In 2018, Mortgage Investment Corporations (MICs) in Canada had an average lending rate of 9.8 percent. MICs are investment vehicles which allow their shareholders to collectively invest in a large pool of residential and commercial mortgage investments. They typically have higher delinquency rates than traditional lenders such as banks and credit unions.
Average lending rate of Mortgage Investment Corporations (MICs) in Canada from 2016 to 2018
Characteristic
Average lending rate
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Canada Mortgage and Housing Corporation. (November 6, 2019). Average lending rate of Mortgage Investment Corporations (MICs) in Canada from 2016 to 2018 [Graph]. In Statista. Retrieved September 07, 2024, from https://www.statista.com/statistics/1085843/average-lending-rate-of-mics-in-canada/
Canada Mortgage and Housing Corporation. "Average lending rate of Mortgage Investment Corporations (MICs) in Canada from 2016 to 2018." Chart. November 6, 2019. Statista. Accessed September 07, 2024. https://www.statista.com/statistics/1085843/average-lending-rate-of-mics-in-canada/
Canada Mortgage and Housing Corporation. (2019). Average lending rate of Mortgage Investment Corporations (MICs) in Canada from 2016 to 2018. Statista. Statista Inc.. Accessed: September 07, 2024. https://www.statista.com/statistics/1085843/average-lending-rate-of-mics-in-canada/
Canada Mortgage and Housing Corporation. "Average Lending Rate of Mortgage Investment Corporations (Mics) in Canada from 2016 to 2018." Statista, Statista Inc., 6 Nov 2019, https://www.statista.com/statistics/1085843/average-lending-rate-of-mics-in-canada/
Canada Mortgage and Housing Corporation, Average lending rate of Mortgage Investment Corporations (MICs) in Canada from 2016 to 2018 Statista, https://www.statista.com/statistics/1085843/average-lending-rate-of-mics-in-canada/ (last visited September 07, 2024)
Average lending rate of Mortgage Investment Corporations (MICs) in Canada from 2016 to 2018 [Graph], Canada Mortgage and Housing Corporation, November 6, 2019. [Online]. Available: https://www.statista.com/statistics/1085843/average-lending-rate-of-mics-in-canada/
