INVESTMENT OBJECTIVE
The Mortgage Company of Canada (“MCC”) is a mortgage investment corporation whose
objective is to provide investors with an attractive risk-adjusted return by primarily investing in
mortgages of single family homes in the Greater Toronto Area. Our experienced management
team employs a focused lending strategy, follows rigorous underwriting analysis and leverages
its third-party brokerage relationships as well as its affiliated mortgage brokerage for deal flow.
MCC’s board of directors (“Board of Directors”) comprises a majority of independent members
who provide corporate governance and oversight. The Board of Directors ensures that the
corporate and financial objectives of MCC are pursued on behalf of its investors.
HISTORICAL RETURNS2
A $100,000 investment in 2009would be worth $196,301 today
PORTFOLIO SUMMARY6
MARKET OUTLOOK
A brief discussion concerning the Greater Toronto Area’s housing market:
- Market conditions in January were tighter compared to a year ago with an annual increase in prices driven by a decline in listings4
- Demand remains strong, especially for singles, semis and townhouses, where there has been a
persistent lack of inventory4 - Buying intentions remain high – polling conducted by Ipsos on behalf of the Toronto Real Estate Board suggests that 12% of GTA households were seriously considering the purchase of a home in 20164
- The average house price in the GTA reached $631,092 in January, up 14.1% from 20154
- Year-over-year increase in average housing price is primarily attributable to a greater share of detached homes sold in the GTA4
MANAGEMENT TEAM
Our management team has demonstrated an excellent track record over their combined 40 years of lending experience. Management has approximately $4 million invested in MCC on the same terms as our investors, insuring that our interests are aligned.
RAJ BABBER – Founder, President & Chief Executive Officer and Director
- 15 years of experience in commercial and residential lending
- Founder of CanadaLend.com, one of the largest volume independent mortgage brokering houses in Canada
SANJAY KAITH – Chief Operating Officer
- Over 10 years of experience in mortgage brokering, finance and lending in the small and medium business sector
- Experience and expertise in the residential housing market
GREG GOUTIS CPA, CMA – Chief Financial Officer and Director
- Over 14 years of experience in the construction and real estate industries
- Formally, Vice President, Operations and Chief Financial Officer at The Royalton Retirement Residences
MAJORITY INDEPENDENT BOARD OF DIRECTORS
MCC is committed to strong corporate governance practices. Accordingly, we have appointed three well-respected business and finance professionals with public company experience as independent members to our Board of Directors.
DANIEL DRIMMER
- Over 19 years of experience in the multi-family residential and commercial real estate sectors in Canada and the United States
- Chairman of the Board of True North Apartment Real Estate Investment Trust (TN.UN:TSX) and True North Commercial Real Estate Investment Trust (TNT.UN:TSX), and Chief Executive Officer of Starlight Investments Ltd.
TAMMY OLDENBURG
- Over 17 years of experience within the finance and real estate sectors
- Chief Financial Officer at Credit Suisse Canada
- Former Vice President and Chief Financial Officer of MCAN Mortgage Corporation (MKP:TSX)
GLEN SILVESTRI
- Over 15 years of experience in the financial sector
- Partner at Imperial Capital Group, a leading mid-market private equity player
- Former Vice President of Teachers’ Private Capital, the private equity arm of Ontario Teachers’ Pension Plan
- Former member of the Board of Equity Financial Holdings (EQI:TSX)
* These materials are not to be distributed, reproduced or communicated to a third party without the express written consent of the Mortgage Company of Canada. These materials are for informational purposes only and do not constitute an offer to sell or a solicitation to buy securities. Past results are not indicative of future performance.
