Prosperity Capital is an Ontario-based Mortgage Investment Corporation providing high-yielding returns of 9 (plus) percent secured by quality Canadian residential real estate.
A Mortgage Investment Corporation (MIC) is an alternative investment and lending corporation that focuses on Ontario’s real estate market.
Shareholders in a MIC can invest in a diversified pool of mortgages (primarily short, 6-to-12-month terms) without the burden and risk of owning and managing property directly.