Cambridge Mortgage Investment Corporation
Private Corporation (MIC) · Residential
Managed by Peet & Cowan Financial Services Inc.
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.
About the fund
Cambridge Mortgage Investment Corporation is a British Columbia MIC incorporated in 2007, investing primarily in first-position (with some second-position) residential mortgages, plus smaller construction and commercial exposure, across BC, Alberta and Ontario. It offers Class B preferred shares at $1.00 with quarterly dividends and a DRIP, is RRSP/TFSA/RRIF/RESP eligible, and maintains a weighted-average LTV under 55%. The fund reported an annualized return above 9% in 2025 and has averaged over 7% per year since inception, serving 750+ investors across 800+ mortgages. As of its last public offering memorandum (August 2020) the portfolio held about $125.7 million across 328 mortgages; a current AUM figure is not publicly disclosed.
At a glance
| Assets under management (AUM) | $443M CAD |
| 2025 return | 9% |
| Overall LTV | 52.5% |
| First mortgages | 79.4% |
| Property focus | Residential (85%) / Construction (12%) / Commercial (3%) |
| Structure | Private Corporation (MIC) |
| Investor access | Available to individual investors |
Portfolio & performance
The portfolio is composed of residential mortgages (85%), construction mortgages (12%) and commercial mortgages (3%).
| Property Type | Share (%) |
| Residential | 85% |
| Construction | 12% |
| Commercial | 3% |
Cambridge Mortgage Investment Corporation has a focus on BC, with 82.6% of its mortgages located in BC, followed by Ontario (11%), Alberta (6.4%).
| Province/Region | Share (%) |
| Ontario | 11% |
| BC | 82.6% |
| Alberta | 6.4% |
Cambridge Mortgage Investment Corporation returns
| Calendar year | Net return |
| 2023 | 9.55% |
| 2024 | 10.73% |
| 2025 | 9% |
Fund facts
| Structure | Private Corporation (MIC) |
| Management fee | 1.5% |
| Performance fee | No |
| First mortgages | 79.4% |
| Leverage | Leveraged |
| Latest data | March 31, 2026 |
Investor access
Available to individual investors
This fund is available to individual investors.
The minimum investment amount for accredited investors is $0.
The minimum investment amount through an advisor or dealer is $0.
About the manager
Peet & Cowan Financial Services Inc. is a Vancouver-based registered mortgage brokerage that acts as manager, originator, underwriter and administrator for Cambridge Mortgage Investment Corporation, earning a management fee of 1.5% of mortgage receivables under management. The firm is privately held by principals associated with Cambridge, and the fund's preferred shares are distributed through its captive, related exempt market dealer, Cambridge Capital Management Corporation. Cambridge MIC has operated since 2007 and now lends across British Columbia, Alberta and Ontario.
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