Mix-Use VS. Apartment Building Financing - is VRM Available for Both?

[Nir]

Hi All,

I understand you can get variable interest rate for an apartment building say 10-plex whether it is CMHC insured or not.

Can you also get variable interest rate for Mix Use Commercial, say a building with 3 stores and 3 apartments?
OR do banks only offer fixed interest rate for mix-use buildings?

Also, is CMHC Insurance available for mix-use buildings, say 3 stores and 3 apartments?

THANKS.

PS. a terminology question: do banks call both mix-use and apartment buildings "commercial"?
can be a bit confusing if they do not distinguish by name but do by conditions.