It's time to consider the alternative. RESCO MIC as a stable income investment.
Reasons to invest with RESCO MIC
We pride ourselves in understanding what investors want.
Stable & consistent rate of return
Since inception we have been generating 8% rate of return per annum.
Interest is payable monthly or you can choose to participate in the DRIP.
Diversified to reduce risk
We diversified our portfolio by funding a large number of smaller mortgages across different citites in Canada.
Secured by real estate
Our mortgage portfolio consists of mainly residential loans secured by marketable properties.
We provide our investors with quarterly statement and annual audited financial statement.
RRSP & TFSA eligible
Your investment is TFSA and RRSP eligible for tax efficiency.
Minimum investment is only $10,000
Our Board of Directors has a combined of over 100 years experience in the financial industry.
And what's catch? ...
Risk managementThe key to long-term success is active risk management.
Small loan amount
Mortgage average size is $330,000. We diversified our portfolio by funding a large number of smaller mortgages as opposed to just a few larger loans.
Short term financing with over 90% of our mortgages maturing within one year. To reduce real estate valuation risk, majority of our mortgages are shorter term between 6 to 12 months. This allows us to react and to adjust quickly to the changing market conditions. We also currently do not finance any land investment or development project, which have significant duration risk.
Valuation of security
Each property is located at desirable locations with maximum loan to value of 85%.
We evaluate the credit worthiness of potential borrowers by incorporating both qualitative and quantitative measures.
No more than 30% of the mortgages held will be commercial loans and currently 100% of our mortgages are secured by residential properties.
Geographic & size diversification
We diversified our portfolio by funding a large number of smaller mortgages across many desirable locations as opposed to just a few larger loans. Our portfolio spans across three major provinces and 60 cities.
Real estate secured
Our mortgage portfolio primarily comprises of residential loans secured by first or second mortgages. The total mortgage amount will not exceed 85% of the most recent of the property valuation. We further diversify our portfolio by funding a large number of smaller mortgages as opposed to just a few larger mortgages.
Get your dream RESCO MIC account set up and running in no time.
Step 1: Call us today (905) 886-8786
Set up a time with us to learn more about our products. Or email us at firstname.lastname@example.org
Step 2: Meet with a dealing representative
After you learn about our offering, the next step is to meet with a dealing representative to determine the appropriateness of investing in exempt products.
Step 3: Fund your account
After your dealing representative closes your trade, your account will be funded.
Frequently Asked Questions
Some of the most frequently asked questions from our investors new to exempt market products and mortgage investment corporation
What do I need to start?
What is a Dividend Reinvestment Plan (D.R.I.P.)?
What is the role of Olympia Trust?
How much does it cost to open an RRSP or TFSA account with Olympia Trust?