The PHL Advantage for Investors

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Our Results

Steady and Consistent Growth

PHL has generated steady, consistent returns since its inception in 2006.




What is a MIC?

A Mortgage Investment Corporation (“MIC”) is an investment and lending company that allows investors to pool funds in a diversified and secured portfolio of residential and commercial mortgage loans. Shares of a MIC are qualified investments under the Canadian Income Tax Act (Section 130.1) for RRSP’s, RRIF’s, TFSA’s, LIRA’s, LIFF’s and RESP’s. The Income Tax Act requires that 100% of a MIC’s annual net income be distributed to its shareholders.

MIC Advantages

MIC’s offer investors a number of attractive advantages, including:


  • Experienced management

  • Each mortgage secured by tangible Real Estate

  • Historically Stable Returns

  • Investors own a diversified portfolio of mortgages

  • Typically higher yields than traditional investment products

  • Ability to invest via self-directed RRSP’s, RRIF’s, TFSA’s, LIRA’s, LIFF’s and RESP’s

established in 2006 and funded over $800 million in mortgages to date



The chart above illustrated the growth of a $100,000 investment since inception with compounding quarterly dividends only and no additional contributions.

Risk Mitigation

PHL has built a proven and established underwriting process upon the following fundamentals:


  • Strategic Lending Area

    We offer financing primarily in Metro Vancouver and the Fraser Valley only, where both markets exhibit long-term stability, growth and liquidity.

  • Credit Committee

    All mortgages are reviewed by our four-member credit committee.

  • Loan-to-Value Ratio

    Our mortgages never exceed 75% of the appraised property value.

  • Approved Appraiser List

    Every application requires a current appraisal prepared by a qualified and internally approved Appraiser.

  • Mortgage Security

    All mortgage security prepared and reviewed by qualified legal counsel.

  • Stringent underwriting procedures and guidelines

    These lending guidelines continue to help PHL successfully navigate the risks associated with real estate investment.


Shareholders will be entitled to receive dividends on a quarterly basis. Dividends may be taken as cash or reinvested as additional shares. Dividends reinvested as additional shares will qualify for future dividends.

Dividends are paid out as follows:


Sept 1 – Nov 30

Dividend paid out by Dec 31st


Dec 1 – Feb 28

Dividend paid out by Mar 31st


Mar 1 – May 31

Dividend paid out by June 30th


June 1 – Aug 31

Dividend paid out within 90 days of fiscal year end


Have more questions about Investing?

View FAQ Section