Publications and Reports | CMHC

Risk Profile of Mortgage Investment Corporations
68768

Today, there are an estimated 200 to 300 MICs in Canada. As a class of lenders, they have seen significant growth in recent years, with at least 36 MICs formed since 2007. However, in 2015 the estimated value of MIC mortgage credit outstanding was less than 1% of total mortgage credit outstanding.