Canguard Mortgage Investment Corporation
Managed by Quantum Pacific Management Ltd.
Data as of: March 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
$319M CAD
2025 return
9.48%
LTV
52.3%
Management fee
1.5%
About Canguard Mortgage Investment Corporation
Canguard Mortgage Investment Corporation is an open-ended British Columbia MIC established in 2011. It invests in short-term first- and second-position mortgages secured by residential and commercial real estate in British Columbia and Alberta. As of March 31, 2026, the portfolio contained 157 mortgages with $318.7M of gross principal, a 52.26% weighted-average LTV and 92% first-mortgage exposure. Dividends are distributed quarterly.
The fund reports approximately $319M CAD in assets.
The portfolio is predominantly composed of first mortgages.
The latest annual return declined from 10.73% in 2024 to 9.48% in 2025.
The portfolio is highly concentrated in BC.
At a glance
| Assets under management (AUM) | $319M CAD |
| 2025 return | 9.48% |
| Overall LTV | 52.3% |
| First mortgages (as a % of the portfolio) | 92% |
| Property focus | Residential (68%) / Commercial (32%) |
| Structure | Open-Ended Private Corporation (MIC) |
| Investor access | Available to individual investors |
Canguard Mortgage Investment Corporation portfolio and performance
The portfolio is composed of residential mortgages (68%) and commercial mortgages (32%).
| Property Type | Share (%) |
| Residential | 68% |
| Commercial | 32% |
Canguard Mortgage Investment Corporation has a focus on BC, with 98% of its mortgages located in BC, followed by Alberta (2%).
| Province/Region | Share (%) |
| BC | 98% |
| Alberta | 2% |
Canguard Mortgage Investment Corporation returns
| Calendar year | Net return |
| 2023 | 10.7% |
| 2024 | 10.73% |
| 2025 | 9.48% |
Canguard Mortgage Investment Corporation facts
Fund structure
| Structure | Open-Ended Private Corporation (MIC) |
| Manager | Quantum Pacific Management Ltd. |
| Series | Class A preferred shares |
| Latest data | March 31, 2026 |
Mortgage portfolio
| First mortgages | 92% |
| Overall LTV | 52.3% |
| 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 | 1.5% |
| Performance fee | None disclosed |
Additional fund details
Figures are as of March 31, 2026 unless otherwise stated. AUM represents $318.69M of gross mortgage principal; the separately reported $360M represents rounded lendable funds and is not fund AUM. The portfolio was 68% residential and 32% commercial, although the commercial category may include land, development and construction financing that cannot be separated numerically. The Q1 2026 figure of 8.70% is annualized performance for three months and is not a 2026 target or full-year return. Quantum Pacific receives a 1.50% annual administration fee plus all borrower-paid lender fees. The fund had $28M outstanding under its credit facility at December 31, 2025.
Who can invest in Canguard Mortgage Investment Corporation?
Available to individual investors
This fund is available to individual investors.
The minimum investment amount for accredited investors is $10,000.
The minimum investment amount through an advisor or dealer is $10,000.
About Quantum Pacific Management Ltd.
Quantum Pacific Management Ltd. is a Vancouver-based mortgage investment manager responsible for the management and day-to-day operations of Canguard Mortgage Investment Corporation. It sources, underwrites and administers residential and commercial mortgages in British Columbia and Alberta and shares common officers and directors with Canguard.
Frequently asked questions
It invests in residential mortgages.
The fund reports a weighted-average LTV of 52.3%.
Yes. It is available to individual investors.
The fund is managed by Quantum Pacific Management Ltd..
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