Canadian Banking and Mortgage Portfolio Overview
Canadian Banking: Residential Mortgages
High quality, diversified portfolio
• Residential mortgage portfolio of $230 billion: 37% insured; LTV 54% on the uninsured book1
。 Mortgage business model is "originate to hold"
o New originations² in Q1/20 had average LTV of 64.4%
。 Majority is freehold properties; condominiums represent approximately 13.9% of the portfolio
⚫ Three distinct distribution channels: all adjudicated under the same standards
o 1. Broker (~61%); 2. Branch (~19%); and 3. Mobile Salesforce (~20%)
。 Our recently launched Scotiabank eHOME digital mortgage solution is emerging as our 4th distribution channel. Since the
launch of eHOME, we have processed more than 2,800 mortgage applications. Most recently, we launched the ability for
Canadians to get pre-approved online with a credit decision and a pre-approval letter in just minutes - another first for the
industry. Over 1,200 preapproval applications have already been processed. We have also partnered with the Canadian Real
Estate Association (CREA) to enable customers to search for a home directly within eHOME, making the entire home-buying
journey digital
37%
CANADIAN MORTGAGE PORTFOLIO: $230B (SPOT BALANCES AS AT Q1/20, $B)
Insured
Freehold $198B
-
Condos $32B
-
$119.4
$14.8
Total
Portfolio:
$230 billion
$104.6
$43.0
$11.0
$30.7
$3.7
$32.0
$27.0
Ontario
BC & Territories
Alberta
% of
portfolio
51.9%
$16.4
$14.5
Quebec
$1.9
$11.1
$10.8
$9.4
$0.2
$0.7
$8.7
63%
Atlantic Provinces
Manitoba &
Uninsured
Saskatchewan
18.7%
13.4%
7.1%
4.8%
4.1%
1LTV 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
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