Royal Canadian MIC
Managed by Royal Canadian Mortgage Investment Corporation
Data as of: April 1, 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
$55M CAD
LTV
65.4%
Management fee
2%
2024 return
8.29%
About Royal Canadian MIC
Established in 2013, Royal Canadian MIC is an Ontario-based fund managing a portfolio of approximately $55 million. The fund invests in short-term 1st and 2nd residential mortgages, primarily secured by detached and semi-detached homes in the Greater Toronto Area (GTA). It maintains a defensive strategy with an average Loan-to-Value (LTV) ratio of 65%, targeting borrowers like self-employed individuals and newcomers. The MIC operates as a tax-exempt flow-through entity, offering registered account eligibility (RRSP/TFSA) and distributing regular monthly dividends to its investors.
The fund reports approximately $55M CAD in assets.
The portfolio is highly concentrated in Ontario.
At a glance
| Assets under management (AUM) | $55M CAD |
| Overall LTV | 65.4% |
| Structure | Private Corporation (MIC) |
| Investor access | Available to individual investors |
Royal Canadian MIC portfolio and performance
Royal Canadian MIC has a focus on Ontario, with 100% of its mortgages located in Ontario.
| Province/Region | Share (%) |
| Ontario | 100% |
Royal Canadian MIC returns
| Calendar year | Net return |
| 2023 | 8% |
| 2024 | 8.29% |
Return objective (2026)
Royal Canadian MIC has a target return of 8.5% for 2026.
Royal Canadian MIC facts
Fund structure
| Structure | Private Corporation (MIC) |
| Manager | Royal Canadian Mortgage Investment Corporation |
| Series | A,B |
| Latest data | April 1, 2025 |
Mortgage portfolio
| Overall LTV | 65.4% |
Fees
| Management fee | 2% |
| Performance fee | No |
Additional fund details
All potential investors must Qualify as an Accredited Investor or an Eligible Investor.
Who can invest in Royal Canadian MIC?
Available to individual investors
This fund is available to individual investors.
The minimum investment amount for accredited investors is $5,000.
About Royal Canadian Mortgage Investment Corporation
Based in Ontario, this firm internally manages and administers the Royal Canadian MIC. The management group handles all mortgage origination, underwriting, and risk management, working exclusively with licensed brokers. To protect investor capital, they enforce strict underwriting guidelines, including mandatory title insurance and independent property appraisals within 30 days. The principals co-invest their own capital alongside shareholders to ensure alignment of interests, and the firm charges a 2% annual administration fee for its portfolio management services.
Frequently asked questions
The fund reports a weighted-average LTV of 65.4%.
Yes. It is available to individual investors.
The fund is managed by Royal Canadian Mortgage Investment Corporation.
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