The CMI MIC operates in a dynamic mortgage marketplace on a retail and wholesale basis, with a goal of providing attractive fixed income returns to our investors.
The CMI MIC is a Mortgage Investment Corporation (MIC), which aims to deliver a diversified, professionally managed residential mortgage portfolio equipped with a low-cost base and with a focus on the acquisition and development of a pool of mortgages for its investors.
CMI MIC invests primarily into first and second residential mortgages which are secured by residential real estate. Most of our mortgages are in urban markets across Ontario, with some exposure nationally.
One goal of the CMI MIC management team has been to operate with a low expense ratio and overhead. The CMI MIC fund offers a combination of consistent returns, with potentially lower volatility, during stable market environments.