Calvert Home Mortgage Investment Corp (CHMIC)
Open-Ended Private Corporation (MIC) · Residential
Managed by Calvert Home Mortgage Investment Corporation (CHMIC)
Data as of: May 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.
About the fund
Calvert Home Mortgage Investment Corporation is an open-ended, internally managed MIC focused on short-term residential mortgages in Alberta and Ontario, primarily in the mid- to lower-priced property market. It primarily holds first mortgages and distributes income and processes redemptions annually.
At a glance
| Assets under management (AUM) | $357M CAD |
| 2025 return | 10.85% |
| Overall LTV | 64% |
| First mortgages | 94% |
| Property focus | Residential (99%) / Construction (1%) |
| Structure | Open-Ended Private Corporation (MIC) |
| Investor access | Available to individual investors |
Portfolio & performance
The portfolio is composed of residential mortgages (99%) and construction mortgages (1%).
| Property Type | Share (%) |
| Residential | 99% |
| Construction | 1% |
Calvert Home Mortgage Investment Corp (CHMIC) has a focus on Alberta, with 73% of its mortgages located in Alberta, followed by Ontario (27%).
| Province/Region | Share (%) |
| Ontario | 27% |
| Alberta | 73% |
Calvert Home Mortgage Investment Corp (CHMIC) returns
| Calendar year | Net return |
| 2023 | 10.76% |
| 2024 | 10.36% |
| 2025 | 10.85% |
Fund facts
| Structure | Open-Ended Private Corporation (MIC) |
| Managed by | Calvert Home Mortgage Investment Corporation (CHMIC) |
| First mortgages | 94% |
| Leverage | Leveraged |
| Series/classes | Class B non-voting shares |
| Latest data | May 31, 2026 |
Additional fund details
The fund focuses on short-term residential mortgage lending in major Alberta and Ontario markets and reports approximately $300 million in assets under management. Its investor base has historically consisted largely of Calgary-based shareholders, family offices and fund managers, although it is expanding distribution to financial advisors and other investment managers. The manager reports a five-year average return of 10.78% and an average return of 13.93% since inception over 41 years.
Investor access
Available to individual investors
This fund is available to individual investors.
Minimum investment terms are not publicly disclosed.
About the manager
Calvert Home Mortgage Investment Corporation is a Calgary-based, internally managed alternative mortgage lender founded in 1975. It has operated as an open-ended mortgage investment corporation since 1982 and provides short-term residential mortgage financing in Alberta and Ontario. CHMIC reported a $357 million mortgage portfolio as of May 31, 2026.
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