Royal Canadian MIC
By:
Royal Canadian Mortgage Investment Corporation
Invest in Ontario’s residential mortgage market with RCMIC, offering a secure and diversified portfolio of high-growth properties backed by strategic lending practices and a proven track record of delivering steady returns.
Location
Ontario
Risk Profile
Low - Moderate
N/A
Min. investment
$25,000
Investment Strategy
Fixed Income
ARR
8.5%
Horizon
Open-Ended Fund
Introduction
Royal Canadian Mortgage Investment Corporation (RCMIC) specialises in residential mortgages, primarily for detached and semi-detached homes across Ontario. With a portfolio valued at $60M and backed by $221M in appraised property value (as of December 31, 2024), RCMIC offers investors the opportunity to benefit from the dynamic growth of the Greater Toronto Area (GTA) and its surrounding regions. Founded in 2013, RCMIC operates with a defensive lending strategy focused on capital preservation, competitive returns, and shareholder value. By prioritising conservative lending practices, RCMIC has maintained a track record of zero shareholder losses and consistent dividend payouts.
Key Reasons to invest
Risk-Managed Stability
With a 65% average LTV and a diverse portfolio, RCMIC minimises risk while maintaining consistent performance.
Attractive Returns
Investors can benefit from an average 9.00% historical return on common shares.
Strategic Market Position
Operating in high-growth areas of Ontario, RCMIC capitalises on urban and suburban property value appreciation.
Proven Track Record
Established in 2013, RCMIC has consistently delivered positive yields without shareholder losses.
Transparent Operations
Full disclosure through monthly investor updates and annual audited financial statements ensures trust and transparency.
Project Overview
RCMIC stands out in the MIC market by combining a conservative risk-managed approach with strategic geographic focus. With a diversified portfolio of 222 mortgages, including 56 first mortgages and 166 second mortgages, the fund is heavily concentrated in high-demand urban and suburban markets like Brampton, Kitchener, and Oakville. Key operational highlights include:
- Low Loan-to-Value (LTV): Maintaining an average LTV of 65%, well below industry norms, to ensure stability and mitigate risk.
- Geographic Advantage: Focusing on high-growth areas within and around the GTA, where property values consistently appreciate.
- Defensive Lending Structure: Offering 12-month fixed or variable mortgages to minimise exposure to interest rate fluctuations.
- Portfolio Diversity: Concentrating on residential properties with a mix of first and second mortgages, ensuring steady cash flow and risk mitigation.
These strategies allow RCMIC to deliver stable returns while prioritising investor capital preservation.
Location
Ontario’s residential mortgage market offers immense potential for growth, driven by a housing shortage and increased demand in high-growth areas like the GTA. With 78% of its portfolio concentrated in detached homes, semi-detached homes, and townhouses, RCMIC is strategically positioned to benefit from urban and suburban market appreciation. Additionally, the surrounding regions—Brampton, Kitchener, and Oakville—are experiencing annual growth rates of over 10%, making them ideal targets for secure and profitable investments.
Multimedia
No items found.
Developer Overview
Royal Canadian Mortgage Investment Corporation (RCMIC) has established itself as a trusted private lender in Ontario’s residential real estate market since 2013. Managed by Royal Canadian Asset Management Inc., the company focuses on providing secure, income-generating investments for its shareholders while offering tailored lending solutions to borrowers in strategic markets. With a commitment to transparency and a history of consistent returns, RCMIC continues to uphold its reputation for excellence and reliability.