What is a MIC?

The government of Canada introduced MICs in 1973, through the Residential Mortgage Financing Act, to make it easier for individual and corporate investors to participate in the residential mortgage and real estate markets. Investors pool their money by buying shares of a MIC. The pooled capital funds mortgages, which generate income through interest and fees from the borrower that are ultimately paid as dividends to each investor.

investors-diagram

Why Invest In a MIC?

  • null
    Risk Mitigation

    Risk exposure is mitigated by spreading the investment into a mortgage portfolio rather than a single mortgage.

  • null
    Tax Shelter

    MIC is eligible for investment from registered funds such as RRSP, RESP, TFSA. This allows the investment to grow in a tax-efficient manner.

  • null
    Strength in Numbers

    individuals can participate in larger investments by combining capital with other investors.

  • null
    Secured Investment

    MIC provides short term loans secured by real estate properties.

  • null
    Income Stream

    A steady stream of income is provided to the investors while the investments are secured by real property.

Why Invest in DX Financial MIC?

  • null
    Experienced Manager

    the MIC is managed by a team with over a decade of experience in the mortgage industry.

  • null
    Quality Assets

    the mortgage portfolio consist of mostly residential properties in highly coveted locations within Greater Toronto Area

  • null
    Trusted Legal Counsel

    respected as a leading law Firm, Fasken provides securities counsel to ensure best operational practices.

  • null
    Structured Due Diligence

    the management team has a well-defined risk mitigation protocol and underwriting system.

  • null
    Aligned Financial Interest

    manager of the MIC is also a significant investor in the MIC, co-investing motivates prudent decision making and strong returns.

  • null
    External Auditing

    auditing by Licensed Public Accountants ensures comprehensive and transparent financial reporting.

home-contact

HAVE A QUESTION?

Let us help you out.

Book a Free
Consultation!

Simply fill in the form below:

Contact Us

We're not around right now. But you can send us an email and we'll get back to you, asap.