Western Canada High Yield Mortgage Fund (WCHY)
Partnership
Managed by Cameron Stephens Mortgage Capital Ltd.
Data as of: June 4, 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
Western Canada High Yield Mortgage Fund is a private real estate debt fund launched in June 2025 to invest in secured commercial mortgage opportunities in Alberta and British Columbia. Its strategy includes income-producing properties, land with near-term development potential, construction financing and syndicated first-mortgage investments across multifamily, light-industrial, retail and other commercial real estate.
At a glance
| Assets under management (AUM) | $70M CAD |
| Structure | Partnership |
| Investor access | Institutional only |
Portfolio & performance
Western Canada High Yield Mortgage Fund (WCHY) holds mortgages in is composed of the u.s. mortgages (0%); it also is composed mainly of bc and alberta mortgages.
Fund facts
| Structure | Partnership |
| Managed by | Cameron Stephens Mortgage Capital Ltd. |
| Latest data | June 4, 2025 |
Additional fund details
The fund was launched on June 4, 2025, with an initial committed capital pool of $70 million, consisting of $35 million from family offices and a $35 million allocation from BSHY. This amount represents committed capital at launch and should not be interpreted as confirmed current AUM or NAV. The fund initially focuses on Alberta and British Columbia, although detailed provincial allocations are not publicly disclosed. Its strategy includes financing income-producing properties, development land and construction projects, as well as participating in syndicated first mortgages. These investments may include subordinated positions within a first-mortgage structure.
Investor access
Institutional access only
This fund is offered to Canadian institutional investment professionals only and is not available to individual investors.
Minimum investment terms are not publicly disclosed.
About the manager
Founded in 2004, Cameron Stephens Mortgage Capital Ltd. is a Canadian commercial real estate lender and investment manager with just under $3.6 billion in assets under administration, including approximately $3.0 billion of institutional assets and $0.6 billion of private assets. Its mortgage investment platform includes Cameron Stephens Mortgage Trust, Bay Street High Yield Fund and Western Canada High Yield Fund. The broader Cameron Stephens platform also provides institutional mortgage financing and real estate equity investments through Cameron Stephens Equity Capital.
Other funds by Cameron Stephens Mortgage Capital Ltd.
Explore other WOWA reviews of funds managed by Cameron Stephens Mortgage Capital Ltd.:
Disclaimer:
- Any analysis or commentary reflects the opinions of WOWA.ca analysts and should not be considered financial advice. Please consult a licensed professional before making any decisions.
- The calculators and content on this page are for general information only. WOWA® does not guarantee the accuracy and is not responsible for any consequences of using the calculator.
- Financial institutions and brokerages may compensate us for connecting customers to them through payments for advertisements, clicks, and leads.
- Interest rates are sourced from financial institutions' websites or provided to us directly. Real estate data is sourced from the Canadian Real Estate Association (CREA) and regional boards' websites and documents.