Mortgage Company of Canada Inc. (MCOCI)
Private Corporation (MIC)
Managed by Capital Asset Lending Inc.
Data as of: September 5, 2024
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
Mortgage Company of Canada Inc. is an Ontario mortgage investment corporation investing primarily in conventional first mortgages, while also permitting second mortgages. Its current public materials emphasize mortgages secured by single-family homes in the Greater Toronto Area and lending to prime borrowers. Mortgages must comply with a credit policy reviewed and approved annually by a majority-independent board of directors.
At a glance
| Assets under management (AUM) | $1.2B CAD |
| First mortgages | Primarily |
| Structure | Private Corporation (MIC) |
| Investor access | Redemptions suspended |
Portfolio & performance
The portfolio is composed of is composed primarily of residential mortgages.
Mortgage Company of Canada Inc. (MCOCI) has a focus on Ontario, with 100% of its mortgages located in Ontario.
| Province/Region | Share (%) |
| Ontario | 100% |
Fund facts
| Structure | Private Corporation (MIC) |
| Managed by | Capital Asset Lending Inc. |
| First mortgages | Primarily |
| Leverage | Leveraged |
| Latest data | September 5, 2024 |
Additional fund details
The reported $1.2 billion in AUM is combined across Mortgage Company of Canada Inc. and First Mortgage LP and should not be interpreted as MCOCI’s standalone fund size. MCOCI focuses primarily on first mortgages secured by single-family homes in the Greater Toronto Area and is available only to accredited investors. The corporation may use leverage, subject to a maximum debt-to-equity ratio of 1:1. Redemptions and distributions were reportedly suspended in May 2026, which may prevent investors from withdrawing capital or receiving regular income payments while the suspension remains in effect.
Investor access
Redemptions currently suspended
This fund is currently not processing investor redemption requests. This prevents existing investors from withdrawing their funds.
About the manager
Capital Asset Lending Inc. is a Markham, Ontario-based licensed mortgage originator and administrator established in 2009. As of April 30, 2026, the firm reported $1.2 billion in assets under management, 11,288 mortgages funded and $5.1 billion in mortgages funded since inception. Its investment vehicles focus on mortgages secured primarily by affordable single-family homes in the Greater Toronto Area and other urban Ontario markets. Capital Asset Lending originates, services and administers mortgages for its investment vehicles, while securities are distributed to eligible investors through dealing representatives at Waverley Corporate Financial Services.
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