Industry-Leading Loan to Value – Reason to Invest #2 – Cannect MIC
Cannect’s Mortgage Investment Corporation portfolio currently has a weighted average LTV of 54%. Most MICs will hover around the 65% to 75% range. Staying conservative with our LTV is part of how we keep your money safe. That will always be priority #1. Housing prices have been high for a long time. If you are a Cannect investor […]
The Bank of Canada: A Brief History
The Bank of Canada is the nation’s central bank. Established in 1935 through the Bank of Canada Act, the BoC’s main goal is to promote the economic and financial interests of Canada. Before the 1930’s there was no need for central banking due to Canada’s scattered and primarily rural economy. The branch bank network that […]
Higher Interest Rates Mean More Profit – Reason to Invest #6 – Cannect MIC
The Cannect Mortgage Investment Corporation is a great investment during a period of inflation and rising interest rates. When interest rates drop, borrowers break their mortgage to access more capital. This is exactly what they did in 2020. Now interest rates are much, much higher! If these borrowers need to access more capital, do they really want to break […]
