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what’s a mic?

A Mortgage Investment Corporation (MIC) pools funds from multiple investors to provide mortgages secured by real estate. At Pacifica, your investment becomes part of a carefully managed, diversified portfolio of funds secured against quality properties across British Columbia, Alberta, and Ontario, overseen with expertise and attention you can trust.

So, how do they work?

investing in MICs

How MICs work.

Invest with Confidence

Feel confident in your investment from the start. Begin your journey with one of our trusted Dealing Representatives, who will walk you through the investment process, answer your questions, and provide guidance tailored to your goals. Once it’s clear that this opportunity aligns with your objectives, your investment is placed into a portfolio of residential and commercial mortgages.

Your Capital at Work

See your investment put to work. Every mortgage in the portfolio is secured by real estate, giving your investment a tangible and reliable foundation. By distributing funds across multiple loans, the MIC reduces exposure to individual risks while building a balanced, resilient portfolio designed for consistent performance.

Earning a Reliable Income

Your investment generates dependable income as borrowers make interest payments on their loans. Our disciplined approach to portfolio management ensures stability, predictable returns, and creates a simple way to participate in real estate lending with confidence.

why pacifica?

How we can help you.

For investors

Stable Returns

Invest confidently with an experienced team that delivers consistent, reliable returns to our investors.

For brokers

Lender Experience

Provide borrowers with flexible solutions and expert support through every step of their mortgage journey.

FAQs

Have any questions? We’re here to help.

If you have a question that is not listed, please feel free to email us at info@pacificamortgage.ca and a member of our team will be more than happy to help.

What is a Mortgage Investment Corporation (MIC)?

A MIC is a pooled investment vehicle that allows investors to collectively invest in a diversified portfolio of mortgages, primarily secured by real estate in Canada. It’s governed under the Income Tax Act (Section 130.1).

What are the benefits of a MIC?

A MIC offers investors an opportunity to earn steady, attractive returns. It provides regular monthly or quarterly income, portfolio diversification, and exposure to real estate without the responsibilities of property ownership. MIC shares can also be held in registered accounts like RRSPs or TFSAs for tax-efficient growth, and each portfolio is professionally managed, offering investors a hands-off, asset-backed investment option that performs well even in volatile markets.

Who can invest in a MIC?

MICs are open to individual and corporate investors who are residents of British Columbia. Many investors use registered accounts like RRSPs, TFSAs, or RRIFs to hold MIC shares, making their returns tax-efficient.

What kind of mortgages does a MIC lend on?

MICs typically fund residential and commercial mortgages that may not meet traditional bank lending criteria. Types of financing include bridge loans, purchase financing, equity take-outs and financing self-employed borrowers.