Global Wealth Management and Banking Overview
Canadian Banking: Residential Mortgages
High quality, well managed portfolio
o Residential mortgage portfolio of $213 billion: 43% is insured; LTV is 54% on the uninsured book1
Mortgage business model is “originate to hold"
.
•
•
New originations2 had average LTV of 63% in Q4/18
Majority is freehold properties; condominiums represent approximately 13% of the portfolio
。 Scotiabank has three distinct distribution channels: 1. Broker (~55%); 2. Branch (~25%); and 3. Mobile Salesforce (~20%)
О All adjudicated under the same standards
。 The mortgage portfolio has good diversification across Canada with approximately half of the portfolio in Ontario
CANADIAN MORTGAGE PORTFOLIO: $213B (SPOT BALANCES AS AT Q4/18, $B)
Freehold $185B
Condos $28B
$107.0
43%
Insured
$12.2
Total
Portfolio:
$213 billion
$94.8
$38.6
$9.2
$30.7
$3.6
$15.9
$29.4
$27.1
$1.8
$14.1
$11.4
$11.2
$0.2
$9.5
$8.8
$0.7
57%
Uninsured
Ontario
BC & Territories
Alberta
Quebec
Atlantic Provinces
Manitoba &
Saskatchewan
% of
50%
18%
14%
8%
5%
5%
portfolio
1 LTV calculated based on the total outstanding balance secured by the property. Property values indexed using Teranet HPI data
2 New originations defined as newly originated uninsured residential mortgages and have equity lines of credit, which include mortgages for purchases
refinances with a request for additional funds and transfer from other financial institutions
Scotiabank®
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