RBC Business Segments and Market Strategy
The Toronto and Vancouver downtown condo markets
RBC
Undeveloped land around Toronto / Vancouver is limited, causing shift to centralized condo housing
'Green belt' surrounding Toronto has limited urban sprawl and increased demand for condos in the core
- Vancouver is restricted in its ability for urban sprawl due to land constraints away from the city centre
■ Canada has one of the highest per capita rates of permanent immigration in the world (1)
20.6% of Canada's population is foreign born (6.8 million), highest proportion among the G8 nations (1)
- 63% of all new immigrants to Canada move to Toronto, Vancouver or Montreal (1)
RBC's exposure to condo development is limited - about 2.2% of our total commercial loan book (2)
Condo exposure is 9.9% of our Canadian residential mortgage portfolio (2) (3)
"Green belt" surrounding Greater Toronto area
WELLINGTON
Lake D
Simcoe
Lake Ontario
CANADA
USA
Vancouver limited by mountains, sea, U.S. border
Mt Seymour
Provincial Park
cal Reserve
1A
North Vancouver District
Belcara Regional
Park
Pinecone Lake-Burke
Mountain Park
Coquitlam
VANCOUVER
Pacific Spirit
Regional Park
99
91A
Richmond
Ο
[17]
Maple Ridge
New Westminster
Langley Twp
Surrey
10
Delta
Point Roberts
Canadian Housing Market
(1) Citizenship and Immigration Canada 2013, Statistics Canada. (2) As at January 31, 2016. (3) Based on spot balances and includes HELOC
White Rock Campbell Valley
Regional Park
15
13
530
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