It's simple. Higher income.

  • Target 8% to 10%
    Annual Return
  • Monthly Dividends
  • Mortgage Secured
    Investment

Our Investment Strategy
Reduces Risk

Rigorous underwriting policies and practices

EquityLine only lends to credible, qualified borrowers. Our underwriting policies and practices have been reviewed and approved by a Tier 1 Canadian Bank.

Short-term loans on residential homes (less than 12 months)

By focusing on short-term loans only, EquityLine significantly mitigates the effects of real estate market dips or corrections. Mortgage loans historically average 8 months, never more than 12 months.

Maximum 80% LTV (loan-to-value)

This leaves a minimum 20% buffer in case of real estate market fluctuations. Historically, EquityLine’s mortgage portfolio LTV ratio is 73%.

Focus on residential home mortgages within the GTA

Residential mortgage defaults are historically lower than commercial or industrial mortgages. The Greater Toronto Area (GTA) continues to drive strong quality mortgage demand.

Experienced management team guided by an independent board of directors

EquityLine management team has over 100 years of real estate and investing experience. The team is supported by an independent board of directors with extensive knowledge of financial services, regulatory matters, and publicly traded reporting experience.

Canadians have
higher-yield options

Today’s low interest rate environment has made it very challenging for Canadian investors to generate higher levels of income from their investments. Challenging, but not impossible. EquityLine MIC holds an expertly managed portfolio of short-term mortgage loans secured by residential property, with the potential to provide significantly higher monthly income than traditional fixed-income products.

Enhance your income by investing with EquityLine MIC

Qualified investors can invest $5,000 or more
EquityLine MIC Series B or Series F preferred shares

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Series B Preferred Shares
  • Available through exempt market dealers
  • 8% cumulative annual dividend, target 10%, paid monthly
  • Eligible for registered plans
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Series F Preferred Shares
  • Available through financial advisors (IIROC) and portfolio managers
  • 8.5% cumulative annual dividend, target 10%, paid monthly
  • Eligible for registered plans
  • Monthly redemptions

Learn more about our offerings

Frequently Asked Questions

How can I find out more about making an investment?

Investments in EquityLine MIC can be made through a Dealing Representative or a licensed Financial Advisor. Speak with your current advisor or contact us and we’ll connect you with one.

What information will I receive about my EquityLine MIC investment?

In addition to the information, you receive from your advisor, EquityLine MIC will send you a T5 early each year if you’re investing through a non-registered account. We also recommend that you review our quarterly and annual financial reports (found on the News and Report page) for more information about your EquityLine MIC investment.

How could a housing market downturn affect my EquityLine MIC investment?

A MIC lends funds to qualified borrowers secured by a mortgage (debt) on their property. Irrespective of a possible real estate market downturn, borrowers are obligated to pay their contracted payments or risk foreclosure on their property. To date, as of April 2022, EquityLine MIC has not experienced a mortgage foreclosure within the mortgage portfolio.

However, in the event of a foreclosure, EquityLine MIC mitigates a potential decline in property value in two primary ways:

  • Mortgages have a maximum loan-to-value (LTV) of 80%. This means the market value of a property would need to decline by over 20% before any potential losses through the foreclosure process are realized. Historically, EquityLine MIC mortgage portfolio has averages between 71% and 74% LTV.
  • Our maximum loan term for any mortgage is 12 months and historically the portfolio’s average term length in 8.3 months. This policy limits exposure to market downturns over the long term.
Who is eligible to invest in EquityLine MIC Series B and F Preferred Shares?

Three types of investors are permitted to invest in the private markets:

  1. An accredited investor, defined by the Ontario Securities Commission, meets any of the following criteria:
  2. Net pre-tax income of more than $200,000 in each of the two most recent calendar years and expected net income of more than $200,000 in the current calendar year.
  3. Joint pre-tax net income (with a spouse) of $300,000 in each of the two most recent calendar years and expected combined net income of $300,000 in the current calendar year.
  4. Financial assets, alone or with a spouse, of at least $1 million before taxes but net of related liabilities. Financial assets include cash and bank deposits but not the value of a house.
  5. Net assets, alone or with a spouse, of at least $5 million.

There are no limits to the amount that an accredited investor may invest in the private markets.

  1. An eligible investor, defined under the Offering Memorandum exemption, meets any of the following criteria:
  2. Net assets, alone or with a spouse, exceeding $400,000.
  3. Net pre-tax income exceeding $75,000 in the previous two calendar years and an expectation to exceed that level in the current year.
  4. Net pre-tax income, alone or with a spouse, exceeding $125,000 in the previous two calendar years and an expectation to exceed that level in the current year.
 
  1. A non-eligible investor, defined under the Offering Memorandum exemption, does not meet the criteria to qualify as an eligible investor.

A non-eligible investor’s total purchase of securities under the Offering Memorandum exemption in the previous 12 months cannot exceed $10,000.

Can I redeem my EquityLine MIC investment?

Most people buy and hold MIC investments. However, the MIC can redeem up to $500,000 or 3% (whichever is greater) of Series B or F shares every month. Redemptions are accepted monthly, and each share series has unique redemption options. Please carefully review the redemption rights in the Offering Memorandum for specific details.

How are EquityLine MIC dividends taxed?

MIC dividends are generally taxed as interest income. Canadian investors can hold EquityLine MIC shares within a registered plan (such as a RRSP, RRIF, TFSA, RESP, RDSP or DPSP) to defer or eliminate the tax on MIC dividends. Speak with your tax advisor for more information.

What is the management fee associated with my EquityLine MIC investment?

EquityLine MIC pays the manager (EquityLine Service Corp.) an annual fee of 1% of funds under management.

For an in-depth look at the MIC
opportunity and EquityLine’s
approach, read our book

Mortgage Investment Corporations: Uniquely Canadian & Globally Available

How can I invest?

We can connect you with a registered Financial Advisor or Dealing Representative. Working with a registered professional, you can decide how best EquityLine MIC can meet your income goals.

Get in touch with us:

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