• Over $730,000,000 in mortgages advanced and managed

  • Funded more than 1,800 mortgages in Canada since 2007

  • Chosen by some of Canada's top Financial Advisors and over 1,300 investors

Canadians have options when it comes to mortgage financing; chartered banks, mortgage finance companies, credit unions, trust companies, non-bank alternative lenders, and finally pure private lending.

Here at AP Capital, we are a Western Canadian non-bank alternative lender and we operate a mortgage investment corporation (or MIC as they are commonly called). Launched in 2007, AP Capital MIC has funded more than $750MM in alternative mortgages to borrowers in Canada; over 1,800 mortgages since the fund’s inception.  Our team is proud to work with many of Canada’s top mortgage brokers and licensed financial firms.

As a Canadian non-bank alternative lender, we offer Western Canadian homebuyers and homeowners an alternative to Canada’s big banks, monoline, trust companies, or credit unions. Our mortgages provide short-term solutions to Canadians; secured primarily by residential real estate located in urban markets of Western Canada. The AP team manages the entire lifecycle of every mortgage in the fund’s portfolio, from underwriting to monthly portfolio management to collection at maturity.

For investors, AP Capital MIC is an investment chosen through Canadian financial advisors and investment firms.  We are home to over 1,300 shareholders and are proud of our past performance with a 10-year average annual return of 7.61% (audited, net of fees).  We pay a 7.5% p.a. monthly distribution to our shareholders and delivered the fund’s 159th consecutive monthly dividend on June 1st, 2023. With zero shareholder losses since inception and an unchanged net asset value since 2007, investors in AP Capital MIC appreciate the steady performance delivered over the last 16 years. Of course, past performance does not guarantee future returns. AP Capital MIC may not be suitable for all investors. Speak to your licensed financial advisor.

  • Mortgage brokers; we look forward to working with you and funding your deals.
  • IIROC investment advisors, Institutional Investors, Family Offices, and Exempt Market Dealers; let’s discuss how AP Capital might be a good option for you and your clients.
  • Shareholders and investors; our deep appreciation for your unwavering support.

We look forward to meeting and speaking with you.  Contact us here.

The following links are updated weekly, monthly, or quarterly.

MIC Fund Facts (monthly)  |   MIC Fund Summary (quarterly)  |  MIC (monthly) Reports  | Fact Friday (every week)

  • AP MIC

Recent Updates

May 23, 2023 – AP Capital MIC Fast Facts – April 30, 2023

May 8, 2023 – AP Capital MIC Offering Memorandum April 30, 2023

May 8, 2023 – AP Capital MIC Audited Financial Statements FYE Dec 31, 2022

All the links to all the socials online (AP Capital on Instagram, TikTok, LinkedIn, Facebook and more…)

Potential investors without a Financial Advisor (visit