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  • Magenta News

    Catch up on Magenta news and insights from our experts

  • April 2, 2024

    Thank You for 30 Years!

    Magenta News

    Magenta is celebrating its 30th anniversary In this post, we are saying thank you to […]

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  • January 5, 2024

    Thirty Years of Magenta

    Magenta News

    Magenta is celebrating its 30th anniversary In this post, we are discussing our journey from 1994 to 2024 and the way forward

    A New Way of Thinking About Mortgages

    A sunset between a boy and his […]

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  • Brokers

    Tips from our Industry Experts

  • November 1, 2023

    Spotlight on Second Mortgages 

    Brokers

    At Magenta, we know there are many reasons why clients choose to take out second mortgages For some, second mortgages are valuable financial management strategies for dealing with debt efficiently at lower interest rates […]

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  • September 8, 2022

    Five Discussions to have with your Clients

    Brokers

    As a new Mortgage Agent there is a lot of information to take in including processes and regulations Learning how to conduct a thorough client interview and submit an application in good order is key […]

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  • Resources

    Resources to help you think about tomorrow, today

  • May 24, 2024

    The Canadian Federal Budget 2024 and You: Navigating the New Economic Landscape 

    Resources

    The Canadian Federal Budget 2024 has arrived, bringing a host of new policies, tax adjustments, and funding allocations aimed at addressing the nation’s economic opportunities and challenges In this article, we […]

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  • April 11, 2024

    Digital Safety with Magenta: Password Protection

    Resources

    In today’s digital age, protecting your financial identity is vital With the launch of our online broker and investor portals, we want to ensure you are following digital safety best practices around identity theft […]

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  • Investors

    Insights from our Team

  • September 20, 2023

    What is a Mortgage Investment Corporation (MIC)?  

    Investors

    A Mortgage Investment Corporation (MIC) is an investment fund where investors pool their money to lend to borrowers as private mortgages By adding their money to this pool, an investor purchases […]

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  • September 5, 2023

    Selecting the Right Mortgage Investment Corporation 

    Investors

    Early on in your journey into alternative investment options, you likely came across the term Mortgage Investment Corporation (MIC) MICs have entered the spotlight in recent years as a key piece in both the […]

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  • Borrowers

    Tips when Purchasing a Home

  • June 21, 2020

    Open Term Versus Closed Term Mortgages: Know What Works for You

    Borrowers

    There are many things to consider when your mortgage is coming up for renewal As the maturity date approaches, your renewal paperwork will arrive and you will probably be offered the option of opting […]

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  • June 6, 2020

    The Mortgage Renewal Process: What to Expect During the Mortgage Renewal Process

    Borrowers

    The maturity date of your mortgage is fast approaching The maturity of your mortgage gives you an opportunity to review your financial situation and make some decisions based on your financial goals and current […]

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FAQ

Common questions

How does a MIC differ from directly held mortgages?
What is a private mortgage investment?
What is a Mortgage Investment Corporation?
What is my current rate of return?
When will I start receiving my dividends?
How do I switch between cash dividends and reinvesting dividends in my account?
What is an incremental dividend?
What types of properties do you lend on?
Where does Magenta Capital Corporation lend?
Who are your borrowers?
Who can invest in Magenta Mortgage Investment Corporation shares?
Are Magenta Mortgage Investment Corporation shares RRSP, RRIF and TFSA eligible?
What are the minimum investment amounts?
How can I monitor my investment?
How do I open a new account?
How do I add funds to my account?
How do I withdraw funds from my account?
How and when can I liquidate my investment?
When will I start receiving statements?
When will I receive company updates from Magenta Capital Corporation?
Who are the companies’ auditors?
I’d like to refer a family member or friend – how can I do this?
What is a trustee and how do they work?