Mortgage Investment Corporations (MICs) are types of investment funds that enable investors to invest or pool their cash in residential mortgages on behalf of their shareholders. It is one of the most popular investment plans in the Canadian market, providing investors with exposure to the private mortgage industry. In other words, a mortgage investment corporation is organized similarly to a mutual fund or exchange-traded fund. The only distinction is that instead of shares and bonds, the MIC uses carefully picked mortgages as underlying assets. In MIC investment in Abbotsford, mortgage investors generate money through the interest and fees charged to borrowers. No matter how much you invest, they are extremely profitable and fit nicely within a fixed-income portfolio.