VWR Capital Corp.
Private Corporation (MIC) · Residential
Managed by VWR Capital Corp.
Data as of: November 1, 2025
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
VWR Capital Corp. is a private mortgage investment corporation investing primarily in short-term residential first and second mortgages in British Columbia, Alberta, Saskatchewan, Manitoba and Ontario. As of November 1, 2025, its gross mortgage portfolio was $752.2 million, with 78.42% in first mortgages and a calculated weighted-average LTV of approximately 62.47%. The fund uses leverage, distributes its income quarterly and is managed by 596466 B.C. Ltd.
At a glance
| Assets under management (AUM) | $752M CAD |
| 2025 return | 10.35% |
| Overall LTV | 62.5% |
| First mortgages | 78.4% |
| Property focus | Residential (96%) / Construction (1%) / Other Categories (3%) |
| Structure | Private Corporation (MIC) |
| Investor access | Available to individual investors |
Portfolio & performance
The portfolio is composed of residential mortgages (96%), construction mortgages (1%) and other categories mortgages (3%).
| Property Type | Share (%) |
| Residential | 96% |
| Construction | 1% |
| Other Categories | 3% |
VWR Capital Corp. has a focus on Ontario, with 43.1% of its mortgages located in Ontario, followed by BC (32.2%), Alberta (21.9%), MB (2.3%), SK (0.4%).
| Province/Region | Share (%) |
| Ontario | 43.1% |
| BC | 32.2% |
| Alberta | 21.9% |
| SK | 0.4% |
| MB | 2.3% |
VWR Capital Corp. returns
| Calendar year | Net return |
| 2023 | 7.95% |
| 2024 | 10.19% |
| 2025 | 10.35% |
Fund facts
| Structure | Private Corporation (MIC) |
| Managed by | VWR Capital Corp. |
| Management fee | 1.4% |
| Performance fee | 0 |
| First mortgages | 78.4% |
| Leverage | Leveraged |
| Latest data | November 1, 2025 |
Additional fund details
Unless otherwise stated, figures are as of November 1, 2025. The AUM shown represents gross mortgage principal before deducting a $2.5 million impairment allowance. Returns are effective annual cash-distribution yields for fiscal years ending August 31. The corresponding yields assuming distributions were reinvested were 8.19% in 2023, 10.59% in 2024 and 10.76% in 2025. Construction exposure includes residential land-development loans. The portfolio also held 2.49% in residential land and 0.09% in raw land. The minimum investment is $10,000 for new investors and $5,000 for existing investors.
Investor access
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 the manager
VWR Capital Corp. is a Langley, British Columbia-based mortgage investment corporation established in 1993. It provides primarily residential first and second mortgages in British Columbia, Alberta, Saskatchewan, Manitoba and Ontario. Its lending operations are managed by the related company 596466 B.C. Ltd., while Stoneman Capital Management Ltd. acts as its selling agent.
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