The company holds approximately 50 individual mortgages on average in the portfolio at any given time. These are mostly 1st mortgages, as well as some 2nd mortgages. The Income Tax Act requires a MIC to maintain a minimum of 50% of its loans on residential property (single family or multi family). The balance of the remaining funds can be invested in commercial mortgages (office, industrial, retail, land or developments e.g. bare land strata projects), and short-term investments. We lend primarily in BC and Alberta. The loans are typically one year terms so the portfolio is very fluid and the mix changes from time to time as we receive payouts on mortgages and make advances on new mortgages.


Single Family/Subdivisions


Land Loans