Foremost Mortgage Trust
Managed by Foremost Financial
Data as of: March 31, 2026
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
$240M CAD
2025 return
8.3%
LTV
50.2%
Management fee
1%
About Foremost Mortgage Trust
Foremost Mortgage Trust is an open-ended trust investing primarily in residential infill construction and conventional first mortgages, predominantly in the Greater Toronto Area. The fund targets a net return of 6–8% with relatively low volatility, emphasizing capital preservation through conservative underwriting, with a weighted average LTV of 50.2% and 94% first mortgage exposure. Launched in January 2006, the fund has delivered a compound annual return of 7.15% since inception and reported $247 million in trust-level AUM as of March 31, 2026.
The fund reports approximately $240M CAD in assets.
At a glance
| Assets under management (AUM) | $240M CAD |
| 2025 return | 8.3% |
| Overall LTV | 50.2% |
| Structure | Trust |
Foremost Mortgage Trust portfolio and performance
Foremost Mortgage Trust holds mortgages in is composed predominantly of ontario mortgages.
Foremost Mortgage Trust returns
| Calendar year | Net return |
| 2023 | 8.75% |
| 2024 | 8.23% |
| 2025 | 8.3% |
Return objective (2026)
Foremost Mortgage Trust has a target return of 6%-8% for 2026.
Foremost Mortgage Trust facts
Fund structure
| Structure | Trust |
| Manager | Foremost Financial |
| Latest data | March 31, 2026 |
Mortgage portfolio
| Overall LTV | 50.2% |
Fees
| Management fee | 1% |
| Performance fee | No |
Who can invest in Foremost Mortgage Trust?
Investor access
The minimum investment amount for accredited investors is $0.
About Foremost Financial
Foremost Financial is a Toronto-based mortgage investment manager with over 30 years of operating history, serving as the management company for Foremost Mortgage Trust since its inception in January 2006. The firm specializes in niche infill residential construction financing and conventional first mortgages, with a strong focus on the Greater Toronto Area. Foremost manages approximately $340 million in firm-level assets and targets conservative, income-oriented lending with an emphasis on low loan-to-value ratios and capital preservation.
Frequently asked questions
The fund reports a weighted-average LTV of 50.2%.
The fund is managed by Foremost Financial.
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