Premiere Canadian Mortgage Corp.
Managed by Alta West Mortgage Capital Corporation
Data as of: August 31, 2025 · 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
$124M CAD
2025 return
9.13%
First mortgages
96%
2024 return
8.5%
About Premiere Canadian Mortgage Corp.
Established in 1996, Premiere Canadian Mortgage Corp. (PCMC) is a Canadian alternative lending fund managing over $124 million in assets. Following a 2024 amalgamation with Classic Mortgage Corporation, PCMC continued as the successor entity. In March 2026, Alta West Mortgage Capital Corporation assumed full management responsibilities. The fund primarily finances residential real estate—comprising over 90% of its portfolio—across British Columbia, Alberta, and Ontario. PCMC provides investors with registered account-eligible (RRSP, TFSA) opportunities to earn stable, asset-backed income through a diversified pool of first and second mortgages.
The fund reports approximately $124M CAD in assets.
The portfolio is predominantly composed of first mortgages.
The latest annual return increased from 8.5% in 2024 to 9.13% in 2025.
The portfolio is concentrated in Residential mortgages.
The portfolio is diversified across BC, Alberta and Ontario.
At a glance
| Assets under management (AUM) | $124M CAD |
| 2025 return | 9.13% |
| First mortgages (as a % of the portfolio) | 96% |
| Property focus | Residential (95%) / Commercial (1%) / Unclassified (4%) |
| Structure | Private Corporation (MIC) |
| Investor access | Available to individual investors |
Premiere Canadian Mortgage Corp. portfolio and performance
The portfolio is composed of residential mortgages (95%), commercial mortgages (1%) and unclassified mortgages (4%).
| Property Type | Share (%) |
| Residential | 95% |
| Commercial | 1% |
| Unclassified | 4% |
Premiere Canadian Mortgage Corp. has a focus on BC, with 38% of its mortgages located in BC, followed by Alberta (33%), Ontario (28%), MB (1%).
| Province/Region | Share (%) |
| Ontario | 28% |
| BC | 38% |
| Alberta | 33% |
| MB | 1% |
Premiere Canadian Mortgage Corp. returns
| Calendar year | Net return |
| 2023 | 7.11% |
| 2024 | 8.5% |
| 2025 | 9.13% |
Premiere Canadian Mortgage Corp. facts
Fund structure
| Structure | Private Corporation (MIC) |
| Manager | Alta West Mortgage Capital Corporation |
| Series | B |
| Latest data | August 31, 2025 |
Mortgage portfolio
| First mortgages | 96% |
| Property focus | Residential |
Fees
| Management fee | None disclosed |
| Performance fee | 21% of annual profits. The fee cannot be less than 1.4% or more than 2% of the aggregate outstanding mortgage balances |
Who can invest in Premiere Canadian Mortgage Corp.?
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 Alta West Mortgage Capital Corporation
Founded in 1991 and headquartered in Calgary, Alta West Mortgage Capital Corporation (AWC) is an alternative residential mortgage lender and investment manager operating across Alberta, British Columbia, and Ontario. AWC underwrites residential mortgages in urban centres, focusing primarily on owner-occupied properties with first and second mortgage positions and no land development exposure. In September 2025, AWC acquired Premiere Home Mortgage Ltd., expanding its product suite and national reach.
Compare other funds by Alta West Mortgage Capital Corporation
Alta West Mortgage Capital Corporation manages several mortgage investment entities (MIEs) with different loan and investment objectives. Compare its other funds below.
| Fund | Primary strategy | Approx. size | |
|---|---|---|---|
| AWM Diversified MIC | Residential mortgages | $295M CAD | Learn More |
Frequently asked questions
It invests in residential mortgages.
Yes. It is available to individual investors.
The fund is managed by Alta West Mortgage Capital Corporation.
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