Investing in Mortgage Funds
A mortgage fund is a pooled vehicle (often a MIC, trust, or Limited Partnership) that provides mortgages to borrowers needing non-bank financing. Borrowers pay interest and fees, and funds distribute that income to investors. Hawkeye Wealth helps investors find the right fund for them and provides ongoing support.
Our Mortgage Fund Partners
Mortgage Fund A
Alternative mortgages secured against Canadian residential real estate
Funded Mortgage Portfolio Size: Over CAD$400,000,000*
Target Annualized Returns: 7-9%
Minimum Investment: CAD$50,000
Registered Funds Eligibility: TFSA & RRSP
Frequency of Distributions: Monthly
* As of August, 2025
Mortgage Fund B
Alternative mortgages secured against Canadian commercial real estate
Funded Mortgage Portfolio Size: Over CAD$300,000,000*
Target Annualized Returns: 8-9%
Minimum Investment: CAD$100,000
Registered Funds Eligibility: TFSA & RRSP
Frequency of Distributions: Monthly
* As of August, 2025
Hawkeye Wealth currently has two preferred fund partners.
Access their fact sheets and summaries.
Why Investors Like Them
Defensive
Debt ranks ahead of equity on a property, reducing the probability and severity of a loss.
Registered-plan eligible
Many funds can be held in RRSPs and TFSAs.
Income or Growth
Typically much higher returns compared to GICs, with monthly or quarterly distributions and the option to reinvest the distributions for compounding growth.
Stability & diversification
Lower price volatility than equities in most circumstances, with potential diversification across many loans and markets.
Resources
Mortgage funds may fall under one category, but each can offer different levels of risk and return. Our resources below will help you understand the key differences and where the opportunities lie.
Mortgage Fund Guide
Download our Mortgage Fund Guide for a clear, easy-to-read overview. Perfect if you want to dive into the fundamentals that influence risk and return in various funds.
We’ve created a short video series exploring the key elements investors must understand before investing. Each video runs one to seven minutes to learn the fundamentals step-by-step.
How We Help
Thorough Fund Analysis
We have reviewed 100+ Canadian mortgage funds, comparing track records, fees, leverage, liquidity, and management quality. Let us help find the right fund for you.
Aligned Support at No Extra Cost
We match the right options to your goals, assist with onboarding (including registered plans), and provide continuous monitoring and updates — with no extra fees versus going direct.