Canadian Personal & Commercial Banking - Financial Results
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Canadian RESL Portfolio: Renewal profile in the next 12 months
RESL renewal risk is reduced by borrower capacity, equity and quality
The impact of higher interest rates on payments is primarily realized upon renewal for both fixed and variable rate products
Variable rate products with fixed payments are generally impacted through an extension of amortization until renewal. At
renewal, the product reverts to the original amortization schedule, which may require additional payments
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Canadian RESL
Portfolio
Renewing in
next 12 months²
Uninsured
with Bureau
Score < 680
LTV3 >70%
$196B
Variable
39%¹
Fixed
61%
Insured
27%
$47MM
$21B
>
$1.3B
O
Uninsured
73%
Of the uninsured balances up for renewal in the next 12 months² (approximately $15B):
Average Bureau Score is 797
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91% have a score of at least 680
This slide contains forward-looking statements, please refer to the Caution Regarding Forward-Looking Statements on slide 2
The above exhibit is not to scale
1 Includes Home Equity Line of Credit, or HELOC (revolving) product
2 Renewal period: August 1st, 2023, through July 31st, 2024
3 Loan to Value (LTV) is the ratio of outstanding mortgage balance or the HELOC authorization to the original property value indexed using Teranet data
BMOM
Risk Review August 29, 2023
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