Crown Vista MIC

Launched in the fall of 2014, Crown Vista Mortgage Investment Corporation was established with the intention of focusing on higher yielding second mortgages secured on properties situated throughout Southwestern British Columbia. Crown Vista MIC’s lending policy is that the loan amount shall never exceed 80% of the appraised value of the secured property. As at March 31, 2019 the mortgage portfolio stands at $15 million, consisting of 101 mortgages and having an average loan to property value ratio of 66%. Because Crown Vista MIC’s lending policy is more aggressive than that of our flagship fund, First Circle Mortgage Investment Corporation, it will have greater exposure to fluctuations in the real estate market. Accordingly, an investment in Crown Vista Mortgage Investment Corporation may not be suitable for all investors.

Due to the tax flow-through characteristics of MICs, purchasing preferred shares of Crown Vista Mortgage Investment Corporation is an excellent option for retirement savings. They provide a steady and stable investment plus a superior yield to most interest-bearing investment options. Preferred Shares of Crown Vista Mortgage Investment Corporation can be purchased through Self-Directed RRSPs, RRIFs, and TFSAs. We are happy to assist investors with setting up a Self-Directed plan with one of our approved trustees.

Crown Vista Mortgage Investment Corporation has a professional and experienced management team and is governed by a Board of Directors with extensive industry experience. Each fiscal quarter, management prepares a report to shareholders detailing the fund’s performance and a corresponding dividend is distributed. Annual financial reports are produced in accordance with International Financial Reporting Standards (IFRS) and the company undergoes an annual review by the firm’s independent auditors, MNP LLP.

Anna Solnickova


  • Diversified mortgage portfolio investment opportunity
  • Over twenty-five years of professional and experienced management
  • Tax flow-through vehicle
  • RRSP, RRIF, TFSA eligible
  • Audited financial statements