, tax, financial, or professional advice. MLI Select terms are set by CMHC and may change. Confirm current requirements with CMHC, an approved lender, and qualified professionals before making decisions.

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