Mainstreet Equity Corp.
Mainstreet Equity Corp. (TSX: MEQ) is trading at CA$164.44, about ₹11,198 at today's CAD/INR rate, as of 25 Sep 2026, 4:00 PM ET, down 0.38% today. Indian residents can buy Mainstreet Equity from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
CA$164.00
Today's high
CA$166.86
52 week low
CA$160.08
52 week high
CA$201.20
MEQ opened at CA$164.00, closed previously at CA$165.06, and has traded between CA$160.08 and CA$201.20 over the past 52 weeks.
About
Mainstreet Equity Corp. focuses on the acquisition, disposition, value enhancement, and active management of multi-family residential properties across Western Canada. The company boasts a significant property portfolio in key regions including Vancouver and the Lower Mainland, Calgary and Southern Alberta, Edmonton, Saskatoon, and Regina. As of September 30, 2021, its total holdings comprised 15,071 revenue-generating units, a diverse collection featuring townhouses, garden apartments, concrete mid and high-rise apartment buildings, condominium suites, and two independent commercial houses. The firm was established in 1997 and operates from its headquarters in Calgary, Canada.
Key statistics
Avg. volume
8.26K
Market cap
CA$1.53B
P/E Ratio
8.74
Price-to-sales ratio
5.33
Enterprise value
CA$3.31B
Free cash flow yield
7.11%
Debt-to-equity ratio
0.96
Return on equity
9.49%
ROIC
3.48%
Beta
0.84
Dividend yield
0.17%
Last dividend
CA$0.28
Financial overview
Revenue
CA$276.29M
Earnings per share
CA$30.80
Free cash flow
CA$85.38M
Net profit margin
60.99%
Gross margin
67.47%
EBITDA
CA$397.79M
Revenue growth
10.61%
Similar securities
This is not an investment recommendation
How to buy Mainstreet Equity from India
Indian residents can buy Mainstreet Equity shares through Paasa in four steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name with Interactive Brokers.
Open a Paasa account
Complete digital KYC with your PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds under LRS
Transfer INR from your Indian bank account. Your bank reports the remittance under the RBI's Liberalised Remittance Scheme and converts it to US dollars and then to CAD.
Search for Mainstreet Equity and place an order
Find Mainstreet Equity by name or by its ticker, MEQ, and choose an order type. Mainstreet Equity trades 7:00 pm – 1:30 am IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Mainstreet Equity position in CAD and INR, and use Paasa's capital-gains and dividend statements when you file your Indian return.
Read the full guide: how to invest in Mainstreet Equity from India
Trading and taxes when buying Mainstreet Equity from India
Trading and limits
- Trading hours
- 9:30 am – 4:00 pm ET
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- 12.5% or slab rateGains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
- Dividends
- Slab rateDividends are taxed at your slab rate in India. Mainstreet Equity’s current yield is 0.17%.Dividend tax explained
Custody. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
FAQs
Can Indian residents buy Mainstreet Equity stock?
Yes. Mainstreet Equity (MEQ) has been listed on the Toronto Stock Exchange since 2000, in the Real Estate - Services industry, and Indian residents can buy it through Paasa. You fund the account from your Indian bank under the RBI's Liberalised Remittance Scheme and the money is converted to US dollars and then to CAD. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
How much does one Mainstreet Equity share cost in rupees?
One Mainstreet Equity share is CA$164.44 — about ₹11,198 at a CAD/INR rate of 68.10 on 24 Sep 2026. Both the Mainstreet Equity price and the rupee rate move during the day, so the rupee cost changes with them.
What are the LRS and TCS rules for buying Mainstreet Equity from India?
Remit up to $250,000 per financial year under the RBI's Liberalised Remittance Scheme (LRS). Banks collect 20% tax at source on LRS remittances above ₹10 lakh in a financial year; the TCS is adjustable against your income-tax liability. FX and the LRS declaration are handled by your bank when you fund your account.
How are gains on Mainstreet Equity shares taxed in India?
Gains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. The gain is computed in rupees using the CAD/INR rate on the purchase and the sale date, so the rupee move counts alongside the Mainstreet Equity price. Paasa issues a capital-gains statement for your return.
Does Mainstreet Equity pay a dividend, and how is it taxed in India?
Yes. Mainstreet Equity pays a dividend and the current yield is 0.17%; the last declared dividend was CA$0.28 per share, about ₹19.07. Dividends are taxed at your slab rate in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
When can I trade Mainstreet Equity from India?
The Toronto Stock Exchange trades 7:00 pm – 1:30 am IST in Indian time, so the close lands after midnight. The window shifts to 8:00 pm – 2:30 am IST when Canada is on standard time. Orders can only execute during that window.
Do I have to declare Mainstreet Equity shares in my Indian tax return?
Yes. Foreign shares held on 31 March must be reported in Schedule FA of your Indian income-tax return. Paasa gives you a Schedule FA-ready statement listing your Mainstreet Equity holding, its cost and its closing value.
How do I sell Mainstreet Equity and bring the money back to India?
You sell during market hours (7:00 pm – 1:30 am IST) and the proceeds settle in CAD in your Paasa account. From there you can hold the balance, reinvest, or repatriate. Funds can be withdrawn in any currency to any bank account in your own name. Whether the sale is short- or long-term is decided by the 24-month holding period.
Does the rupee rate affect what I make on Mainstreet Equity?
Yes. Mainstreet Equity is priced in CAD, so your rupee outcome combines the CAD move with the CAD/INR move between the day you remit and the day you convert back. Both directions are reflected in the capital-gains statement Paasa issues.