Fourth Quarter 2022 Financial Highlights
Canadian Real Estate Secured Personal Lending
GVA and GTA continue to perform well
•
Mortgage growth has been driven by clients that have deep and balanced relationships with CIBC
88% of mortgages are owner-occupied. Investor mortgages performance is strong and compares favourably with owner-occupied
mortgages
•
The Greater Vancouver Area¹ (GVA) and Greater Toronto Area¹ (GTA) continue to perform well and have superior new origination
bureau and LTV than the Canadian average
Mortgages 90+ Day Delinquency Rates - Investor vs.
90+ Days Delinquency Rates
F19 Avg.
Q4/21
Q3/22
Q4/22
Owner Occupied
Total Mortgages
0.27%
0.17%
0.14%
0.13%
0.40%
Uninsured Mortgages
0.22%
0.14%
0.11%
0.11%
0.30%
Uninsured Mortgages in GVA¹
0.13%
0.13%
0.08%
0.07%
Uninsured Mortgages in GTA¹
0.13%
0.08%
0.06%
0.08%
0.20%
0.10%
Uninsured Mortgages in Oil
Provinces²
0.59%
0.47%
0.41%
0.40%
0.00%
Q4/17
Q4/18
Q4/19
Q4/20
Q4/21
Q4/22
Investor
Owner Occupied
Mortgage Balances ($B; principal)
243
132
260
262
140
141
HELOC Balances ($B; principal)
18.8
10.4
19.4
19.4
10.6
10.6
79
86
87
6.0
6.3
6.3
32
Q4/21
34
Q3/22
34
2.4
2.5
2.5
Q4/22
Q4/21
Q3/22
Q4/22
■ GVA1 ■GTA1
■ Other Region
■ GVA¹
■GTA
■ Other Region
1
2
GVA and GTA definitions based on regional mappings from Teranet.
Alberta, Saskatchewan and Newfoundland and Labrador.
CIBC◇
Fourth Quarter, 2022
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