23.010000 CAD
0.13
0.56%
Last update Dec 12, 3:59 PM EST
Market closed
Day range
23
23.37000
Previous close
23.14000
Open
23.29000
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Mcan Mortgage Corporation
23.01
0.13
0.56%

Overview

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Description

Mcan Mortgage Corporation is a financial services company that primarily focuses on the origination, acquisition, and management of Canadian residential and commercial mortgages. This corporation plays a critical role in the housing finance sector, contributing to the development and accessibility of real estate by providing innovative mortgage products. Operating as a mortgage investment corporation (MIC), Mcan Mortgage Corporation pools capital from investors to fund a diversified portfolio of mortgage investments, offering a balanced approach to risk and return. Notably, it serves an important niche within the broader real estate market, particularly appealing to those seeking opportunities in the Canadian mortgage landscape. By maintaining a strategic blend of insured and uninsured mortgages, as well as participating in other real estate investment opportunities, Mcan Mortgage Corporation supports both stability and growth in the housing market. Its activities extend to providing shareholder dividends, reflecting its profitability and commitment to shareholder value, while ensuring compliance with rigorous Canadian regulatory standards. With its headquarters in Toronto, Ontario, Mcan Mortgage Corporation remains a significant entity within Canada's financial landscape, influencing the mortgage industry and complementing the real estate financing ecosystem.

About

CEO
Mr. Derek G. Sutherland C.A., CPA, CBV
Employees
160
Address
200 King Street West
Suite 700
Toronto, M5H 3T4, ON
Canada
Phone
416 572 4880
Instrument type
Common stock
Sector
Financial Services
Industry
Mortgage Finance
Country
Canada
MIC code
XTSE
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