Cameron Stephens Secures $70 Million in Capital Commitments and Launches Western Canada High Yield Fund, Accelerating Regional Growth

VANCOUVER, BC and TORONTO, June 4, 2025 /CNW/ - Cameron Stephens Mortgage Capital Ltd. ("Cameron Stephens") is pleased to announce the successful launch of the Western Canada High Yield Mortgage Fund ("Fund"), focused on real estate secured lending across Western Canada.
The newly launched Fund represents $35 million in commitments from Western Canadian real estate family offices. This amount has been matched by a $35 million allocation from Cameron Stephens' flagship "Bay Street High Yield Fund", bringing the total capital pool to $70 million. The Fund is now active and committing capital into high-quality commercial mortgage opportunities across Alberta and British Columbia.
This milestone is a key pillar in Cameron Stephens' ongoing expansion strategy in Western Canada, where the firm has grown to over $550 million in assets under administration in just four years.
"The Western Canada High Yield Mortgage Fund builds on the long-term success of our existing Bay Street High Yield Fund," said Steve Cameron, President and Chief Operating Officer. "This new vehicle allows us to deliver capital faster and with more flexibility in Western Canada, while drawing on deep local insight from our newly formed Western Canada Investment Committee—comprised of some of the most sophisticated real estate family offices in the region. Their involvement gives us a strategic advantage when it comes to originating mortgages, adjudicating credit, and underwriting market risk with precision."
"At Cameron Stephens, we believe in alignment and partnership," said Brad Wise, Senior Vice President & Managing Director, Western Canada. "We're proud to have brought together a group of highly respected and experienced Western Canadian real estate families to support this strategy. Their participation not only capitalizes the Fund but brings invaluable regional knowledge to our Western Canada operations."
The Fund is modeled after Cameron Stephens' Ontario-based flagship Bay Street High Yield Fund launched in 2004, which has delivered net annualized returns of 11.4% since inception. The Fund investors will benefit from access to a broad array of mortgage investment opportunities alongside the Bay Street High Yield Fund, delivering a portfolio composition designed to offer diversification across location, mortgage type, and asset class in Western Canada.
Scott Cameron, Chief Executive Officer, Cameron Stephens, concludes, "When we founded the Bay Street High Yield Fund 20 years ago, our goal was to offer investors consistent, superior risk-adjusted returns. It's incredibly rewarding to see that same platform fueling growth in Western Canada."
About Cameron Stephens
Founded in 2004, Cameron Stephens is a leading Canadian real estate investment firm with nearly $4 billion in assets under administration. Cameron Stephens offers institutional and private investors strategic opportunities to invest in commercial real estate with consistent returns. The firm specializes in mortgage solutions through Cameron Stephens Mortgage Capital for developers across Canada. Established in 2021, Cameron Stephens Equity Capital provides equity opportunities for high-quality and strategically positioned developments.
Leveraging deep market expertise and strong industry partnerships, Cameron Stephens is recognized as a key player in Canada's real estate investment landscape, aiming to deliver sustainable growth and financial success. For more information, visit www.cameronstephens.com.

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Vancouver Sun

an hour ago

• Vancouver Sun

Security and defence high on the agenda as Mark Carney attends EU and NATO summits

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Browse here. Carney will fly first to Brussels, Belgium, starting the trip with a visit to the Antwerp Schoonselhof Military Cemetery where 348 Canadian soldiers are buried. He will also meet with Belgian Prime Minister Bart De Wever, European Council President Antonio Costa and European Commission President Ursula von der Leyen. At the EU-Canada summit, Anand and McGuinty are expected to sign a security and defence agreement with the EU in what one European official described Friday as one of the most ambitious deals Europe has ever signed with a third country. The agreement will open the door to Canada's participation in the ReArm Europe initiative, allowing Canada to access a 150-billion-euro loan program for defence procurement, called Security Action for Europe. 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CTV News

2 hours ago

• CTV News

Top stories of the week: wage theft fine, vending machine concerns, and police nab motorcyclist

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Toronto Sun

4 hours ago

• Toronto Sun

Bank of Canada hoping for better look at 'complicated' inflation picture

Published Jun 22, 2025 • 4 minute read The head office of the Bank of Canada located at 234 Wellington Street in Ottawa. Photo by Adam Huras / Brunswick News OTTAWA — The Bank of Canada will get a fresh look at national inflation figures this week — a picture that's been particularly murky as of late amid tax changes and trade wars. This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account Statistics Canada is expected to publish its consumer price index for May on Tuesday. Financial data shows the consensus among economists is that inflation ticked up to 1.8 per cent year-over-year last month. April figures showed the annual inflation rate slowed sharply to 1.7 per cent, thanks largely to a drop in gasoline prices tied to the end of the consumer carbon price. Benjamin Reitzes, BMO's managing director of Canadian rates and macro strategist, said he expects inflation cooled two ticks to 1.5 per cent in May. He pointed to a slowing in shelter inflation and a smaller jump in gas prices compared with the same time last year for the easing. But it won't be just the headline number the Bank of Canada is parsing as it attempts to set its benchmark interest rate in an increasingly uncertain world. Your noon-hour look at what's happening in Toronto and beyond. By signing up you consent to receive the above newsletter from Postmedia Network Inc. Please try again This advertisement has not loaded yet, but your article continues below. 'The reality is, they don't just look at one number. They look at a number of different inflation metrics to really try and figure out what the underlying trend is,' Reitzes said. Bank of Canada governor Tiff Macklem called the current inflation picture 'complicated' in a speech to the St. John's Board of Trade in Newfoundland and Labrador on Wednesday. The 'firmness' in underlying inflation lately might be early signs of the trade war with the United States impacting inflation, he said. The central bank has so far been dogged by uncertainty tied to the tariff dispute, holding its policy rate steady at 2.75 per cent twice in a row as it waits for clarity on how the trade restrictions will impact inflation. While the tariffs and counter-tariffs themselves are likely to drive up prices for businesses, it's not yet clear to the bank how quickly companies will pass those costs on to customers. This advertisement has not loaded yet, but your article continues below. Resulting slowdowns in the economy could also see businesses and consumers rein in spending, keeping inflationary pressures relatively tame. Katherine Judge, senior economist at CIBC Capital Markets, said inflation likely inched higher because of tariffs. 'The acceleration in the monthly pace will be largely tied to food prices that are picking up counter-tariff impacts and core goods prices that could begin to reflect broader tariffs,' she said in a note to clients on Friday. 'We expect rent inflation to decelerate after a surprising jump in April, and in line with industry data, leaning against food price increases.' Judge noted the upcoming inflation reading will reflect adjustments Statistics Canada made to its CPI basket, but said such changes don't usually have a meaningful impact on the headline number. This advertisement has not loaded yet, but your article continues below. Reitzes said it's been hard to pinpoint the impact of tariffs on the inflation data. 'The Bank of Canada is certainly watching for that, though,' he said. 'The army of economists they have working for them will be kind of teasing through all of that data and looking for any signs of that.' Food inflation has been a bit stronger in recent months, which Reitzes noted is one area where Canada is applying counter-tariffs. But he also said that could be a lagged impact from weakness in the Canadian dollar at the start of the year now filtering into food prices. Another source of noise in the inflation data is tax changes from the federal government in the early part of the year. First, Ottawa's two-month GST holiday skewed price data on a range of groceries, gifts and household staples, and now the end of the consumer carbon tax is driving down headline inflation. This advertisement has not loaded yet, but your article continues below. But that impact is only going to last for a year and will fall out of the inflation comparison after 12 months. Macklem said the central bank is increasingly putting weight on CPI measures that strip out influences from tax changes to give it some clarity. He noted Wednesday that inflation excluding taxes was 2.3 per cent in April — stronger than the central bank was expecting. Macklem also signalled Wednesday that the Bank of Canada is scrutinizing its own preferred measures of core inflation a little more closely. Those core inflation figures are now running above three per cent, but Macklem also warned there's 'potentially some distortion' that could be 'exaggerating' price pressures. Alternative measures of core inflation are coming in lower, so he said the bank is looking at a range of factors as it gauges where inflation is heading next. 'There is some unusual volatility. So how temporary or persistent this is, I think remains an open question,' Macklem said. The Bank of Canada will get a look at two inflation reports before its next interest rate decision on July 30. If inflation shows signs of remaining well contained in those releases, Reitzes said the Bank of Canada might find a window to lower interest rates to boost the economy in the face of tariffs. 'They'll probably take that opportunity, but inflation needs to provide them with that,' he said. 'And at the moment it is not doing so.' Sports Sunshine Girls World Columnists Editorial Cartoons