Accredit Mortgage Ltd.
If you want reliable quarterly income from an investment secured by BC real estate, this is where thirty years of local lending experience works for you. Accredit Mortgage Ltd. has been through multiple market cycles since 1994 and has continued distributing income through all of them.*
You’ve built a life you love. We’re here to help you keep it.
Accredit Mortgage Ltd. has been operating since 1994, making it both the oldest and the largest of the two Great Pacific funds. With $19.4M in assets under management, the portfolio spans residential and construction mortgages across BC real estate markets, from Greater Victoria to the Lower Mainland.
The portfolio holds predominantly residential 1st, 2nd, and 3rd mortgages across British Columbia, with an average loan-to-value ratio of 65%. Greater Victoria accounts for over 71% of holdings, with the remainder spread across Mid Vancouver Island, Comox, Sooke, and the Lower Mainland. Every property in the portfolio is located in British Columbia.
The average loan-to-value across this portfolio sits at 65%, which means there is meaningful equity buffer between your investment and any potential loss on a given property. The portfolio holds a mix of 1st, 2nd, and 3rd mortgage positions, giving the fund broader access to BC’s mortgage market than a first-only fund. That breadth, managed against a conservative LTV baseline, is part of what has kept this fund generating quarterly income since 1994.
Historical annual dividend yields have ranged from 6.2% to 19.45% between 2015 and 2025, with 2024 returning 8.77% and 2025 returning 6.84%.* Dividends are distributed quarterly. The fund’s Class ‘A’ share price sits at $1.31 as of May 2026, up from $1.00 at inception.*
Accredit focuses on a segment of the market that institutional lenders have systematically vacated:
- The ongoing contraction in the number of primary institutional mortgage lenders.
- The high standardization of conventional underwriting, which excludes a large pool of creditworthy borrowers.
- The elimination of local branch approval limits, removing the flexibility that borrowers in regional markets depend on.
The People
Behind The Portfolio
The Accredit board has been managing this fund through multiple market cycles since 1994. Their combined experience in BC real estate, finance, and business spans well beyond the fund itself, and every lending decision reflects that depth.
What kind of investor this fund was built around.
You want quarterly income from a real estate-secured investment, and you’re comfortable with a fund that holds a range of mortgage positions rather than first liens only. You may already have RRSP or RRIF savings looking for a locally managed alternative to bonds or GICs. And you want the people managing your money to have been doing this long enough that market cycles aren’t new to them. Accredit Mortgage Ltd. has been that fund since 1994.
What to know before you commit.
Prospectus Notice
Shares of the MIC funds are not offered by prospectus. All investors must qualify for an exemption from the prospectus requirements. Full details are available in the offering memorandum.
What $1.31 Per Share Means
At inception in 1994, Class ‘A’ shares were priced at $1.00. As of May 2026, the share price sits at $1.31. That figure reflects the fund’s current net asset value per share. New investors buy in at $1.31, and distributions are paid quarterly on top of that position.*
Works Inside Your Existing Accounts
Accredit Mortgage Ltd. is eligible for RRSP, RRIF, TFSA, and non-registered cash accounts. If you have registered savings looking for a real estate-secured income option, this fund can sit inside the structure you already have.
Held in Trust, Independently Audited
Your investment is held in trust by Olympia Trust Co. and independently audited by MNP LLP. You are not relying on Great Pacific alone to verify what is in the portfolio.
