Canadian Mortgage Rating Service Ltd.  


About CMRS

Canadian Mortgage Rating Service Ltd. ("CMRS") is a private, federally incorporated Canadian company, with its head office in London, Ontario.

CMRS serves the commercial real estate finance industry by providing inspection services on existing income property loans across Canada. Since 2004, CMRS has completed many thousands of inspections across Canada, including the Arctic.

CMRS is committed to being the leading provider of inspection services to the mortgage lending community in Canada.

David Miller - President

Prior to forming CMRS in January 2004, David spent over 16 years financing commercial real estate with Canada Life Mortgage Services Ltd., a national mortgage correspondent, now defunct, due to an acquisition by another life insurance company.

At Canada Life Mortgage Services, David was involved in hundreds of millions of dollars of commercial real estate finance transactions on behalf of life insurance companies, banks, trust companies, securitized lenders and pension funds, all across Canada. These transactions included the following types of residential, retail, commercial and industrial properties:

  • multi family residential loans such as high-rise apartments, walk-up apartments, row housing, nursing homes, retirement homes, mobile home parks, non-profit and co-op housing
  • retail property financings such as stand alone buildings, strip plazas, enclosed malls and big-box centres
  • office property exposure ranged from second storey office to high-rise, multi-building complexes
  • industrial financings spanned from multi-tenant buildings with small scale tenants to large, single tenant properties
  • various lender’s mortgage portfolio valuations, for the purposes of internal lender ratings and/or sale purposes
  • geographically, David has worked on financing transactions from the Atlantic to the Pacific to the Arctic
  • David is fully versed with CMHC regulations and inspection requirements

David graduated from Wilfrid Laurier University in 1984 with an 'Honours Bachelor of Business Administration' degree. In 1988, he went on to complete an extension course in 'Mortgage Lending and Brokerage' sponsored jointly by the University of British Columbia and the Real Estate Institute of Canada.

David, in forming CMRS, saw a need to provide a nationwide service to the lending community that had been previously unavailable in Canada on a dedicated basis.


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