CMI MIC Balanced Mortgage Fund
Managed by CMI Financial Group
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
$153M CAD
2025 return
8.75%
LTV
68.9%
Management fee
1%
About CMI MIC Balanced Mortgage Fund
CMI MIC Balanced Mortgage Fund is a private residential MIC targeting net annual returns of 8–9% through a diversified mix of first and second residential mortgages with a maximum 75% weighted average LTV. Geographic exposure spans Ontario, BC, Alberta, Nova Scotia, Quebec, and Manitoba, with RRSP, TFSA, and RRIF eligibility and a $5,000 minimum investment.
The fund reports approximately $153M CAD in assets.
Most of the portfolio is in first mortgages, with some subordinate exposure.
The portfolio is concentrated in Residential mortgages.
The portfolio is diversified across Ontario and BC.
At a glance
| Assets under management (AUM) | $153M CAD |
| 2025 return | 8.75% |
| Overall LTV | 68.9% |
| First mortgages (as a % of the portfolio) | 77.4% |
| Property focus | Residential (100%) |
| Structure | Private Corporation (MIC) |
| Investor access | Available to individual investors |
CMI MIC Balanced Mortgage Fund portfolio and performance
The portfolio is composed of residential mortgages (100%).
| Property Type | Share (%) |
| Residential | 100% |
CMI MIC Balanced Mortgage Fund has a focus on Ontario, with 77.54% of its mortgages located in Ontario, followed by BC (10.88%), Alberta (5.89%), Quebec (5.05%), MB (0.22%).
| Province/Region | Share (%) |
| Ontario | 77.54% |
| Quebec | 5.05% |
| BC | 10.88% |
| Alberta | 5.89% |
| MB | 0.22% |
CMI MIC Balanced Mortgage Fund returns
| Calendar year | Net return |
| 2023 | 8.79% |
| 2024 | 8.84% |
| 2025 | 8.75% |
Return objective (2026)
CMI MIC Balanced Mortgage Fund has a target return of 8%-9% for 2026.
CMI MIC Balanced Mortgage Fund facts
Fund structure
| Structure | Private Corporation (MIC) |
| Manager | CMI Financial Group |
| Series | F |
| Latest data | March 31, 2026 |
Mortgage portfolio
| First mortgages | 77.4% |
| Overall LTV | 68.9% |
| Property focus | Residential |
Fees
| Management fee | 1% |
| Performance fee | No |
Who can invest in CMI MIC Balanced Mortgage Fund?
Available to individual investors
This fund is available to individual investors.
The minimum investment amount for accredited investors is $5,000.
The minimum investment amount through an advisor or dealer is $5,000.
About CMI Financial Group
CMI Financial Group is a Mississauga-based alternative lending and mortgage investment firm founded in 2005 by CEO Bryan Jaskolka. The firm operates two primary divisions: Canadian Mortgages Inc. (private mortgage lender) and CMI Mortgage Services Inc. (administrator of three MIC funds). With over $2.5 billion in mortgage placements since inception, CMI serves accredited investors across all Canadian provinces.
Compare other funds by CMI Financial Group
CMI Financial Group manages several mortgage investment entities (MIEs) with different loan and investment objectives. Compare its other funds below.
| Fund | Primary strategy | Approx. size | |
|---|---|---|---|
| CMI MIC High Yield Opportunity Fund | Residential mortgages | $219M CAD | Learn More |
Frequently asked questions
It invests in residential mortgages.
The fund reports a weighted-average LTV of 68.9%.
Yes. It is available to individual investors.
The fund is managed by CMI Financial Group.
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