The Mortgage Centre in Ontario, Canada

There are generally two ways to get a mortgage in Canada: From a bank or from a licensed mortgage professional.

While a bank only offers the products from their particular institution, licensed mortgage professionals send millions of dollars in mortgage business each year to Canada’s largest banks, credit unions, trust companies, and financial institutions; offering their clients more choice, and access to hundreds of mortgage products! As a result, clients benefit from the trust, confidence, and security of knowing they are getting the best mortgage for their needs.

Whether you’re purchasing a home for the first time, taking out equity from your home for investment or pleasure, or your current mortgage is simply up for renewal, it’s important that you are making an educated buying decision with professional unbiased advice.

Marjan Daher

Agent – M11002130

The Mortgage Centre Hometown Financial – 13028


Mortgage By Sona

About Sona Kamrava

Mortgage Alliance is the most recognized and trusted mortgage brokerage in Canada and as a Mortgage Alliance professional, I have the expertise to get the Right Mortgage for your immediate and future needs. I work for you, not the banks, and provide unbiased guidance in your mortgage decision. We work with over 60 lenders (some offered exclusively through brokers) so you have the choice, convenience and great counsel that you deserve!



At Mortgage Alliance, our main objective is to deliver value to the mortgage consumer, and make sure that you get the Right Mortgage.
Getting you the Right Mortgage means that we take the time to understand your situation and your needs, and use our expertise and knowledge to help you make the Right Mortgage decision. There are hundreds of different mortgage products out there – and the choices you make could save you thousands of dollars and take years off your mortgage. Let a qualified Mortgage Alliance Professional take care of you needs.
Choice… of over 60 lenders, from major banks to private sources.
Convenience… with one place to compare lenders and get the Right Mortgage for your needs.
Counsel… from an independent professional who works for you.
When you use the Right Broker, you get the Right Mortgage.


(416) 846-3956

[email protected]

4-117 Wellington Street E, Aurora, ON, L4G 1H9



Mortgage Company of Canada

About Us

Founded in 2013, Mortgage Company of Canada has grown to a diversified portfolio, secured primarily by residential properties across the Greater Toronto Area. Through Mortgage Company of Canada, investors looking for an alternative investment class have the opportunity to participate in an attractive portfolio of professionally managed, high-yielding Canadian mortgages.

In Ontario, the mortgage administering industry is regulated by the Financial Services Commission of Ontario (FSCO), an arms-length agency of the Ministry of Finance. All mortgage brokerages, administrators, brokers, and agents need to be licensed with FSCO to conduct mortgage brokering business in Ontario.

More information on FSCO and the mortgage brokering industry can be found on FSCO’s web site.

Mortgage Company of Canada is administered by Oppono Lending Company, a licensed mortgage administrator with FSCO.

Privacy Policy

Your privacy is important, and we are committed to respecting your privacy through the protection of any personal information given to us when you invest with us or apply for a loan from us.

A copy of our privacy policy can obtained by contacting investor relations at [email protected]

What is a MIC?

Mortgage Investment Corporations (“MICs”) are special entities allowed under Section 130.1 of the Canadian Income Tax Act (the “Act”). MICs allow individuals to pool their funds and invest this capital in mortgage loans, benefitting from the risk mitigation provided by a large, diversified portfolio. The Act requires that 100% of a MIC’s annual net income, as verified by external audit, be distributed to its shareholders by way of dividends. These dividends are taxed as interest income in the investors’ hands and essentially represent a flow-through of the interest earned by the MIC’s mortgage portfolio. These dividends can be taken in cash or re-invested in new shares of the MIC in accordance with its dividend reinvestment policy. In exchange for an administration fee, a professional management company performs the day-to-day administration of the portfolio.

Why Mortgage Investment Corporations Were Created

Investing in private mortgages can provide investors with a stable source of income. However, participating in the private mortgage market as an individual investor can be complicated, and may present a number of obstacles. First, due to their average size, sourcing and issuing, residential mortgages presents a barrier to entry for many investors. Second, mortgage investing requires strong underwriting skills, as well as effective mortgage administration experience. In the event that an investor is capable of sourcing and properly administering the loan, their rate of return is reduced if they cannot reinvest mortgage payments and payouts quickly and efficiently. Lastly, investing in mortgages typically requires large amounts of capital to build a diversified portfolio to effectively mitigate risk. The MIC structure facilitates investment in this attractive asset class by significantly reducing barriers to entry and mitigating risk.

The Benefits of Investing in a MIC:

  • Security – Mortgages purchased by the MIC are secured by real assets.
  • Deferred Income Plans – Investment in a MIC is considered a qualified investment and can be held in a number of registered savings plans (RRSP, RRIF, TFSA, RESP, and deferred profit sharing plans).
  • Diversification – Investors own shares of a diversified portfolio of mortgage loans, thereby mitigating risk.
  • Regular Income – Investors can choose to take their dividends in cash or re-invest them into additional shares in accordance with the MIC’s Dividend Re-Investment Plan.

The Benefits of Investing in Mortgage Company of Canada:

  • Professional Management – Mortgage Company of Canada’s management team has been in the mortgage lending, brokering and real estate development business collectively for over 40 years.
  • Niche Market Focus – Primarily lending in residential communities in the Greater Toronto Area where residential real estate demand exceeds supply.22`
  • Conservative Valuations – Mortgage Company of Canada lends at a discount to appraised values determined by third-party best-in-class appraisal companies.
  • Disciplined Approach to Lending – Insulating against housing price drops by limiting Loan-to-Value (“LTV”) ratio to 80% or less.
  • Risk Mitigation through Portfolio Diversification – Creating portfolio diversification by providing a high volume of small value loans.
  • Liquidity – Investing in short-duration loans (average loan duration is 12 months).
  • Affiliated Mortgage Brokerage Arm– Affiliated 13-year-old mortgage brokerage ensures a high-volume of potential investment opportunities.

Investment Strategy

Mortgage Company of Canada’s objective is to focus on investing primarily in a portfolio of conventional first and second mortgage loans that generate income to allow Mortgage Company of Canada to pay monthly dividends to its shareholders.

In order to achieve this objective while mitigating the portfolio’s overall exposure to risk, Mortgage Company of Canada’s investment activities are governed by a strict set of underwriting criteria based on a credit policy framework established by the Board of Directors.

Mortgage Company of Canada’s mortgage portfolio at a glance:

  • The portfoliThe portfolio is diversified amongst over 571 mortgages with a mix of investment types.
  • Management continually monitors concentration risk, with no one loan exceeding $1,750,000 million of the total portfolio.
  • The MIC invests in a number of different communities primarily in Toronto and the Greater Toronto Area, providing geographic diversification with limited exposure in the more speculative markets.
  • The portfolio is composed of a mix of first and second residential mortgages. In 2018, the portfolio has experienced an average weighting of 64% first residential mortgages and 36% second residential mortgages in terms of dollars funded.
  • Based on conservative third-party appraisals obtained at the time of funding, the Loan-to-Value (“LTV”) ratio of the portfolio is approximately 68%.
  • Mortgage Company of Canada is invested in a number of different communities, providing geographic diversification with limited exposure in the more speculative markets. The balanced markets we invest in have not experienced significant upswings and should avoid the rapid declines that often follow.
  • In 2018 Mortgage Company of Canada’s average loan size is approximately $270,000, as compared with other mortgage investment corporations, which average in the millions.
  • Mortgage Company of Canada typically makes investments with terms of 12 months, with the average term to maturity within the portfolio historically being approximately 5.4 months, providing a high level of liquidity to the mortgage portfolio.


Customer Service

Please email [email protected], our customer service group or contact them at 905-886-5352 or 1-866-318-7222 for inquiries regarding customer service matters.

In order to most efficiently address your concern, please include your mortgage number and property address in any correspondence.

Our mortgage administration department is available Monday to Friday, 8:30 a.m. to 5:00 p.m., excluding holidays.

If you need to increase or refinance your mortgage, please contact your mortgage broker.

How to Borrow

Mortgage Company of Canada must accept all applications for mortgages via licensed mortgage brokers. We are unable to accept direct applications.

To find a licensed mortgage broker, visit:

CAAMP, the Canadian Association of Accredited Mortgage Professionals
FSCO, the Financial Services Commission of Ontario


What We Do

Mortgage Company of Canada is best described as a non-traditional mortgage lender. As such, we understand the frustrations brokers often encounter when dealing with traditional lenders and institutions. Our structure removes the red tape from the approval process and provides fast funding to the borrower.

Our in-depth knowledge of the mortgage industry allows us to generate approvals, typically within 24 hours. We understand that customers can be complicated with unique and unusual factors to be considered during the mortgage review process. Our common sense approach to lending does not adhere to a rigid underwriting matrix, but rather considers other important factors like borrowers’ repayment patterns, and loan to value ratios. By looking at the entire story, we are able to help prospective quality borrowers with a less than perfect credit rating secure the loan they need. In other words, if the investment makes sense, we will fund it.

Service Commitment

Once the signed commitment letter has been returned, our team of underwriting administrators work with the broker and agent to ensure that the necessary documentation is received as quickly as possible to provide timely funding of the mortgage.

Our Part of the Commitment:

  • Our turn-around time is 24 hours. We commit to sending you an approval, decline, or contact from an underwriter regarding the application status.
  • We are available during our business hours which are 8:30 AM to 5:00 PM (Eastern) Monday to Friday.
  • We will do our best to respond to your phone messages within 3 hours of receipt.
  • Our underwriters have individual extension numbers to help speed up transactions and save valuable time.
  • Our dedicated team leads will handle any issues or concerns through our escalation process.

Your Part of the Commitment:

  • Disclose as much information as possible on the application, including your direct contact information.
  • Review the commitment conditions with your clients so they know up front what they need to provide.
  • Follow-up aggressively with your client to get the commitment signed and returned to us.
  • Commit your client to the deal by collecting as much documentation up front as you possibly can and reviewing all documents that you receive from your client.
  • Obtain, where possible, all the documentation at one time so you can do one review and send it to us as a package.
  • Provide the name and contact information of the client’s lawyer to expedite our instruction process and help commit the client to you.
  • We pay out all arrears, arrears do affect the interest rate and lender fee, please ensure full disclosure at the time of submission.

Contact Us

675 Cochrane Drive,
Suite 104, West Tower,
Markham, ON, L3R 0B8
























CategoriesInsurance, Investing, Mortgages

Tax Time Tips For Rental Property Investors

While owning a rental property can be a terrific way to bring in income, those extra dollars can make things complicated when it comes to preparing a tax return.

Fortunately for the 15 million people who own rental properties in the U.S., there are ways to make tax season a little more manageable:

• Store your receipts, bills, and statements during the year. This will make it much easier to locate and organize them at tax time. Create an envelope or folder for each property, and put all of your receipts in there during the year. Do the same for regular bills such as the mortgage, property taxes, insurance, utilities, etc.

• Know what property each check comes from. You can record this with your bank deposits in your checkbook or a spreadsheet or rental property software.

• Keep good rental payment records. You probably get a lot of checks-and even cash-from your tenants during the year. It can be really hard to figure out at tax time if you don’t stay organized during the year.

• Separate security deposits from rent payments. Security deposits are not considered income if you intend to return them to the tenant, so make sure these deposits are separated from rent payments.

• Flag expense receipts. Some expenses are hard to classify properly for the IRS. When you replace the faucet in the bathroom, is that considered a repair or a capital improvement? It makes a big difference to Uncle Sam because 100 percent of repairs can be deducted this year, but capital improvements must be deducted over time. When you’re not sure, flag those receipts so you can later discuss them with your accountant. Keep them in a separate place or flag them in your expense journal.

• Lastly, don’t forget the mileage deduction. You probably rack up a lot of miles driving to and from your properties and those trips to the hardware store. It can be tedious to keep track of the mileage, but it really pays off since the IRS allows you to deduct about 45 cents/mile. To make it easier, use an Internet map service such as MapQuest to look up the mileage for common trips-like between your home and each property.

• Use rental property software like Quicken Rental Property Manager 2.0, designed for people who own up to 10 properties and 25 total units. It makes it easier to file taxes and manage rental property income and expenses. This can help eliminate hours at the end of the year preparing for that Schedule E. Using the software, you can simply print the tax report and transfer the data to the form, give it to your accountant, or export data directly to tax preparation software like TurboTax.

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