“If CMHC wasn’t around, the multifamily construction side would have completely collapsed over the last couple of years.”In this episode of the Hard Truth Podcast, I sit down with mortgage broker and multifamily financing expert Ehren Laycock of BLD Financial to break down the realities behind CMHC financing, MLI Select, commercial lending, and how the last 5 years have completely reshaped Canadian real estate.From rapid growth during the 2020–2022 boom to today’s tougher underwriting, stricter policies, and rising vacancies, Ehren shares the unfiltered truth about what investors must understand before taking on leverage in today’s market.We dive into: ✅ CMHC vs. MLI Select — leverage, premiums & real qualification rules ✅ How 2020–2022 cheap money created today’s financing challenges ✅ Why BRRRRs collapsed and investors got caught when rates spiked ✅ MLI Select risks: rental achievement, timelines & policy changes ✅ The hard truth about “full-time investors” vs. real, scalable real estate businesses …and much more.Ehren also breaks down the behind-the-scenes challenges with CMHC: timelines, underwriter changes, policy resets, rural vs. urban risk profiles, and how financing decisions are really made at the lender — not on Instagram.Whether you’re a new investor, a mid-level builder scaling into 8–30 unit projects, or someone evaluating CMHC/multifamily strategies, this episode gives you the real, unfiltered breakdown of what’s happening in the market today.🎧 Found value in this episode?Like, comment, and share your biggest takeaway.Have a guest or topic idea? Drop it in the comments.Follow & Connect with Ehren Laycock:Ehren Laycock on Instagram - https://www.instagram.com/laycock22/Ehren - 226-980-5048BLD Financial Instagram - https://instagram.com/bldfinancialBLD Financial Facebook - https://www.facebook.com/BLDfinancialYouTube - https://www.youtube.com/@bldfinancialFollow & Connect with me on Social Media:Instagram - https://www.instagram.com/therealkylefordFacebook - https://www.facebook.com/people/Kyle-Ford-Invest/61556960051291/Tik Tok - https://www.tiktok.com/@kyleford576YouTube - https://www.youtube.com/channel/UCPlhb05ieTA8yAugwmTT4Og #HardTruthPodcast #CanadianRealEstate #CMHC #MLISelect #MultifamilyInvesting #RealEstateInvesting 

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