Toronto, December 13, 2016 – Mortgage Company of Canada Inc., a Mortgage Investment Corporation (MIC) based in Toronto, is pleased to announce that it has donated 200 brand new winter coats to the head office of the Boys and Girls Clubs of Canada in Toronto. The donation was made as part of the MIC’s annual...
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About: Raj Babber
Recent Posts by Raj Babber
Key Reasons to Work with a Mortgage Investment Corporation
To those new to this subject, Mortgage Investment Corporations (MIC) are a smart, productive way to invest in the housing market via mortgages. Essentially, a MIC manages a diversified pool of mortgages, and while it might sometimes be overlooked, there is a wealth of benefits for...
Mortgage Company of Canada, sponsor of the 15th Annual Trillium Health Partners Gala
Toronto, Canada, November 18, 2016 – Mortgage Company of Canada Inc., a privately owned company offering investors a diversified portfolio of high-yielding Canadian real estate mortgages, is pleased to announce it recently celebrated its second year as a corporate sponsor at the 15th annual Trillium Diwali Gala. Held on October 21, 2016, where a...
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Mortgage Company of Canada Positioned for Continued Growth Through Expanded Line of Credit from The Toronto-Dominion Bank
Toronto, October 26, 2016 – Mortgage Company of Canada Inc., a fast-growing Toronto-based mortgage investment corporation, today announced that it has increased its line of credit with The Toronto-Dominion Bank (TD) from $15 million to $25 million.
“We have a strong established relationship with TD, which has been providing a line of credit to us since...
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CEO Letter June 2016
2016 SIX MONTHS LETTER TO SHAREHOLDERS
In the first half of 2016, Mortgage Company of Canada continued to produce solid growth and strong returns for shareholders. Our mortgage portfolio increased to $53.2 million from $46.6 million at year-end 2015 and, by balancing our portfolio with the right mix of carefully-selected first and second mortgages, our...
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Mortgage Company of Canada Appoints a New Board Member
Not for distribution to U.S. news wire services or dissemination in the United States.
Toronto, Canada – February 22, 2016 – Mortgage Company of Canada Inc. (“MCOCI” or the “Company”) announces changes to the Company’s Board of Directors. Mr. Glen Silvestri resigned from the Board effective February 1, 2016 due to commitments related to his job...
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Toronto Housing Market Reports Record 2015 with Sales Up 10%
Toronto real estate surpassed the national trend and reported record numbers for 2015, with prices up almost 10% year-over-year. Toronto real estate is expected to be robust in 2016 as the area’s economy, jobs market, near record low interest rates, and demand for housing remains...
CEO Letter December 2015
We are pleased to report that Mortgage Company of Canada enjoyed another year of significant growth, resulting in strong returns for shareholders. During 2015, we increased the size of the Company’s mortgage portfolio by approximately $12 million, or 34%, to $46.6 million. By deploying these funds into a mix of primarily first and...
Mortgage Company of Canada, Inc. Reacts to Record Year for Toronto Housing Sales
Toronto, Canada, January 12, 2016 – Mortgage Company of Canada, Inc. (www.www.mcoci.com), a privately owned company offering investors a diversified portfolio of high-yielding Greater Toronto Area (GTA) real estate mortgages, comments on recent data showing that Toronto’s housing market had a record year for sales, with prices up almost 10%.
The Toronto Real Estate Board announced...
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Toronto Real Estate in 2015—The Year in Review
When it relates to real estate in Toronto and the GTA, 2015 will be a year for the record books. Strong sales, price gains and growing momentum emphasized the confidence buyers have in Toronto real estate. On top of that, near-record...
Mortgage Company of Canada, Inc. Donates 75 New Toys to Yellow Brick House for the Holidays
Toronto, Canada, December 30, 2015 – Mortgage Company of Canada, Inc. (www.www.mcoci.com), a mortgage investment corporation that offers high yielding mortgages secured primarily by residential real estate located in the Greater Toronto Area (GTA), is pleased to announce that it has donated 75 new toys to Yellow Brick House in Richmond Hill, in...
Mortgage Company of Canada, Inc., Donates 100 New Winter Coats to Boys and Girls Clubs
Toronto, Canada, December 14, 2015 – Mortgage Company of Canada, Inc. (MCC) (www.www.mcoci.com), a mortgage investment corporation that offers high yielding mortgages secured primarily by residential real estate located in the Greater Toronto Area (GTA), is pleased to announce that it has donated 100 brand new winter coats to the Boys and Girls...
Now Is the Time for High-Yielding Investments in Toronto Real Estate
There’s still a month to go in 2015, but Toronto real estate has already smashed all previous records for both sales and price figures. The strong annual gain underscores the growing confidence buyers place in home ownership when it comes...
Mortgage Company of Canada Reacts to Study Showing GTA Residents Worried about Housing Costs
Toronto, Canada, December 7, 2015 – Mortgage Company of Canada, Inc. (www.www.mcoci.com), a mortgage investment corporation that offers high yielding mortgages secured primarily by residential real estate located in the Greater Toronto Area (GTA), comments on a poll showing that most people living in the GTA are worried about the affordability of housing.
Real Estate in the GTA Continues To Be a Great Investment
Now is the prime time to invest in real estate in the Greater Toronto Area (GTA). Although the supply of detached, semi-detached and townhomes has trended downwards over the last 10 years, the demand from buyers...
Mortgage Company of Canada, Inc., Says Surging Real Estate Prices in Toronto Point to Ongoing Investment Opportunities
Mortgage Company of Canada, Inc., a privately owned company offering investors a diversified portfolio of high-yielding GTA real estate mortgages, says record October home resale figures suggest the dramatic appreciation in Toronto home values points to real estate as a stable investment class.
According to the Toronto Real Estate Board, home sales...
Canadian Real Estate Market Creates New Opportunities for Investors
The low Canadian dollar and weak energy prices are creating excellent real estate opportunities across the country, but especially in the Greater Toronto Area. In the current residential real estate market, Toronto housing sales and prices continue to...
Mortgage Company of Canada, Inc., Announces Being New Ruby Corporate Sponsor at 14th Annual Trillium Diwali Gala
Toronto, Canada, November 4, 2015 – Mortgage Company of Canada, Inc. (http://www.www.mcoci.com), a privately owned company offering investors a diversified, secure portfolio of high-yielding Canadian real estate mortgages, is pleased to announce it recently celebrated its first year as a Ruby Corporate Sponsor at the 14th annual Trillium Diwali gala held on October...
Toronto Real Estate Remains a Red Hot Commodity
The Toronto residential real estate maintained its record pace in September, as sales hit a record number of transactions and prices continued to climb unabated. Thanks to near record low interest rates and an improving economy, real estate in the Greater Toronto...