Press

TORONTO, July 4, 2017 /CNW/ - Mortgage Company of Canada Inc. (the "Company"), a fast-growingToronto-based mortgage investment corporation, today announced that it has increased its line of credit with The Toronto-Dominion Bank (TD) from $25 million to $40 million. When drawn by the Company, the incremental funds will be employed to...

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...

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...

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...

Daniel Drimmer Continues Affiliation with Mortgage Company of Canada as Special Advisor to the Board Toronto, September 19, 2016 – Mortgage Company of Canada Inc. today announced that Richard Senechal has joined the Company’s Board of Directors, effective September 9, 2016. Richard replaces Daniel Drimmer, who is transitioning as a Special Advisor to the Board. Richard Senechal...

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...

Dividend reflects continued strong operating performance

TORONTO, April 7, 2016 /CNW/ - Mortgage Company of Canada Inc. ("MCC") today announced a special dividend of $0.014 per share, which represents the third special dividend to shareholders for the year ended December 31, 2015.  These dividends, in concert with the 12 regular monthly...

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...

more

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...

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...

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...

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...

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.

more