Recent News

WMIC IS GROWING!

November 15, 2012

We would like to welcome our newest staff members! KEENA BRASH, SENIOR UNDERWRITER, joined Westboro in February2013. Keena has been underwriting mortgages for the past 12 years for a MIC administrator in Eastern Ontario. Keena’s knowledge and experience with the alternative mortgage market makes her
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Welcome to Westboro Mortgage Investment Corp.

Exceptional returns to investors since 2004

WMIC is a private lender providing residential and commercial mortgages to individuals and businesses in Ottawa & Valley, Gatineau proper and Kingston & Seaway.

Our experienced Underwriters apply disciplined lending criteria to minimize the risk and maximize shareholder returns while preserving shareholders’ capital with secured mortgages.

With over $65 million under management in 368 well-diversified mortgages, investors have benefited from an average annual return of 9.36% in the last 5 years and, more recently, with interest rates at all time lows on GIC’s, we have managed returns of 8.8%.

Our monthly dividend distributions allow for retirement, as well as cash flow planning for all investors.

Calendar Year Rates of Return
Year 2005 2006 2007 2008 2009 2010 2011  2012
Rate 10.60% 10.35% 10.10% 9.70% 9.90% 9.30% 9.10% 8.80%