21.79
-0.27%
Close of 9 Nov 2026, in CAD
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About MCAN Mortgage
Its shares trade on Toronto Stock Exchange under the ticker MKP.TO. It has been listed since 17 January 1992. In the fiscal year to 31 December 2025, it reported net income of C$74.9m. At that date it held total assets of C$6.48bn and shareholders' equity of C$644.8m.
MCAN Mortgage Corp. operates as a mortgage investment corporation. The company is headquartered in Toronto, Ontario. The firm's primary objective is to generate income by investing its corporate funds in a portfolio of mortgages (including single family residential, residential construction, non-residential construction and commercial loans), as well as other types of financial investments, loans and real estate investments. The firm's primary subsidiary, Xceed Mortgage Corporation (Xceed), focuses on the origination and sale to MCAN and third party mortgage aggregators of residential first-charge mortgage products across Canada. The firm also participates in the National Housing Act (NHA) mortgage-backed securities (MBS) program.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Financials
- Industry
- Thrifts & Mortgage Finance
- Listed since
- 17 Jan 1992
- Employees
- 112
- Website
- mcanmortgage.com ↗
Leadership
Pay as last reported
- Ms. Gaelen MorphetIndependent Chairman of the BoardC$70,424
- Mr. Derek SutherlandPresident, Chief Executive Officer, DirectorC$256,817
- Mr. Santokh BirkChief Financial Officer, Senior Vice PresidentC$496,274
- Mr. Avish BuckChief Operating Officer, Senior Vice PresidentC$1.0m
- Mr. Carl BrownSenior Vice President - Investments and Corporate DevelopmentC$931,027
- Mr. Aaron CorrChief Risk Officer, Vice PresidentC$672,572
- Mr. Peter RyanVice President, ControllerC$474,460
- Ms. Michelle LiottaVice President of Human Resources
- Ms. Bonnie AgostinhoIndependent DirectorC$83,209
- Mr. Brian ChuIndependent DirectorC$92,000
- Mr. John CokeIndependent DirectorC$83,209
- Mr. Glenn DoreIndependent DirectorC$67,000
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- MCAN Mortgage Corp has a strong financial position, with a solid capital base and healthy liquidity. This allows the company to fund its operations and invest in new opportunities.
- The company has a diversified mortgage portfolio, which includes residential, commercial, and construction mortgages. This diversification helps to mitigate risks and provides stability in different market conditions.
- MCAN Mortgage Corp has built a reputation for strong underwriting practices and risk management. This has resulted in a low default rate and helps to ensure the quality of its mortgage portfolio.
Weaknesses
- The company relies heavily on the Canadian housing market. Any significant downturn in the housing market could have a negative impact on MCAN Mortgage Corp's profitability and loan performance.
- MCAN Mortgage Corp faces intense competition from other mortgage lenders and financial institutions. This competition puts pressure on the company's ability to attract borrowers and maintain its market share.
- The company has limited geographical presence, primarily operating in Ontario and Quebec. This geographic concentration exposes it to regional economic risks and limits its growth potential.
Opportunities
- MCAN Mortgage Corp can expand its market presence by entering new regions or expanding its product offerings. This could include targeting high-growth markets or diversifying into new mortgage segments.
- The company can leverage technology to streamline its operations and enhance its customer experience. By investing in digital platforms and automation, MCAN Mortgage Corp can improve efficiency and attract tech-savvy borrowers.
- There is potential for MCAN Mortgage Corp to partner with other financial institutions or mortgage brokers to expand its distribution network and reach a wider customer base.
Threats
- Changes in government regulations and policies related to the mortgage industry can significantly impact MCAN Mortgage Corp's business. Compliance with new regulations may require additional resources and increase operating costs.
- Economic downturns or fluctuations in interest rates can negatively affect the demand for mortgages and the company's profitability. MCAN Mortgage Corp needs to closely monitor market conditions and adapt its strategies accordingly.
- Increased market volatility and uncertainty can lead to higher credit risks and potential loan defaults. It is crucial for MCAN Mortgage Corp to maintain rigorous risk management practices and assess the creditworthiness of borrowers.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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