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Stay up to date on Magenta and industry news!

  • Magenta News

    Catch up on Magenta news and insights from our experts

  • 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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  • December 1, 2023

    Merry and Bright Wishes This Holiday Season

    Magenta News

    The month of December brings about the holiday season, which is marked by the celebration of numerous holidays around the world These holidays are a time of joy, giving, celebration, family, and festivity At […]

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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

  • November 30, 2023

    Financial Literacy Month: Protect Your Financial Rights

    Resources

    It’s National Financial Literacy Month (FLM), where the Financial Consumer Agency of Canada (FCAC) helps equip Canadians with practical tools and tips to manage their money in a […]

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  • November 24, 2023

    Financial Literacy Month: Optimize Your Financial Health 

    Resources

    It’s National Financial Literacy Month (FLM), where the Financial Consumer Agency of Canada (FCAC) helps equip Canadians with practical tools and tips to manage their money in a […]

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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 Magenta account?
What is an incremental dividend?
What types of properties do you lend on?
Where does Magenta lend?
Who are your borrowers?
Who can invest in Magenta shares?
Are Magenta 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?
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?