- Are investment pools that have been growing in number exponentially.
- Provide alternative financing for mortgage lending such as bridge financing and construction loans.
- Must meet certain requirements and receive tax incentives.
- Provide an excellent and consistent returns to investors.
- Require extensive data management and calculations.
- Require management for Compliance
Mortgage Investment Corporation wikipedia entry.
Ten Top Tips for MICs, as published in the Summer 2010 edition of The BC Mortgage Broker magazine.
MICs: Make Money on Debt, an article published by moneysense.ca.
WATCH: Canada Mortgage and Housing Corporation announces new rules, an article published by globalnews.ca.