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MCAN Mortgage Corp T.MKP

Alternate Symbol(s):  MAMTF

MCAN Mortgage Corporation is a Canada-based loan company and mortgage investment corporation. Its objective is to generate a reliable stream of income by investing in a diversified portfolio of Canadian mortgages, including residential mortgages, residential construction, non-residential construction and commercial loans, as well as other types of securities, loans, and real estate investments. Its lines of business include three divisions: MCAN Home, MCAN Capital and MCAN Wealth. MCAN Home is its residential mortgage lender that partners with accredited mortgage professionals to offer both insured and uninsured mortgage solutions across Canada. MCAN Capital focuses on financing and investment opportunities in the construction and commercial loan markets, real estate investment trusts (REITs), and private investment funds focused on lending to and developing Canadian communities. MCAN Wealth offers investors Canada Deposit Insurance Corporation (CDIC) insured investment solutions.


TSX:MKP - Post by User

Comment by JayBankson May 01, 2022 2:20pm
344 Views
Post# 34646107

RE:Will this company do well regardless of Cdn real estate mkt

RE:Will this company do well regardless of Cdn real estate mkt

I don't have useful numbers or insight to give, but I'm not worried about them or the dividend in this environment.

They survived some change or regulation periods that affected how many people could get in the market in at the low end, these new regulations seem to be aimed at loosing people in the high end and bringing house prices into ranges that the low end can get into safely.

I think we need to see data on how things actually turn out as I have no faith in government regulations as they tend to have unintended consequences, but I don't see MKP themselves having a problem during this period, but the investor community may drive the shareprice lower as has happened in most others in the sector since the announcement.

I personally am not waivering in my holdings in MKP, BRE (might actually add) and FC (I have an exit number, but I've had it since the new year so recents events unchanged my opinion)

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