What is Canadian Horizons? www.canadianhorizons.ca
Canadian Horizons offers a way for individual and corporate investors to invest in the Western Canadian and Ontario real estate markets through its Canadian Horizons First Mortgage Investment Corporation (First MIC). Typical investments include short term mortgages for land acquisition, land servicing, low-rise multi-family residential construction, income producing property acquisition and redevelopment.
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Information Snapshot |
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| Type of Investment | Shares (1st Mortgage MIC) |
| Expected Return | Cash Flow:8-10% per year paid monthlyAppreciation:none
Tax deductions: none |
| Simple or Compounded Interest | Availability of compounding through participation in a dividend reinvestment plan (DRIP) |
| Return Derived From | 1st mortgages underwritten and managed by CareVest |
| Minimum Investment | $5,000 |
| Investment Term | 5 years |
| Redemption Period & Redemption Fees |
150 days notice / first 5 years |
| Eligibility | RRSP, RRIF, RESP, LIRA, TFSA & DPSP |
| Head office Location | Calgary, Alberta |
| 1) Leverage2) Security | 1)No2) Investments secured by real estate |
| Loan to Value Ratio | 61.73% |
