Cameron Stephens Adds CMHC-Insured Commercial Mortgage Financing to its Lending Platform

Cameron Stephens adds CMHC-insured commercial mortgage financing to its conventional lending platform, expanding borrower options across construction and term solutions.

TORONTO--(BUSINESS WIRE)--Cameron Stephens Mortgage Capital Ltd. ("Cameron Stephens"), a leading Canadian commercial real estate investment manager, today announced that it has been approved by Canada Mortgage and Housing Corporation (CMHC) as an NHA Approved Lender for the underwriting and administration of multi-unit residential properties of 5+ units in the provinces of Alberta, British Columbia, Manitoba, and Ontario under the National Housing Act.

This allows the firm to add CMHC-insured commercial mortgage financing to its existing lending platform. The move gives borrowers access to lower-cost, longer-amortization, government-backed financing options alongside the firm's established conventional mortgage products.

Canada is facing a generational housing supply challenge, and CMHC-insured financing has become one of the most powerful tools available to address it. This expansion comes at a pivotal moment for Canadian real estate development, as the urban condominium market has experienced a sharp and prolonged contraction.

Across the country, developers who built their business models around presale condo financing are reassessing their strategies. Many are converting stalled condo projects to purpose-built rental, while others are pursuing rental from the outset as a more viable path forward. According to CMHC, national housing starts rose 5.6% in 2025 to 259,028 units, driven by a second consecutive year of record rental construction that now accounts for just over half of all urban starts. This trend continues to support demand for CMHC-insured financing solutions.

For developers and property owners seeking to finance multi-unit residential projects, CMHC-insured loans offer meaningful advantages: lower interest rates, higher loan-to-value ratios, and amortization periods of up to 50 years. Cameron Stephens is now positioned to deliver these benefits directly to its clients, through a platform built for speed, certainty, and expertise.

"Adding CMHC-insured lending to our platform is a natural extension of what we have been building for over 20 years. Our borrowers are navigating one of the most complex financing environments in recent memory, and they need a lender who can offer a full range of financing solutions. This gives us that capability, allowing us to provide true end-to-end service to our clients."

Katie Bonar, SVP Investment Management, Cameron Stephens Mortgage Capital Ltd.

Cameron Stephens has grown from a single-strategy lender into a full-service commercial real estate capital platform since its founding in 2004. With nearly $4 billion in assets under administration, the firm offers conventional mortgage solutions across the development lifecycle, including construction financing, bridge and term loans, land and acquisition financing, inventory loans, and mezzanine debt. The addition of CMHC-insured commercial mortgages rounds out that offering with a government-backed, lower-cost option for qualifying projects.

CMHC-insured loans through Cameron Stephens will be available for multi-unit residential rental, student housing, and retirement projects offered across both construction and term loan structures. Borrowers benefit from the firm's institutional underwriting discipline, deep market knowledge, and a streamlined process designed to bring certainty and speed to every project.

"This launch reflects where the market is heading. Insured lending is no longer just a government program; it is a core financing tool for any serious commercial real estate lender in Canada. By adding this to our platform, we are making sure our clients never have to look elsewhere to find the right solution for their project."

Steve Cameron, President and CEO, Cameron Stephens Mortgage Capital Ltd.

About Cameron Stephens Mortgage Capital Ltd.
Founded in 2004, Cameron Stephens is a leading Canadian real estate investment firm with $3.8 billion in assets under administration. The firm offers institutional and private investors strategic opportunities to invest in commercial real estate with a focus on delivering consistent, risk-adjusted returns. Cameron Stephens Mortgage Capital (CSMC) provides innovative mortgage solutions for developers across Canada, while Cameron Stephens Equity Capital (CSEC) provides equity partnership opportunities for high-quality, strategically positioned developments across the country. For more information, visit www.cameronstephens.com.