Calvert Home Mortgage Investment Corp (CHMIC)
Managed by Calvert Home Mortgage Investment Corporation (CHMIC)
Data as of: May 31, 2026 · View latest fund facts
This review is compiled by WOWA for informational purposes only and is not investment advice, an offer, or a solicitation. Figures are drawn from the manager's published materials as of the dates shown and may change. Returns are historical and do not guarantee future results. Verify all details with the manager or a licensed advisor before investing.
AUM
$357M CAD
2025 return
10.85%
LTV
64%
First mortgages
94%
About Calvert Home Mortgage Investment Corp (CHMIC)
Calvert Home Mortgage Investment Corporation is an open-ended, internally managed MIC focused on short-term residential mortgages in Alberta and Ontario, primarily in the mid- to lower-priced property market. It primarily holds first mortgages and distributes income and processes redemptions annually.
The fund reports approximately $357M CAD in assets.
The portfolio is predominantly composed of first mortgages.
The portfolio is concentrated in Residential mortgages.
The portfolio is diversified across Alberta and Ontario.
At a glance
| Assets under management (AUM) | $357M CAD |
| 2025 return | 10.85% |
| Overall LTV | 64% |
| First mortgages (as a % of the portfolio) | 94% |
| Property focus | Residential (99%) / Construction (1%) |
| Structure | Open-Ended Private Corporation (MIC) |
| Investor access | Available to individual investors |
Calvert Home Mortgage Investment Corp (CHMIC) portfolio and performance
The portfolio is composed of residential mortgages (99%) and construction mortgages (1%).
| Property Type | Share (%) |
| Residential | 99% |
| Construction | 1% |
Calvert Home Mortgage Investment Corp (CHMIC) has a focus on Alberta, with 73% of its mortgages located in Alberta, followed by Ontario (27%).
| Province/Region | Share (%) |
| Ontario | 27% |
| Alberta | 73% |
Calvert Home Mortgage Investment Corp (CHMIC) returns
| Calendar year | Net return |
| 2023 | 10.76% |
| 2024 | 10.36% |
| 2025 | 10.85% |
Calvert Home Mortgage Investment Corp (CHMIC) facts
Fund structure
| Structure | Open-Ended Private Corporation (MIC) |
| Manager | Calvert Home Mortgage Investment Corporation (CHMIC) |
| Series | Class B non-voting shares |
| Latest data | May 31, 2026 |
Mortgage portfolio
| First mortgages | 94% |
| Overall LTV | 64% |
| Property focus | Residential |
| Leverage | Yes, the fund uses leverage. This means the fund borrows additional money and combines it with investor capital to fund more mortgages. Leverage can increase returns when the portfolio performs well, but it also adds interest costs and can magnify losses. |
Fees
| Management fee | None disclosed |
| Performance fee | None disclosed |
Additional fund details
The fund focuses on short-term residential mortgage lending in major Alberta and Ontario markets and reports approximately $300 million in assets under management. Its investor base has historically consisted largely of Calgary-based shareholders, family offices and fund managers, although it is expanding distribution to financial advisors and other investment managers. The manager reports a five-year average return of 10.78% and an average return of 13.93% since inception over 41 years.
Who can invest in Calvert Home Mortgage Investment Corp (CHMIC)?
Available to individual investors
This fund is available to individual investors.
Minimum investment terms are not publicly disclosed.
About Calvert Home Mortgage Investment Corporation (CHMIC)
Calvert Home Mortgage Investment Corporation is a Calgary-based, internally managed alternative mortgage lender founded in 1975. It has operated as an open-ended mortgage investment corporation since 1982 and provides short-term residential mortgage financing in Alberta and Ontario. CHMIC reported a $357 million mortgage portfolio as of May 31, 2026.
Frequently asked questions
It invests in residential mortgages.
The fund reports a weighted-average LTV of 64%.
Yes. It is available to individual investors.
The fund is managed by Calvert Home Mortgage Investment Corporation (CHMIC).
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